Month | Crypto

Bitcoin struggled to breach $70,000 this month, while inflation rates decreased in Japan and some countries reevaluated crypto tax codes. The taxman cometh. In February, the tax authorities of four countries began to reconsider how they tax crypto. In the US, the number of crypto ATMs hit nearly 40,000, returning to 2021 levels of interest in crypto kiosks. The number of installations had dipped significantly after the crypto crash of 2022. Japan’s inflation dipped below 2% in February, less than in the United States. Berkshire Hathaway CEO Warren Buffett said earlier this year that dollar investments were looking less attractive as the yen is providing a more stable currency. Read more

Bitcoin is trading about 20% below costs to mine as hashrate slides 12% from October highs, daily revenue craters, and a 14% difficulty cut looms on February 8. CryptoQuant's Bull Score Index has fallen to zero. The post Bitcoin Trades 20% Below Production Cost as Miner Profitability Drops to 14-Month Low appeared first on Cryptonews.

Activity on Solana has spiked as new AI tech makes it easier than ever to launch memecoins. Meanwhile, Ethereum is plugging away at future-proofing and bringing down fees. Activity on major altcoin networks, namely Solana and Ethereum, saw major milestones in January. Daily active addresses on Solana consistently topped 5 million in the second half of the month. Ethereum overtook major layer 2s in December in terms of daily active addresses after major upgrades to the network. In January, the network marked a 25% increase in daily active addresses amid efforts from developers to “future proof” Ethereum. Seven Bitcoin (BTC) miners in the US are in a critical storm zone and may need to temporarily scale back their mining activities as a winter storm rocked power grids and left thousands without electricity. Read more

Bitcoin spot ETFs have posted $817.9M in net outflows on Jan. 29 as BTC dipped to $81,200, breaking $84,000 support. BlackRock’s IBIT led redemptions, with FBTC and GBTC also down. Analysts cite tariff jitters, Fed pause, $1.8B liquidations, and a Fear and Greed reading of 16. Total inflows: $55.5B. The post Bitcoin ETFs Bleed $817M as BTC Crashes to 9-Month Low – Is the Worst Over? appeared first on Cryptonews.

The market is picking up after fears of an AI bubble, and here's one of the best cryptos under $0.01 to invest in right now. The post Cryptos Under $0.01: PEPENODE Could Be the Best Hidden Gem of the Month appeared first on Cryptonews.

Sequans has sold nearly 970 BTC to redeem half its convertible debt, trimming liabilities to $94.5M and lowering its debt-to-NAV ratio to 39%. The company has kept its Bitcoin strategy intact while moving to No. 33 among public BTC holders amid market softness. The post Sequans Dumps 970 BTC to Slash Debt as Bitcoin Price Hits 4-Month Low – Is This a Red Flag? appeared first on Cryptonews.

Raydium ($RAY) has maintained a breakout above $3.59 following strong volume, bullish technicals, and substantial protocol buybacks. With Solana’s DeFi activity increasing and upgrades ahead, the AMM’s liquidity depth and trading performance have reinforced its position despite active competition. The post Raydium ($RAY) Posts $40B Month; $5.7M Buybacks Tighten Supply – $5 Incoming? appeared first on Cryptonews.