Bitcoin Reclaims $70K As XRP Rallies 20%, Ethereum, Dogecoin Gain Over 10% Heading Into The Weekend – Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

Bitcoin rose about 12% in a single day to reclaim the $70,000 level, even as market sentiment remained in Extreme Fear territory and roughly $2 billion in leveraged positions were liquidated.

Notable Statistics:

Coinglass data shows 418,215 traders were liquidated in the past 24 hours for $1.93 billion.

SoSoValue data shows net outflows of $434.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $80.8 million.

In the past 24 hours, top gainers include XDC Network, XRP and Hedera.

Notable Developments:

Trader Notes: Trader Altcoin Sherpa expects short-term Bitcoin bounces in the coming days but cautions against assuming a full recovery. He noted…

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Bitwise CIO Matt Hougan Says 2022-Style 77% Crypto Crash Is Unlikely, But More Downside Possible – Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

Bitcoin (CRYPTO: BTC) has fallen about 15% over the past week and more than 20% over the past month, prompting questions about what’s driving the decline and how much further prices could fall.

Six Reasons For Bitcoin Declines

Bitcoin’s recent sell-off has rattled investors, but Bitwise CIO Matt Hougan says a deep, prolonged crash like 2022 is unlikely even if volatility persists.

In a recent memo, Hougan said crypto’s weakness is being driven by several overlapping factors rather than a single catalyst.

He outlined six main pressures: long-term investors selling early to front-run the four-year cycle, retail attention shifting toward AI stocks and precious metals, a major leverage…

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XRP Surges 25% In Last 24 hours—What's Going On?

XRP (CRYPTO: XRP) surged 25% after Ripple outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger designed to make the network viable for regulated financial activity, positioning XRP as a settlement and bridge asset.

The Institutional DeFi Blueprint

Ripple outlined how XRP Ledger will attract banks and financial institutions by solving their biggest concerns: verifying who’s using the network, enabling private transactions, and offering lending facilities.

Here’s what’s already working: the ledger can verify user identities before letting them trade, process multiple transactions at once, and create different types of tokens. 

Coming soon are lending markets…

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Strategy ($MSTR) Soars 25% As Bitcoin Bounces Off Lows

Shares of Strategy ($MSTR) surged sharply Friday, lifting more than 25% at times, trading near $133, after a brutal prior session left the bitcoin‑linked stock deeply oversold. 

The jump comes as markets stabilized and bitcoin rebounded from multi‑week lows to around $71,000, injecting newfound demand into equities tied to digital assets.

Friday’s rally reversed a dramatic sell‑off on Thursday, during which MSTR shares plunged to multi‑year lows on earnings losses and renewed pressure in crypto markets. 

From a macro perspective, Strategy’s stock movement has tracked bitcoin’s sharp swings. As the leading corporate holder of bitcoin, MSTR’s performance is…

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‘No Reasonable Scenario’ Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen – Strategy (NASDAQ:MSTR)

Strategy Inc (NASDAQ:MSTR) shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is “no reasonable scenario” forcing the company to sell Bitcoin (CRYPTO: BTC) despite trading underwater on its holdings.

The Bull Case Amid Carnage

TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is “better positioned than ever” to participate in a potential recovery, even as the premise looks strained amid steep declines. The company’s shares are down 13.4% so far in 2026, adding to a 47.5% slump last year.

The volatility looks intentional ― analysts noted Strategy’s common stock is designed to be about 1.5 times more volatile than Bitcoin. 

Benzinga

Bitcoin Price Roars Above $71,000 After Days Of Sell-Offs

The bitcoin price rebounded sharply Friday after a steep sell-off over the previous 24 hours, climbing briefly climbing above $71,000, a jump of $11,000 from its $60,000 low earlier in the 24-hour session. 

The move came after several turbulent market sessions that saw the flagship cryptocurrency break key psychological support levels in a matter of hours. On Thursday, February 5, the Bitcoin price plunged as global financial markets deteriorated, with major stock indices sliding sharply and pushing investors out of riskier assets. 

The sudden downturn was linked to broader macroeconomic stress, including weak earnings reports and steep declines in technology stocks, which…

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Bitcoin Price Roars Above $70,000 After Days Of Sell-Offs

The bitcoin price rebounded sharply Friday after a steep sell-off over the previous 24 hours, climbing briefly above $70,000, a jump of $10,000 from its $60,000 low earlier in the 24-hour session. 

The move came after several turbulent market sessions that saw the flagship cryptocurrency break key psychological support levels in a matter of hours. On Thursday, February 5, the Bitcoin price plunged as global financial markets deteriorated, with major stock indices sliding sharply and pushing investors out of riskier assets. 

The sudden downturn was linked to broader macroeconomic stress, including weak earnings reports and steep declines in technology stocks, which intensified…

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Strategy ($MSTR) To Lead Bitcoin Quantum Defense, Says Saylor

Strategy’s ($MSTR) Executive Chairman Michael Saylor said on the company’s fourth-quarter 2025 earnings call that Strategy will initiate a Bitcoin Security Program. The effort is meant to coordinate with the global cyber, crypto, and Bitcoin security community.

In the call, Saylor framed quantum computing as a long-term engineering challenge rather than an immediate danger. He said the technology is likely more than a decade away from posing a serious risk to Bitcoin’s cryptography.

During the call, Strategy displayed a slide titled “Quantum and our Commitment to Bitcoin Security.” It listed quantum concerns as the latest form of Bitcoin “FUD,” alongside past fears…

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Bithumb Mistakenly Sends Bitcoin To Users, Sparks Selloff

South Korea-based cryptocurrency exchange Bithumb reportedly made an operational mistake that led to the accidental deposit of large amounts of Bitcoin to user accounts during a promotional event.

The exchange had planned to distribute small cash rewards through a “Random Box” event at around 6 p.m. local time. Winners were supposed to receive between 20,000 and 50,000 Korean won. 

Instead, staff reportedly entered the payment unit as Bitcoin rather than won.

As a result, some users received at least 2,000 BTC each, worth roughly 196 billion won per person based on prices near 98 million won per Bitcoin at the time, according to social media screenshots and… Read more on BitcoinMagazine

Bitcoin’s ‘Infinite’ Paper Supply — Not Wall Street — Is The Real Problem, Says Analyst – Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

As Bitcoin (CRYPTO: BTC) slid back from recent highs, some market voices blamed outdated narratives such as four-year cycles or technical anomalies. Others argue the issue runs much deeper.

BTC’s ‘Theoretical Infinite’ Supply

Veteran technical analyst Bob Kendall said Bitcoin is no longer priced by on-chain scarcity or the fixed 21-million supply.

Once financial layers were added, including futures, perpetuals, options, ETFs, lending products, wrapped BTC and swaps, Bitcoin effectively lost scarcity at the point of price discovery. Supply can now be synthetically created, making BTC trade more like gold or oil in derivatives-heavy markets.

As a result, Kendall said price is driven by the…

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