Crypto News

- 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...

- Key Takeaways Michael Saylor reiterated his refusal to sell Bitcoin on Monday, even as Strategy’s vast BTC holdings fell below their average purchase price, drawing renewed criticism from market commentators who argue the company’s ability to support Bitcoin’s price is waning. Bitcoin’s latest decline has pushed the token below Strategy’s estimated cost basis of about $76,037, leaving the firm’s holdings underwater and intensifying scrutiny of Saylor’s debt- and equity-funded accumulation strategy. Strategy’s Bitcoin Price Position Turns Negative Strategy has accumulated more than 712,000 bitcoins since 2020, financing purchases largely through share issuance and convertible debt. The approach allowed the company to steadily...

Morning Minute: Trump's Crypto Entanglements Threaten CLARITY Act Timeline Today’s top news: 🏛️ Senator Murphy Accuses Trump of "Criminal Conduct" Over UAE Crypto Deal The President’s crypto ties once again have the broader industry’s legislative push in hot water. 📌 What Happened Senator Chris Murphy (D-CT) accused President Trump of “brazen, open corruption,” alleging the UAE secretly funneled $187M to Trump family entities via World Liberty Financial just days before his inauguration, then received restricted AI chip access in return. Senator Murphy alleged “potentially criminal conduct” tied to a $500M deal where UAE-backed Aryam Investment purchased 49% of World Liberty Financial four days before Trump took office. Senator...

- Sentiment Shifts on Strategy's Bitcoin Bid as Crypto Market Selloff Deepens Strategy's Bitcoin conviction is facing its toughest test yet as the crypto market enters a prolonged downturn. On prediction market Myriad, users now see a 36% likelihood that the Bitcoin treasury firm will sell some of its BTC holdings before year-end, up from 22% at the start of the week. The bearish shift comes as Bitcoin plunged below key support levels to trade at $76,039—just below the average purchase price of Strategy’s Bitcoin holdings. The cryptocurrency is down 2.9% in the past 24 hours, 15.4% over the past week, and 18.1% over the past month, according to CoinGecko data. Bitcoin is now down about 40% from its October peak of $126,080, with...

- Binance’s Mounting Troubles The most significant issue centers on Binance’s alleged role in the Oct. 10, 2025, crypto market flash crash, dubbed the “10/10” or “Black Friday” event. The crash liquidated roughly $19 billion in leveraged positions within 24 hours. While initially triggered by geopolitical factors, such as U.S. tariff threats on China, Binance’s technical issues—including delayed oracle price updates, index deviations for assets like USDe, and cascading liquidations due to thin liquidity—exacerbated the downturn. Critics, including OKX CEO Star Xu and Cathie Wood of Ark Invest, argue that Binance’s massive market share (41% spot, 29.3% derivatives), marketing campaigns, and system vulnerabilities amplified Bitcoin’s...

- Michael Burry Warns of Cascading Effects From Bitcoin Plunge Michael Burry, who rose to prominence for his wager against the US housing market ahead of the 2008 financial crisis, warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies that have spent the past year stockpiling the token. In a Substack post Monday, Burry argued that the original cryptocurrency, which has fallen 40% since peaking in October, has been exposed as a purely speculative asset, failing to take off as a debasement hedge similar to precious metals. Further losses, he said, could rapidly strain the balance sheets of major holders, force selling across the crypto ecosystem, and trigger widespread...

- Why Is Crypto Down Today? – February 4, 2026 After a single day of brief increases, the crypto market is down today. It fell 2.3% over the past 24 hours to $2.66 trillion. Moreover, 64 of the top 100 coins saw their prices decrease in this timeframe. Also, the total crypto trading volume stands at $160 billion. TLDR: Crypto market cap is down 2.3% on Wednesday morning (UTC); 64 of the top 100 coins and 7 of the top 10 coins have decreased; BTC decreased by 2.9% to $76,415, and ETH fell 1.7% to $2,281. GameStop liquidation hasn’t been confirmed, but its latest move alone was enough to spark market speculation. Altcoins remain range-bound with declining volatility. Michael Burry argued that BTC’s falls could trigger a $1 billion...

- Michael Burry Warns Bitcoin Price Drop Below $70K Could Lead to 'Sickening Scenarios' and Firm Bankruptcies — Here's Why Michael Burry, the investor known for betting against the U.S. housing market ahead of the 2008 crisis, warned that a deeper slide in Bitcoin (BTC) could set off what he called “sickening scenarios,” including forced selling and failures at crypto-linked firms. In a Feb. 2 post on his Substack, Burry laid out a set of downside thresholds — $70,000, $60,000, and $50,000 — that he argued could tighten financing conditions for big corporate holders and push weaker miners toward insolvency. Why Bitcoin at $70,000 Is the First Danger Line Burry’s starting point is that price declines can become funding problems. He...

- Crypto.com unveiled a standalone prediction markets platform on Tuesday ahead of the Super Bowl, while the exchange and other prediction platforms confront legal actions from state regulators targeting competing event-contract offerings. The platform, called OG, will offer CFTC-regulated sports event contracts alongside financial, political, cultural, and entertainment markets through Crypto.com's derivatives affiliate, Crypto.com | Derivatives North America (CDNA), according to a statement released Tuesday. “We’ve experienced 40x weekly growth in our prediction market business over the last six months,” Kris Marszalek, Co-Founder and CEO of Crypto.com, said in the statement. “This type of growth warrants a concerted effort with a...

