Category: Bitcoin News

ARK Invest Sells Coinbase And Buys Bullish Shares

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ARK Invest, the asset manager led by prominent Bitcoin bull Cathie Wood, has shifted from buying to selling Coinbase stock, as the shares dipped 13% and hit multi-month lows. On Thursday, ARK offloaded 119,236 Coinbase (COIN) shares, valued at roughly $17.4 million, according to a trade filing seen by Cointelegraph. The sale comes just a day after a modest 3,510-share ($630,000) purchase on Tuesday, following a series of buys at higher prices earlier in 2026. This marks ARK’s first Coinbase sale of 2026 and its first since August 2025, signaling…

Bitcoin May Need Two Years to Flip $93,500 Back to Support

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Bitcoin (BTC) liquidated billions of dollars going into Friday as BTC price action set bearish records. Key points: Bitcoin liquidates $2.6 billion as it sees its first red $10,000 daily candle ever. BTC price action dives further in percentage terms than on any day since the 2022 bear market. It may take until 2028 for Bitcoin to return above $93,500 again. Bitcoin seals biggest daily dollar rout in history Data from TradingView showed BTC/USD consolidating after bouncing from $59,930 — its first trip below the $60,000 mark since October 2024.…

Metaplanet Doubles Down on Bitcoin as Stock Slumps

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Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022. “[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and prepare for the next phase of growth,” Gerovich said Friday on X, according to a machine translation of his post. Metaplanet’s stock on the Tokyo Stock Exchange closed Friday down 5.56% at 340 yen (about $2.16). The corporate crypto whale is ranked fourth among public Bitcoin (BTC) treasury companies…

Bitcoin Mining Stocks Plunge As Earnings Fall Short

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Shares in crypto mining companies IREN and CleanSpark sank on Thursday as their earnings came in below Wall Street expectations and Bitcoin’s slide saw traders turn risk-off. Bitcoin (BTC) has fallen 12% over the past 24 hours to briefly touch a low of $60,000 early on Friday. Meanwhile, the crypto market capitalization fell by almost 9%, according to CoinMarketCap. CleanSpark (CLSK) led the decline, closing trading on Thursday down 19.13% and falling another 8.6% after-hours to $7.55 after its results for the quarter ended Dec. 31 came in below analyst…

Banks Could Eventually Offer Crypto Products, Says Bessent

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US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill. US Treasury Secretary Scott Bessent has told Congress that traditional and crypto banking products and services may be more intertwined in the future.  Appearing before the Senate Banking Committee on Thursday, Bessent was asked by Republican Senator Cynthia Lummis whether there could come a time when conventional banks and crypto are offering the same types of products. “I think that can…

Bitcoin’s Chance Of Returning To $90K By March Is Slim

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Key takeawys: Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion. Options markets show a 6% chance of Bitcoin returning to $90,000 by March. Bitcoin (BTC) slid below $63,000 on Thursday, hitting its lowest level since November 2024. The 30% drop since the failed attempt to break $90,500 on Jan. 28 has left traders skeptical of any immediate bullish momentum. The current bearish sentiment is fueled by weak US job market data and rising concerns over massive capital expenditure within…

Is It Time For A Bounce?

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Bitcoin touched new lows under $64,000 as market selling reached a historic level, and analysts warn that the bottom is not in. Does data support analysts’ sub-$60,000 prediction? Bitcoin (BTC) has fallen 13% over the past four days, sliding to $63,844 from $79,300. It is currently trading below $69,000, which is the 2021 bull market high, a level many see as a support level. The drop was matched by a sharp decline in futures activity, with BTC’s open interest falling by more than $10 billion over the past seven-days. Analysts…

Tether Makes $100M Equity Investment in Anchorage Digital

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Tether has made a $100 million strategic equity investment in Anchorage Digital, formalizing an existing relationship between the stablecoin issuer and the federally regulated US crypto bank. According to a post by Tether on Thursday, the investment builds on the companies’ prior collaboration, which includes Anchorage Digital’s role as the issuer of USAt, which launched on Jan. 27. USAt is dollar–pegged stablecoin designed to operate in the United States under the federal payment stablecoin framework established by the GENIUS Act in July 2025. Anchorage Digital Bank, founded in 2017 in…

ETH Falls Under $2K, But Whales Accumulate as Retail Traders Capitulate

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Ethereum’s native token, Ether (ETH), dropped to a year-to-date low of $1,927 on Thursday, and is currently down more than 60% from its all-time high of $4,950. Analysts said the decline is stress-testing holders’ conviction, and onchain and crypto exchange inflow data point to the start of a bear market. Despite the selling intensity, one group of Ether holders has been buying, but whether this will help ETH reclaim $2,000 is to be determined. Key takeaways: Mid-sized holders (100–10,000 ETH) reduced their holdings, signaling a capitulation phase. Large holders (10,000-plus…

Aster Launches Testnet for Layer-1 Blockchain, Teases Full Release in Q1

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The Aster decentralized crypto exchange (DEX) and perpetual futures platform announced on Thursday that its layer-1 blockchain testnet is now live for all users, with a potential rollout of the Aster layer-1 mainnet in Q1 2026. Several new features are slated for a Q1 launch, including fiat currency on-ramps, the release of the Aster code for builders and the upcoming L1 mainnet, according to the Aster roadmap. Aster will focus on infrastructure, token utility and building its ecosystem and community in 2026, according to the roadmap.  Source: Aster Aster rebranded…