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XRP Leads Crypto Losses as Ethereum, Dogecoin Prices Crater Alongside Bitcoin
Yahoo Finance· 2026-02-05 16:35
Market Performance - XRP experienced a significant decline, dropping 15% in the last 24 hours and approximately 28% over the past week, trading at $1.30 [1] - Ethereum fell 6% on the day, losing about 30% of its value in the last week, trading at $1,985 [3] - Dogecoin decreased by 8% to $0.09, shedding nearly 19% over the past week [3] - BNB dropped 9% in the past day, losing 23% in the past week, trading at $666 [3] - Solana fell about 8% in the past day and is 27% lower than the previous week, trading at $85 [3] XRP Specifics - XRP's price dipped to $1.28, marking the lowest since November 2024, and it recorded the largest daily drop among the top 100 cryptocurrencies [2] - XRP trading volume surged by 57%, with over $11 billion worth of coins traded in the past 24 hours [5] - The liquidation of XRP derivatives contracts exceeded $47 million, with nearly $44 million being long positions [4] Market Capitalization and Company Holdings - The global crypto market capitalization fell by 7.4% to $2.37 trillion, down from a peak of over $4.2 trillion in September 2025 [6] - Evernorth, an XRP treasury firm, reported a $446 million unrealized loss on its XRP holdings, which have decreased in value to approximately $501 million since a $947 million purchase in late October [6][7] - XRP ETFs saw $5.9 million in volume and net inflows of $6.9 million on Wednesday, indicating a slowdown but not a complete withdrawal [7]
Cathie Wood Loads Up On Coinbase, Circle, Robinhood As Crypto Market Gripped By 'Extreme Fear' Amid Bitcoin Crash - Coinbase Global (NASDAQ:COIN)
Benzinga· 2026-02-04 02:33
Cryptocurrency Market Overview - Leading cryptocurrencies, including Bitcoin, experienced a significant selloff, with Bitcoin dropping below $73,000, marking its lowest level since November 2024, resulting in over $750 million in liquidations amid "extreme fear" sentiment [1] - The global cryptocurrency market capitalization decreased to $2.59 trillion, with analysts suggesting a potential short-term relief rally despite prevailing bearish expectations [1] Circle and Coinbase Trades - Circle, the issuer of USDC, saw its stock decline by 4.59% on the same day Bitcoin fell [2] - Ark Invest's ARKF fund purchased 3,510 shares of Coinbase Global Inc for approximately $630,606, while Coinbase's stock price dropped by 4.36%, closing at $179.66 [3] Market Pressure on Crypto Equities - Shares of Coinbase and other crypto-related companies traded lower after Bitcoin fell below $80,000, influenced by a tightening U.S. liquidity environment affecting high-risk assets [4] - The sell-off impacted crypto equities as investors reacted to ETF losses and declining market confidence across the sector [4] Ark Invest's Trades in Digital Assets - ARKF, ARKK, and ARK Next Generation Internet ETF funds collectively bought 89,677 shares of Robinhood, valued at around $7.8 million [5] - ARKF and ARKW funds acquired a total of 135,131 shares of ARK 21Shares Bitcoin ETF, valued at approximately $3.4 million, despite the ETF experiencing a 1.97% decline, closing at $25.36 [6] - ARKF and ARKK funds purchased 125,218 shares of Bullish, valued at approximately $3.5 million, with Bullish's stock declining by 3.93%, closing at $27.64 [8] Ark's Investment Strategy - Ark's investment in Bullish aligns with its strategy of supporting companies integral to the trading and exchange of digital assets, with Bullish backed by PayPal co-founder Peter Thiel [9] - Coinbase accounted for 3.52% of Ark's portfolio by weight, while Bullish represented 1.15%, with Ark's Bullish holdings valued at $138.6 million at the time of writing [9] Additional Insights - Benzinga Edge Stock Rankings indicate that Coinbase stock has a Value in the 55th percentile and a Momentum in the 4th percentile [10]
Bitcoin Exchange Reserve Surges, Market Needs Fresh Demand
Yahoo Finance· 2026-02-03 10:46
Bitcoin recently dropped to $74,000 after failing to hold the November lows, extending a sharp pullback that has weakened short-term momentum. At the time of writing, the cryptocurrency is trading around $78,000 as the market sees a short-term relief. The 14-day Relative Strength Index has fallen into deeply oversold territory amid intense downside pressure. According to Glassnode, spot trading volume has rebounded during the move, but it is more consistent with risk repositioning than fresh demand. ...
