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Why Is Cathie Wood Buying More BitMine As Ethereum Plummets? Ark Invest Doubles Down as Tom Lee Defends Strategy
Yahoo Finance· 2026-02-04 12:32
Key Takeaways Cathie Wood’s ARK Invest added more than $44 million in crypto-linked equities, including BitMine, Robinhood, and Circle. BitMine chairman Tom Lee defended the firm’s Ethereum treasury model despite billions of losses. Analysts say Ethereum’s price lacks momentum. Cathie Wood’s ARK Invest increased its exposure to crypto-linked equities this week, buying shares of BitMine and other digital-asset firms, despite Ethereum’s sharp price drop and mounting sector-wide losses. The purchase ...
X @CryptoJack
CryptoJack· 2026-02-04 12:21
#BTC IS TRADING INSIDE AN EXPANDING WEDGE AND IS CURRENTLY AT THE LOWER SUPPORT ZONE. https://t.co/lOpSIcOYDk ...
ARK Invest goes on $19 million buying spree as crypto stocks nurse losses
Yahoo Finance· 2026-02-04 12:16
Ark Invest bargain hunted for a second straight day Tuesday, snapping up shares in cryptocurrency companies worth $19 million. The St. Petersburg, Florida-based investment manager bought $2.41 million worth of shares in Circle (CRCL) and added $3.46 million and $631,000 of Bullish (BLSH) and Coinbase (COIN) shares respectively, according to an emailed disclosure. Bullish is the parent company of CoinDesk. ARK also bought $7.81 million worth of crypto-friendly investment platform Robinhood (HOOD), $3.25 ...
Why Is Crypto Down Today? – February 4, 2026
Yahoo Finance· 2026-02-04 12:08
Market Overview - The crypto market cap has decreased by 2.3% to $2.66 trillion, with 64 of the top 100 coins experiencing price drops [5][6] - Bitcoin (BTC) has fallen by 2.9% to $76,415, while Ethereum (ETH) has decreased by 1.7% to $2,281 [5][4] - The total crypto trading volume is reported at $160 billion [6] Performance of Specific Coins - Cosmos Hub (ATOM) and PAX Gold (PAXG) are among the best performers, increasing by 4.4% and 3.5% to $2.09 and $5,106 respectively [2] - Dogecoin (DOGE) and Figure Heloc (FIGR_HELOC) saw minor increases of 0.3% and 0.2% [3] - Solana (SOL) experienced the largest drop at 6.5%, trading at $97.8 [3] Market Sentiment and Trends - The crypto fear and greed index has dropped to 14, indicating extreme fear among market participants, the lowest level since late November 2025 [12] - Market analysts suggest that current conditions reflect a phase of compression rather than a clear trend, indicating that patience and risk management are crucial for investors [8][9] ETF Activity - US spot Bitcoin ETFs recorded outflows of $272.02 million, while Ethereum ETFs saw minor inflows of $14.06 million [13][14] - Ark Invest continued to purchase assets during the downturn, acquiring approximately $3.25 million of Bitmine Immersion Technologies and $2.4 million of Circle Internet Group [16] Technical Analysis - Bitcoin is currently trading within a tight range, with Bollinger Bands indicating extreme volatility compression [9] - Analysts warn that sustained closes below the monthly Bollinger basis could precede significant market movements in the future [9]
Bit Digital (NasdaqCM:BTBT) Earnings Call Presentation
2026-02-04 12:00
Capital allocator to productive digital infrastructure Investor Presentation | February 2026 Strategic Asset Company (SAC) www.bit-digital.com @BitDigital_BTBT Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequently filed Quarterly Reports on Form 1 ...
BTC ETFs sees over $270M in outflows as prices remain under pressure
Invezz· 2026-02-04 10:48
Assets under management in US spot Bitcoin exchange-traded funds slipped below $100 billion on Tuesday, following renewed investor withdrawals and a sharp downturn across the broader cryptocurrency ma... ...
Crypto Crash: Is Bitcoin a Buy After Its 40% Plunge?
