Bitcoin | Crypto

Bithumb says it has reclaimed most of the excess BTC credited during a promotional error and used company funds to cover 1,788 Bitcoin that had already been sold. South Korean cryptocurrency exchange Bithumb says it has resolved an incident in which a promotional reward error credited certain user accounts with excess Bitcoin. In a Sunday statement, the exchange confirmed it recovered 99.7% of the overpaid Bitcoin (BTC) on the same day the incident occurred. The remaining 0.3%, totaling 1,788 Bitcoin that had already been sold, was covered using company funds to ensure customer balances remained fully matched. “Bithumb's holdings of all virtual assets, including Bitcoin (BTC), are 100% equivalent to or exceeding user deposits,” the exchange wrote. Read more

The Bitcoin network's mining difficulty dropped by as much as 27% within a single adjustment period during China's 2021 crypto mining ban. Update (2-7-2026) This article has been updated to provide the latest projections for the next Bitcoin mining difficulty adjustment The Bitcoin network mining difficulty, a metric tracking the relative challenge of adding new blocks to the Bitcoin (BTC) ledger, fell by about 11.16% in the last 24 hours, the worst drop in a single adjustment period since China’s 2021 ban on crypto mining. Bitcoin mining difficulty is at 125.86 T and took effect at block 935,429, data from CoinWarz shows. The average block time is about 9.47 minutes, slightly under the 10-minute target. Read more

Bitcoin’s hard cap is easy to understand: there will only ever be 21 million coins. What's hard to understand is that the marginal market is allowed to trade far more than 21 million coins worth of exposure, because most of that exposure is synthetic and cash-settled, and it can be created or reduced in seconds. […] The post Binance trading data reveals why Bitcoin prices are sliding even as spot buyers flood the market with bids appeared first on CryptoSlate.

Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off. Bitcoin (BTC) experienced on of the biggest sell-offs over the past month, sliding more than 40% to reach a year-to-date low of $59,930 on Friday. It is now down over 50% from its October 2025 all-time high near $126,200. Key takeaways: Analysts are pointing to Hong Kong hedge funds and ETF-linked U.S. bank products as possible drivers of BTC’s crash. Read more

Trader Plan C recently surfaced a chart indicating a production-cost model placing Bitcoin's marginal mining expense at approximately $67,000, with historical price action showing repeated bounces off that red line. He added that “commodities rarely trade below their cost of production.” The hook is clean, the logic is intuitive, but the reality beneath Bitcoin's latest […] The post Bitcoin now at a price level it has always defended and the current $67,000 BTC mining cost matters appeared first on CryptoSlate.

Bitcoin market participants diverged on the short-term BTC price outlook, with warnings of new macro lows contrasting with $84,000 targets. Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next. Key points: Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come. Read more

Bitcoin ripped from $60,000 to above $70,000 in less than 24 hours, erasing most of a brutal 14% drawdown that had tested every bottom-calling thesis in the market. The speed of the reversal, 12% in a single session and 17% off the intraday low, was violent enough to feel like a capitulation resolved. Yet, the […] The post Bitcoin rocketed up 15% to get back above $70,000 but the options market is currently pricing in a terrifying new floor appeared first on CryptoSlate.

Bitcoin reaching a point where its price keeps rising even as the US Federal Reserve hikes interest rates would be "the endgame," according to crypto executive Jeff Park. Bitcoin’s next major catalyst may come from the common assumption being flipped on its head that interest rates are bullish for Bitcoin only when they fall, according to a crypto analyst. “I think we should expect that having more accommodative policies may in fact actually not be the catalyst to help us go into a bull market,” ProCap Financial chief investment officer Jeff Park said during an interview with Anthony Pompliano on Thursday. “We have to accept that reality and possibility,” Park said. Accomodative policies, such as lowering interest rates, are employed by the US Federal Reserve to stimulate economic growth, reduce unemployment, and increase liquidity. Bitcoiners often see these conditions as more favorable for riskier assets such as Bitcoin (BTC), as traditional investments like bonds and term deposits become less attractive. R...

A broad technology-sector selloff continues to pressure digital assets, briefly dragging Bitcoin down to $60,000 in the early hours of the morning (UTC).Despite the downturn, sentiment around U.S. crypto regulation is likely around the corner. Lawmakers remain caught between competing interests from the banking and digital asset sectors, but the possible advancement of the CLARITY […] The post Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin appeared first on Cryptonews.