Bitcoin faces macro hurdles at $88,000 pivot: QCP Capital
Yahoo Finance· 2026-01-28 14:18
Bitcoin prices recovered to the $88,000 level on Wednesday following a sharp sell-off earlier in the week, effectively resetting the market before a series of economic events, according to a QCP Capital market update. QCP Capital described the current price action as a technical recovery facing a “Wall of Worry” that includes a Federal Reserve decision and a looming government funding deadline. The trading and investment firm identified the $88,000 level as a critical “trap door” for the cryptocurrency. ...
Why Is Crypto Up Today? – January 27, 2026
Yahoo Finance· 2026-01-27 12:01
Market Overview - The cryptocurrency market capitalization is largely unchanged, currently at $3.05 trillion, with a slight increase of 0.1% over the past 24 hours [5] - 77 of the top 100 coins have posted price increases, indicating a mixed performance across the market [5][4] - Bitcoin (BTC) is trading at $87,702, having decreased by 0.1%, while Ethereum (ETH) rose by 0.3% to $2,901 [4][10] Price Movements - River (RIVER) experienced a significant drop of 32.6%, reverting nearly all gains from the previous day, now priced at $58.14 [2] - Provenance Blockchain (HASH) saw a notable increase of 19.3%, reaching $0.02739, while Hyperliquid (HYPE) rose by 22.6% to $27.28 [2] - Among the top 10 coins, Solana (SOL) had the highest increase at 1%, currently priced at $123, while Tron (TRX) fell by 0.3% to $0.2942 [3] Investor Sentiment - The crypto market sentiment remains in the fear zone, with the fear and greed index at 29, unchanged from the previous day [12][13] - Investors are currently favoring traditional safe-haven assets due to rising geopolitical risks, leading to a defensive stance among both retail and institutional crypto investors [6][4] ETF Activity - US BTC spot ETFs broke a five-day outflow streak, recording inflows of $6.84 million, bringing total net inflows to $56.5 billion [13][14] - In contrast, US ETH ETFs outperformed BTC ETFs with inflows of $116.99 million, breaking a four-day red streak, resulting in total net inflows of $12.42 billion [15][16] Technical Analysis - The $90,000 level for Bitcoin is identified as a psychological battleground, with resistance now at the $90,500-$91,200 zone [11][9] - If Bitcoin falls below $86,400, it could drop to $84,400, while a move above $90,500 could lead to prices reaching $89,500, $90,500, $93,300, and $95,500 [11] - Ethereum's price movements indicate that a rise above $2,950 could push it back above $3,000, while a drop could lead to levels between $2,750 and $2,850 [12]
Bitcoin, Ethereum, XRP, Dogecoin Crash Alongside Stocks Amid Trump's Greenland Tariff Threats: Analyst Sees 'Optimal Conditions' For BTC Breakout - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2026-01-21 01:57
Market Overview - Leading cryptocurrencies experienced significant declines, with Bitcoin dropping 3.95% to $88,951.35 and Ethereum falling 6.76% to $2,965.89, amidst heightened market volatility due to President Trump's tariff threats [1][2][3] - The global cryptocurrency market capitalization decreased by 4% to $3 trillion within 24 hours, reflecting a broader sell-off in the market [5] Trading Activity - Bitcoin's trading volume surged by 76% over the last 24 hours, indicating increased market activity during the sell-off [3] - Approximately $1.7 billion was liquidated from the cryptocurrency market, with a billion worth of leveraged long positions disappearing [3] Market Sentiment - The Crypto Fear & Greed Index indicated a shift in market sentiment from "Fear" to "Extreme Fear," suggesting heightened anxiety among investors [4] - Despite the downturn, Bitcoin whale investors have continued to accumulate, with addresses holding between 10 and 10,000 BTC acquiring 36,322 tokens over the last nine days, marking a 0.27% increase [8][9] Company Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. and Coinbase Global Inc., saw declines of 7.76% and 5.57%, respectively, reflecting the negative sentiment in the broader market [3]
Bitcoin price slides on Trump’s Greenland threat. Why $10,000 is back in play, says Bloomberg analyst
Yahoo Finance· 2026-01-19 09:39
