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Gold Crashes 12% As $1.68B Crypto Liquidations Spill Into Precious Metals
Benzinga· 2026-01-30 21:58
Core Viewpoint - The recent 12% drop in gold prices and 33% decline in silver prices was primarily driven by mechanical factors related to overleveraged cryptocurrency positions rather than fundamental changes in the precious metals market [1][2][21]. Group 1: Causes of the Drop - A significant $1.68 billion wave of cryptocurrency margin calls triggered forced selling across various markets, leading to a chain reaction that affected gold and silver prices [2][4]. - Regulatory actions, including margin requirement increases by the CME Group and the Shanghai Gold Exchange, contributed to the selling pressure in precious metals [10][12]. - The mechanics of trading algorithms and portfolio margin accounts exacerbated the situation, forcing traders to liquidate positions in gold and silver to cover losses in cryptocurrencies [5][8][15]. Group 2: Impact of the Drop - Approximately 79% of the gold price decline was attributed to mechanical factors, with only 21% reflecting genuine market re-evaluation based on Federal Reserve policy [21][24]. - The forced liquidation of overleveraged positions resulted in a temporary market dysfunction, creating potential investment opportunities for long-term buyers [24][25]. - The market structure breakdown was evident in the ETF market, where the iShares Silver Trust traded at a significant premium, indicating a lack of liquidity and market maker participation [18][20]. Group 3: Future Outlook - The crash has reset the market, removing over-extended traders and allowing for a more stable trading environment moving forward [23][25]. - Long-term demand for precious metals remains strong, with countries like Poland and China continuing to increase their reserves [23]. - The next rally in precious metals is expected to be driven by fundamental demand rather than speculative trading, indicating a healthier market evolution [23].
X @Santiment
Santiment· 2026-01-30 21:49
RT Santiment (@santimentfeed)🧑💻 Here are crypto's top coins that are partially or fully associated with the Ethereum-based ecosystem, by development activity. Directional indicators represent each project's ranking positioning since last month:➡️ 1) @metamask $mUSD 🥇➡️ 2) @starknet $STRK 🥈➡️ 3) @chainlink $LINK 🥉📈 4) @radworks_ $RAD📉 5) @safecoin $SAFE➡️ 6) @ethereum $ETH📉 7) @decentraland $MANA📈 8) @worldcoin $WLD📉 9) @ethstatus $SNT📉 10) @cartesiproject $CTSI📖 Read about the Santiment methodology for fil ...
Gold Is the Real Bubble, Says Ark Invest's Cathie Wood—Not AI
Yahoo Finance· 2026-01-30 21:36
Group 1: Gold Market Insights - Gold has reached a new all-time high above $5,600, representing a significant percentage of the U.S. M2 money supply, according to Ark Invest [1] - Cathie Wood predicts that the gold price is likely to fall, noting that parabolic moves in asset prices often indicate the end of a cycle, asserting that the current bubble is in gold rather than artificial intelligence [2] - Following Wood's prediction, gold has experienced a nearly 9% decline in the last 24 hours, trading around $4,861 per ounce, while silver has dropped over 27% to approximately $83 [2] Group 2: Bitcoin and Crypto Market Perspectives - Wood argues that Bitcoin, with its capped supply, is a more compelling scarce asset compared to gold, highlighting that gold miners can increase production, which is not possible with Bitcoin [3] - Ark Invest maintains a strong interest in Bitcoin and crypto, holding significant positions in companies like Coinbase and Circle, as well as its own spot Bitcoin ETF, ARKB [4] - Wood has revised her Bitcoin price target to $1.2 million per coin by 2030, down from $1.5 million due to the rise of stablecoin adoption [3] Group 3: AI Investment Sentiment - Wood expresses that the current concerns regarding AI investments do not indicate a bubble, contrasting it with the tech and telecommunications bubble of the early 2000s [5] - Despite Wood's reassurances, some investors remain cautious about the substantial investments in AI, as evidenced by a more than 10% drop in Microsoft shares due to concerns over increased spending related to AI [5]
Crypto Investors Are Wondering When Bitcoin Prices Will Fall Into the 'Value Zone'
Investopedia· 2026-01-30 21:00
Core Insights - Bitcoin's price has fallen year-to-date, currently trading around $83,000, breaking below the $85,000 level and approaching lows not seen since April [1][3] - Despite significant purchases by a Bitcoin whale and developments in crypto legislation, investor sentiment remains bearish, with gold becoming a preferred hedge [2][4] - Industry experts are speculating on what price level will attract investors back into Bitcoin, with many still optimistic about its long-term outlook [3][6] Market Dynamics - Recent outflows from Bitcoin ETFs totaled approximately $985 million over three days, indicating a lack of investor confidence [4] - The Senate Agriculture Committee passed a key crypto bill aimed at regulatory clarity, but progress has stalled in the Senate Banking Committee, suggesting ongoing legislative challenges [4][5] - The nomination of Kevin Warsh, a Bitcoin supporter, as the next Fed chair has not significantly impacted Bitcoin prices, indicating limited influence from political developments [5][6] Price Projections - Analysts suggest that Bitcoin may approach a "value zone" in the mid-$70,000s, indicating a potential further decline of about 10% [7] - The price of Bitcoin has decreased by approximately 20% over the past year, reflecting ongoing market challenges and lack of clear catalysts for recovery [7]
Prediction: These 2 Popular Cryptocurrencies Could Plunge by 50% (or More) in 2026
Yahoo Finance· 2026-01-30 20:35
Core Viewpoint - The cryptocurrency market is facing significant downward pressure, particularly for popular tokens like XRP and Dogecoin, which may present risks for investors in 2026 [1]. Group 1: XRP - XRP's price increased by 71% last year but ended the year down 10%, primarily due to regulatory challenges with the SEC regarding whether XRP should be classified as a security [2]. - The SEC dropped its appeal against Ripple, which was seen as a victory for both Ripple and the broader cryptocurrency industry, leading to a temporary bullish sentiment around XRP [3]. - Despite the positive narrative, XRP's price has significantly declined, and the utility of XRP as a bridge currency in cross-border transactions is questioned, suggesting a potential price drop to $1 by year-end [4][5]. Group 2: Dogecoin - Dogecoin is characterized as a meme coin with minimal real-world application or utility, making it less viable compared to other cryptocurrencies like Bitcoin and Ethereum [6]. - The price of Dogecoin is heavily influenced by social media narratives, with its only significant price spike occurring in November 2024, linked to the U.S. presidential election [7].
