Crypto News

- Bitcoin price hits lowest in over a year — bringing MSTR, COIN, and other crypto stocks with it The price of Bitcoin hit its lowest price in over a year on Wednesday, dragging the price of top crypto stocks with it. Bitcoin was recently trading at around $73,013 after dipping by more than 3% over a 24-hour period. It dropped under $72,000 earlier on Wednesday — its lowest price since November 2024. Over the past week, the leading digital asset has shed nearly 19% of its value. The drop comes as markets across the board sell-off and market observers are divided on whether crypto is now in a bear market. Cascading effect Bitcoin’s selloff wasn’t contained to digital coins and tokens — major companies in the space are down badly...

- Bitcoin mining crossed a historic threshold in late 2025. According to a recent report from GoMining, the network entered the zetahash era, surpassing 1 zetahash per second of computing power. But while hashrate surged to record levels, miner profitability moved in the opposite direction. The result is a mining industry that is larger, more industrialized — and more exposed to price risk than at any point this cycle. Hashrate Reaches Record Highs as Mining Scales Up The report shows Bitcoin’s network sustained over 1 ZH/s on a seven-day average, marking a structural shift rather than a temporary spike. This growth reflects aggressive hardware upgrades, new data centers, and expanding industrial operations. Mining is no longer...

- CME Explores Launching Its Own Coin as 24/7 Trading for Crypto Funds Nears CME Group, owner of the world's largest derivatives exchange operator by trading volume, said it's actively considering launching its own coin and moving all of its crypto products to 24/7 trading during its Q4 earnings call on Wednesday. CME Group Chairman and CEO Terrence Duffy was responding to a question from Morgan Stanley analyst Michael Cyprys about the factors at play in allowing traders to use stablecoins, tokenized deposit tokens, or tokenized funds as collateral. He said the company has a tokenized cash "initiative" that's being rolled out with Google later this year. The tokenization deal with the tech giant was announced March 2025, and...

Same Macro Tape, Different Bid – Gold Absorbs Flows as Bitcoin Swings Gold is currently trading at $4,906/oz as macro desks keep paying for convexity in the oldest hedge, while Bitcoin is trading at $72,639 after a bounce to $78,376. Same tape. Different bid. Gold Flows Tell the Story The “receipt” for gold’s new regime sits in flow math, not slogans. World Gold Council data for full-year 2025 shows global gold ETF holdings of +801 tonnes (second-strongest year on record) and Q4 ETF inflows of 175 tonnes, alongside Q4 bar-and-coin demand of 420 tonnes, the strongest Q4 in 12 years. In the U.S., WGC reports U.S. gold demand of 679 tonnes in 2025 (+140% y/y) and U.S. gold-backed ETF demand of 437 tonnes, bringing holdings to 2,019...

- Is iShares Bitcoin Trust the Best Bitcoin ETF You Can Buy? iShares Bitcoin Trust ETF (NASDAQ:IBIT) and Fidelity Wise Origin Bitcoin Fund (NYSEMKT:FBTC) both deliver pure-play bitcoin exposure with identical expense ratios, but differ in assets under management, trading statistics, and subtle variations in historical performance and risk. Both iShares Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund are designed for investors seeking straightforward access to bitcoin price performance through traditional brokerage accounts, avoiding the technical and custody challenges of holding cryptocurrency directly. This comparison highlights the practical differences that may matter most for those weighing these two leading spot bitcoin...

- Bitcoin tumbled below $73,000 on Feb. 4, 2026, hitting twice its lowest point since April 2025, while publicly traded mining companies suffered steep losses as the crypto market correction deepened. Bitcoin briefly touched $72,039 on Binance for the second time before recovering slightly to trade near $73,020 at the time of writing. That extends its retreat from October 2025’s all-time high above $125,500—a roughly 40% drop in just four months. Large holders sold more than 50,000 BTC over the past two weeks, creating steady selling pressure even as retail investors tried buying the dip. Bitcoin Mining Sector Takes Steep Losses Mining stocks took the hardest hit. Marathon Digital Holdings traded near $8.09, while Riot Platforms...

- Bitcoin fell sharply to $73,000 on February 3, extending a broader bearish trend that has now erased 41% from its October 2025 all-time high above $126,000. The drawdown has intensified debate over whether the market is approaching a cyclical bottom—or entering a deeper corrective phase. The sell-off mirrors rising anxiety across traditional markets. US equity indices weakened amid concerns about artificial intelligence-driven disruption and escalating geopolitical risks, prompting investors to rotate away from risk assets. In that environment, capital flowed back into traditional safe havens such as gold and silver, while Bitcoin failed to attract defensive demand. Macro and Geopolitical Stress Push Investors Toward Traditional...

