Bitcoin Reclaims $71K, But How Long Will It Hold?

Key takeaways: Bitcoin’s derivatives signal caution, with the options skew hitting 20% as traders fear another wave of fund liquidations. Bitcoin price recovered some of its Thursday losses, but it still struggles to match the gains of gold or tech stocks amid low leverage demand. Bitcoin (BTC) has gained 17% since the $60,150 low on…

Galaxy Digital shares jump 18% after company approves $200 million buyback

Shares of Galaxy Digital (GLXY) jumped 18% to $19.90 on Friday after the company approved a share repurchase program of up to $200 million, giving it authority to buy back its Class A common stock over the next 12 months. The buybacks may be executed through the open market, privately negotiated transactions or other methods,…

Bitcoin Dips to $60k, TRM Labs Reaches Crypto Unicorn Status

Cryptocurrency markets experienced a brutal sell-off this week as investor concerns grew over stagnating US liquidity following US President Donald Trump’s nomination of Kevin Warsh to lead the Federal Reserve. Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of outflows, with $431 million exiting on Thursday, according to data from Farside Investors. Bitcoin’s (BTC) price…

PBOC Officially Bans ‘Unapproved’ Yuan-Pegged Stablecoins

The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs). The ban applies to both domestic and foreign stablecoin and tokenized RWA issuers, according to the statement, which was also signed by…

Ether’s Technicals and Onchain Data Signals ETH Could Slip below $1.4K

Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period. Analysts are now focusing on the long-term technical zones and onchain indicators that may…

Ether’s Technicals and Onchain Data Signals ETH Could Slip below $1.4K

Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period. Analysts are now focusing on the long-term technical zones and onchain indicators that may…

Price predictions 2/6: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce? Source link

NFT Market Cap Returns to Pre-Hype Levels Near $1.5B

The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021.  The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko data shows. On Jan. 23, total crypto market capitalization stood at about $3.1 trillion,…

Ether’s Technicals and Onchain Data Signals ETH Could Slip below $1.4K

Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period. Analysts are now focusing on the long-term technical zones and onchain indicators that may…

Crypto PACs Stack Millions Ahead of Midterms

Political action committees (PACs) representing the interests of the crypto industry have already secured millions of dollars in funding as the US heads toward its midterm elections. Super PACs are the uber-rich, no-limits, non-disclosure counterparts to crypto PACs. Last year, the industry spent at least $245 million in campaign contributions alone. The main super PAC…