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3 Feb 2026, 18:58
Bitcoin’s Dramatic Price Slump Instills Fear Among Traders
Bitcoin's price hits new lows, worrying traders with its latest plunge. Geopolitical tensions and market instability accelerate Bitcoin's downward spiral. Continue Reading: Bitcoin’s Dramatic Price Slump Instills Fear Among Traders The post Bitcoin’s Dramatic Price Slump Instills Fear Among Traders appeared first on COINTURK NEWS .
3 Feb 2026, 18:55
Bitcoin Plummets: Stunning Drop to Lowest Level Since 2024 Election Shakes Crypto Market
BitcoinWorld Bitcoin Plummets: Stunning Drop to Lowest Level Since 2024 Election Shakes Crypto Market On November 7, 2024, Bitcoin (BTC) experienced a significant market correction, dropping to a price point not seen since the immediate aftermath of the U.S. presidential election. According to data from CoinMarketCap, the premier cryptocurrency is currently trading at $74,076.43, marking a notable 5.43% decline. This sudden Bitcoin price movement has captured the attention of investors and analysts worldwide, prompting a deep examination of the interplay between digital asset markets and geopolitical events. The drop was initially reported by the financial news outlet WatcherGuru via the social media platform X, highlighting the rapid dissemination of market-moving information in the digital age. Bitcoin Price Reaches Critical Post-Election Low The recent downturn represents a pivotal moment for the cryptocurrency market. Consequently, analysts are scrutinizing the data to understand the underlying causes. Bitcoin’s price action often serves as a bellwether for the broader digital asset sector. Therefore, this decline has triggered corresponding movements in altcoins and related financial instruments. Market volatility is a well-documented characteristic of cryptocurrency, yet this specific drop coincides with a period of significant political transition. Historical data reveals a complex relationship between Bitcoin and U.S. political cycles. For instance, past elections have sometimes preceded periods of market consolidation or growth. However, the current scenario presents a distinct set of macroeconomic variables. Global inflation rates, shifting regulatory discussions, and institutional adoption trends all contribute to the current trading environment. This confluence of factors makes the present price action particularly instructive for long-term market observers. Analyzing the Market Context and Catalysts Several concurrent factors likely contributed to this pronounced Bitcoin price correction. First, traditional equity markets have shown increased volatility in recent weeks. This often leads to correlated sell-offs in risk-on assets like cryptocurrencies. Second, on-chain metrics indicate a change in holder behavior. Data from blockchain analytics firms shows an increase in exchange inflows, suggesting some investors are moving to realize profits or limit losses. Furthermore, the macroeconomic landscape remains challenging. Central banks globally continue to grapple with monetary policy decisions aimed at controlling inflation. Higher interest rates typically increase the opportunity cost of holding non-yielding assets like Bitcoin. This fundamental pressure has been a consistent theme throughout 2024. Additionally, the crypto market is digesting news related to regulatory frameworks and exchange-traded fund (ETF) flows, which have been major price drivers in recent years. Expert Perspectives on Political and Market Linkages Financial experts emphasize the importance of separating short-term noise from long-term trends. “While election cycles can introduce uncertainty, Bitcoin’s fundamental value proposition remains tied to its technological adoption and scarcity,” notes a veteran market strategist from a leading crypto research firm. This perspective is echoed by several analysts who caution against overstating the direct causal link between a single political event and a complex global market. Instead, experts point to a combination of technical and fundamental triggers. The price had encountered strong resistance near previous all-time high levels, creating a natural zone for profit-taking. Moreover, the leverage ratio in crypto derivatives markets had reached elevated levels prior to the drop. A cascade of liquidations in perpetual futures contracts can exacerbate downward moves, creating a feedback loop of selling pressure. This technical explanation is supported by data from major trading platforms showing significant long position liquidations coinciding with the price decline. The Historical Precedent of Election-Year Volatility Examining Bitcoin’s performance around previous U.S. elections provides valuable context. The table below summarizes key price actions during recent election periods: Election Year Bitcoin Price 30 Days Before Bitcoin Price 30 Days After Notable Market Context 2016 ~$700 ~$730 Gradual uptrend within early bull market. 2020 ~$13,800 ~$18,300 Strong rally amid macroeconomic shifts. 