The Bitcoin Fear & Greed Index has fallen to 25, indicating a period of ‘Extreme Fear’ in the market as Bitcoin slid below $90k for the first time since August 2024. However, the last time Bitcoin reached this level, it preceded a 78% surge to around $88k by November. When Bitcoin was last around $88k, …
Monthly archives: February 2025
Bitcoin faces possible plunge to $70,000 if ETF sell-offs persist – Arthur Hayes
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, has cautioned that Bitcoin’s price could drop as low as $70,000 due to ongoing bearish momentum. This comes as Bitcoin recently slumped to a three-month low of $88,273—its lowest point since mid-November, according to CryptoSlate data. Why BTC price might fall further In a …
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Bitcoin crash forewarned by analysts citing sustained negative growth territory
Bitcoin (BTC) price movements reflected a period of consolidation before dropping below $90,000 after BTC failed to break above its all-time high in February. According to the latest edition of the “Bitfinex Alpha” report, macroeconomic uncertainty worsens this scenario. Over the past week, Bitcoin fluctuated within a 6.5% range, peaking at $99,574 on Feb. 21 …
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OKX aims for regulatory ‘gold standard’ after $500 million settlement with US authorities
OKX aims to become a leader in regulatory compliance after resolving a $500 million settlement with US authorities. On Feb. 24, OKX CEO Star Xu acknowledged past lapses in compliance but stressed that US customers only represented a small fraction of their user base. Xu stated the company’s commitment to enhancing its regulatory practices and …
Bitcoin plunges to three-month low as market volatility triggers $1.3 billion in liquidations
Bitcoin’s price slipped below $90,000 in the past 24 hours, reaching a level last seen in mid-November 2024. According to CryptoSlate data, the flagship digital asset fell by over 6% during this period, hitting a low of $88,273. This marks the asset’s lowest point this year and a three-month low. The market downturn extended to …
Sam Bankman-Fried tweets from prison, aligns himself with DOGE efficiency philosophy
Sam Bankman-Fried has evidently posted tweets from prison after a period of silence. His online remarks on Elon Musk’s X, the first in more than two years and since his incarceration following the collapse of FTX, contain reflections on workforce management and broader industry trends. In a series of tweets, SBF seemingly expressed sympathy for …
Faith Rekindled: El Salvador Buys Bitcoin Again After One-Week Hiatus
El Salvador has resumed its bitcoin purchase schedule, buying 7 BTC after a one-week hiatus, which raised concerns among bitcoiners. The reason for the pause in the bitcoin acquisition schedule remains unknown. President Bukele Re-Ignites the Faith: El Salvador Buys Bitcoin Again El Salvador has resumed its bitcoin purchases after a week of hiatus, according …
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Latam Insights Encore: Tether Prepares for Business Model Erosion, Doubling Down in Latam
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how Tether is expanding both its foothold and its business to pivot from a model that is on the verge of a dramatic expansion to a Latam-focused general crypto company. Latam …
Record 32.5% of Australians Hold or Have Owned Cryptocurrency, Study Finds
A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in the …
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Tariff Tumble: Bitcoin Falls Below $90K, Amid Trade War Turmoil
Bitcoin failed to maintain its price in Tuesday’s early hours, falling to nearly $88,600 and losing its $90,000 key support zone as investors ran to more stable assets in the wake of a new trade war. The top cryptocurrency had shown weakness the day before but managed to hover over the $90K mark on a …
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Stablecoin Payments at POS Terminals Coming to UAE via AFS, Ternoa
Arab Financial Services, a Middle East and Africa digital payments provider, has partnered with Ternoa to introduce cryptocurrency payments in the United Arab Emirates. Stablecoin Payments at POS Terminals Arab Financial Services (AFS), a digital payment solutions provider focused on the Middle East and Africa, announced on Feb. 24 that it had partnered with Ternoa …
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Study: South Africa’s DeFi Market Volume Set to Hit $180M by 2028
A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (DeFi) activities are gaining traction, with projected volume expected to reach …
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Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited
Infini, a Hong Kong stablecoin neobank, confirmed a $49 million hack due to exploited administrative privileges, just days after a massive breach at Bybit. Infini: Runway Still Solid The Hong Kong stablecoin neobank, Infini, confirmed on Feb. 24 that hackers breached its platform and investigations were underway. In a statement shared via X, the neobank …
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Trader Who Nailed 2021 Crypto Collapse Warns of Coming Bitcoin Meltdown, Unveils When BTC Could Bottom Out
An analyst known for correctly timing the 2021 crypto crash is warning that Bitcoin (BTC) is getting close to witnessing a waterfall event. Pseudonymous analyst Dave the Wave tells his 148,300 followers on the social media platform X that Bitcoin is currently testing whether support at around $90,000 will hold. According to the crypto strategist, …
Altseason Canceled? How Trading Syndicates, Scams and Geopolitics Buried Hopes for Growth
HodlX Guest Post Submit Your Post Today, the cryptocurrency market resembles a theatrical performance in which insiders write the script and unsuspecting retail investors play the roles of the extras. While altcoins are falling, meme coins turn into minefields and liquidity remains locked in exchange-traded funds (ETFs), institutions are accumulating Bitcoin but aren’t injecting free …