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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
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
Tether claims it has helped law enforcement in over 1,800 cases across 62 countries, freezing $3.4 billion in USDT tied to suspected illicit activity. Tether has frozen more than half a billion dollars in cryptocurrency at the request of Turkish authorities, blocking funds tied to an alleged illegal online betting and money-laundering operation. Last week, prosecutors in Istanbul announced the seizure of approximately €460 million ($544 million) in assets belonging to Veysel Sahin, accused of operating unlawful betting platforms and laundering proceeds. Officials initially declined to identify the crypto firm involved, but the company was Tether Holdings SA, the issuer of the $185 billion USDt (USDT) stablecoin, CEO Paolo Ardoino told Bloomberg. “Law enforcement came to us, they provided some information, we looked at the information and we acted in respect of the laws of the country,” Ardoino reportedly said. “And that’s what we do when we work with the DOJ, when we work with the FBI, you name it,” he added....
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
Vietnam’s Finance Ministry proposes a 0.1% tax on crypto transfers, 20% corporate tax on profits and tough licensing standards for digital asset exchanges. Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that would align digital assets with securities trading, according to a draft policy circulated by the Ministry of Finance. Under the proposal, individuals transferring crypto assets through licensed service providers would face a 0.1% personal income tax on the value of each transaction, local outlet The Hanoi Times reported. The structure mirrors the levy currently applied to stock trades in the country. According to the report, the draft circular, released for public consultation, classifies crypto transfers and trading as exempt from value-added tax. However, the turnover-based tax would apply to investors regardless of residency status whenever a transfer is executed. Read more
BlackRock’s Bitcoin ETF posted inflows on Friday following a turbulent week for Bitcoin, marking only its 11th day of net inflows in 2026. BlackRock’s spot Bitcoin exchange-traded fund (ETF) saw $231.6 million in inflows on Friday, following two days of heavy outflows during a turbulent week for Bitcoin. The iShares Bitcoin (BTC) Trust ETF (IBIT) saw $548.7 million in total outflows on Wednesday and Thursday as crypto market sentiment declined to record-low levels, with Bitcoin’s price briefly dropping to $60,000 on Thursday, according to Farside. Preliminary Farside data show inflows across nine US-based spot Bitcoin ETF products totaling $330.7 million, following three days of collective outflows totaling $1.25 billion. Read more
Erebor doubled its valuation to $4 billion after a $350 million Lux Capital-led funding round late last year. The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank. The Office of the Comptroller of the Currency (OCC) confirmed the approval on Friday, allowing the lender to operate nationwide, the Wall Street Journal reported, citing people familiar with the matter. The institution launches with about $635 million in capital and aims to serve startups, venture-backed companies and high-net-worth clients, a segment left underserved after the 2023 collapse of Silicon Valley Bank. Read more
The surge in Google search activity for "Bitcoin" led Bitwise’s head of Europe, André Dragosch, to claim that “retail is coming back.” Google search volume for the term “Bitcoin” surged over the past week as the asset’s price briefly fell to the $60,000 level for the first time since October 2024. Google Trends provisional data shows worldwide searches for “Bitcoin” reached a score of 100 for the week starting Feb. 1, the highest level in the past 12 months. The previous peak was a score of 95 in the week of Nov. 16–23, when Bitcoin (BTC) slipped below the psychological $100,000 level for the first time in nearly six months. Read more
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...
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
Proponents of AI agents say the new technology will simplify crypto trading and other financial activities for the average user. AI platform ai.com, founded by Crypto.com co-founder and CEO Kris Marszalek, announced on Friday that it will be launching an autonomous AI agent for retail consumers. The agentic AI will be able to execute functions including trading stocks, workflow automation and simple tasks like calendar updates and managing changes to online social profiles, according to an announcement from the company. The agents will feature segregated user data, secured by encryption keys unique to each user, and run according to user-set restrictions on what the agent is allowed to do, the announcement said. 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
Bitcoin and altcoins saw strong double-digit price rebounds after this week’s brutal sell-off, but do technical charts forecast a longer-term recovery, or is today’s rally just a dead cat bounce? Key points: Bitcoin has turned up sharply from the $60,000 level, opening the door for a retest of the breakdown level at $74,508. Several major altcoins have started a relief rally, which is expected to face selling at the moving averages. 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 latest announcement from the People's Bank of China follows months of flip-flopping on privately issued yuan-pegged stablecoins. The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs). The ban applies to both domestic and foreign stablecoin and tokenized RWA issuers, according to the statement, which was also signed by the Ministry of Industry and Information Technology and China’s Securities Regulatory Commission. A translation of the announcement said: Winston Ma, an adjunct professor at New York University (NYU) Law School and former Managing Director of CIC, China's sovereign wealth fund, told Cointelegraph that the ban extends to the onshore and offshore versions of China’s Renminbi, also called the yuan. “The Beijing crypto ban rule applies across all RMB-related markets, whether CNH or CNY,” he said. CNH is the of...
The 12-month buyback authorization comes as Galaxy’s shares and other crypto-linked stocks have declined alongside Bitcoin. Galaxy Digital Inc. (Nasdaq: GLXY) has authorized a share repurchase program of up to $200 million, allowing the company to buy back its Class A common stock over the next 12 months. According to a company announcement, the repurchases may be conducted on the open market or through privately negotiated transactions, including under Rule 10b5-1 trading plans, and remain subject to applicable securities laws and exchange rules. The program does not obligate Galaxy to repurchase any shares and may be suspended or discontinued at any time. The buyback program has a term of 12 months and, if conducted on the Toronto Stock Exchange, remains subject to regulatory approval under a normal course issuer bid. Purchases made on Nasdaq would be capped at 5% of Galaxy’s outstanding shares at the start of the program, according to the announcement. Read more
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
Ether price still risks declining toward the $1,000-$1,400 range, according to a confluence of bearish technical and onchain indicators. Ether (ETH) has fallen by 30% over the past seven days, sliding to $1,900 from $2,800. The drop was accompanied by a sharp decline in futures activity, with Ether’s open interest falling by more than $15 billion over the same period. Analysts are now focusing on the long-term technical zones and onchain indicators that may signal a major turning point for ETH price. Key takeaways: Read more8179 items