2024 ~$78,400 ~$74,076 (Current) Post-ATH consolidation, macro uncertainty. This historical view illustrates that election outcomes are just one variable among many. The 2024 cycle occurs as Bitcoin has achieved unprecedented mainstream recognition and institutional custody. Consequently, the market structure is fundamentally different from prior cycles. The asset’s increased correlation with traditional finance indices, though still imperfect, means it is more susceptible to broader financial sentiment swings during times of political uncertainty. Technical and On-Chain Indicators Under Scrutiny Beyond the headline price, blockchain data offers a more nuanced picture. Key on-chain metrics are being closely monitored: Realized Price: The average price at which all circulating BTC was last moved. This serves as a key support/resistance level. MVRV Ratio: Measures whether the asset is overvalued or undervalued relative to its “realized” cost basis. Exchange Net Flow: Tracks the net movement of BTC onto or off centralized exchanges, indicating holder sentiment. Hash Rate: The total computational power securing the network, a measure of fundamental health. Current readings from these indicators suggest a market in a corrective phase within a longer-term bullish trend. The hash rate remains near all-time highs, signaling strong miner commitment. Meanwhile, the net flow of Bitcoin off exchanges by long-term holders has been a persistent trend, suggesting accumulation continues despite price volatility. This divergence between short-term price action and long-term holder behavior is a classic characteristic of Bitcoin’s market cycles. Regulatory and Macroeconomic Winds The regulatory environment for digital assets remains a primary focus for institutional investors. Clarity from legislative bodies and regulatory agencies can significantly impact market sentiment. In the United States, the approach of a new or returning administration often leads to a review of existing policy frameworks. This period of review can create a holding pattern for capital awaiting clearer rules. Simultaneously, global macroeconomic forces exert immense pressure. The strength of the U.S. dollar, as measured by the DXY index, has an inverse relationship with Bitcoin’s price. Recent dollar strength has provided a headwind for dollar-denominated crypto assets. Furthermore, bond yields and the performance of technology stocks (often correlated with crypto) are critical external factors. Analysts construct complex models weighing these inputs to forecast potential price trajectories, though all models carry significant uncertainty in such a nascent asset class. Conclusion Bitcoin’s descent to its lowest price since the 2024 U.S. election underscores the cryptocurrency’s ongoing sensitivity to a complex web of factors. While the political event provides a clear temporal marker, the decline is more accurately attributed to a combination of technical market dynamics, macroeconomic pressures, and natural profit-taking after a historic rally. The fundamental pillars of Bitcoin—its decentralized nature, fixed supply, and growing network adoption—remain unchanged. For investors, this episode serves as a potent reminder of the asset’s inherent volatility. However, it also highlights the maturation of a market that is increasingly analyzed through the dual lenses of traditional finance and innovative technology. The path forward will likely be shaped by continued institutional adoption, regulatory developments, and Bitcoin’s evolving role in the global financial system. FAQs Q1: What is the current Bitcoin price and how significant is this drop? The current Bitcoin price is $74,076.43, representing a 5.43% decline. This is significant as it marks the lowest price level observed since the November 2024 U.S. presidential election, breaking below previous support zones established in the immediate post-election period. Q2: Did the 2024 election directly cause the Bitcoin price drop? Financial analysts generally avoid attributing complex market movements to a single cause. While the election created a backdrop of uncertainty, the drop is more closely linked to technical market factors like leveraged position liquidations, profit-taking after a rally, and broader macroeconomic conditions including interest rate expectations. Q3: How does this price action compare to Bitcoin’s behavior after past elections? Historical patterns show varied responses. After the 2016 election, Bitcoin entered a massive bull run. Following the 2020 election, it also continued a strong upward trend. The 2024 reaction appears more corrective, occurring after Bitcoin had already reached new all-time highs earlier in the year, suggesting a different market cycle phase. Q4: What are key indicators to watch following this decline? Important indicators include on-chain metrics like exchange flows (to see if coins are moving to cold storage), the Bitcoin Fear & Greed Index, support levels around $70,000-$72,000, and broader market sentiment reflected in traditional stock indices and the U.S. dollar’s strength. Q5: What is the long-term outlook for Bitcoin following this volatility? Long-term proponents argue that short-term political and volatility cycles do not alter Bitcoin’s core value proposition as a decentralized, scarce digital asset. The focus remains on adoption trends, technological development (like Layer-2 solutions), and its potential role as a hedge against currency debasement over multi-year timeframes. This post Bitcoin Plummets: Stunning Drop to Lowest Level Since 2024 Election Shakes Crypto Market first appeared on BitcoinWorld .
