Author: John Smith
The crypto market continued its recent crash today, Feb. 5, with Bitcoin falling below the key support at $70,000 and the valuation of all coins moving to $2.3 trillion from a record high of over $4.2 trillion. Summary The crypto market crash accelerated on Thursday, with Bitcoin moving below $70,000. Nouriel Roubini, a top economist, has warned of an impending crypto apocalypse. On the positive side, Bitcoin and most altcoins have become highly oversold. Roubini is ready for a crypto market apocalypse The Bitcoin (BTC) sell-off accelerated. And Nouriel Roubini, a top economist popularly known as “Dr. Doom,” expects the…
Binance’s price is approaching the $615 support zone as oversold conditions intensify, placing it at a critical technical inflection point. Summary $615 is a major confluence support combining the 0.618 Fibonacci, VWAP, and prior value area high Rejection at $932 confirms bearish structure, keeping pressure on price in the short term Oversold conditions raise bounce probability, but confirmation is needed for reversal Binance (BNB) price has entered a sharp corrective phase following its recent swing high, with bearish momentum accelerating across multiple timeframes. After failing to sustain upside continuation, price has rotated lower in an impulsive fashion, signaling a clear shift…
Ethereum co-founder Vitalik Buterin has sold a significant amount of his personal ETH holdings over the past several days. Summary Ethereum co-founder Vitalik Buterin has sold nearly 3,000 ETH worth about $6.6 million, according to on-chain data shared by Lookonchain, with sales reported to be ongoing. The transactions follow Buterin’s disclosure that he has set aside 16,384 ETH to fund long-term open-source and infrastructure projects, easing concerns of an abrupt sell-off. According to blockchain analytics shared by Lookonchain, Vitalik has offloaded 2,961.5 Ethereum (ETH), worth approximately $6.6 million, at an average price of around $2,228 per ETH. The selling is…
Coinbase has secured an early procedural win in its legal standoff with Nevada regulators, blocking an emergency effort to immediately shut down its prediction markets offering in the state. Summary Coinbase blocked Nevada regulators’ emergency bid to immediately halt its prediction markets, with a state court declining to grant a temporary restraining order. The exchange argues prediction markets fall under exclusive CFTC jurisdiction, not state gambling laws, a position reiterated by Coinbase CLO Paul Grewal. A Nevada court declined to grant the Nevada Gaming Control Board’s (NGCB) request for a temporary restraining order that would have forced Coinbase to halt…
Ethereum’s price crash leaves ETH stuck in a firm downtrend, with negative flows and weak momentum making a sustained reclaim of $3,000 in February increasingly unlikely. Summary Ethereum price trades near $2,111 after a steep drawdown, with four‑hour MACD and RSI signaling only a corrective bounce inside a broader downtrend. Daily CMF, DMI, and ADX confirm sustained capital outflows and strong trend strength, keeping February recovery odds toward $3,000 low. Analyst Leshka still sees a 3x–4x six‑month upside on fractal and supply‑squeeze signals, but only once the current de‑risking phase and drawdown fully exhaust. Ethereum’s (ETH) price and latest selloff…
XRP price is testing a critical demand zone near $1.45 as rising on-chain velocity and falling open interest hint at a decisive move ahead. Summary XRP trades near $1.44 after sharp weekly losses, with sellers still dictating short-term direction. On-chain velocity has surged to yearly highs, suggesting heavy re-positioning as price weakens. A firm hold above $1.45 could spark a short bounce, while a breakdown risks deeper losses. XRP was trading near $1.44 at press time, down about 10% over the past 24 hours, sliding to its lowest level since November 2024. The token has weakened across all major timeframes,…
Hyperliquid price is rallying against the market tide as institutional adoption and improving chart structure attract fresh buyers. Summary HYPE gained 6% even as Bitcoin dipped below $72,000 and most majors fell. Institutional integrations and token utility developments lifted sentiment. Technical structure shows a confirmed trend shift with momentum favoring buyers. Hyperliquid was trading around $34.96 at press time, up 6% in the past 24 hours, even as the crypto market sold off sharply. Bitcoin briefly slipped below $72,000, and most large-cap tokens traded lower. Hyperliquid (HYPE), however, has moved in the opposite direction. The token is up 1.5% over…
Ripple has made a new addition to its institutional trading platform as it adjusts its approach to decentralized markets. Summary Ripple Prime now supports trading on Hyperliquid’s decentralized derivatives network. Institutional clients can cross-margin DeFi positions with traditional assets. The move marks Ripple’s first direct entry into on-chain trading venues. Ripple’s institutional brokerage arm has added access to decentralized derivatives markets by integrating Hyperliquid into its Prime brokerage platform. The company announced the integration in a statement released on Feb. 4, framing it as a step to bridge traditional finance with decentralized trading. First institutional bridge to DeFi derivatives Ripple…
Peter Schiff, a longtime Bitcoin skeptic, piled on Strategy this week after the company slipped roughly $630 million underwater on its Bitcoin holdings, erasing about $47 billion in unrealized gains accumulated just four months ago as Bitcoin fell below Strategy’s $76,037 average cost basis. Summary Bitcoin’s February selloff pushed Strategy about $630 million underwater on its holdings, erasing roughly $47 billion in unrealized gains and giving longtime critic Peter Schiff fresh ammunition to attack the company’s Bitcoin-heavy strategy. Schiff argues Strategy’s aggressive buying helped drive Bitcoin’s rise—and that slowing purchases are now weighing on prices—while warning Bitcoin won’t bottom until…
IREN Ltd., once known for mining Bitcoin, is undergoing a dramatic reinvention as an AI infrastructure provider—a transformation that will face a critical test when the company reports second-quarter earnings on Thursday. Summary IREN has pivoted from Bitcoin mining to AI cloud infrastructure, repurposing its energy sites into data centers and securing a $9.7 billion partnership with Microsoft to support next-generation compute. Shares have sold off sharply ahead of Q2 earnings as investors focus on dilution risk. The upcoming earnings report has investors concerned over whether funding roughly 140,000 GPUs by year-end could require equity issuance. Formerly Iris Energy, IREN…