2 Important Changes Coming to Cryptocurrency Trading in 2026
Yahoo Finance· 2026-01-30 20:17
Group 1 - The cryptocurrency market has transitioned from a niche, loosely regulated space to a mainstream market with tighter regulations, leading to the rise of blue chip tokens like Bitcoin and Ether while many smaller meme coins have declined [1] - A new regulatory framework for the cryptocurrency market has been drafted by U.S. senators, which, if enacted, would clarify the classification of crypto tokens and shift regulatory authority to the Commodity Futures Trading Commission (CFTC) from the Securities and Exchange Commission (SEC), potentially attracting more retail and institutional investors [2] - There is an anticipated shift in investor interest from traditional cryptocurrencies to stablecoins and tokenized real-world assets, which could enhance market participation but may also divert attention from more speculative tokens [3]
Amboss Unveils RailsX: Lightning DEX Connects Bitcoin to $9.5 Trillion FX Market
Yahoo Finance· 2026-01-30 19:59
Amboss Technologies launched RailsX, a Lightning-native, peer-to-peer (P2P) decentralized exchange, at the PlanB Forum in El Salvador on Jan. 30, 2026. Unlike other exchanges that build separate protocol layers, RailsX executes trades entirely via the Lightning Network. Transactions work as circular self-payments: funds route through existing Lightning channels, exchange assets atomically, then loop back to the sender. This eliminates custodial intermediaries and cross-chain bridge risks while maintaining ...
Bitwise CIO Matt Hougan says bitcoin could hit $6.5 million in 20 years
Yahoo Finance· 2026-01-30 19:54
Core Insights - Bitcoin is expected to trade sideways between approximately $75,000 and $100,000 in the first half of the year, with a potential breakout later as regulatory clarity improves and macro risks are digested [7] - The surge in gold prices reflects global concerns about fiat currencies and asset seizure risks, which may funnel demand toward Bitcoin as a superior form of self-custody and settlement [7] - Central banks are beginning to explore Bitcoin, asking fundamental questions about its security and risks, with expectations that they may own Bitcoin in the future, potentially more than gold, but this adoption is likely 10 to 20 years away [7] Market Dynamics - The current market shows a lot of Bitcoin available for sale around $100,000, indicating a need for patience before significant price movements [7] - Silver is viewed as a late-stage momentum trade, similar to speculative altcoins, which may influence Bitcoin's demand dynamics over time [7] - The declining volatility of Bitcoin is critical for institutional adoption, with Bitcoin now being less volatile than Nvidia, a stock many investors already hold [7] Long-term Outlook - The long-term price target for Bitcoin is projected to be around $6.5 million per coin over the next 20 years, based on the continuation of global debt growth, money printing, and currency debasement [7] - Regulatory clarity in Washington could accelerate the next bull phase for Bitcoin, but it is not deemed necessary for the long-term trajectory of the cryptocurrency [7] - The fundamentals for Bitcoin are considered strong, with expectations for continued expansion of ETFs, stablecoins, and tokenization, suggesting a favorable outlook for 2026 [7]
Athena Bitcoin to Attend Plan ₿ Forum El Salvador 2026; Country Manager Fernando Córdova to Represent the Company in San Salvador
Accessnewswire· 2026-01-30 19:30
Athena to host an onsite Bitcoin kiosk experience at MARTE Museum, highlighting regulated, user-friendly access to Bitcoin across Latin America (LATAM) SAN SALVADOR, EL SALVADOR / ACCESS Newswire / January 30, 2026 / Athena Bitcoin announced today it will attend Plan Forum El Salvador, taking place January 30-31, 2026 at the MARTE Museum (Museo de Arte de El Salvador) in San Salvador, El Salvador. Athena Bitcoin's Country Manager for El Salvador, Fernando Córdova, who oversees regional expansion across Lati ...
BITCOIN & ALTCOIN CRASH: EMERGENCY UPDATE (New Trade)!!! - Bitcoin News Today, Ethereum & Altcoins
Crypto World· 2026-01-30 18:49
Welcome back to the channel everyone. My name is Josh and right now Bitcoin is still repeating history, continuing to dump towards the downside as we've just seen the Bitcoin ETFs dump hundreds of millions of dollars worth of Bitcoin over the last one day. But in the immediate short term, the price of Bitcoin is now starting to run into this crucial area of support that I'll talk about in just a moment alongside Ethereum, which is now flashing a new signal in the short term that we need to pay attention to. ...