Robinhood Markets (NASDAQ: HOOD) reports its latest earnings numbers tomorrow, and the stock could use a boost. Entering trading on Monday, shares of Robinhood were down 22% since the start of the year. Despite posting some strong growth in recent quarters, the stock has been coming under some significant pressure of late. What is behind the stock's recent downturn, and could there be more trouble ahead for Robinhood, or could this be an ideal time to load up on the growth stock? Will AI create the world' ...

🚨 🚨 🚨 🚨 🚨 1,500 #BTC (106,264,321 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/MKYPq9NzSW ...

🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,210 #BTC (156,570,788 USD) transferred from Coinbase Institutional to unknown new wallethttps://t.co/ctjvTngZ3j ...

Breaking a familiar pattern, bitcoin (BTC) is on the rise during the U.S. session, climbing to $70,800 after falling to just above $68,000 earlier in the day. Bitcoin is now higher by 0.5% over the past 24 hours, with ether (ETH), XRP (XRP) and solana (SOL) ahead closer to 1.5% over the same time frame. Risk assets are generally in the green on Monday, with the Nasdaq up 1% and the S&P 500 up 0.5%. Gold is ahead 1.9% to $5,075 per ounce, and silver is up 7.4% to $82.50 per ounce. "What we are experienc ...

🚨 🚨 🚨 🚨 🚨 🚨 1,943 #BTC (137,652,448 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/Tew51zl2Er ...

🧡 and 🔄 if you’re an OG ...

Crypto things you might have missed:-White House stablecoin talks resume Feb 10-CFTC updates rules for stablecoins-Bitcoin critical support $68k-Institutions bought the dip on BTC & ETH-CME launches ADA, LINK, XLM futures-21Shares files for ONDO ETF- Crypto Com x AI Com ...

On this day in 2011, Bitcoin hit $1. The rest is history. https://t.co/fWCVnZ45EI ...

Core Viewpoint - Bitcoin and other cryptocurrencies are experiencing significant declines, with Bitcoin's seven-day loss exceeding 22% as of February 5, 2024, and it is probing levels last seen in late 2024, needing to nearly double to reclaim its all-time high [1] Group 1: Market Conditions - Over $1 trillion in cryptocurrency market value has evaporated in a week, leading to a cautious sentiment among investors [1] - Bitcoin's relative strength index (RSI) is currently at 17, indicating it is historically oversold, a condition that has only occurred twice before during significant market downturns [1] Group 2: Historical Context - Previous instances of Bitcoin being this oversold occurred at the lows of the 2018 bear market and during the 2020 bear market caused by the COVID pandemic, both of which led to substantial price recoveries [1] - In 2018, Bitcoin increased from $3,150 to $13,800 over eight months, and in 2020, it surged from $3,900 to a cycle high of $65,000 within a year [1] Group 3: Trading Opportunities - Despite the current market weakness, astute traders may view the oversold conditions as an opportunity, especially as liquidity between $70,000 and $80,000 has been effectively wiped out [1]

Market Overview - Bitcoin fell below $70,000, trading at approximately $68,540, marking a 3% decline after a volatile week [1] - The cryptocurrency experienced significant fluctuations, dropping to $60,033 on Thursday, its lowest since October 2024, before rebounding above $70,000 on Friday [1] Market Sentiment - Caroline Mauron from Orbit Markets noted that while crypto markets have stabilized, uncertainty remains, with $60,000 identified as a key support level and $75,000 as a potential breakout point signaling the end of the bear market [2] - The Bitcoin Volmex Implied Volatility Index surged above 97%, indicating heightened volatility during last week's selloff, the largest intraday increase since the FTX collapse in 2022 [2] Institutional Activity - Despite Bitcoin's decline from a peak of $126,000 in October last year, there is a backdrop of increasing institutional adoption and a crypto-friendly regulatory environment [3] - On February 6, US Bitcoin exchange-traded funds saw inflows of $221 million as investors looked to capitalize on the dip following the market's selloff [3] Technical Analysis - Sean McNulty from FalconX described the current market mood as "guardedly constructive," suggesting that the recent turbulence has eliminated speculative excess and left the market with stronger fundamentals [4] - Analysts indicate that as long as Bitcoin remains above its 200-week moving average of $58,000, there is potential for a rebound towards resistance levels of $73,000 to $75,000 [4] - A move above $75,000 could pave the way for further gains towards $81,000 [5]