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Bitcoin Price Recovery Loses Steam: Are More Losses Ahead?
Bitcoin price started another decline below the $100,500 zone. BTC is trimming gains and might continue to move down toward the $95,000 zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $98,800 and the 100 hourly Simple moving average. There is a connecting b...NewsBTC
Thu, Feb 6
Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next
Ethereum experienced one of the most chaotic trading days in its history last Monday, as it plunged over 30% in less than 24 hours amid escalating U.S. trade war fears. However, the market quickly rebounded after President Trump announced negotiations with Canada and Mexico, leading to a sharp recov...NewsBTC
Thu, Feb 6
Nintendo announces Switch 2 Direct timelines scheduled for April
Nintendo revealed the exact time its Switch successor direct would go live. The announcement comes a month after the company gave gamers a look at the Switch 2 new hardware. Among the games revealed in the snippet included Peach and Mario Kart.Cryptopolitan
Thu, Feb 6
Altcoin Season Paused Forever? What The Rising Bitcoin Dominance Says Will Happen
Bitcoin’s dominance over the entire market has continued to increase steadily over the past few weeks, even as many Bitcoin and many other cryptocurrencies started the week on a negative note. According to data from CoinMarketCap, Bitcoin’s dominance is now at 60.4%, its highest level si...Bitcoinist
Thu, Feb 6
Strategy’s Bitcoin holdings hit $23.9B despite $670M loss in Q4 and pause in purchases
MicroStrategy, the Bitcoin whale which rebranded to Strategy just yesterday, ended 2024 with its Bitcoin reserves worth $23.9 billion, according to the company’s latest financial report that was released yesterday. Despite reporting a $670 million net loss for Q4, the company, led by CEO Phong Le, shared that they’ve acquired 447,470 bitcoins to date. Strategy […]Cryptopolitan
Thu, Feb 6
Strategy reports fourth straight quarterly loss, deepens bitcoin focus with rebranding
Feb 5 (Reuters) - Strategy MSTR.O, the biggest corporate holder of bitcoin BTC=, reported a fourth consecutive quarterly loss on Wednesday as the company booked an impairment charge on its stockpile of the cryptocurrency.
Bitcoin Faces Weak Retail Demand As Addresses Holding 0-1 BTC Decline – Expert Reports
Bitcoin has experienced massive price swings since the weekend, dropping to $91K before staging a strong recovery above $100K. However, BTC now sits around $98K, struggling to maintain momentum amid ongoing trade war fears that have shaken global markets.Bitcoinist
Thu, Feb 6
SEC’s Crypto Task Force Website Launches: Hester Peirce Shares Vision For Digital Asset Regulation
The US Securities and Exchange Commission (SEC) has officially unveiled its new Crypto Task Force, marking a pivotal shift in its regulatory approach to the digital asset sector. This initiative, led by Commissioner Hester Peirce, promises a more engaging and less perilous journey for both the SEC a...Bitcoinist
Thu, Feb 6
Crypto-loving Howard Lutnick confirmed as US Commerce Secretary – What to expect from him
Howard Lutnick, the billionaire CEO of Cantor Fitzgerald, is officially the US Commerce Secretary after a 16-12 Senate Commerce Committee vote on Wednesday. Known for his deep ties to crypto and Wall Street, Howard’s new job comes with a lot of moving pieces: the $42.5 billion Broadband Equity, Access, and Deployment (BEAD) program, the $280 […]Cryptopolitan
Thu, Feb 6
Google has opened its most powerful Gemini 2.0 suite for everyone
Google on Wednesday released a suite of its most powerful and capable AI models, Geminin 2.0, to everyone as part of the search engine giant’s broader strategy this year. The strategy entails “investing heavily into AI Agents, as the race for AI continues to gain traction among tech giants and startups in the sector. Other […]Cryptopolitan
Thu, Feb 6
Zano Blockchain Partners with Cake Wallet to Drive Privacy Coin Adoption
Privacy-focused coins and blockchains enjoy a steady demand despite continued backlash from regulators around the world. Governments argue that privacy coins are untraceable, posing a significant risk to financial security and accountability. However, financial privacy is a standard expectation in traditional systems—we don’t allow anyone to track our bank account just because we bought an […]Cryptopolitan
Wed, Feb 5
SoftBank wrapping up $6.5B deal for Oracle-backed chip designer Ampere
SoftBank is reportedly considering a $6.5 billion acquisition of Ampere Computing LLC, a semiconductor and chip designer backed by Oracle. While Ampere looks primed for a takeover, it is also exploring its strategic options, according to people familiar with the matter, who asked not to be identified because the discussions were private. The same people […]Cryptopolitan
Wed, Feb 5
Treasury Secretary Bessent says Trump is “not calling for the Fed to lower interest rates”
Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked on long-term borrowing costs, specifically the 10-year Treasury yield. “He and […]Cryptopolitan
Wed, Feb 5
Bitcoin network activity hits one-year low as mempools dip to 2022 crypto winter levels
On-chain data reveal a significant decline in Bitcoin (BTC) network activity, reaching a new one-year low. Daily transactions have dropped from an all-time high of 734,000 in September 2024 to 346,000, representing a 53% drop. The CryptoQuant Bitcoin Network Activity Index now stands at 3,760, the lowest it has been since February 2024. According to […]Cryptopolitan
Wed, Feb 5
Trump’s Crypto Czar Envisions A Golden Age For Digital Assets In Bold New Statement
In a highly anticipated conference on Tuesday, David Sacks, the newly appointed “Crypto Czar” and venture capitalist, alongside Republican lawmakers, laid out plans to develop a regulatory framework for crypto assets in the United States. Speaking to CNBC, Sacks further expressed optimism about the ...Bitcoinist
Wed, Feb 5
Unions drag US Treasury to court for giving Elon Musk’s D.O.G.E read-only access to data
A powerful group of unions has declared war on the US Treasury Department, filing a lawsuit to stop Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing sensitive financial and personal information yesterday. The unions want an immediate court order slamming the brakes on Elon’s access to federal payment systems, saying the Treasury illegally handed […]Cryptopolitan
Wed, Feb 5
Is An Altcoin Season Around The Corner? Here’s What Historical Data Shows
The much-anticipated altcoin season, during which huge capital flows from Bitcoin toward alts continue to fail to manifest, as major tokens like Ethereum struggle to initiate a significant rally. With top altcoins facing a pullback, the possibility of an altseason remains low. Altcoin Season Unfoldi...Bitcoinist
Wed, Feb 5
Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum
Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are...NewsBTC
Wed, Feb 5
