Here is what industry veterans are saying as bitcoin tumbles below $70,000

Here is what industry veterans are saying as bitcoin tumbles below $70,000

“This drawdown feels horrible not because of the magnitude, but because it’s unfair,” said longtime bitcoin maxi Samson Mow.

2026-02-05
Bitcoin falls under $68,000, with retail traders betting on even lower prices

Bitcoin falls under $68,000, with retail traders betting on even lower prices

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets

2026-02-05
Bitcoin faces a brutal irony as the Treasury refuses to save BTC from its own political success

Bitcoin faces a brutal irony as the Treasury refuses to save BTC from its own political success

Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing, when Senator Brad Sherman asked whether the Treasury could intervene to support cryptocurrency prices. Bessent’s answer was direct: he cannot use taxpayer dollars to buy Bitcoin, and the question falls outside his […]

2026-02-05
Tether invests $100 million in U.S. crypto bank Anchorage, valued at $4.2 billion

Tether invests $100 million in U.S. crypto bank Anchorage, valued at $4.2 billion

Anchorage Digital is the firm issuing Tether’s USAT stablecoin, designed for the U.S. market.

2026-02-05
Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions

Hex Trust Adds Custodial FXRP Minting and FLR Staking for Institutions

Institutional custodian Hex Trust has expanded its long-standing partnership with Flare through a new collaboration aimed at delivering institutional access to native FLR staking and FXRP minting. Under the agreement, Hex Trust said it will provide custody, governance, and compliance infrastructure, while Flare supplies the underlying protocol layer. With @FlareNetworks, we’re launching secure institutional access […]

2026-02-05
Ripple Price Analysis: What Happens to XRP if the $1.30 Demand Zone Breaks?

Ripple Price Analysis: What Happens to XRP if the $1.30 Demand Zone Breaks?

Ripple’s XRP remains under sustained bearish pressure, with the price continuing to print lower lows and failing to reclaim key supply zones. The broader structure still reflects a dominant downtrend, and the recent price action suggests sellers remain in control as the market approaches a critical demand area that could define the next directional move. […]

2026-02-05
Virginia Advances Bill in Committee to Establish State Bitcoin Fund

Virginia Advances Bill in Committee to Establish State Bitcoin Fund

Bitcoin Magazine Virginia Advances Bill in Committee to Establish State Bitcoin Fund Virginia lawmakers are moving forward with a proposal that would place the Commonwealth among a growing number of states exploring direct exposure to bitcoin and other digital assets through public reserves. Senate Bill 557, patroned by Senator Reeves, would establish the Commonwealth Strategic […]

2026-02-05
Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now

Bitcoin Price Analysis: Why $70,000 Is the Most Critical Level Right Now

Bitcoin continues to face intense selling pressure, breaking below its yearly lows amid escalating geopolitical tensions between the United States and Iran. This risk-off backdrop has accelerated downside momentum, and while further weakness remains possible, the market is increasingly approaching levels that could trigger a short-term consolidation phase in the days ahead. Bitcoin Price Analysis: […]

2026-02-05
Deutsche Bank says bitcoin’s selloff signals a loss of conviction, not a broken market

Deutsche Bank says bitcoin’s selloff signals a loss of conviction, not a broken market

The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin’s slump.

2026-02-05
Bitcoin price may drop below $64K as veteran raises ‘campaign selling’ alarm

Bitcoin price may drop below $64K as veteran raises ‘campaign selling’ alarm

Bitcoin risks a deeper slide as miners and US spot ETFs cut BTC exposure, adding supply pressure during a fragile downtrend.

2026-02-05
Bitcoin hits critical warning zone threatening a 42% drop before the new bull run can start

Bitcoin hits critical warning zone threatening a 42% drop before the new bull run can start

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 […]

2026-02-05
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