Yahoo Finance· 2026-02-04 10:20
Core Viewpoint - Bitcoin, the largest cryptocurrency, has a market capitalization of $1.6 trillion, representing over half of the total cryptocurrency market valued at approximately $2.7 trillion [1] Group 1: Market Performance - Bitcoin reached a record high of over $126,000 last October but has since declined by roughly 40% as investors reduce exposure to speculative assets amid economic and political instability [1][2] - The cryptocurrency has experienced two significant crashes of at least 70% in the past decade but has recovered to set new record highs on both occasions [2] Group 2: Investment Perspective - Bitcoin is characterized as a unique, decentralized asset with a capped supply of 21 million coins, which creates a perception of scarcity [3] - Despite its potential to transform the financial system or serve as a store of value, Bitcoin struggles with its identity, with mixed opinions among investors regarding its future [4] Group 3: Historical Returns - Over the past decade, Bitcoin has delivered an extraordinary return of 20,810%, outperforming real estate, the stock market, and gold [5] Group 4: Adoption and Future Outlook - The case for owning Bitcoin may be narrowing, as there is little evidence to support its adoption as a global currency, with only 6,714 businesses accepting it as payment compared to 359 million registered businesses worldwide [6] - Even prominent Bitcoin advocates, such as Cathie Wood, have expressed doubts about its future, reducing long-term price targets due to competition from stablecoins, which offer lower volatility [7]
Tether’s Fundraising Plans Quietly Collapse — Is the $500B Valuation Too Much?
Yahoo Finance· 2026-02-04 10:02
Key Takeaways Tether initially aimed to raise $15–20 billion in fresh capital while targeting a $500 billion valuation in 2025. A 23% drop in net profit to $10 billion, combined with rising investor caution, forced the firm to scale back its fundraising ambitions. The once-hyped fundraising quietly lost momentum and appears to have collapsed amid broader crypto market turmoil. Tether, issuer of the world’s largest stablecoin USDT, announced in September 2025 plans to raise $15–20 billion via a pr ...
Tether Scales Back on Planned $15B Fundraising: Report
Yahoo Finance· 2026-02-04 09:11
Group 1 - Tether has reduced its funding round target from $15 billion to $20 billion to potentially as low as $5 billion due to investor pushback on its $500 billion valuation [1][2] - The company generated approximately $10 billion in profit last year, primarily from yield on reserves backing USDT, indicating strong profitability and no immediate need for capital [3][2] - Tether's balance sheet resembles that of a large financial institution, holding over $122 billion in direct US Treasuries and having total Treasury exposure exceeding $141 billion [4] Group 2 - Tether has launched USAT, a US-regulated stablecoin, which is fully compliant with new federal stablecoin regulations, differentiating it from USDT [6] - The launch of USAT positions Tether in direct competition with other stablecoins like Circle's USDC and new entrants from major financial institutions [7] - Tether is actively engaging with US policymakers and law enforcement, collaborating with nearly 300 law enforcement agencies across over 60 countries [7]
Galaxy CEO Mike Novogratz Points To Quantum Uncertainty As 'Big Excuse' Behind Early Investors Selling Off Bitcoin: 'Not A Huge Issue' - Coinbase Global (NASDAQ:COIN)
Benzinga· 2026-02-04 04:54
Group 1 - The CEO of Galaxy Digital Inc., Mike Novogratz, believes that concerns regarding quantum computing's impact on Bitcoin are exaggerated and referred to them as a "big excuse" for selling by Bitcoin whales and long-term holders [1][2] - Novogratz expressed confidence that Bitcoin's core developers will adapt the code to be quantum-resistant as quantum computing technology advances [2] - He noted that the behavior of early Bitcoin investors, particularly profit-taking, is influencing market dynamics, suggesting that once selling begins, it can lead to a cascading effect [3] Group 2 - Galaxy Digital reported a loss per share of $1.08 for the fourth quarter, which was wider than the anticipated loss of 52 cents per share, attributed to falling digital asset prices [4] - The trading activity for Galaxy Digital weakened significantly, with digital asset trading volumes dropping approximately 40% quarter over quarter following a strong third quarter [4] - Following the earnings report, Galaxy shares fell 16.87% during regular trading and an additional 0.64% in after-hours trading, indicating a negative price trend [5]