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
Skeptics say ‘Zero-Dollar Bitcoin’ as a new selloff revives brutal questions about utility, cash flows, and whether confidence alone can sustain its price/ Summary Commentators Buck Sexton and Richard Farr argue Bitcoin has no long-term value, no “fundamental floor,” and has failed as either money or a hedge. Critics frame Bitcoin as a reflexive high-beta tech proxy whose value depends on flows and belief, not cash flows or enforceable claims on real assets. The debate intensifies as BTC trades near the low-70k region alongside choppy ETH and SOL markets, underscoring…
The decisive election victory by Japan’s Liberal Democratic Party sparked market optimism Monday morning, briefly driving bitcoin above $72,000. LDP Victory Sparks Regional Rally The Japanese Liberal Democratic Party’s decisive electoral victory provided a notable tailwind for both digital and traditional markets Monday, Feb. 9. Japan’s Nikkei 225 briefly surged past the historic 57,000 mark […] Original
January’s “fake rally” ended with Bitcoin losing its $84k floor as smart money sold into ETF euphoria, rebuilt stablecoin war chests, and shifted to defensive accumulation, according to a new monthly report published by Finestel. Summary Finestel says tourists chased “Trump QE” ETF flows as BTC spiked toward $98k, before Fed and Iran shocks sent Bitcoin crashing while gold hit new highs. BTC’s close near $77,195 trapped ~1.2m coins at a loss, while ETH broke $2,900 support, saw a 26% January drop, and on-chain realized losses topped $400m per day.…
Digital asset investment products showed early signs of stabilisation last week as crypto outflows slowed sharply to $187 million, according to the latest CoinShares weekly report, despite continued pressure on crypto prices. Summary Crypto fund outflows slowed sharply to $187 million, signaling a deceleration in selling pressure despite ongoing price weakness. Bitcoin led weekly outflows with $264 million, while several altcoins, including XRP, Solana, and Ethereum, attracted fresh inflows. Elevated trading volumes and selective regional inflows, particularly in Europe, point to early signs of market stabilisation. While fund flows often…
Large Bitcoin holders funneled 66.94k BTC into accumulator wallets during the latest dip, signaling quiet demand even as spot prices hover near recent highs. Summary CryptoQuant data shows 66.94k Bitcoin flowed into whale accumulator addresses on Feb. 6, the largest single‑day inflow of this cycle. Some analysts warn ETF and desk rebalancing can muddy accumulator signals, but past spikes preceded upside once forced selling eased. Bitcoin trades near 71k, with Ethereum and Solana also stabilizing, as larger players buy into volatility instead of exiting positions. Bitcoin (BTC) whales are quietly…
Joshua Yabut, a Bitcoin Cash evangelist, stole an armored vehicle and took a joyride through Virginia in 2018, giving rise to one of the most memorable memes in cryptocurrency history. Let’s review what he did and how the charges against him were dismissed. Bitcoin Cash’s Tank Man Revisited: Remembering Joshua Yabut’s Joyride Through Virginia Joshua […] Original
Bitcoin price rebounded to an intraday high of $71,850 on Monday after it reclaimed the $70,000 psychological support amid a spike in short liquidations and a fresh macro catalyst. Summary Bitcoin price rallied to nearly $72,000 on Monday morning. Bitcoin ETFs ended their 3-day outflow trend with $371 million in inflows. Technical indicators hint at a bearish outlook for BTC price in the short term. According to data from crypto.news, Bitcoin (BTC) surged back above the $70,000 psychological support level late Sunday before pushing higher to a daily high of…
South Korean crypto exchange Bithumb said it has recovered nearly all of the Bitcoin mistakenly distributed during a promotional error that briefly disrupted prices on its platform earlier this month. Summary Bithumb says it has recovered about 99.7% of Bitcoin mistakenly distributed during a reward event error. The exchange used its own funds to reconcile remaining amounts after some BTC was sold. Bitcoin prices briefly dropped on Bithumb but the impact did not spread to broader markets. Bithumb says 99.7% of mistaken BTC has been recovered In a notice published…
Japan’s “Takaichi trade” is shifting global capital flows and tightening liquidity, adding short-term downside pressure to Bitcoin as U.S. stocks weaken. Summary Japan’s election win has boosted stocks and weakened the yen. Portfolio rebalancing is reducing liquidity in U.S. markets. Equity weakness is spilling into Bitcoin trading. Bitcoin is facing fresh near-term pressure as political shifts in Japan reshape global capital flows and reinforce a cautious tone across risk markets. In a Feb. 9 analysis, CryptoQuant contributor XWIN Research Japan said the landslide victory of Prime Minister Sanae Takaichi in…