Bitcoin printed its fourth red monthly candle in a row as BTC price dropped below $80,000, with traders dismissing the bull market returning. Bitcoin (BTC) fought to avoid a fresh price dive at Monday’s Wall Street open as traders increasingly gave up on the bull market. Key points: Many Bitcoin market commentators no longer see the return of the bull market. Read more
Warsh’s nomination as the new Fed chair has ignited US liquidity drought concerns, but his interest rate policy may hold the silver lining for risk asset recovery, according to market analysts. US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the US central bank, a move that has sent mixed signals for cryptocurrency markets and US dollar liquidity, according to market analysts. Trump nominated Bitcoin-friendly Warsh on Friday, and he is set to replace Jerome Powell when his term ends in May, assuming the Senate approves him. Warsh's nomination could mean the Fed will continue its interest rate cut trajectory. But according to Thomas Perfumo, a global economist at cryptocurrency exchange Kraken, it also signals that broader market liquidity is expected to “stabilize rather than meaningfully expand.” Read more
Binance kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC. Crypto exchange Binance bought its first 1,315 Bitcoin as part of its conversion plan for the Secure Asset Fund for Users (SAFU). The Bitcoin (BTC), worth $101 million, was bought for an average price of $77,409.89 per coin, according to data from Blockchain.com. Binance said it expects to shift the rest of SAFU’s $1B from stablecoins to Bitcoin within the next 27 days. A Binance spokesperson told Cointelegraph on Friday that the SAFU fund will continue to be used as a backstop for users in the event of extreme incidents or losses. Read more
Bitcoin price action headed toward the 2021 bull market highs as crypto traders warned over a future sub-$50,000 BTC price bottom. Bitcoin (BTC) started the first week of February near 16-month lows, with traders expecting further downside. BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024. RSI values form the main basis for expecting a market rebound. Read more
Bitcoin bets on Polymarket show elevated downside risk in 2026 as analysts point to bearish trends and tight US liquidity conditions. Prediction markets have turned more bearish on Bitcoin after a weekend sell-off briefly pushed prices below $75,000 on Monday. On Polymarket, the odds of Bitcoin (BTC) falling below $65,000 in 2026 climbed to 72% on Monday, with almost $1 million in volume. Other large wagers included bets on BTC dropping below $55,000 and reclaiming $100,000 by year-end, with implied probabilities of 61% and 54%, respectively. Read more
New CryptoQuant data shows how January’s US winter storm disrupted Bitcoin mining as operators curtailed power use amid grid stress. New data is providing a clearer picture of how January’s US winter storm affected Bitcoin mining operations, showing that daily production among publicly traded miners dropped sharply during the disruption. The storm swept across large parts of the continental United States, prompting miners to curtail operations amid grid stress, snow, ice and extreme cold, and highlighting how closely mining activity is now tied to energy market conditions. Daily production among publicly traded miners tracked by CryptoQuant typically averaged between 70 and 90 Bitcoin (BTC) in the weeks leading up to the storm, before falling to roughly 30 to 40 BTC per day at the height of the disruption, according to data shared by CryptoQuant head of research Julio Moreno. Read more
Based on dollar-weighted flows, aggregate returns for investors in BlackRock’s iShares Bitcoin Trust have turned negative following Bitcoin’s recent sell-off. Bitcoin’s sharp decline over the weekend has likely pushed the aggregate investor position in the largest spot Bitcoin exchange-traded fund (ETF) into negative territory, underscoring the severity of the recent downturn. According to Bob Elliott, chief investment officer at asset manager Unlimited Funds, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now underwater following Friday’s close. The shift coincided with a steep drop in Bitcoin’s (BTC) price, which slid into the mid-$70,000 range. Elliott shared a chart tracking aggregate, dollar-weighted investor returns, showing cumulative gains slipping slightly into negative territory as of late January. Read more
Bitcoin bear market history was "repeating," said BTC price analysis after key support failed and realized price flipped to new resistance. Bitcoin (BTC) gained sub-$50,000 ahead of Sunday’s weekly close as bulls failed to recover from ten-month lows. Key points: BTC price targets stay bearish as Bitcoin bulls lick their wounds at ten-month lows. Read more