Bitcoin could continue its downtrend as there are few catalysts to reverse the cryptocurrency’s fortunes, says Galaxy Digital research lead Alex Thorn. Thorn said in a note on Monday that there is a “significant chance” that over the coming weeks, Bitcoin (BTC) could fall to the bottom of a gap in supply at $70,000 before testing its realized price of $56,000, the average cost of all BTC in circulation. “Catalysts remain hard to find and narratives are also working against Bitcoin as it fails to trade along with gold and…
Category: Bitcoin News
Tether And Opera Expand Stablecoin Access Via MiniPay Wallet
Stablecoin issuer Tether and web browser provider Opera have partnered to expand financial access in emerging markets through the MiniPay stablecoin wallet app. Tether announced on Monday that it was expanding support for its stablecoin USDt (USDT) and Tether Gold XAUT (XAUT) within MiniPay, Opera’s self-custodial wallet built on the Celo blockchain. Tether said the initiative is aimed at helping people in emerging markets such as Africa, Latin America and Southeast Asia to access dollar-denominated stablecoins for savings and transfers. “Tether’s mission has always been to provide simple, reliable access…
Lack Of Leverage And Metals Rally Drag Down Ether Tom Lee
Fundstrat head of research Tom Lee argues Ether’s recent slump should be seen as “attractive” as its fundamentals remain strong, and that it has only fallen due to a lack of leverage and a flight to precious metals. The first quarter of 2026 is shaping up to be Ether’s (ETH) third-worst Q1 in history, with the asset down 21% so far this year, according to CoinGlass. However, Lee said the price drop has come at a time when network on-chain activity and fundamentals have continued to grow. Ethereum daily transactions…
BTC Faces Possible 6 Month Recovery After Key Price Level Was Lost
Bitcoin (BTC) closed its weekly candle at $76,931 on Sunday, causing BTC to lose its 100-week moving average for the first time since October 2023. Analysts are now weighing whether the move marks the early stages of a bear market and what this shift may mean for Bitcoin’s recovery in the long term. Key takeaways: Bitcoin closed a weekly candle below the 100-week simple moving average, a trend linked with multi-month drawdowns. Past bearish breakouts below the weekly trend lasted between 182 and 532 days. Heavy spot volume between $85,000…
Trump Denies Involvement in $500M Abu Dhabi WLFI Stake
US President Donald Trump has denied knowledge of a reported multimillion-dollar deal between his family and an Abu Dhabi royal for a significant stake in the World Liberty Financial crypto platform. “I don’t know about it,” Trump told reporters on Monday when asked about his involvement in the deal. “My sons are handling that — my family is handling it,” Trump added. “I guess they get investments from different people.” JUST IN: 🇺🇸🇦🇪 President Trump says he did not know Abu Dhabi invested $500 million in his World Liberty crypto…
ISM Manufacturing PMI Rise is Bullish For Bitcoin
A metric tracking the health of the US economy has just posted its highest monthly score since August 2022, and crypto analysts say it could signal a turnaround for Bitcoin, which is trading at $78,000. The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing activity in the US, recorded a score of 52.6 in January, beating the market consensus of about 48.5 and ending 26 consecutive months of economic contraction, ISM stated in a report on Monday. The index score is a closely watched…
BTC Hits Record Undervaluation Amid ETF Outflows: Bitwise
Bitcoin (BTC) price fell to a year-to-date low of $74,555 on Monday, marking a 40% drawdown from its all-time high. The move coincided with $1.3 billion in net outflows from the global Bitcoin exchange-traded products (ETPs) last week. This drawdown coincided with extreme bearish sentiment and low valuation metrics, but the silver lining could be analysts’ view that a potential asymmetric trade setup is in the works. Key takeaways: Bitcoin’s 2-year rolling MVRV z-score has fallen to its lowest level on record, signalling extreme undervaluation. Global Bitcoin ETPs saw $1.35…
White House Officials Met with Crypto Execs to Discuss Market Structure
The meeting came more than two weeks after the Senate Banking Committee postponed a markup on the CLARITY Act, adding that everyone “remains at the table“ to work on the bill. Officials in US President Donald Trump’s administration met with representatives from the cryptocurrency and banking industry to discuss how to address stablecoin yield in the market structure bill under consideration in the Senate. In a Monday X post, The Digital Chamber, a crypto advocacy organization, said its CEO, Cody Carbone, and others had met at the White House to…
Wrench Attacks Increased by 75% in 2025, Resulting in $41M Losses: CertiK
Physically targeting crypto users or their relatives, colloquially known as “wrench attacks,” significantly increased in the last year, according to blockchain security auditor CertiK. In a report on wrench attacks released on Sunday, CertiK said there had been 72 verified cases worldwide in 2025 in which crypto users had been subject to physical attacks. According to the platform, such attacks were “no longer edge cases,” given that physical assaults and kidnappings had increased by about 75% over incidents in 2024. “Beyond direct losses, the psychological and reputational fallout is reshaping…
Relief Rally Leads To Green Bitcoin, Altcoin Charts, But Will It Last?
Key points: Bitcoin has started a relief rally, which is expected to face selling near $84,000. Several major altcoins are at risk of breaking below their support levels if the bulls fail to clear the overhead resistance levels. Bitcoin (BTC) turned up from the $74,508 level on Monday, and the buyers are attempting to maintain the price above $79,000. BTC analyst PlanC said in a post on X that the fall to the $75,000 to $80,000 zone might be “the deepest pullback opportunity this Bitcoin bull run.” The Crypto Fear…