Bitcoin | Crypto

Bitcoin analysis warned the $69,000 mark may end up as long-term resistance again, thanks to its significance in BTC price history. Bitcoin (BTC) hit new week-to-date lows on Wednesday as $66,500 came into focus. Key points: Bitcoin is trading in a key historical zone, but buyer pressure is too weak to break resistance. Read more

New Grayscale research shows Bitcoin’s price behavior is increasingly tied to equities, particularly software stocks, challenging its long-held safe-haven narrative in the short term. Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale. Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise. “Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote, pointing to record rallies in bullion and silver prices. Read more

Bitcoin’s sharp selloff last week appears to have triggered one of the largest buy-the-dip episodes of this market cycle. Data tracking accumulator addresses showed a record surge of coins moving into wallets associated with long-term holding behavior, even as flows through exchange-traded fund (ETF) products stayed net negative. The timing mattered. The inflow landed right […] The post Bitcoin whales just moved $4.7B dollars into cold storage while regular investors are busy panic selling the dip appeared first on CryptoSlate.

Bitcoin sparked mass long and short BTC liquidations while staying rangebound around $70,000 as analysis predicted a local support retest. Bitcoin (BTC) eyed multiday lows into Tuesday’s Wall Street open as analysis warned that bears were trying to “regain control.” Key points: Bitcoin is setting up a support retest at the bottom of its local range, says analysis. Read more

Analysts are split on whether the drop represents a cycle low or a pause before further downside. Bitcoin’s sharp correction at the start of the month may represent a critical “halfway point” in the current bear market, according to Kaiko Research. Bitcoin (BTC) fell to $59,930 on Friday, marking its lowest level since October 2024, before the re-election of US President Donald Trump, according to TradingView data.  The decline suggests the market has moved out of the euphoric post-halving phase and into what Kaiko described as a historically typical bear market period that lasts about 12 months before a new accumulation phase begins. Read more

Bitcoin mining stress deepened as difficulty fell 14% and Puell dipped below 0.8, even as Cango sold $305M in BTC.

Bitcoin has a habit of turning certain numbers into places. A number becomes a shared memory, a public square where enough humans stare at the same line long enough that it starts to feel real. For the last few days, that place has been $71,500. Two days ago, I published a piece saying Bitcoin needed […] The post Bitcoin failing 7 times to break $71,500 is much more ominous than boring ‘sideways action’ appeared first on CryptoSlate.

South Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls. South Korea’s financial watchdog opened an investigation into Bithumb after the exchange mistakenly credited hundreds of thousands of Bitcoin that it did not actually hold to user accounts. The Financial Supervisory Service (FSS) launched a probe into Bithumb for alleged platform violations around the erroneous crediting of billions of dollars in non-existent Bitcoin (BTC) to user accounts, Yonhap News reported Tuesday. Bithumb acknowledged the incident on Saturday, saying the platform “incorrectly paid” 620,000 BTC ($42.8 billion) to users during a promotional event. Read more

Bitcoin’s Fear & Greed sentiment indicator fell to its lowest ever level, leading some analysts to suggest that $60,000 was the bottom for BTC. Does historical data agree? Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows. Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower. Key takeaways: Read more

A protracted selloff across crypto has pulled Bitcoin down to the sub-$70,000 level today, but there are signs that the industry is rearranging itself for the next explosive bull run.One of the first targets in the industry’s crosshairs is the US Clarity Act, a piece of legislation that will establish clear guidelines for US crypto […] The post Best Crypto to Buy Now February 9 – XRP, Bitcoin, Ethereum appeared first on Cryptonews.

Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may signal that the market has bottomed. Bitcoin (BTC) is trading above $70,000 as traders attempt to stabilize price action following the sharp sell-off last Friday, which briefly pushed BTC below $60,000 and erased nearly $10,000 in a single session. Onchain data shows long-term holders (LTHs) reduced exposure at the fastest pace since December 2024, but the total supply held by long-term investors continued to rise in 2026, a divergence that may indicate traders repositioning and what may prove to be discounted Bitcoin. Key takeaways: Read more

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Questions raised after Bithumb intern sent 15X more “phantom” Bitcoin to users than it held. Plus, did a Hong Kong fund blow up? Asia Express

Bitcoin price more than doubled the last time Tether's crypto market dominance topped out, a signal that is flashing again in 2026. Bitcoin (BTC) may form a bottom in the coming weeks as Tether’s USDt (USDT) dominance retests a key resistance level that preceded BTC’s 2022 cycle low. As of February, Tether dominance reached the 8.50%–9.00% range (the red area in the chart below), revisiting a historically significant zone that previously aligned with Bitcoin’s bear market lows. When USDt’s market share rises, it usually means traders are playing it safe and parking money in stablecoins instead of riskier coins like Bitcoin. Likewise, a rotation back into crypto usually aligns with USDt dominance falling. Read more

The research analysts pointed to tight liquidity and macro pressure as drivers of the decline, while noting that spot Bitcoin ETFs have seen relatively modest outflows. Bernstein analysts on Monday maintained their $150,000 target for Bitcoin (BTC) despite the recent sell-off that they said was being driven by lacking investor confidence rather than structural stress. Calling the pullback the “weakest bear case” in the asset’s history, the analysts’ note to investors said no major failures have emerged across Bitcoin’s market plumbing, and pointed to relatively modest 7% net outflows from spot Bitcoin ETFs even as BTC price dropped by about 50%. “The current Bitcoin price action is a mere crisis of confidence. Nothing broke, no skeletons will show up,” analysts led by Gautam Chhugani said. Read more

Bitcoin saw the first brief period of positive Coinbase Premium since mid-January as BTC price action stabilized near $70,000. Bitcoin (BTC) saw stability after Monday’s Wall Street open as gold eyed new February highs. Key points: Bitcoin price forecasts expect BTC to bounce between Fibonacci levels after major volatility. Read more

If you hold either US dollars or Bitcoin, then you're a little poorer this morning than when you went to bed last night. It doesn't matter whether there's cash in your pocket or sats in your wallet; both have less purchasing power today than they did yesterday. That's because Bitcoin is down, the dollar is […] The post Your US dollar is worth 89 cents today for the same reason Bitcoin traders are actually still winning appeared first on CryptoSlate.

The sale shows how Bitcoin miners are reshaping strategies as mining economics continue to deteriorate. Bitcoin miner Cango has sold 4,451 Bitcoin on the open market, generating net proceeds of about $305 million it says were used to partially repay a Bitcoin‑collateralized loan and to strengthen its balance sheet.  The company said Monday that the transaction, approved by its board after a review of “current market conditions,” is intended to reduce financial leverage and provide additional capacity to fund its planned expansion into artificial intelligence (AI) and high‑performance computing (HPC) infrastructure. Cango said that the “strategic pivot” meant utilizing its “globally accessed, grid-connected infrastructure” to provide distributed compute capacity for the AI industry, and that the initiative would be implemented through a phased roadmap. Read more

Michael Saylor’s Strategy missed Bitcoin’s brief drop to $60,000 last week, purchasing $90 million worth of BTC at an average price near $78,800. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another tranche of BTC last week, expanding its holdings without pushing its overall cost basis lower. Strategy acquired 1,142 Bitcoin (BTC) for $90 million last week, according to a US Securities and Exchange Commission filing on Monday. The acquisitions were made at an average price of $78,815 per BTC despite Bitcoin trading below that level for most of the week and briefly touching $60,000 on Coinbase last Thursday. Read more