Bitcoin Breaks $84K Support, Drops 13% Weekly To Confirm Bear Market Below 100-Week SMA

Bitcoin Price Weekly Outlook

Last week, we were expecting the critical $84,000 support level to break, and to the bulls’ dismay, it did. Bitcoin had a small bounce after the prior week’s close, then proceeded to dump down through the $84,000 support level all the way down to $75,600 on Saturday, before moving up a little to close the week out at $76,919. Bitcoin dropped 13% last week, so we may see a bounce early this week back to $80,000 or so, but continuation downwards should be expected before too long.

Key Support and Resistance Levels Now

The bulls are reeling this week after losing that key $84,000 support level. We are seeing a little bit of a bounce early on…

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Ripple Lands Big Regulatory Win In Europe—So Why Is XRP Bleeding?

Ripple on Monday secured full Electronic Money Institution approval from Luxembourg’s financial regulator, pushing its global license count past 75, but XRP (CRYPTO: XRP) plunged to $1.64 despite the regulatory milestone.

The Luxembourg EMI License

Luxembourg’s Commission de Surveillance du Secteur Financier granted Ripple final EMI authorization, converting preliminary approval from January 14 into a full license. 

This allows Ripple to scale its payments and digital asset services across the entire European Union.

Building on recent momentum, Ripple received both an EMI license and crypto asset registration from the UK’s Financial Conduct Authority last month. 

The UK approval came…

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Crypto Fugitive With $56M In Bitcoin Arrested In Venezuela

Venezuelan authorities have arrested Rosa María González, a key figure in the collapse of Argentine crypto firm Generación Zoe, nearly four years after the scandal left tens of thousands of investors defrauded. 

González, 30, was taken into custody in San Cristóbal, Táchira state, following an Interpol operation.

González is accused of fleeing Argentina with 611 Bitcoin, worth roughly $56 million today. She had spent years evading authorities, reportedly moving between apartments in Buenos Aires with private security before crossing into Venezuela, according to local reports. 

Her arrest comes almost exactly one year after Leonardo Cositorto, the founder of…

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The Core Issue: Letter From The Editor

Bitcoin is a distributed system. 

That means there is no center. To make a pun, no “core.” Bitcoin exists because of everyone participating in some way; buying and hodling, sending and receiving, running a node, mining, building some service or protocol on top of it. It exists as the culmination of everyone adding their contributing piece of the whole. 

But underneath all of those contributions and pieces, Bitcoin is ultimately a network run by software. Without that software, no one can buy and hodl, no one can send and receive, or run a node, or mine, or contribute any piece to form any whole. Without software, there is no Bitcoin. 

Software doesn’t write itself….

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Tom Lee’s BitMine Down $6B On Ethereum, But Here’s Why He Keeps Buying – BitMine Immersion (AMEX:BMNR)

BitMine Immersion Technologies (NYSE:BMNR) is sitting on over $6 billion in paper losses after Ethereum (CRYPTO: ETH) crashed from $3,000 to $2,300, yet chairman Tom Lee added 41,788 ETH last week at an average price of $2,317.

The Underwater Position

BitMine now holds 4.285 million ETH—representing 3.55% of total Ethereum supply—worth approximately $9.6 billion at current prices. 

The position peaked at nearly $14 billion in October before the recent selloff.

Lee’s Conviction Despite Losses

Tom Lee defended the accumulation strategy on CNBC, pointing to strengthening Ethereum fundamentals despite price weakness.

Network activity hit all-time highs. Ethereum daily transactions reached…

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Michael Saylor Uses ‘Dry Powder’ To Add 855 BTC To Strategy’s War Chest, But Jim Cramer Is Not Impressed

Strategy (NASDAQ:MSTR) bought 855 Bitcoin (CRYPTO: BTC) at an average price of $87,974 last week as CNBC’s Jim Cramer questions whether executive chairman Michael Saylor has enough capital left to defend the sell-off.

The Ill-Timed Purchase

Strategy acquired 855 BTC for $75.3 million between January 26 and February 1, funding the purchase entirely through selling 673,527 Class A shares that generated $106.1 million in net proceeds.

Bitcoin crashed below $75,000 over the weekend, putting the fresh purchases immediately underwater. 

The company now holds 713,502 BTC acquired for $54.26 billion at an average price of $76,052 per coin.

With Bitcoin trading around $77,000, Strategy’s entire…

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Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for January 2026 of its Virtune Crypto Altcoin Index ETP

Stockholm, 2nd of February 2026 – Virtune AB (Publ) (“Virtune”) today announces that it has completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm, Nasdaq Helsinki and Xetra (ISIN code SE0023260716).

In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETPVirtune Staked Ethereum ETPVirtune Stellar ETPVirtune Staked Solana ETPVirtune Staked Polkadot ETPVirtune XRP ETPVirtune Avalanche ETPVirtune Litecoin ETPVirtune Chainlink ETPVirtune Arbitrum ETPVirtune Polygon ETPVirtune Staked Cardano ETPVirtune Crypto Top 10 Index ETP SEKVirtune Crypto Top 10 Index ETP EURVirtune Bitcoin Prime…

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Bitcoin Had A Brutal Dip To $74,500. Here’s What’s Happening

Bitcoin is stabilizing slightly today after one of its most punishing weeks in years, but the damage across crypto markets has already been done.

The bitcoin price fell below $80,000 over the weekend for the first time since April 2025, briefly plunging to lows near $75,000 amid cascading liquidations and a broader sell-off across global risk assets. 

As of early Monday, BTC was trading around $78,400, up about 1% on the day, according to Bitcoin Magazine data, after shedding roughly 12% over the past seven days.

That decline has erased more than $200 billion from bitcoin’s market capitalization, capping a brutal stretch that saw the asset lose roughly $800 billion in…

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Bitcoin Is Not Broken, Raoul Pal Says: The Real Reason For The Dump To $78,000

Macro investor Raoul Pal sees the recent selloff in Bitcoin (CRYPTO: BTC) and crypto as a temporary U.S. liquidity squeeze, not a broken market cycle.

Why Bitcoin Is Not Broken

In his latest Global Macro Investor essay, Pal pushed back against claims that Bitcoin and crypto are structurally damaged, arguing the current weakness is driven by macro liquidity dynamics rather than a collapse in fundamentals.

He noted Bitcoin’s decline closely mirrors weakness in tech stocks, pointing to a shared macro driver.

Both asset classes are long-duration and highly sensitive to liquidity conditions, he said, making them vulnerable during periods of tightening.

According to Pal, U.S. liquidity has been…

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