Live Feed

Bitwise has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for a Uniswap (UNI) ETF, The Block reported.

As Bitcoin falls into the $63,000 range, an analysis suggests options traders are pessimistic about a short-term price recovery. Cointelegraph reported that the recent decline was triggered by weak U.S. employment data and concerns over massive capital expenditures in the AI sector. The outlet noted that options traders see only a 6% probability of BTC recovering to $90,000 by the end of March. The outlet added that on Deribit, a call option to buy BTC at $90,000 on March 27 traded for $522, indicating a low perceived probability of a sharp price increase. Conversely, a put option to sell BTC at $50,000 on the same date traded for $1,380, suggesting that the market sees a higher probability of further declines than a rally.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,107.77 on the Binance USDT market.

BTC has risen by 1.74% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $63,999.99.

U.S.-listed mining companies CleanSpark (CLSK) and Iris Energy (IREN) have announced fourth-quarter earnings that fell short of expectations, The Block reported. Iris Energy posted revenue of $184.7 million for the period, missing the market consensus of $224 million. The company recorded a net loss of $155.4 million, a sharp downturn from its net profit of $384.6 million in the previous quarter. Meanwhile, CleanSpark's fourth-quarter revenue reached $181.2 million, up 11.6% year-over-year but about $13 million below market estimates. The company also reported a net loss of $378.7 million, compared to a net profit of $246.8 million in the same period last year.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,929.03 on the Binance USDT market.

A meeting on stablecoins is scheduled to be held at the White House this month, Eleanor Terrett, host of Crypto in America, reported on X, citing Dan Spuller, Vice Chairman of the Blockchain Association. The meeting will be attended by figures from the cryptocurrency and banking industries.

Whale Alert reported that 200,000,000 XRP has been transferred from Ripple to an unknown wallet. The transaction is valued at about $234 million.

Ki Young Ju, CEO of CryptoQuant, said on X that the leverage ratio in the BTC/USDT perpetual futures market is cooling down rapidly. He noted that while excessive long leverage had been sustained for the past two years due to inflows from MicroStrategy and spot ETFs, this trend is now changing. Ju predicted the estimated leverage ratio will fall to its January 2024 level, prior to the approval of spot Bitcoin ETFs. This follows a statement he made in November 2024, when he pointed out that leverage in the BTC/USDT futures market was 2.7 times higher than at the beginning of that year. At the time, he warned that while it was uncertain how much the price of BTC would rise, the pain from a leverage unwind would be significant.

The pressure on Bitcoin miners could intensify as the price of BTC has plummeted nearly 50% from its October high, Decrypt reported. Julio Moreno, a senior analyst at CryptoQuant, explained that the average cost for a miner to produce one BTC is estimated to be between $70,000 and $80,000. He noted this is higher than the current price of Bitcoin. The outlet added that, considering various other factors, the mining cost for publicly listed BTC mining companies is estimated to average between $60,000 and $80,000. Consequently, miners could face a crisis as the price of BTC continues to fall.

Dollar stablecoin issuer Tether announced it has acquired a 12% stake in Gold.com for $150 million. The move will facilitate the use of its Tether Gold (XAUT) token on the Gold.com platform.

BTC has risen by 1.71% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $64,201.47.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,201.47 on the Binance USDT market.

MicroStrategy has announced its financial results for the fourth quarter of last year. During the period, the company's net loss was $12.5 billion, a significant increase from the $670 million loss reported in the same quarter of the previous year. Total revenue was $123 million, an increase of 1.9% year-over-year. The net loss under Generally Accepted Accounting Principles (GAAP) was $42.93 per share, a substantial shift from the net income of $3.03 per share in the same period a year earlier. The company recorded a digital asset impairment loss of $1 billion. As of Feb. 1, its BTC holdings totaled 713,502, with an average purchase price of $76,052 and a return of 22.8% for the fourth quarter. Additionally, MicroStrategy held $2.3 billion in cash and cash equivalents at the end of last year, up significantly from $38.1 million at the end of the prior year.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,952.7 on the Binance USDT market.

Bitcoin's hash price, the expected daily revenue per unit of hash power, has plunged to an all-time low of approximately $0.03 per terahash, Bloomberg reported. Citing data from crypto mining services firm Luxor Technologies, the report noted that the network's mining difficulty is expected to fall by more than 13% in the next adjustment. While some miners are diversifying revenue by converting data centers for artificial intelligence (AI) related tasks, the majority of their income still comes from mining. Profit margins are reportedly being squeezed by rising electricity costs and power outages resulting from severe weather.

Major exchanges have seen $563 million worth of futures liquidated in the past hour. In the past 24 hours, $2,080 million worth of futures have been liquidated.

Bitcoin's Relative Strength Index (RSI) has fallen to 17 amid panic selling in recent weeks, a level that suggests the potential for a significant rally beyond a simple rebound, according to an analysis by Coindesk. The report notes that Bitcoin has only been this oversold on two previous occasions: the 2018 bear market bottom, when the RSI hit 9.5, and the March 2020 crash triggered by the COVID-19 pandemic, when it reached 15.6. As of yesterday, Bitcoin's RSI stood at 17.6. Coindesk highlighted that both prior instances were followed by sharp price increases. In 2018, the price more than quadrupled from $3,150 to $13,800 in eight months. Following the 2020 drop, Bitcoin surged from $3,900 to an all-time high of $65,000 in just over a year.

The three major U.S. stock indices closed lower today. - S&P 500: -1.2% - Nasdaq: -1.59% - Dow Jones: -1.2%

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,100 on the Binance USDT market.

BTC has risen by 1.53% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $63,635.22.

Rick Wurster, CEO of U.S. brokerage Charles Schwab, said that while prediction markets can be helpful to investors, their sports betting component conflicts with the company's core mission. In an interview with The Block, he explained that prediction markets have three functions, only two of which are meaningful for investors. First, they offer insights into the probability of various events, which is beneficial information. Second, these markets are directly linked to economic indicators like inflation and employment data, which can be useful for investors looking to hedge or adjust their portfolios before macroeconomic events. The third function, sports betting, is what the company struggles with, Wurster noted, as it runs contrary to Schwab's mission. He stated, "We will leave this business to companies that position themselves in gambling, such as FanDuel and Robinhood."

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,880.32 on the Binance USDT market.

Major exchanges have seen $456 million worth of futures liquidated in the past hour. In the past 24 hours, $1,948 million worth of futures have been liquidated.

The widespread downturn across crypto, gold, and stock markets has triggered forced deleveraging, but this stems from a general liquidity problem rather than issues inherent to any specific asset, BeInCrypto reported. The report highlighted that Bitcoin, gold, and silver have all posted their largest weekly declines in months. This unusual correlation is not a shift in investor preference but a reflection of broad, portfolio-wide risk aversion, which the outlet described as a mechanical response to liquidity pressures. At the heart of the turmoil is U.S. monetary policy, with the analysis noting that the Federal Reserve's actions have failed to reassure the market.