The broader bearish crypto market is painted in red, with extreme fear sentiment enduring. As the bears are strong, most of the assets are losing momentum. Notably, the largest asset, Bitcoin (BTC), has been facing rejections back-to-back and slipped below $70K. Meanwhile, the asset has entered the extreme fear zone
The BlackRock, Fidelity and Grayscale crypto investment products have witnessed a sharp weakening in net weekly outflows, providing initial signs of stabilisation after a severe expansion of digital asset markets, as per the recent data shared by CoinShares. Global funds backed by cryptocurrencies listed $187 million in net outflows in
The Financial Supervisory Service (FSS) of South Korea released its business plan, which included aggressive measures to tighten crypto regulation by targeting risk practices that collapse the crypto market, as well as stronger IT and cybersecurity accountability for financial firms. According to South Korea’s Yonhap local news agency report, Financial
Bitcoin’s sharp decline of over 20% this past week took crypto liquid funds by surprise, despite the commodity later rallying back on certain fronts. According to fund managers, the impact of Bitcoin’s decline was less from any particular event and more so because of the swiftness of the shift in
In the aftermath of a huge decline, the cryptocurrency market rose 5.57% in the last 24 hours, raising its entire market value to $2.35 trillion. Although the mood is still staying in the extreme fear zone, it sees cautious optimism, as the crypto Fear & Greed Index increased to 8
The Google search volume for the word “Bitcoin” has intensely increased in the last week as the price of the asset concisely slipped to the $60,000 level for the first time witnessed after October 2024. The provisional data from Google Trends reveals that the worldwide searches for Bitcoin attained a
On February 6, Shiba Inu witnesses potential gains after the rebound of Bitcoin from the $60,000 threshold. After the recovery, the traders again became speculative for altcoins, placing SHIB as one of the assets heavily profited by the return of liquidity to the market. The significant change in the price
One of the largest public Bitcoin treasury companies, Marathon Digital Holdings, transferred nearly $87million worth of Bitcoin to major crypto financial and investment firms, indicating potential selling pressure. On February 6, the on-chain analytics platform Lookonchain revealed that the Bitcoin Miner MARA Holdings transferred a total of 1,318 BTC valued
An analyst, Darkfost from CryptoQuant, has shared that at a time when crypto sell-offs boost, the inflows of stablecoin to exchanges have double-folded to $98 billion from the last levels. The increase of stablecoin inflows has crossed the 90-day average of $89 billion. The analyst further notes in the blog
Binance and Bybit have been said to have frozen withdrawals as a crypto sell-off continues to worsen in the marketplace. This freezing of withdrawals seems to have occurred as a result of a sell-off among the crypto assets in the marketplace. The recent sell-off appears to have influenced the decision
