Large Bitcoin holders’ share of supply hits 9-month low amid price drop
Santiment says the pattern of large holders selling while retail scoops up Bitcoin is “what historically creates bear cycles.” Source: Cointelegraph
Crypto Sentiment Sinks to Lowest Level in 3.5 Years
Investor fear in crypto has sunk to levels last seen during the year of Terra’s collapse as macro pressures intensify. Source: Decrypt
Tether makes $150M investment in Gold.com in latest gold play
Tether and Gold.com are exploring options to allow the use of Tether’s stablecoins to purchase physical gold. Source: Cointelegraph
Banks and crypto could offer similar products in time: Bessent
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. Source: Cointelegraph
Senator Lummis Urges Banks to 'Embrace' Stablecoins Amid CLARITY Act Stalemate
The Wyoming Senator said stablecoins give banks an “entirely new financial product” as the crypto market structure bill faces a delay. Source: Decrypt
Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short
Crypto mining stocks have declined across the board the value of the entire crypto market fell almost 9% on Thursday. Source: Cointelegraph
Kalshi boosts surveillance ahead of Super Bowl with independent committee
Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes amid scrutiny of prediction markets by regulators and Congress. Source: Cointelegraph
Bitcoin Miners IREN and CleanSpark Slide After Earnings Misses Deepen Sector Pressure
Shares fell after both companies reported quarterly revenue below Wall Street expectations as Bitcoin dropped sharply. Source: Decrypt
Crypto sentiment at lowest point since 2022 crash as Bitcoin tanks to $60K
Bitcoin plummeted to a low of around $60,000 after the Crypto Fear & Greed Index hit its lowest score since mid-2022, when the Terra blockchain collapsed. Source: Cointelegraph
Does Bitcoin's Retreat Signal a New Bear Market for Crypto?
A single-day 14% drop and a drawdown of more than 50% have pushed Bitcoin into territory typically associated with bear markets. Source: Decrypt