A broad technology-sector selloff continues to pressure digital assets, briefly dragging Bitcoin down to $60,000 in the early hours of the morning (UTC).Despite the downturn, sentiment around U.S. crypto regulation is likely around the corner. Lawmakers remain caught between competing interests from the banking and digital asset sectors, but the possible advancement of the CLARITY […] The post Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin appeared first on Cryptonews.

Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse. BTC had recovered to $69,800 as of press time, according to CryptoSlate data. Still, Glassnode data helped frame the extent to which the price had slipped relative to widely […] The post Bitcoin whales are dumping massive amounts of supply on exchanges as liquidations mirror the 2022 FTX market collapse appeared first on CryptoSlate.

Bitcoin price soared back above $71,000, but BTC options data shows pro traders are still extremely cautious about the sustainability of the rebound rally. Is the sell-off really over? 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. Read more

Crypto’s downturn is rippling through treasuries, ETFs and mining infrastructure, exposing how digital asset volatility reshapes balance sheets and operations. Crypto’s latest sell-off isn’t just a price story. It’s showing up on balance sheets, inside spot exchange-traded funds (ETFs) and even in how infrastructure gets used when markets turn. This week, Ether’s (ETH) slide is leaving treasury-heavy companies nursing massive paper losses, while Bitcoin (BTC) ETFs are giving a new wave of investors their first real taste of downside volatility.  At the same time, extreme weather is reminding miners that hash rate still depends on power grids, and a former crypto miner-turned-AI darling shows how yesterday’s mining infrastructure has quietly become today’s AI backbone. Read more

The South Korean exchange said an internal error during a promotional event led to brief price dislocations, stressing that no customer assets were lost. Bithumb said it identified and corrected an internal payout error after an “abnormal amount” of Bitcoin was credited to some user accounts during a promotional event, briefly causing sharp price fluctuations on the exchange. In a company announcement on Friday, the South Korean crypto exchange said the price dislocation occurred after some recipients sold the mistakenly credited Bitcoin, but that it quickly restricted the affected accounts through internal controls, allowing market prices to stabilize within minutes and preventing any chain liquidations. Bithumb said the incident was unrelated to any hacking or security breach and did not result in losses to customer assets, adding that trading, deposits and withdrawals are operating normally. The company said that customer funds remain safely managed and that it will transparently disclose follow-up actions...

Bitcoin dipped toward $60,000 after liquidations across crypto derivatives markets reached $2.56 billion, the 10th-largest daily total on record. 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 briefly dipped to $60,074 on Friday before recovering above $64,930 as of 7:49 a.m. UTC. Warsh — who previously served as a Fed governor from 2006 to 2011 — is expected to continue the interest rate cut trajectory. His nomination may also signal that broader market liquidity is expected to “stabilize rather than meaningfully expand,” Thomas Perfumo, economist at crypto exchange Kraken, told Cointelegraph. Read more

In a video interview, Samson Mow shares his views on Bitcoin's latest bloodbath, quantum fears and the catalysts that could drive Bitcoin’s next recovery. In an exclusive Cointelegraph interview, Bitcoin OG Samson Mow shares his perspective on Bitcoin’s latest massive crash, what’s driving the sell-offs and why a rebound could be closer than most expect. We discuss gold and silver’s rally, forced liquidations, the “quantum threat” to crypto, and examine the long-term Bitcoin thesis: Is Bitcoin truly designed to rise in price due to fiat devaluation, or is that a flawed narrative? After months of relentless selling pressure, sharp liquidations and growing bearish sentiment, many investors are asking the same question: Why does Bitcoin keep falling despite strong fundamentals, and when could it finally recover? Read more

The error was quickly corrected, but not before Bithumb users sold off billions in Bitcoin, temporarily crashing its listed price.

Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. However, the capital surge will involve more than buying […] The post Bitcoin miners have the one thing AI still needs and Big Tech has $500 billion to buy it appeared first on CryptoSlate.

Bitwise’s Head of Europe argues that gold offers a cushion when markets fall, while Bitcoin boosts portfolios during rebounds.

Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next. Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. Read more