3 Feb 2026, 18:48
Moscow Exchange Plans Solana, Ripple, Tron Indices and Futures
The Moscow Exchange is preparing a significant expansion of its cryptocurrency-linked derivatives market, signaling a broader shift in how Russian investors may access digital assets. In plans outlined for 2026, the exchange intends to introduce new indices tracking Solana, Ripple, and Tron. Consequently, it also aims to launch futures contracts based on these benchmarks, further embedding crypto-linked products into Russia’s regulated financial system. New Crypto Indices to Anchor Futures Expansion According to disclosures made on RBC Radio in early February 2026, the Moscow Exchange will first develop and publish indices for Solana, Ripple, and Tron. These indices will mirror the approach already used for its Bitcoin and Ethereum benchmarks. Hence, they will act as the mandatory underlying assets required for futures trading in Russia. The exchange already calculates indices for Bitcoin and Ethereum and offers monthly futures tied to them. Additionally, it plans to follow the same structure for the new crypto-linked contracts. Each futures product will settle in cash, without any delivery of the underlying cryptocurrency. This structure aligns with regulatory requirements set by the Bank of Russia. Significantly, access to these derivatives will remain limited to qualified investors under existing legislation. The exchange views this gradual expansion as a controlled way to meet institutional demand while remaining compliant with domestic rules. Perpetual Futures and Broader Product Ambitions Beyond index-based futures, the Moscow Exchange is also considering perpetual futures for Bitcoin and Ethereum in 2026. These instruments roll over daily and closely track index performance. Moreover, the exchange has signaled long-term interest in adding options tied to crypto indices once the futures lineup matures. This strategy builds on developments from 2025, when the exchange launched four crypto-related futures. These included contracts linked to the iShares Bitcoin Trust ETF and the iShares Ethereum Trust ETF, alongside its in-house Bitcoin and Ethereum indices. Hence, the platform continues to blend international reference products with locally calculated benchmarks. Regulation Shapes Investor Access Regulatory changes have played a central role in this expansion. In May 2025, the Bank of Russia permitted financial institutions to offer crypto-linked derivatives, securities, and digital assets. However, regulators prohibited physical cryptocurrency delivery. Consequently, all exchange-traded crypto derivatives in Russia remain cash-settled. Additionally, in December 2025, the central bank unveiled a draft framework for broader crypto market regulation. This proposal envisions future access for non-qualified investors under strict limits and testing requirements. Lawmakers expect to finalize the legislative framework by July 1, 2026.
3 Feb 2026, 18:41
Bitcoin Risks Test of $58K Support as On-Chain Metrics Deteriorate: Analyst
Bitcoin (BTC) has tried to recover above $78,000 after sustaining devastating losses over the weekend, but the bears took the upper hand and pushed the price back down. Galaxy Digital research head Alex Thorn said recent on-chain data and market structure suggest continued downside risk for BTC. The researcher cited weak momentum, macroeconomic uncertainty, and missing catalysts, indicating further pain rather than relief. Downtrend Firms Up In the latest research note, Thorn pointed to the sharp sell-off late last month, during which Bitcoin fell 15% between January 28 and 31, while the decline accelerated into the weekend. On Saturday alone, a roughly 10% drop triggered one of the largest liquidation events on record. More than $2 billion in long positions were liquidated across futures trading venues. During the move, BTC fell as low as $75,644 on Coinbase, and slipped as much as 10% below the average cost basis of US spot Bitcoin ETFs, estimated at around $84,000. At one point, the crypto asset also briefly traded below Strategy’s reported average cost basis of $76,037 and came close to its one-year low of $74,420, set during the April 2025 “Tariff Tantrum.” Thorn stated that 46% of Bitcoin’s circulating supply is now underwater, which means that those coins last moved on-chain at higher prices, and that Bitcoin’s January close marked four consecutive red monthly candles for the first time since 2018. According to the note, with the exception of 2017, the asset has not previously experienced a roughly 40% drawdown from an all-time high without extending to a decline of 50% or more within three months. This would imply that prices are closer to $63,000 based on the current cycle. The Galaxy researcher also flagged a significant gap in on-chain ownership between roughly $82,000 and $70,000, which indicates limited demand in that range and increases the likelihood of a further test lower. Its analysis places Bitcoin’s