Jeff Park, CIO at Procap, explained that bitcoin, as a decentralized asset, will shine in what he called a “wartime” period, when the fragmentation of world powers and the centralization of the governments’ roles will allow it to surge again as a tool to fight capital controls and financial oppression. Jeff Park: ‘Wartime Bitcoin’ Will […] Original
South Korea’s Financial Supervisory Service (FSS) has escalated scrutiny of major cryptocurrency exchange Bithumb following an unprecedented operational mistake in which the firm accidentally credited customers with tens of billions of dollars’ worth of Bitcoin. Summary South Korea’s Financial Supervisory Service (FSS) has launched a full-scale investigation into Bithumb following a massive $43 billion Bitcoin “fat-finger” error. The incident stemmed from an internal operational mistake that temporarily credited users with Bitcoin far exceeding the exchange’s actual holdings. Regulators are examining Bithumb’s internal controls and IT systems, with potential penalties possible…
Bitcoin price slipped again on Feb. 10 after failing to stay above the $70,000 level, an area that had supported the market through much of the recent consolidation. Summary Bitcoin is under pressure as capital inflows fail to translate into price expansion. On-chain data shows rising whale exchange deposits and steady ETF outflows. Technical structure continues to favor distribution over accumulation. At press time, BTC was trading around $68,979, down 2% over the past 24 hours. The weakness extends across all major timeframes, with losses of 12% over the past…
Bitcoin’s bull case holds firm as analysts say the latest pullback marks the weakest bear phase ever, reinforcing a $150,000 price target for 2026 despite sharp volatility and renewed confidence-driven selling pressure. Bernstein Reaffirms $150K Bitcoin Target, Signaling Bullish 2026 Path Bitcoin’s long-term outlook remains firmly bullish despite recent volatility. Research and brokerage firm Bernstein […] Original
Market commentator Jim Cramer claimed on CNBC that the Trump administration plans to purchase Bitcoin for a proposed U.S. Strategic Reserve amid ongoing market volatility. Summary Cramer claimed the Trump administration may buy Bitcoin for a proposed U.S. Strategic Reserve, reportedly targeting a $60,000 entry price amid recent market volatility. The U.S. government currently holds 328,372 BTC (over $23 billion), with executive orders specifying that reserves come from asset forfeitures and cannot be sold; Treasury officials say public funds cannot be used to buy crypto. Interest in a Strategic Bitcoin…
A volatile first full week of February left crypto exchange-traded funds (ETFs) sharply divided, with bitcoin and ether absorbing sustained pressure while XRP quietly delivered a strong showing. Rapid daily reversals underscored a market still searching for conviction. Extreme Reversals Mark Crypto ETFs as XRP Defies Market Stress The first week of February delivered sharp […] Original
On the afternoon of Feb. 9, bitcoin rebounded to near $71,000 after dipping to $68,285. The recovery followed an announcement by Strategy that it had purchased 1,142 bitcoins for $90 million, while Binance added 4,225 bitcoins to its secure asset fund for users (SAFU). Strategy and Binance Bolster Reserves Bitcoin ( BTC) rebounded from an […] Original
Michael Saylor continued his dollar-cost averaging last week, even as Bitcoin tumbled to its lowest level since 2024 and losses soared. Summary Strategy continued its Bitcoin accumulation as its unrealized losses rose. The company bought 1,142 coins last week, bringing its total holdings to 714,644. Wall Street analysts are highly bullish on the MSTR stock. Strategy continues Bitcoin accumulation In a statement, Saylor said that his company bought 1,142 Bitcoin (BTC) at the average price of $78,815. This purchase brought its total Bitcoin holdings to 714,644 valued at over $49…
Bitcoin’s price has bounced from key support near $60,000, but declining volume and rising overhead resistance are raising concerns that the move may be a bull trap rather than a sustainable recovery. Summary $60,000 support sparked the bounce, but demand remains weak Low volume and VWAP/Fibonacci rejection, signal fragile upside Acceptance below the point of control, favors rotation back toward support Bitcoin (BTC) price action has staged a short-term rebound after successfully retesting a major high-timeframe support level near $60,000. While the bounce initially appeared constructive, deeper analysis reveals that…
Cango Inc. sold 4,451 bitcoin over the weekend as miners across the sector face mounting pressure from low prices, thin margins, and falling mining revenue. Cango Dumps 4,451 BTC to Cut Debt On Monday, Cango Inc. confirmed it had completed the sale of 4,451 BTC on the open market, settling the transaction in USDT for […] Original