Bitcoin | Crypto

Panic selling by short-term holders, extreme fear, and oversold RSI suggested that BTC could be nearing the final phase of capitulation. Bitcoin (BTC) sellers resumed their activity on Thursday as the BTC price dropped below $69,000, the lowest since Nov. 6, 2024. Analysts said that Bitcoin showed signs of “full capitulation” and a potential bottom forming, due to extreme market fear, panic selling by short-term holders and the relative strength index (RSI). Key takeaways: Read more

Bitcoin has slid to a 15-month low after breaking $70,000 support as markets have repriced the liquidity outlook following President Trump’s nomination of Kevin Warsh as Federal Reserve chair. Traders have focused on Warsh’s push for balance-sheet reduction as gold has hit records. The post Bitcoin’s $70,000 Support Shatters as ‘Warsh Shock’ Triggers Massive Liquidity Exodus appeared first on Cryptonews.

Bitcoin is plummeting toward a dangerous $56,100 price floor as massive ETF outflows signal a demand crisis At some point every cycle has the same moment, the one where the story stops being about charts and starts being about cash. You can see it in the way traders talk, the jokes dry up, the group […] The post Markets plunge as Bitcoin and silver just triggered a global margin call after inflation warnings made a recovery look impossible appeared first on CryptoSlate.

Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing, when Senator Brad Sherman asked whether the Treasury could intervene to support cryptocurrency prices. Bessent's answer was direct: he cannot use taxpayer dollars to buy Bitcoin, and the question falls outside his […] The post Bitcoin faces a brutal irony as the Treasury refuses to save BTC from its own political success appeared first on CryptoSlate.

Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend. Bitcoin (BTC) price dropped by more than 22.5% in the past week to $69,000 on Thursday, wiping out 15 months of gains entirely. However, the downtrend may not be over, according to veteran trader Peter Brandt. Key takeaways: Brandt says “campaign selling” is pressuring BTC, with miners and ETFs also cutting exposure. Read more

Bitcoin is back in that familiar place where the chart looks ugly, the timeline feels loud, and everyone is trying to guess whether the next move is the one that finally breaks the mood. Today, Bitcoin fell below $70,000 for the first time in well over a year. Historically, that price still looks strong, especially […] The post Bitcoin in critical warning zone threatening a 42% drop before the new bull run can start appeared first on CryptoSlate.

A $1 million Lightning transfer between SDM and Kraken was used to test whether Bitcoin’s main scaling layer could handle seven‑figure, institutional‑grade payments. Institutional trading and lending desk Secure Digital Markets (SDM) said it sent a $1 million payment to cryptocurrency exchange Kraken over the Lightning Network on Jan. 28. SDM claimed in a Thursday statement shared with Cointelegraph that it is the largest publicly reported Lightning transaction to date and a proof‑of‑concept for seven‑figure transfers between regulated counterparties. The payment cleared in 0.43 seconds and was routed via Voltage’s managed Lightning infrastructure, which provides node management, pre‑provisioned liquidity, and uptime guarantees aimed at exchanges and trading desks.  Read more

Bitcoin retreated below the closely watched $70,000 threshold, leading a broad selloff in digital assets that has erased over $1 billion in trading positions. According to CryptoSlate's data, the world’s largest cryptocurrency fell to lows not seen since the November 2024 election, dragging the wider market into the red. Ethereum slid 7% to around $2065, […] The post Bitcoin sinks below the $70,000 critical support but XRP is hit hardest appeared first on CryptoSlate.

Bitcoin’s latest drawdown is forcing a critical stress test on the “treasury company” trade. Over the past months, the model appeared simple, requiring companies to sell stock or low-cost convertible notes, buy Bitcoin, and rely on rising prices and a persistent equity premium to cover the remainder. However, with Bitcoin sliding towards $70,000, which is […] The post Bitcoin’s slides to $70,000 triggering structural crisis that could make FTX collapse look like child’s play appeared first on CryptoSlate.