Market Reaction - Bitcoin's price fell by 3% following US President Trump's tariff threats against NATO allies, impacting global markets [1] - The cryptocurrency is currently trading just under $93,000, having lost much of its gains from earlier in 2026 after reaching a peak of $97,500 [2] - The US dollar's value has also declined, with US stock futures showing a downward trend [3] Geopolitical Impact - Analysts have expressed concerns about potential retaliatory actions that could negatively affect the US economy, with public opinion of the US reportedly declining [2] - The European Council warned that the tariffs could damage transatlantic relations and lead to a "dangerous downward spiral," emphasizing Europe's commitment to sovereignty [2] Bitcoin's Market Dynamics - The recent selloff highlights Bitcoin's vulnerability to geopolitical events, as it moved in tandem with traditional markets rather than acting as a safe-haven asset [4] - Market sentiment is bearish for Bitcoin, with only 10% of bettors on Polymarket predicting a new all-time high by March [4] Analyst Insights - Bloomberg Intelligence strategist Mike McGlone noted that Bitcoin's inability to maintain key long-term averages in 2025 could indicate a potential decline towards $10,000 [5] - McGlone pointed out the "poor risk-adjusted performance since 2021" and the "unlimited crypto supply" as factors suggesting further downside risks [5] Investor Activity - Despite the bearish outlook, some investors remain optimistic, with Michael Saylor's firm continuing to purchase Bitcoin, including a recent acquisition of $1.3 billion [6] - Prominent trader Arthur Hayes has predicted that Bitcoin's price could reach $110,000 by 2026 [6] Current Market Status - Bitcoin is currently down 2.3% over the past 24 hours, trading at $92,968, while Ethereum has dropped 2.9% to $3,207 [8]
Crypto Market Liquidations Hit $870 Million as EU Escalates Trump Tariff War
Yahoo Finance· 2026-01-19 09:10
Bitcoin and the broader cryptocurrency market faced another selling pressure soon after the EU-US trade war escalated further. The crypto market liquidations have soared to $870 million, with the EU preparing for another $100 billion in tariffs, dubbed as trade bazooka, amid Trump’s rising threats to annex Greenland. Crypto Market Faces Strong Selling Pressure Again The broader crypto market has once again come under strong selling pressure as Bitcoin failed to cross the $100K resistance last week. In t ...
Bitcoin, Ethereum, XRP, Dogecoin Slip After Crypto Bill Stalls In Senate: BTC Could Jump To $105,000 If This Pattern Holds, Says Analyst
Benzinga· 2026-01-16 02:03
Market Overview - Leading cryptocurrencies experienced a decline after a significant cryptocurrency bill stalled in the Senate due to opposition from major industry players [1][3] - The global cryptocurrency market capitalization decreased by 1.26% in the last 24 hours, standing at $3.23 trillion [6] Cryptocurrency Performance - Bitcoin (BTC) fell by 1.29% to $95,485.03 after reaching a two-month high of $97,000, with trading volume dropping by 13% [2][3] - Ethereum (ETH) saw a minor decline of 0.82%, settling at $3,306.90, while XRP and Dogecoin dropped by 2.66% and 4.23%, respectively [2][3] - Over $320 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations making up 81% of the total [4] Market Sentiment - The Crypto Fear & Greed Index indicated a shift in market sentiment from "Greed" to "Neutral" [5] Company Stock Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down by 4.70% and 6.48%, respectively [4] Future Outlook - Analysts from B2BINPAY noted that Bitcoin's market structure remains bullish, suggesting a potential move to $100,000–$105,000 if it holds above the $94,000–$95,000 range [9][10]
Bitcoin ETFs Draw in $754M as BTC Clears $95K
Yahoo Finance· 2026-01-14 13:19
Core Insights - Bitcoin's price surge to $95,000 has led to significant inflows into U.S. spot Bitcoin ETFs, totaling $753.7 million on January 13, marking the strongest single day of inflows in three months [1][2] Group 1: Market Dynamics - The recent rally in Bitcoin, reaching a two-month high, is attributed to renewed institutional demand and a breakout above $91,000 after a period of consolidation [3] - Total net assets across all U.S. spot Bitcoin ETFs have increased to approximately $123 billion, representing about 6.5% of Bitcoin's total market cap of $1.89 trillion [4] Group 2: Institutional Behavior - Institutional rebalancing, improved macro sentiment, and the recognition of ETFs as providing regulated demand are driving factors behind the recent inflows [2] - Fidelity's FBTC led the inflows with a net flow of $351.36 million, followed by Bitwise's BITB and BlackRock's IBIT with net flows of $159.42 million and $126.27 million, respectively [3] Group 3: Future Outlook - The sustainability of the current momentum into Q1 is uncertain, with analysts suggesting that institutional demand may be more selective and cautious due to volatile ETF flows and high opportunity costs associated with non-yielding assets like Bitcoin [5] - The broader crypto market capitalization has increased by 3.3% to $3.32 trillion, influenced by the momentum from Bitcoin [5] Group 4: Regulatory Developments - Altcoins such as XRP, Solana, and Dogecoin have seen price increases of 2% to 6%, driven by optimism surrounding a new draft crypto market structure bill that could provide clearer regulatory status [6] - Analysts view the proposed legislation as a potential paradigm shift, which could lead to increased institutional inflows into altcoins and prompt other tokens to pursue ETF strategies [7]