- Bitcoin's (CRYPTO: BTC) price has declined nearly 20% year to date, erasing all its gains since President Trump won the election on Nov. 5, 2024. Let's see why the world's top cryptocurrency lost its luster -- and why it still has a shot at reaching $100,000 again this year. Why did Bitcoin's price plummet? Bitcoin previously slumped in 2022 and 2023, when rising interest rates drove investors from cryptocurrencies toward more conservative investments. But in 2024 and 2025, it recovered as its first spot price ETFs were approved, it underwent its latest halving (which halves its mining rewards every four years), and the Federal Reserve cut its benchmark rate six times in a row. Bitcoin's adoption as legal tender in certain...

- Bitcoin sinks after Treasury Secretary Bessent says US government can't tell banks to bail out crypto Bitcoin (BTC-USD) fell 2% on Wednesday to around $73,000 per token after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency. In a heated back-and-forth during a House Financial Services Committee hearing, Bessent was asked if the US Treasury had the authority to buy bitcoin or other cryptos. "I do not have the authority to do that, and as chair of FSOC, I do not have that authority," Bessent stated. The decline on Wednesday was also fueled by the broader selling pressure in markets and a warning from notable investor Michael Burry that a sustained decline in bitcoin's price could...

- Early Bitcoin Dev Calls on Adam Back to Resign After Epstein Files Revelations Luke Dashjr, a longtime Bitcoin developer and early contributor to Blockstream, has called on Blockstream co-founder and CEO Adam Back to resign from his positions after newly released files connected convicted sex offender Jeffrey Epstein to figures across the cryptocurrency industry. “These recent revelations about Adam and Epstein Island help shed light on some of Adam’s hostility toward me and his recent pro-spam gaslighting, but I never knew how bad and how deep the corruption went,” Dashjr said in a tweet on Tuesday. Dashjr referred to a previous dispute regarding what he claimed was an earlier assurance that he would be recognized as a...

- Can the Government 'Bail Out' Bitcoin? Congressman Prompts Bizarre Exchange With Treasury Secretary U.S. Treasury Secretary Scott Bessent entered a convoluted tussle on Capitol Hill Wednesday about the nature of Bitcoin, after fielding a question from a congressman about the token’s potential role in a future financial crisis. “Does the Treasury Department… have the authority to bail out Bitcoin?” Rep. Brad Sherman (D-CA) asked Bessent today, during a hearing before the House Financial Services Committee. The Treasury Secretary paused for a moment before asking Sherman to elaborate. “What exactly does ‘bail out Bitcoin’ mean?” Bessent replied. While many public firms have invested heavily in the cryptocurrency over the last...

- Shares of publicly traded Bitcoin miners are plummeting as Bitcoin marked a new 15-month low price, dipping to $72,185 on Wednesday—now down nearly 20% over the last week. Major BTC mining firms MARA Holdings (MARA) and Riot Platforms (RIOT) have seen their shares dip 11.6% and 10% respectively on the day to $7.99 and $13.78. Meanwhile, Hut 8 (HUT) and Cipher Mining (CIFR) have fallen even further, dropping nearly 14.3% and 20.76% since the opening bell to $50.60 and $12.92, respectively. The miners' drop comes amid weakening Bitcoin price action. The top crypto asset has fallen more than 4% in the last 24 hours, extending its weekly losses to almost 20%. Other top coins have fallen harder, with Ethereum showing a roughly 30%...

- Why the Bitcoin Price Might Bottom Soon Something went wrong with the Bitcoin price, says Galaxy Digital founder and CEO Mike Novogratz, as the search for the bottom grows more frantic, while another Michael – the Burry kind – sees a “death spiral” ahead for the BTC price. Of course, Novogratz has skin in the game, so when he told Bloomberg TV yesterday that the bottom would form in the $70,000 to $100,000 range, it is understandable that some might want to view his reasoning with skepticism. However, an equally quizzical line of attack might be applied to the musings of Michael Burry, who, after all, is the king of shorts – he’s always on the lookout for assets to sell. If you can stay away from the panic button and have the...

