Searching for a Bottom in Bitcoin: Below $80,000 Worries Investors
Bitcoin fell 7% in the last 24 hours to $79,666, the first time it has fallen below $80,000 since November 11, 2024. The decline was attributed to uncertainty over the Trump administration’s tariffs and crypto regulations, a decline in global investor confidence and the negative sentiment created by the $1.5 billion ETH attack on the Bybit exchange.
by Darkex Research – 1 min read
SEC Decision: Memecoin Is Not a Security, Investors Must Bear Their Own Risks
The US Securities and Exchange Commission (SEC) announced that memecoins are not subject to federal securities laws. The SEC stated that these assets are primarily used for recreational, social and cultural purposes and, like collectibles, are driven by market demand and speculation.
by Darkex Research – 1 min read
SEC to Drop Enforcement Action Against ConsenSys and MetaMask
According to CoinDesk, the SEC plans to withdraw its enforcement action against ConsenSys’ wallet tool MetaMask. ConsenSys CEO Joe Lubin said SEC commissioners must approve the decision, but emphasized that the company is prepared for the long-term fight.
by Darkex Research – 1 min read
Uniswap Launches Fiat Withdrawal Functionality Integrating Robinhood, MoonPay and Transak
Uniswap Labs has announced a new feature that allows users to withdraw crypto assets to their bank accounts by converting them to fiat currency directly in the Uniswap wallet. The integration was made possible in partnership with Robinhood, MoonPay and Transak and covers more than 180 countries.
by Darkex Research – 1 min read
US Core Personal Consumption Expenditures Price Index (Annual) was announced as 2.6%.
Expectation: 2.6%, Previous: 2.8%
by Darkex Research – 1 min read
US Non-Farm Payrolls to be Critical for Fed’s Future Steps
S&P Global Market Intelligence stated that the monthly employment data (non-farm payrolls) to be released by the US on Friday will shape the Fed’s interest rate decisions. The unemployment rate fell from 4.1 percent to 4.0 percent, while wage growth rose to 4.1 percent. Markets will closely monitor the impact of the data on interest rate cuts.
by Darkex Research – 1 min read
US Loosening Crypto Regulations Could Lead to Future Financial Crises
The European Central Bank stated that the Trump administration’s loose crypto policies could increase financial risks with leverage and high valuations. The ECB pointed out that deregulation in the US could threaten financial stability, suggesting that it could lay the groundwork for possible future crises.
by Darkex Research – 1 min read
Tether CEO: Bitcoin will be the only currency in the future, USDT will cease to function
Tether CEO Paolo Ardoino predicted that in the future Bitcoin will surpass all legal currencies and become the only valid currency worldwide. Legal tender systems will collapse due to hyperinflation and USDT will eventually become obsolete, Ardoino said.
by Darkex Research – 1 min read
U.S. Spot Bitcoin ETFs Have Exited for Eight Days in a Row, Losing $3.2 Billion
According to The Block, US-traded Bitcoin ETFs experienced net outflows totaling $3.2 billion over eight days. So far in February, only four days have seen net inflows. This is the longest outflow streak in the fund’s history, equaling the outflow record set in August 2024.
by Darkex Research – 1 min read
Ethereum Foundation: All Security Issues in Pectra Update Resolved
The Ethereum Foundation announced the results of the audit of the Pectra update to system contracts and announced that all critical vulnerabilities have been fixed. The Foundation also launched a two million dollar bug bounty program on Cantina.
by Darkex Research – 1 min read
Deribit: Bitcoin Is 23.4 Percent Likely to Surpass $90K by the End of March
Lin Chen, head of Deribit’s Asia-Pacific business, said that according to data in the options market, Bitcoin has a 23.4 percent chance of exceeding $ 90,000 by the end of March and 56.13 percent by the end of the year.
by Darkex Research – 1 min read
James Butterfill, head of research at CoinShares, said total outflows hit a record high of $2.6 billion, but most transactions have now been completed and selling pressure has subsided.
by Darkex Research – 1 min read
CZ Downturns are Part of the Free Market
Changpeng Zhao, founder of Binance, said about the market decline, “This is part of the free market. If you feel stressed, you should consider scaling down your investment.”
by Darkex Research – 1 min read
Greeks.live: 75K and $67-70K Support Zones for Bitcoin
Macro analyst Adam stated that after Bitcoin’s sharp decline from $ 94,000 to $ 80,000, investors are watching the $ 75,000 and $ 67-70,000 levels as potential support points.
by Darkex Research – 1 min read
Disclaimer
The Daily News published on Darkex are for informational purposes only and do not constitute financial or investment advice. All investment decisions and associated risks are solely the responsibility of the investor.
Click for Market Pulse news articles prepared by the Darkex Research Team.
