hodler

5 Feb 2026, 15:43

SUP is available for trading!

We’re thrilled to announce that SUP is available for trading on Kraken! Funding and trading SUP trading is live as of February 5, 2026. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Here’s some more information about this asset : Superp (SUP) Superp (SUP) is a perpetual DEX supporting millions of tokens with leverage up to 10,000x and no liquidation on select products. The platform features NoLiquidation Perp for high-leverage trading without liquidation risk, Meme Perp for shorting meme tokens within seconds of launch, and Alpha Perp for Binance-listed tokens. The SUP token unlocks advanced trading products, provides fee discounts, enables staking rewards, and grants governance voting rights. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post SUP is available for trading! appeared first on Kraken Blog .

5 Feb 2026, 15:40

Bitcoin Plunges: Dramatic Fall Below 100 Million Won on Upbit Shakes South Korean Market

BitcoinWorld Bitcoin Plunges: Dramatic Fall Below 100 Million Won on Upbit Shakes South Korean Market In a significant market shift, Bitcoin has dramatically fallen below the 100 million won threshold on the South Korean exchange Upbit. This drop marks the first breach of this psychological barrier in approximately one year and three months, sending ripples through the local cryptocurrency community. According to real-time data from Bitcoin World market monitoring, the leading digital asset is currently trading at 99,777,000 won on the platform, reflecting a sharp 7.50% decline. Furthermore, this event highlights the persistent ‘Kimchi Premium,’ with BTC trading about 0.8% higher on Upbit compared to global giant Binance. This article provides a comprehensive, factual analysis of this pivotal moment, its context, and its potential ramifications. Bitcoin Price on Upbit Drops Below Key Level The descent of Bitcoin below 100 million won on Upbit represents a major technical and psychological event for South Korean investors. The last recorded instance of the cryptocurrency trading below this level occurred on November 6, 2024. Consequently, a period of relative stability above this mark has now ended. Market analysts immediately scrutinized the move, noting that such breaks often trigger automated sell orders and shift market sentiment. The 7.50% single-day drop significantly outpaces the average daily volatility observed in recent months. Moreover, this price action on a major domestic exchange directly impacts millions of retail and institutional portfolios across South Korea. Several interconnected factors typically contribute to such a pronounced decline. Firstly, broader global cryptocurrency market trends exert a powerful influence. Secondly, local regulatory news or banking policies can create unique selling pressure. Thirdly, liquidity conditions on the exchange itself may amplify moves. This specific event underscores the volatile nature of digital asset markets. Traders and long-term holders alike are now reassessing their positions. The following table compares recent key price levels on Upbit: Date Approximate Price (KRW) Event Context Nov 6, 2024 Below 100M Previous low before current period Feb 15, 2025 99,777,000 Current price, down 7.50% Recent High (2025) ~112M Peak before current correction Analyzing the South Korean Cryptocurrency Landscape The South Korean market possesses distinct characteristics that shape Bitcoin’s price discovery. Upbit, alongside Bithumb and Korbit, dominates local trading volume. These platforms often exhibit a price premium compared to international exchanges—a phenomenon widely known as the ‘Kimchi Premium.’ This premium arises from several structural factors: Capital Flow Restrictions: South Korea maintains strict regulations on moving won overseas for cryptocurrency purchases, limiting arbitrage. High Local Demand: Sustained retail and institutional interest can outpace available supply on domestic order books. Exchange-Specific Liquidity: The depth of buy and sell orders on Upbit directly influences the spread against global benchmarks. Currently, the reported 0.8% premium on Upbit relative to Binance is relatively modest by historical standards. However, it confirms that local market dynamics remain partially isolated. This isolation can sometimes cushion global downturns but may also exacerbate local sell-offs if sentiment turns sharply negative. Regulatory developments from South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are therefore critical to monitor. Their policies on anti-money laundering (AML), investor protection, and exchange licensing directly affect market stability and participant confidence. Expert Perspective on Market Movements Financial analysts specializing in Asian digital asset markets emphasize the importance of context. A