Author: driver789

On February 6, the price of the leading cryptocurrency fell to $60,000, the lowest since September 2024. It later partially recovered to the $65,000–66,000 range. 15-minute BTC ($64,879.00 · Live)/USDT ($1.00 · Live) chart on Binance. Source: TradingVIew. At the time of writing, bitcoin is trading at $65,889 (-6.6% over 24 hours). Altcoins fell in bitcoin’s wake: Ethereum briefly dipped to $1,756, Solana to $70 and BNB ($620.09 · Live) to $574. Total market capitalisation declined by 6.1% to $2.3 trillion. Source: CoinGecko. The sharp decline triggered a cascade of liquidations. According to CoinGlass, 24-hour forced closures reached $2.59 billion.…

Bitcoin is struggling to hold the $70,000 level as persistent selling pressure weighs on market sentiment and momentum. After months of volatility, recent price action suggests a fragile structure, with buyers repeatedly failing to reclaim higher resistance zones. Analysts increasingly warn that downside risks remain elevated as short-term investors continue to absorb losses rather than stepping in aggressively to accumulate. Related Reading A recent report from analyst Axel Adler highlights mounting stress among short-term holders. Data from the Bitcoin Short-Term Holders SOPR indicator shows that many participants are now realizing losses, with this cohort sitting roughly 25% below their average…

Payy has announced a privacy-enabled Ethereum layer 2 that it claims will make on-chain financial activity effectively “invisible” to the public eye. Summary Payy has launched a privacy-enabled Ethereum layer 2 that makes ERC-20 transfers from wallets like MetaMask private by default. The network functions by routing transactions through private ERC-20 pools. Payy, which operates a privacy-focused wallet and a Visa-powered crypto card, said in a Wednesday X post that its layer 2 network can now be integrated into MetaMask, and it will make ERC-20 transfers private by default without making any smart contract changes. “In the past, privacy always…

Shares of Strategy dropped sharply Thursday, tumbling more than 15 % in heavy trading as markets reacted to deepening weakness in Bitcoin and ahead of the company’s quarterly earnings report scheduled after the market close.  Analysts are pricing in a sizable post-earnings move for Strategy, with options markets implying a potential swing of roughly ±8.3% to 8.7% following the report.  The company’s Q4 2025 earnings call is set for later today at 5 p.m. ET, with a livestream available on Bitcoin Magazine’s YouTube channel. It’s been a rough week for Strategy, tumbling from the $150 range to sub $110 per…

US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling a key crypto bill.US Treasury Secretary Scott Bessent has told Congress that traditional and crypto banking products and services may be more intertwined in the future. Appearing before the Senate Banking Committee on Thursday, Bessent was asked by Republican Senator Cynthia Lummis whether there could come a time when conventional banks and crypto are offering the same types of products.“I think that can happen over time,” Bessent said. “We’ve actually been working with small and community…

Financial technology company Dakota launched a stablecoin infrastructure platform as more enterprises look to adopt digital dollars without taking on the operational and regulatory burden of custody and compliance.Dakota will handle custody, compliance and settlement on behalf of its clients. CEO Ryan Bozarth told Cointelegraph that the company operates in the US as a registered Money Services Business, while working with licensed banking and regulated payments partners in other regions. It is also pursuing Electronic Money Institution and Crypto-Asset Service Provider licenses in Europe.This arrangement, according to Bozarth, enables Dakota to offer cross-border money movement without customers becoming regulated financial…

Bitcoin’s Wall Street-like fear gauge has spiked to its highest level since the collapse of the FTX exchange in 2022, signaling intense market panic as prices plummeted to nearly $60,000.Volmex’s bitcoin volatility index (BVIV), which represents the annualized expected price turbulence over four weeks, jumped to nearly 100% from 56% on Thursday.The index serves as a crypto equivalent to Cboe’s VIX, the so-called fear/panic gauge, which indicates the 30-day implied volatility of the S&P 500 and rises during market panics as traders bid up options prices to hedge against declines in the index.The BVIV does the same more often than…

BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…

Bitcoin price extended its decline to $60,000. BTC is down over 10% and might struggle to recover easily above the $70,000 resistance. Bitcoin is attempting to recover but struggling to clear hurdles. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $62,500 and $61,200 levels. Bitcoin Price Dips Sharply Bitcoin price failed to remain stable above the $72,000 zone. BTC extended its decline…

Ethereum co-founder Vitalik Buterin has pushed back against what he described as a lack of originality in the current layer-2 and blockchain scaling landscape. Summary Vitalik Buterin criticized the growing trend of launching similar EVM-based layer-2 chains, arguing that copy-paste designs have slowed meaningful innovation in Ethereum’s scaling ecosystem. He said Ethereum’s base layer is already scaling and will provide significant blockspace, reducing the need for additional generic layer-1 networks or loosely connected EVM chains. Buterin urged developers to build systems that offer genuinely new capabilities and to align their branding with how closely their projects are actually connected to…