Altcoins News
By Evie Vavasseur
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Bitcoin's slide isn't over yet. Galaxy Digital's head of research Alex Thorn told clients the crypto could drift toward $70,000 and maybe hit the 200-week moving average near…
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The world's largest cryptocurrency fell roughly 15% from January 28 to January 31, with Saturday's brutal 10% drop triggering over $2 billion in liquidations across derivatives…
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Thorn said roughly 46% of Bitcoin's circulating supply now sits underwater. That's the kind of stuff you see in late-stage bear markets, and it usually means more downside ahead.
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Bitcoin's realized price sits near $56,000, while the 200-week moving average hovers around $58,000.
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But here's what's really bothering analysts: Bitcoin can't rally with gold and silver despite economic uncertainty.
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Some optimism exists though. Long-term holder selling averaged $500 million per day in 2025 but started decreasing recently.
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Market watchers remember 2020 when capital rotated from gold into Bitcoin, sparking a major rally.
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Galaxy Digital stays cautious for now. Thorn said concrete evidence of a market bottom remains elusive, but if Bitcoin revisits its realized price or the 200-week moving average,…
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Institutional interest adds another wrinkle. Some institutions paused or cut their Bitcoin exposure amid the volatility, while others view big corrections as strategic entry…
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The correlation breakdown with traditional assets raises questions too. Bitcoin historically moved with gold during economic stress, but the current divergence - gold gaining…
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As February moves forward, crypto stakeholders watch for macroeconomic shifts that could impact Bitcoin's path.
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Galaxy Digital remains vigilant, assessing market data and historical trends to gauge Bitcoin's recovery points.
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For now, Bitcoin hovers around these critical thresholds while traders wait for clearer signals.
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Bitcoin closed Friday near $76,000, still searching for direction.
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The Federal Reserve's recent hawkish stance on interest rates compounds Bitcoin's struggles.
The Currency Analytics
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