An analyst warns Bitcoin could revisit ~$38k if past 70% drawdown patterns repeat, while others argue deeper institutional flows may cap the correction nearer 55%–60%. Summary Analyst “Sherlock” maps past drawdowns of 93%, 86%, 84%, and 77% to project a roughly 70% drop this cycle, implying a Bitcoin bottom near $38,000. Critics on X counter
Cardano founder Charles Hoskinson sought to steady market sentiment during a sharp crypto sell-off, arguing that short-term price pain does not undermine the long-term case for blockchain-based financial systems. Summary Cardano founder Charles Hoskinson warned that crypto markets could face further losses, telling viewers, “It’ll get worse. It’ll get redder,” as digital assets extended a
South Korean crypto exchange Bithumb was thrust into the spotlight on Friday after claims surfaced on social media that an internal error led to the accidental distribution of 2,000 Bitcoin to users, triggering a sharp price dislocation on the platform. Summary Bitcoin on Bithumb briefly traded more than 10% below other major exchanges following reports
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
Pi Network price continued its strong downward trend this week and is nearing its lowest level on record as traders anticipated a big token unlock this week. Summary Pi Network price continued its strong downward trend last week. The network will unlock 82 million tokens in the next seven days. A potential catalyst for the
Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded
Tether has built a portfolio of 140 investments spanning sectors from South American agriculture to a stake in Italian football club Juventus, according to a Financial Times report. Summary Tether holds 140 investments, from agriculture to Juventus, funded by USDT profits. The stablecoin giant plans 150 new hires as it builds a global “freedom tech
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Revolut’s fintech expansion across Europe and globally is severely constraining the playing field for European fintech founders. Attempting to build a European-scale fintech — which means competing directly with Revolut — has
China has moved to lock down virtually all crypto and real‑world asset (RWA) tokenization activity, issuing a new notice that declares such operations illegal financial activity and extends liability across the entire service stack. Summary A joint PBoC notice declares Bitcoin, Ether, Tether and similar tokens lack legal tender status and brands all virtual‑currency business
In this week’s edition of the weekly recap, President Donald Trump denied awareness of reported UAE investment in World Liberty Financial, and China’s central bank joined nine agencies in banning unapproved yuan-linked stablecoins. Trump distances himself from World Liberty investment… Source link
