The crypto crash accelerated this week, with Bitcoin price plunging to $60,500, its lowest level since October 2024, and the market capitalization of all coins moving to $2.2 trillion. Summary The crypto crash accelerated this week as most coins tumbled. The Fear and Greed Index has fallen to extreme levels. Technical analysis suggests that it…
CryptoQuant’s Ki Young Ju warns that absent a near-term Bitcoin rebound, forced liquidations and cascading institutional selling could hit ETFs, miners, and trust. Summary CryptoQuant CEO Ki Young Ju says large BTC releases may signal forced institutional liquidations that pressure prices and ETF flows. He warns that if Bitcoin does not rebound within a month,…
South Korean crypto exchange Bithumb was thrust into the spotlight on Friday after claims surfaced on social media that an internal error led to the accidental distribution of 2,000 Bitcoin to users, triggering a sharp price dislocation on the platform. Summary Bitcoin on Bithumb briefly traded more than 10% below other major exchanges following reports…
IBIT’s heavy Bitcoin flows and rising institutional demand collide with growing “harvest now, decrypt later” fears and BMIC’s push for post-quantum wallet security. Summary BlackRock’s iShares Bitcoin Trust now holds about 764,893 BTC, or roughly 3.64% of the eventual 21 million supply, intensifying focus on centralization and key management. Security researchers warn of “harvest now,…
An analyst warns Bitcoin could revisit ~$38k if past 70% drawdown patterns repeat, while others argue deeper institutional flows may cap the correction nearer 55%–60%. Summary Analyst “Sherlock” maps past drawdowns of 93%, 86%, 84%, and 77% to project a roughly 70% drop this cycle, implying a Bitcoin bottom near $38,000. Critics on X counter…
Marathon Digital Holdings, one of the largest publicly traded Bitcoin mining companies, has recently executed a significant on-chain movement of Bitcoin worth roughly $87 million amid a broader sell-off in crypto markets. Summary Marathon Digital moved 1,318 BTC worth about $87 million over a 10-hour period, with funds sent to institutional counterparties, custodial wallets, and…
Veteran trader Peter Brandt said Bitcoin could be approaching a potential downside floor, arguing that past bear market patterns suggest losses may be limited from current levels. Summary Veteran trader Peter Brandt said Bitcoin may be nearing a downside floor, pointing to past bear market cycles that suggest losses could be limited near the $42,000…
BlackRock’s iShares Bitcoin Trust ETF has hit a new all-time high in daily trading volume as the bellwether cryptocurrency posted one of its largest intraday drops on Thursday. Summary BlackRock’s IBIT set a new daily trading volume record near $10 billion on Feb. 5. Bitcoin dropped as much as 15% intraday as investors digested a…
BTC, ETH, BNB, and XRP prices continued their freefall on Friday, triggering over $2.5 billion in liquidations across leveraged markets. Summary Bitcoin, along with other major cryptocurrencies, fell by double digits as they mirrored weakness in tech stocks. Over $2.6 billion worth of positions have been liquidated across crypto leveraged markets. Market sentiment hit fear…
The crypto market is facing renewed pressure as prices and investor confidence continue to weaken. Summary The total crypto market cap has fallen from $4.38T to about $2.2T. Heavy liquidations and derivatives unwinds are driving pressure. Analysts warn that volatility may stay high in the near term. The total cryptocurrency market capitalization has fallen by…