- UBS CEO Details Crypto Plans Following Report of Bitcoin, Ethereum Trading for Wealthy Clients Publicly traded Swiss bank UBS Group AG (UBS) is creating a path to tokenized services and crypto access for its clients, the firm’s CEO confirmed on its Q4 earnings call on Wednesday. The firm, which manages invested assets of more than $7 trillion, has seen its shares drop around 6% on Wednesday, recently changing hands at $44.79. “As digital assets become a more relevant part of the financial system, we are taking a focused client-led approach,” CEO Sergio Ermotti said on the call. “We are building out the core infrastructure and exploring targeted offerings, from crypto access for individual clients to tokenized deposit solutions...

- Bitcoin Faces Key Weekly Test at $68.4K as ETF Redemptions Hit $2.8B Bitcoin (BTC) traded at $75,980 as U.S. desks opened on Feb. 4, 2026, with traders anchoring downside risk to the 200-week EMA near $68,400 after four straight red monthly candles. Nic Puckrin, CEO of Coin Bureau, framed the immediate trigger as $74,400 (the “April lows” referenced in his X post), then $70,000 as the next shelf “just above” the $69,000 prior ATH, before a deeper capitulation pocket at $55,700 to $58,200 that he tied to the average realized price band plus the 200-week MA. “Breaking below that means we head to a bear market low target. The area to watch here $55.7k – $58.2k. That’s just between the average realised price of all coins & the 200w...

- Ripple Broadens Institutional DeFi Access With Hyperliquid Integration Fast-growing decentralized exchange (DEX) Hyperliquid may welcome a fresh crop of users following an announcement Wednesday from crypto payments firm Ripple that it has added support for the exchange via its institutional prime brokerage platform. The Ripple Prime integration allows institutional clients to access on-chain derivatives liquidity while cross-margining their decentralized finance (DeFi) positions with other asset classes including crypto, foreign exchange, fixed income, over-the-counter swaps, and more. “This strategic extension of our prime brokerage platform into DeFi will enhance our clients' access to liquidity, providing the greater...

- Crypto News of the Day: Gold’s Volatility Surges Past Bitcoin Amid Historic Market Swings Gold has overtaken Bitcoin amid market turbulence. Its recent price swings surpass even Bitcoin's, highlighting a rare inversion in risk dynamics that few investors expected. Data shows the 30-day volatility in gold surged to a new peak of 48.68, and stood at 41.04 as of this writing. Notably, this level was not tested since the 2008 financial crisis. In comparison, Bitcoin’s volatility currently hovers around 39%, despite its reputation as a highly speculative asset. The surge in gold volatility follows its sharpest plunge in more than a decade, including a single-session drop of nearly 10% from a peak of $5,600 to roughly $4,400 per ounce in...

- Tom Lee: Bitcoin, Ethereum Got Hit Hard, But The Bottom Is Close The crypto selloff has been deeper than anticipated, but Tom Lee sees price and timing align for a potential bottom. Crypto Selloff Deeper Than Expected In a CNBC Squawk Box interview on Monday, Lee, head of research at Fundstrat Global Advisors and CIO of Fundstrat Capital, said crypto's recent decline exceeded expectations despite solid fundamentals. He attributed the weakness to risk appetite rotating into gold and silver, which surged early in the year and sparked fear of missing out. That shift, combined with crypto's strong October performance, left digital assets without leverage or near-term catalysts. Lee said Fundstrat's technical advisor sees Bitcoin...

- Key Takeaways Peter Schiff has renewed the debate over whether Bitcoin has entered a prolonged bear market priced in gold, as Bitcoin’s price continued to plummet and gold rebounded sharply. Bitcoin critic Schiff also argued that China was “too smart” to get involved with Bitcoin, pushing back on recent comments from President Donald Trump. Bitcoin Bear Market? Peter Schiff Thinks So Schiff pointed to Bitcoin’s performance when priced in gold rather than U.S. dollars, claiming it has entered a bear market. In a follow-up post, Schiff defended his methodology for valuing Bitcoin against the precious metal. Bitcoin proponents typically measure gains in dollar terms. Schiff, however, has repeatedly argued that gold-adjusted prices...

- If you traded or earned cryptocurrency in 2025, you’re about to enter a new tax landscape. With the IRS rolling out new forms and tightening reporting rules, even small errors can lead to audits or unexpected bills. Tax experts explained seven red flags that signal you might be making costly crypto tax mistakes, and what to do about them. Ignoring Missing or Incomplete 1099-DA Forms In early 2026, investors will receive Form 1099-DA for the first time ever for any sales or exchanges during 2025 that were executed on so-called “centralized exchanges,” according to Jessalyn Dean, a crypto 1099 expert and managing director at Dune Consultants. Dean warned that centralized brokers have until early 2027 to issue these forms, so if you...