realized price near $56,000 and the 200-week moving average around $58,000, levels that rise gradually as long as spot prices remain above them. The note said there is little evidence of significant accumulation by whales or long-term holders, though long-term holder profit-taking has begun to ease. Thorn outlined that potential catalysts remain difficult to identify, while narratives have also worked against Bitcoin as it has failed to trade in line with precious metals like gold and silver during a period of increased macro and geopolitical uncertainty. While the passage of US crypto market structure legislation, known as the CLARITY Act, could act as an external catalyst, Galaxy said the odds of passage have diminished in recent weeks and that any positive impact may benefit altcoins more than Bitcoin. These factors combined raise the chance that Bitcoin drifts toward the lower end of the $70,000 range and potentially tests the realized price and 200-week moving average in the high-$50,000 area over the coming weeks or months. Interestingly, these levels have historically represented cycle bottoms and strong long-term entry points. BTC Bottom May Be Deeper Crypto analyst Doctor Profit recently lowered his expectations for BTC’s cycle bottom after the price decline. He said the sell-off and loss of important technical support levels have changed the market outlook. As a result, he revised his projected bottom to a lower range between $54,000 and $44,000, down from his earlier estimate of $50,000 to $60,000. The post Bitcoin Risks Test of $58K Support as On-Chain Metrics Deteriorate: Analyst appeared first on CryptoPotato .
3 Feb 2026, 18:40
Chiliz has committed 10% of proceeds from its US Fan Token to buyback and burn $CHZ
Chiliz, the blockchain platform behind Socios.com and Fan Tokens for sports teams, has announced that 10% of the Fan Token proceeds will be used to buyback & burn Chiliz $CHZ. The update is coming as the platform prepares to bring back its Fan Tokens into the US this year. According to what the team shared on X , 10% of revenue has been earmarked for buyback, and as Fan Token activity continues to grow, a portion of it is channeled towards reducing $CHZ’s circulating supply over time. This creates a scarcity that could potentially support the token’s value while aligning ecosystem growth with $CHZ holders’ interests. The team now has its sights set on building a full financial infrastructure layer for the global sports industry, and it has emerged as the core of the new Chiliz Vision 2030 manifesto, which was presented by CEO Alexandre Dreyfus on February 3, 2026. When will Chiliz return to the US? The announcement is coming amid the platform’s push into SportFi, which is supposed to be a combination of sports and DeFi. Chiliz has been pushing heavily into the new genre, a move that represents a major evolution from its initial focus on Fan Tokens as a means of fan engagement. The platform’s manifesto positions the platform as a key to unlocking the $1 trillion sports economy via blockchain and hopes to turn sports assets into tradable, yield-bearing, and financially productive elements using Web3 tools. On the entry of fan tokens into the US Before FTX collapsed, Chiliz was already working on establishing a presence in the US; however, when the exchange fell, those plans were put on hold. That time was plagued with regulatory uncertainty as well as the effects of the FTX fallout , which further stressed an ailing industry. It was around that time Chiliz left the US market. Fast forward to 2026, and things have drastically changed, fortunately for the better. And Chiliz is once again plotting an expansion into the US market, with its Fan Tokens still a big part of its vision. “With the new administration adopting a more proactive stance towards crypto, Chiliz sees the U.S. as a hugely untapped market for Fan Tokens,” James Newman, Chiliz’s Chief Corporate Affairs Officer, said. The improved regulatory clarity, together with the fact that opportunities for Fan engagement through Fan tokens abound in the US, makes it clear why Chiliz is finally considering a return to US markets. The launch of Fan Tokens in the US is expected to happen in the coming months, with the first US partnership expected to be announced in the first quarter. The company has invested $50 million towards the endeavor and is already reportedly in talks with major leagues and regulators, as it prepares the ground for a potential large-scale return. However, while Chiliz has in the past experimented with athlete-led promotions, collaborating with stars such as Lionel Messi and Minjae Kim, the company has no plans to create fan tokens for individual players. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program
3 Feb 2026, 18:40
Ethereum (ETH) Bull Tom Lee Unfazed by $7 Billion Unrealized Loss
The Fundstrat bull is defending BitMine (BMNR) after a loud critic claimed he served as "exit liquidity" for Ethereum (ETH) whales.
