Author: Kryptonews

Bitcoin’s BTC$69,614.17 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall.The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop — or, as some market participants call it, a candle — of more than $10,000. The day’s 14% decline was the largest single-day drop since November 2022, during the implosion of crypto exchange FTX.The Fear and Greed Index dropped into single digits, a level seen only a…

Key NotesBurry posted comparative charts showing structural similarities between Bitcoin’s current decline and the 2021-2022 crash.Bitcoin trades at $67,274 with technical indicators confirming bearish trends and descending channels since its $126,000 peak.Burry argues Bitcoin failed as an inflation hedge unlike gold, with institutional adoption insufficient to prevent severe corrections. Michael Burry, the investor who anticipated the 2008 mortgage crisis, issued a stark warning on February 5 about Bitcoin BTC $70 118 24h volatility: 3.4% Market cap: $1.40 T Vol. 24h: $51.99 B : the cryptocurrency could be replicating the 2021-2022 collapse pattern, which would imply an additional drop toward $50,000…

Traders on prediction market Polymarket have doubled the implied odds of the Second Coming of Jesus Christ occurring by year-end, turning one of the platform’s stranger contracts into a better performer than bitcoin.The market, titled “Will Jesus return in 2026,” traded around 4 cents on Friday, implying a roughly 4% chance. That’s up from a low of about 1.8% on Jan. 3, meaning the “Yes” side has gained more than 120% in just over a month.Bitcoin, in contrast, has been moving in the opposite direction. The largest cryptocurrency has lost 18% this year for reasons ranging from concerns that quantum…

Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over.Key points:Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat.Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus.Analysis says that a carbon copy of 2022 is not a certainty.Bitcoin capitulation “hasn’t happened yet”Data from TradingView showed BTC/USD crossing $71,000, now up 20% versus Friday’s 15-month lows. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAs the weekly close neared, Bitcoin added characteristic volatility, while market participants remained highly skeptical that…

Opening NoteWelcome back to another edition of the AltcoinInvestor.com Daily Newsletter! We’re excited to have you with us as we explore the fast-evolving world of cryptocurrencies. Whether you’re a veteran trader or a newcomer to digital assets, our goal is to provide you with timely updates, data-driven insights, and perspectives that sharpen your strategy. In today’s issue, we’ll analyze recent market trends, showcase notable win/loss performances across the altcoin landscape, present key news developments that are making waves, and highlight an emerging trend reshaping crypto investing. Grab your coffee, and let’s dive into the latest from the altcoin market.Market RecapThe…

Block Inc. (XYZ), the payments company run by Jack Dorsey, may reduce its workforce by as much as 10%, Bloomberg reported, citing people familiar with the matter.Hundreds of employees at the bitcoin BTC$71,504.44-supporting owner of Cash App and Square have been told their jobs are at risk, Bloomberg said. The reviews are part of a broader overhaul of the Oakland, California-based company’s business, it said.In addition to the payment apps, which allow individuals and businesses to transact in bitcoin, Block has Bitkey, a bitcoin self-custody hardware wallet, and Proto, a suite of bitcoin mining products and services. Its Spiral unit…

Ethereum price could be preparing a strong rebound after forming a giant hammer candle and confirming the inverted head-and-shoulders chart pattern as the staking queue jumps to a record high. Summary Ethereum price dropped for three consecutive weeks. The staking queue has jumped to a record high. ETH has formed an inverted head-and-shoulders pattern. Ethereum (ETH) token was trading at $2,080, up sharply from last week’s low of $1,738. This price is much lower than the all-time high of nearly $5,000.  The ongoing Ethereum crash is notable as it is happening when the token has some of the best fundamentals…

Bitwise contends that the crypto industry’s obsession with timing a market bottom overlooks a historical pattern where peak investor anxiety often signals the start of a recovery.Having navigated the 2018 and 2022 winters, the crypto asset manager suggested the current “anxious feeling” in the market is a trailing indicator of historical recovery zones. Bitwise CIO Matt Hougan noted that investors who bought the dip during the 2018 nadir saw returns of approximately 2,000%, while those who entered during the 2022 lows are up roughly 300% in just over three years. For those with a long-term horizon, the firm views the…

Key takeaways:HYPE surged 60% to $34.90, fueled by institutional investor accumulation from Hyperliquid Strategies and reduced selling after staking unlocks.Bearish liquidations exceeding $20 million and ARK Invest’s bullish report fueled speculation despite flat perpetual volumes.Hyperliquid (HYPE) surged to $34.90 on Wednesday, climbing from $21.80 just two days prior. The 60% rally triggered over $20 million in liquidations on bearish leveraged positions, fueling speculation of further gains toward $40. The move followed reports of a publicly listed company focused on digital asset reserves adding HYPE to its balance sheet, alongside diminished sell pressure following a large staking unlock.X user lukecannon727 raised…

Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring effort.As much as 10% of Block’s workforce may be affected, Bloomberg reported on Sunday, citing people familiar with the matter. The company employed just under 11,000 people as of late November, an executive reportedly said at the time.The potential layoffs come as Block reshapes its operations following a reorganization launched in 2024 aimed at improving efficiency and aligning its product lines. The company is working to more closely link its peer-to-peer…