The sharp sell-off in cryptocurrency markets has also inflicted deep wounds on corporate balance sheets. Double-digit weekly losses in Bitcoin and Ethereum, the second-largest cryptocurrency, have left large-scale institutional investors facing billions of dollars in losses. According to the latest data, the price of Bitcoin has fallen to $67,112, losing over 20% in the last
In a recent move, BlackRock has deposited 3,900 $BTC worth $275 million and 27,197 $ETH worth $56.68 million to Coinbase Prime, according to Lookonchain. This has been BlackRock’s usual practice in recent weeks, moving significant amounts of Bitcoin and $ETH to Coinbase. As reported by Lookonchain, on Feb. 3, Blackrock shifted 1,134 $BTC worth $88.68
Bullish bitcoin bets funded with borrowed money are rising on Bitfinex, one of the oldest crypto exchanges, even as the price continues to fall. Margin long positions have climbed to roughly 77,100 BTC, the highest level since December 2023, when bitcoin was trading near $40,000, according to TradingView data. Margin longs are up 64% over
Veteran market analyst Gareth Soloway has outlined several possible paths for Bitcoin’s price, including a worst-case scenario that could see the cryptocurrency fall sharply if global financial markets face a major downturn. In a recent market update, Soloway said Bitcoin is currently holding an important price area and has shown more resilience than U.S. stock
“First time?” For newcomers to bitcoin $BTC$71,091.27, the recent price plunge may feel like a shock. Many believed they were getting in early last October when $BTC hit a new all-time high of $126,000, encouraged by big talk from the Trump administration, Wall Street’s acceptance, and forecasts of imminent $1 million per coin. But what
Bitcoin is back in that familiar place where the chart looks ugly, the timeline feels loud, and everyone is trying to guess whether the next move is the one that finally breaks the mood. Today, Bitcoin fell below $70,000 for the first time in well over a year. Historically, that price still looks strong, especially
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed $BTC to elevated downside risk. Several on-chain and technical indicators now align with a bearish outlook. However, large holders are actively accumulating, attempting to slow or reverse the developing
As declines in the leading cryptocurrency Bitcoin deepened, the price fell below $70,000 for the first time in almost 15 months since November 2024. Bitcoin ($BTC) is erasing all the gains it made since the November 2024 US presidential election, and it is predicted that Bitcoin is in a bear market and the decline will
German lender Deutsche Bank (DB) says bitcoin’s $BTC$71,091.27 latest slide is less about a single macro shock and more about a slow erosion of conviction across institutional and regulatory fronts. In a Wednesday note, the bank argued that three forces are weighing on the asset: sustained institutional outflows, a breakdown in bitcoin’s traditional market relationships,
Crypto markets are moving lower, but the broader picture remains one of caution rather than panic. Bitcoin and Ethereum have both slipped after weeks of subdued trading, while capital has not rotated into higher-risk assets. Summary Bitcoin and Ethereum are moving lower, but without signs of panic, as volatility expands only modestly from previously compressed