single-day drop, while notable, must be viewed within longer-term trends. For instance, Bitcoin’s performance against the US dollar or other fiat currencies provides a crucial comparative frame. Additionally, analysts examine trading volume data. A price decline on high volume suggests stronger conviction among sellers than a similar move on low volume. On-chain data, such as the movement of coins to and from exchanges, also offers insights. An increase in Bitcoin transferred to exchanges can indicate a rising intent to sell, while withdrawals may signal accumulation. Historical data shows that the South Korean market often reacts with heightened sensitivity to both global crypto news and local events. Therefore, today’s price action likely results from a confluence of international and domestic triggers. Experts caution against overreacting to short-term volatility while advising investors to review their risk management strategies. The fundamental technology and adoption narrative surrounding Bitcoin, they note, evolves on a much longer timeline than daily price charts. Potential Impacts and Future Trajectory The breach of the 100 million won level on Upbit carries several immediate and potential longer-term implications. For active traders, key support levels have been broken, potentially leading to further technical selling. For long-term ‘HODLers,’ this may represent a buying opportunity if they believe in the asset’s long-term value. The event also attracts media attention, which can influence public perception and bring new regulatory scrutiny. Market participants will now watch to see if the price can reclaim this level quickly or if it establishes a new, lower trading range. Comparatively, observing how other major exchanges like Bithumb react is essential. A synchronized drop across all domestic platforms would indicate a broad-based South Korean market move. A disparate reaction might point to issues specific to Upbit’s order book or liquidity. Furthermore, the global cryptocurrency market capitalization and the performance of major altcoins provide context. A widespread ‘risk-off’ event across digital assets differs significantly from an isolated Bitcoin correction. Monitoring these correlations helps distinguish local anomalies from global trends. Conclusion Bitcoin’s fall below 100 million won on the Upbit exchange marks a notable event in the South Korean cryptocurrency market, ending a 15-month period above that threshold. The 7.50% decline, coupled with the persistent but modest Kimchi Premium, highlights the unique interplay between global crypto trends and local market structures. This development serves as a reminder of the inherent volatility in digital asset trading and underscores the importance of informed, strategic participation. As the market digests this move, attention will turn to subsequent price action, regulatory developments, and broader economic factors influencing digital asset valuation. The Bitcoin price on Upbit will remain a critical metric for gauging South Korea’s crypto market health. FAQs Q1: What does it mean that Bitcoin fell below 100 million won on Upbit? This means the price of one Bitcoin, quoted in South Korean Won (KRW), dropped below 100,000,000 KRW on the Upbit exchange for the first time since November 2024. It is a significant psychological and technical price level for local traders. Q2: What is the ‘Kimchi Premium’ mentioned in the article? The ‘Kimchi Premium’ refers to the frequent phenomenon where Bitcoin and other cryptocurrencies trade at a higher price on South Korean exchanges like Upbit and Bithumb compared to major global exchanges like Binance or Coinbase. This is often due to local capital controls and high domestic demand. Q3: Why is the price on Upbit different from Binance? Prices differ due to separate order books, varying liquidity, and local market dynamics. Arbitrage (buying low on one exchange and selling high on another) is limited by the difficulty and cost of moving funds and assets between international and South Korean trading platforms. Q4: How often does such a significant price drop occur? While cryptocurrency is inherently volatile, a drop of over 7% in a single day and the breaking of a key long-term support level (like 100 million won) is a less frequent event, occurring during periods of heightened market stress or correction. Q5: Should this price drop concern long-term Bitcoin investors? Market analysts suggest long-term investors focus on fundamental adoption trends and technology development rather than short-term price fluctuations. However, such events are a reminder to assess personal risk tolerance and ensure investment strategies account for high volatility. This post Bitcoin Plunges: Dramatic Fall Below 100 Million Won on Upbit Shakes South Korean Market first appeared on BitcoinWorld .

