Leverage Unwinds Pound XRP: $47M in Liquidations as Fear Index Hits 11 and ETFs Trickle In

XRP sinks 15% to $1.30 amid $1.43B in crypto liquidations. Evernorth’s XRP stash sits $446M underwater as ETFs post small net inflows while sentiment dives into extreme fear.

Stifel Flags $38K as Possible Bitcoin Low as Fed Hawkishness and Dollar Decoupling Bite

Stifel says Bitcoin could sink to $38K, modeling a 70% drawdown. A tougher Fed, Kevin Warsh’s nomination, dollar decoupling, and tech stress form the backdrop.

Bitcoin Slides Under $67K as AI Risk-Off Ripples Through Crypto

Bitcoin fell below $67,000, hitting levels last seen before Trump’s 2024 win. Risk-off in AI-linked equities spilled into crypto as weekly losses deepened across BTC, ETH, and SOL.

Bhutan Moves $22.4M in BTC to QCP as Bitcoin Slides, Signaling Treasury Hedging Over Panic

Bhutan’s DHI routed 284.85 BTC ($22.4M) to market maker QCP amid a 44% BTC drawdown, a move that looks like routine treasury hedging—not distress—as its sovereign crypto strategy expands.

Bitcoin slump rekindles four-year cycle chatter — why K33 views an 80% crash as unlikely in today’s market

Bitcoin’s pullback has traders invoking the four-year cycle. K33 Research argues an 80% drawdown is unlikely in an ETF- and institution-shaped market structure.

Bessent pressed in heated House hearing; rejects notion that Treasury can ‘bail out bitcoin’ amid questions on Trump-linked World Liberty Financial

In a tense House hearing, Treasury Secretary Scott Bessent faced questions on Trump-linked World Liberty Financial and said Treasury lacks authority to “bail out bitcoin.”

The Daily: Bitcoin slide renews four-year cycle fears, BitMine’s Tom Lee calls unrealized ETH losses ‘a feature, not a bug,’ and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ]]>

USDT’s Record Q4 User Growth Coincides With $192.9B Reserves and a 96,184 BTC War Chest

USDT logged record user growth in Q4 as Tether’s reserves rose $11.7B to $192.9B, including 96,184 BTC. Here’s what that signals about trust, risk, and stablecoin market structure.

Bitcoin slips under $71,000, marking the weakest print since October 2024 as crypto equities sell off

Bitcoin fell below $71,000 to its lowest level since Oct 2024. Crypto stocks followed: Coinbase closed down 6.14% and Bitmine dropped 9.17% on Wednesday amid risk-off positioning.

Bitcoin’s Inflation-Hedge Pitch Gets Stress-Tested as Leverage Flush Drives Price Below $72K

Bitcoin slipped under $72k amid $654M in crypto liquidations. Long-term holders trimmed, gold diverged, and traders eye a possible $60k retest as ETF flows stay uneven.