Day: February 6, 2026

Analyst Who Predicted XRP’s 600% Rally Forecasts The Bottom And A Target Of $10

admin

XRP’s current pullback has diverted attention away from short-term volatility and back toward the bigger picture on the chart. The cryptocurrency is now down by over 60% from its July all-time high, and the decline is showing signs of more downside.  As the price continues to break below support levels, one analyst whose earlier outlook preceded a major XRP rally says the cryptocurrency may be approaching a bottom for another accumulation phase. Analyst Points To A New Accumulation Phase XRP’s recent price action has seen many analysts projecting a bottom…

Bitcoin Reclaims $71K, But How Long Will It Hold?

admin

Key takeaways: Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations. Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand. Bitcoin (BTC) has gained 17% since the $60,150 low on Friday, but derivatives metrics suggest caution as demand for upside price exposure near $70,000 remains constrained. Traders fear that the liquidations of $1.8 billion of leveraged bullish futures contracts in five days indicate that major…

Sell-Off Hits Treasuries, ETFs and Mining Infrastructure

admin

Crypto’s latest sell-off isn’t just a price story. It’s showing up on balance sheets, inside spot exchange-traded funds (ETFs) and even in how infrastructure gets used when markets turn. This week, Ether’s (ETH) slide is leaving treasury-heavy companies nursing massive paper losses, while Bitcoin (BTC) ETFs are giving a new wave of investors their first real taste of downside volatility.  At the same time, extreme weather is reminding miners that hash rate still depends on power grids, and a former crypto miner-turned-AI darling shows how yesterday’s mining infrastructure has quietly…

Joshua Lim: Bitcoin’s divergence from gold is causing market instability, retail interest will drive price movements, and quantum computing poses risks for institutional investors

admin

Market resilience and retail interest could reshape the future of Bitcoin and crypto investments. Key takeaways Current crypto price levels are significantly lower compared to previous highs. The resilience of risk assets will dictate future crypto market performance. Bitcoin’s divergence from gold is causing market instability. Bitcoin is experiencing downward trends while other risk assets rise. The market is currently driven by capital flows rather than fundamental catalysts. Quantum computing concerns are impacting Bitcoin’s appeal to institutional investors. The crypto market is expected to remain range-bound this year. Market structure…

Ai.Com, Founded by Kris Marszalek, Announces Upcoming AI Agents

admin

Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user. AI platform ai.com, founded by Crypto.com co-founder and CEO Kris Marszalek, announced on Friday that it will be launching an autonomous AI agent for retail consumers. The agentic AI will be able to execute functions including trading stocks, workflow automation and simple tasks like calendar updates and managing changes to online social profiles, according to an announcement from the company. The agents will feature segregated user data, secured by encryption…

Bithumb Corrects Payout Error After Abnormal Bitcoin Trades

admin

Bithumb said it identified and corrected an internal payout error after an “abnormal amount” of Bitcoin was credited to some user accounts during a promotional event, briefly causing sharp price fluctuations on the exchange. In a company announcement on Friday, the South Korean crypto exchange said the price dislocation occurred after some recipients sold the mistakenly credited Bitcoin, but that it quickly restricted the affected accounts through internal controls, allowing market prices to stabilize within minutes and preventing any chain liquidations. Bithumb said the incident was unrelated to any hacking…

Sui Network partners with Coinbase as exchange adopts Sui token standard

admin

Sui Network, a high-performance layer-1 blockchain platform, and Coinbase, a leading crypto exchange, announced a partnership today to expand institutional and retail access via the Sui token standard. Excited to announce we’re partnering with @Coinbase as they adopt the Sui token standard, making it easier than ever for institutions, builders, and everyday users to participate in the Sui ecosystem. pic.twitter.com/nzPW2Pu1V1 — Sui (@SuiNetwork) February 6, 2026 The collaboration aims to improve accessibility of Sui tokens across Coinbase’s platform, targeting broader adoption among both individual investors and institutions. The partnership builds…

Nvidia CEO says AI data center spending will last 7–8 years amid $650B capex boom

admin

Nvidia CEO Jensen Huang pushed back on investor concerns about overbuilding data center capacity, calling the current wave of AI infrastructure spending both sustainable and necessary. “The demand is just incredibly high,” Huang said on CNBC, adding that the AI buildout will continue for seven to eight years. He characterized the effort as a “once in a generation infrastructure buildout.” The comments came as Nvidia shares rebounded sharply Friday, jumping as much as 7.5% in their biggest intraday gain since April. The rally added more than $300 billion in market…

Bitcoin Dips to $60k, TRM Labs Reaches Crypto Unicorn Status

admin

Cryptocurrency markets experienced a brutal sell-off this week as investor concerns grew over stagnating US liquidity following US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve. Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of outflows, with $431 million exiting on Thursday, according to data from Farside Investors. Bitcoin’s (BTC) price briefly dipped to $60,074 on Friday before recovering above $64,930 as of 7:49 a.m. UTC. Warsh — who previously served as a Fed governor from 2006 to 2011 — is expected to continue the interest…