Category : Bitcoinist

Bitcoinist

BlackRock’s IBIT Draws In $231M As Bitcoin ETFs Close Week Positively — Details

After a chaotic week for the cryptocurrency market, the US-based Bitcoin ETFs (exchange-traded funds) saw significant capital inflows on Friday, February 6. As the flagship cryptocurrency and the rest of the market suffered huge declines, the BTC-lin...

Bitcoin Is Back In The Spotlight As Online Searches Surge

Bitcoin has popped back into public view this week as people flock to search engines to check prices and news. Reports say global Google searches for the word “Bitcoin” climbed to the highest level seen in about a year, a jump that lines up with a st...

Why This Bitcoin Bear Market Is Among The Worst Ever: CryptoQuant Researcher

The price of Bitcoin is nearly 45% away from its all-time high of $126,080, reflecting a worsening market climate over the past few months. One of the indicators that confirmed the emergence of the bear market was the breach of the 365-day moving ave...

CFTC Updates Payment Stablecoin Criteria To Recognize National Trust Banks – Details

The US Commodity Futures Trading Commission (CFTC) has amended a recent staff advisory to recognize payment stablecoins issued by national trust banks as eligible margin collateral. This move forms part of a broader regulatory initiative by the Commi...

Bitcoin Mining Difficulty Falls By 11% In Largest Drop Since China’s Ban – Details

Recent data shows that the Bitcoin mining difficulty has experienced a major decline in the last day. This development follows significant bearish price struggles in the past week, which saw Bitcoin fall by an aggregate 11%. Bitcoin Mining Difficul...

Expert Says If You Hold XRP, Pay Attention To These Things

Crypto expert Cypress has highlighted developments that XRP holders should be paying attention to. The expert alluded to Ripple’s roadmap for institutional DeFi on the XRP Ledger (XRPL), with the firm noting that XRP is at the core of all these plans...

Is XRP Poised To Replace SWIFT As Global Payments Infrastructure?

For decades, SWIFT has served as the backbone of global payments, enabling banks to message one another across borders but not to settle value in real time. As global commerce becomes faster, more digital, and more interconnected, the limitations of...

Ethereum Price Slips Below Whale Cost Basis — More Pain For Bulls?

In line with its bearish market structure, the Ethereum price struggled significantly in the first week of February. The cryptocurrency’s value fell by more than 30% over the week, crashing to as low as $1,850 on Friday, February 6. Amid the Et...

Tether Joins Turkey’s Fight Against Illegal Betting In $544M Crypto Case

Tether found itself at the center of two big stories this week, one legal and one market-driven, each showing a different side of how stablecoins shape crypto activity. One story involves a law enforcement request that led to a large freeze of asset...

Bitcoin Price Unlikely To See A 77% Drawdown Again – Bitwise CIO

The Bitcoin price has been on one of its worst runs in recent years, falling by double digits over the past week. While the premier cryptocurrency seems to be recovering well over the past day, the single-day 14% correction — on Thursday, February 5...

Bitcoin Remains Under Pressure — On-Chain Data Reveals Why

Over the past week, Bitcoin has been experiencing an intense movement as prices slid sharply from around $84,000 to around $60,000, representing one of the largest weekly declines in the present market. Currently, based on live market data, Bitcoin’s...

Crypto Traders In Vietnam Face New 0.1% Levy As Tax Rules Tighten

Vietnam’s crypto scene is about to face a new tax check. Reports say the Ministry of Finance has floated a draft that would charge a 0.1% levy on each crypto trade or transfer that passes through licensed platforms. The move treats crypto transactio...

Bithumb Issues Statement Over Reward Payment Error – Details

Korean exchange Bithumb has cleared the air over an internal error that credited certain user wallets with a “concerning” amount of BTC. Notably, this mishap resulted in significant price volatility on the exchange, drawing attention from observing c...

Bitcoin Miners Set To See Major Relief: 13% Difficulty Ease Coming

The Bitcoin mining Difficulty is set to see a significant reduction on Saturday, owing to the Hashrate disruption caused by the US snow storm. Bitcoin Difficulty Is Estimated To Go Down 13% During The Next Adjustment The Bitcoin “DifficultyR...

Russia’s Largest Bank To Offer Crypto-Backed Loans For Corporate Clients – Report

As Russia moves to establish a comprehensive digital assets framework this year, the country’s largest bank is reportedly planning to issue crypto-backed loans to corporate clients following a successful pilot conducted in December. Sberbank Ready T...

Ethereum Faces Liquidation Zones: Large Holders Cluster Risk Levels Between $1,700 And $1,000

Ethereum has slipped below the critical $2,000 level, reinforcing a broader bearish market structure as selling pressure intensifies across the crypto sector. The breakdown comes amid weakening macro sentiment, persistent outflows from risk assets, a...

Bitcoin Whale Inflows To Binance Hit Highest Level Since 2022: Distribution Or Repositioning?

Bitcoin is struggling to stabilize around the $65K level as persistent selling pressure continues to weigh on market sentiment. The recent decline has reinforced uncertainty among investors, with volatility increasing and liquidity conditions tighten...

Metaplanet Pushes Ahead With Bitcoin Buying Amid Market Gloom

Metaplanet is pressing ahead with its plan to buy more Bitcoin even as the broader crypto market turns sour. Reports say the Tokyo-listed firm is keeping its target goals and moving to raise cash to support further purchases, a bet that has left the...

Ethereum Free Fall Accelerates as Fidelity’s FETH Leads ETF Outflows and Key Support Levels Crack

Ethereum’s (ETH) latest downturn below $2,000 is no longer confined to price charts alone. Capital flows, on-chain data, and technical structure are now aligning with the bearish momentum, supporting concerns that the selloff may have further room to...

Bitcoin’s Biggest Holders Pull Back, Control 68% Of Supply

Reports show a big reshuffle in Bitcoin holdings as price swings spooked some big wallets and invited smaller players back into the market. According to Santiment, wallets holding between 10 and 10,000 BTC — the so-called “whale and shark” cohort —...

Mining Stocks And Asian Markets Hit As Bitcoin Tumbles Under $65K

Bitcoin’s (BTC) slide below the $65,000 mark this week has rippled far beyond the crypto market, dragging down mining stocks and weighing on Asian equities already under pressure from a global tech sell-off. The world’s largest cryptocurrency briefl...

The Massive Bitcoin Head & Shoulder Pattern That Could Point To The Next Big Trend

Bitcoin (BTC) has just formed a textbook inverse Head & Shoulders pattern, signaling the beginning of a potential shift in its market structure. Despite the broader market selloff that pushed the cryptocurrency below $70,000, a crypto analyst sug...

Ethereum Sees Aggressive Capitulation From Whales And Sharks, The Downtrend To Continue?

Ethereum’s price just lost the key support at the $2,000 mark after several weeks of steady downside pressure observed across the crypto market. While the price continues to decline, on-chain data attributes the drop to the ongoing substantial sellin...

US Treasury Sec To Wall Street: If You Hate Crypto Rules, El Salvador Is Waiting

Treasury Secretary Scott Bessent put a spotlight on the growing rift between regulators and parts of the crypto industry this week, telling lawmakers that those who resist clear rules “should move to El Salvador.” The line landed hard during a Senat...

Analysts Warn Bitcoin May Face Further Downside After Major Sell‑Off

Bitcoin (BTC) has staged a modest rebound after suffering a sharp sell‑off over recent days, but market analysts warn that the underlying pressures driving the decline remain firmly in place. The world’s largest cryptocurrency plummeted moment...

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