- “Big Short” investor Michael Burry has often been critical of cryptocurrencies. For someone who correctly predicted the 2008 housing crisis and the 2000 dot-com bubble, his words often carry weight in market commentary. Burry is sounding the alarm on Bitcoin (BTC), once again, after the weekend's crypto market crash saw billions getting wiped out, and cryptocurrencies fell to new lows. Burry sees ‘sickening scenarios’ In a Substack post published on Feb. 2, Burry warned that Bitcoin's recent breakdown below key price levels could trigger cascading effects across crypto and adjacent markets. Burry argued that Bitcoin is failing a crucial test: proving itself as a durable hedge against currency debasement. Instead, he said, the...

- Key Takeaways A former adviser to U.S. President Donald Trump has cast doubt on long-standing bullish forecasts that Bitcoin could eventually reach $1 million, arguing that advances in AI will make it too transparent to support such valuations. Thor Torrens, a technology entrepreneur who has previously advised Trump-aligned political efforts, said in a post on X this week that Bitcoin’s public ledger would ultimately cap its upside. When asked to explain his reasoning, he added: "Public ledger. Too traceable now with AI, everyone will realize soon." Torrens’ Bitcoin Price Comments Spark Backlash Torrens’s remarks quickly drew sharp criticism from X commentators, with several dismissing his argument as technically flawed. One...

- To say that prediction markets have taken the world by storm would be an understatement. A recent report estimated that trading volume on prediction markets increased from under $100 million per month in early 2024 to more than $13 billion by the end of 2025. Prediction markets allow people to trade contracts tied to the outcome of future events. That's a fancy way of describing betting on events, from politics to sports. The risks involved in prediction markets position it alongside cryptocurrency trading and help explain the industry's explosive growth. It has launched companies such as Polymarket to mainstream fame and unlocked growth opportunities for Robinhood Markets. But as exciting as prediction markets are, there are...

- Bitcoin-Led Crypto Rout Erases Nearly $500 Billion in a Week (Bloomberg) — Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated. Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data. Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election in early November 2024 and ushered in a more crypto-friendly administration. The original cryptocurrency, which hit a 15-month low of $72,877 in the US, regained some ground Wednesday and was trading at around $75,900 as of 6:05 a.m. in New York. Despite a pro-crypto White House and surging institutional adoption, Bitcoin has plummeted...

- Bitcoin (CRYPTO: BTC) is the world's largest cryptocurrency. In fact, its $1.6 trillion market capitalization accounts for more than half the value of the entire industry, which is about $2.7 trillion as I write this. Bitcoin hit a record high of more than $126,000 last October, but it has since suffered a brutal decline of roughly 40% as investors cash in gains, and slash their exposure to highly speculative assets amid rising economic and political upheaval. The Case for Owning Bitcoin Bitcoin is a unique asset. It can't be controlled by any person, company, or government because it's fully decentralized, and it has a capped supply of 21 million coins, which creates the perception of scarcity. It is also built on a highly...

- Bitcoin Price Reversal In Motion? ETFs Dip Below $100B for First Time Since April 2025 For the first time in months, Bitcoin ETFs are holding less than $100 billion. According to Farside data, a $272 million wave of exits on February 3 pushed the sector below that major psychological milestone, ending a record-breaking streak for ETFs. As the dust settles, Bitcoin is trading at $76,312, after a volatile 24-hour period that saw it swing from a low of $72,897 to nearly $79,000. From Record Inflows to Rapid Exodus: Inside the $272 Million Bitcoin ETF Sell-Off The sell-off hit the biggest names in the industry hard. Fidelity’s fund saw a massive $148.7 million exit, while ARK’s ARKB posted $62.5 million in outflows. Grayscale’s GBTC...

- Crypto Winter Began in January 2025, but There Are Signs of Recovery Bitwise CIO Matt Hougan says the current crypto winter started far earlier than most market participants realized. In a recent article on X, Hougan argued that the drop effectively started in January 2025, even though strong institutional flows hid the damage across much of the market. Bitcoin is currently 40% down from its October 2025 peak of $126,080 while Ethereum has dropped 53%. The Crypto Fear and Greed Index has reached “extreme fear” levels, which places the market in winter conditions, explained Hougan. The expert noted that price action over the past year followed two separate timelines. Retail-focused assets entered a bear phase early in 2025, but...

- $200 Million Deployed: Why Binance’s Bitcoin Conversions Haven’t Moved the Market Binance has completed two $100 million batches of stablecoin-to-Bitcoin conversions from its Secure Asset Fund for Users (SAFU), totaling $200 million or 20% of its $1 billion target. The conversions are part of a 30-day plan announced on January 30, 2026, which aims to shift the SAFU Fund’s reserves from stablecoins into Bitcoin while maintaining a protective floor for user funds. Binance SAFU Fund Conversions: $200 Million In, Bitcoin Price Shows Little Reaction The first batch, announced and executed on February 2, involved 1,350 BTC, valued at about $100.7 million at the time, with Bitcoin trading near $77,000. The second batch, announced today...

- Forget Depressing Crypto News, Because BTC USD Shows Relative Strength Today Despite the chaos filling crypto news feeds, BTC USD has quietly shown relative resilience today. Funding rates across major exchanges stayed positive, hinting at a mild bullish bias even during the dip. Bitcoin dominance slid toward 60%, a level that usually comes before altcoin rotations, but this cycle, capital largely boomeranged back. People are bracing for more turbulence. Pentoshi floated a scenario where BTC USD revisits the $70,000–$74,000 range before rebounding into the mid $80,000s. So it’s not that bad if this scenario plays out. Just 4 years ago, Bitcoin fell by 80% on a bear market, and it’s more steady this time around. Warnings are...