Bitcoin selling pressure sparked a retreat below the 2021 bull market high, with lower BTC price targets still expected to be hit. Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over. Key points: Bitcoin tumbles below 2021 highs for the first time since November 2024. Read more

Bhutan has slipped to the seventh-largest nation-state Bitcoin holder, with its stash falling from 13,295 BTC in October 2024 to 5,700 BTC. Bhutan has offloaded another $22 million in Bitcoin mined through its state-owned mining venture, with the sale coming amid crypto price declines and challenging mining conditions. Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth $8.3 million last Friday.  The $22.3 million worth of transfers were sent to crypto market maker QCP Capital, Arkham said. Transferring assets to market makers often signals a sale, as they help convert those assets into liquid markets. Read more

Futures traders drastically reduced their activity as Bitcoin’s weakness extends and new year-to-date lows become a daily occurrence. Cointelegraph reviews traders’ BTC price expectations. Bitcoin’s (BTC) struggle to hold above $70,000 carried into Wednesday, raising concerns that the a drop into the $60,000 range could be the next stop. The sell-off was accompanied by futures market liquidations, a $55 billion drop in BTC open interest (OI) over the past 30 days, and rising Bitcoin inflows to exchanges. The price weakness has analysts debating whether crypto-specific factors or larger macro-economic issues are the driving factor behind the sell-off and what it may mean for BTC’s short-term future. Key takeaways:  Read more

Julio Moreno, head of research at CryptoQuant, recently declared that Bitcoin is in a bear market that could extend through the third quarter of 2026. He's not alone. Matt Hougan at Bitwise and a growing chorus of institutional voices are using the “bear” label more freely than at any point since early 2023. Yet the […] The post Bitcoin bear market ends when 3 signals flip, and one is already starting to twitch appeared first on CryptoSlate.

The comments came during Bessent's Congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman. United States Treasury Secretary Scott Bessent testified before Congress on Wednesday and reiterated that the US will retain Bitcoin (BTC) acquired through asset seizures but will not direct private banks to purchase more BTC in the event of a market downturn. California Congressman Brad Sherman, a major critic of Bitcoin and cryptocurrencies, asked Bessent: “Does the Treasury Department or the various components of the Federal Open Market Committee have the authority to bail out Bitcoin?” Sherman then asked Bessent if he plans to direct private banks to acquire more BTC or “Trump Coin,” a reference to memecoins connected to US President Donald Trump, through changing banking reserve requirements to allow them to buy more. Bessent said: Read more

Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus. Bitcoin (BTC) saw a second dip below $73,000 after Wednesday’s Wall Street open as US sellers returned. Key points: Bitcoin falls further into territory not seen since late 2024, dropping under Tuesday’s prior low. Read more

Bitcoin is approaching its 200-week moving averages, a long-term support zone traders say could help define a potential BTC price floor. Bitcoin (BTC) traders see its ultimate support trendline coming into play as part of a new macro BTC price bottom. Key points: Bitcoin is nearing a long-term trendline retest for the first time since late 2023. Read more

Bitcoin’s rebound masks weak technicals and onchain signals that point to continued downside risk, with miners and exchange flows reinforcing the bearish trend. Bitcoin (BTC) traded as high as $76,900 on Wednesday, up 4.5% above its 15-month low of $72,860, reached on Tuesday. However, there are increasing signs that Bitcoin’s price could experience a deeper correction over the following weeks or months. Key takeaways: Bitcoin confirms bearish technical patterns on multiple time frames, risking a deeper correction toward $60,000. Read more

While price action has always been volatile and, arguably, exciting, the Bitcoin network itself is built to feel boring. Ten minutes per block, tick tock, rinse and repeat, a metronome you can set your watch to. Then every so often, it gets very human again. Early this morning, block production slowed enough that the average […] The post Bitcoin mining profit crisis hits as difficulty to drop by 14% this weekend while block time spikes to 20 minutes appeared first on CryptoSlate.

The firm addressed speculation that a multibillion-dollar client trade was motivated by concerns over Bitcoin’s resistance to future quantum computing advances. Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call. Following the company’s earnings call, crypto community members pointed to a $9 billion Bitcoin (BTC) sale by one of Galaxy’s wealthy customers who was ”fairly concerned about BTC quantum resistance.” Alex Thorn, Galaxy's head of research, said in a Tuesday X post that the $9 billion trade executed on behalf of its client was not due to Bitcoin-related quantum computing concerns. Read more

US spot Bitcoin exchange-traded funds recorded $561.8 million in net inflows on Feb. 2, ending a four-day streak of nearly $1.5 billion in outflows. Investors could interpret the number as a return of conviction after punishing outflows, but Jamie Coutts, chief crypto analyst at Real Vision, offered a different read. According to him: “Aggregate ETF […] The post Bitcoin has ended its $1.5B outflow streak, yet the trade driving inflows could vanish under pressure appeared first on CryptoSlate.