5 Feb 2026, 15:35

Ethereum Price Plummets: ETH Crashes Below 3M Won on Upbit in Stunning 9-Month Low

BitcoinWorld Ethereum Price Plummets: ETH Crashes Below 3M Won on Upbit in Stunning 9-Month Low SEOUL, South Korea – March 2025: The Ethereum price on South Korea’s premier digital asset exchange, Upbit, has breached a critical psychological barrier, tumbling below 3 million won for the first time in nine months. This significant Ethereum price movement, recorded on March 8, 2025, sees the second-largest cryptocurrency trading at approximately 2,979,000 won, marking a sharp 5.99% decline from the previous day’s close. Consequently, this event has sent ripples through the Asian cryptocurrency markets, prompting analysts to scrutinize both local and global catalysts. Ethereum Price Breakdown and Upbit’s Market Context This recent Ethereum price drop on Upbit represents a return to levels not witnessed since May 8 of the previous year. To understand the gravity, one must consider the unique dynamics of the South Korean crypto market, often characterized by the “Kimchi Premium.” This term describes the phenomenon where cryptocurrency prices on Korean exchanges like Upbit trade at a premium compared to global averages. However, the current ETH price fall suggests a potential narrowing or inversion of this premium, indicating a powerful sell-off or capital outflow from the local market. Furthermore, Upbit operates as one of the most liquid and regulated exchanges in the region. Its price action frequently serves as a bellwether for retail and institutional sentiment across Asia. The breach of the 3-million-won support level, therefore, is not merely a numerical milestone. It is a technical and psychological event that could trigger further automated selling and influence trader behavior across correlated platforms. Analyzing the Catalysts Behind the ETH Fall Several interconnected factors likely contributed to this sharp Ethereum price correction. Primarily, broader macroeconomic headwinds continue to pressure risk assets globally. Rising interest rate expectations in key economies can diminish the appeal of non-yielding assets like cryptocurrencies. Additionally, network-specific developments within the Ethereum ecosystem, such as updates to transaction fees or staking yields, can influence short-term holder sentiment. Simultaneously, regulatory developments in South Korea and abroad play a crucial role. Any news regarding taxation, exchange regulations, or banking partnerships can cause immediate volatility on domestic platforms like Upbit. It is essential to view this ETH price movement not in isolation but as part of a complex web of global liquidity, technological evolution, and regional policy. Expert Perspective: Market Structure and Technical Analysis Market analysts emphasize the importance of volume and order book depth during such moves. A high-volume break below a long-held support level, as seen with the 3-million-won mark, often carries more technical significance than a low-volume dip. Chart patterns observed prior to the drop, such as a series of lower highs, may have signaled weakening momentum. Moreover, the relative performance of ETH against Bitcoin (the ETH/BTC pair) provides critical context. If ETH is underperforming Bitcoin significantly, it may indicate a sector rotation within crypto, rather than a blanket market downturn. Historical Comparison and Future Implications Examining past instances where the Ethereum price on Upbit faced similar declines reveals patterns of market recovery and consolidation. For instance, the market conditions preceding the May 2024 low were markedly different, involving distinct macroeconomic triggers and a different phase in Ethereum’s development roadmap. The table below provides a concise comparison: Metric May 2024 Low March 2025 Low ETH Price (KRW) ~2,950,000 won ~2,979,000 won Primary Market Driver Global inflation fears Regional liquidity shifts Ethereum Network Activity Post-Dencun upgrade Mature staking ecosystem Kimchi Premium Status Moderately elevated Potentially compressed Looking ahead, the immediate focus will be on whether the Ethereum price can reclaim the 3-million-won level as support or if it establishes a new, lower trading range. Key levels to watch include: Resistance: The 3.1 million won and 3.2 million won levels. Support: The previous yearly low near 2.95 million won. Volume: Sustained high volume on any rebound attempt. Market participants will also monitor Upbit’s dominance in the Korean won trading pair market and any announcements from Korean financial authorities that could impact capital flows into and out of digital assets. Conclusion The Ethereum price falling below 3 million won on the Upbit exchange marks a significant technical and psychological event for the South Korean cryptocurrency market. This move reflects a confluence of global macroeconomic pressures, local market dynamics, and asset-specific factors affecting ETH. While short-term volatility may persist, this development provides a clear data point for analyzing market structure, investor sentiment, and the evolving relationship between regional exchanges and the global digital asset landscape. Monitoring the Ethereum price action on Upbit in the coming weeks will be crucial for understanding the next phase of market direction. FAQs Q1: What does it mean that ETH fell below 3 million won on Upbit? This means the price of Ethereum, quoted in South Korean won on the Upbit exchange, dropped below the 3,000,000 KRW level for the first time in approximately nine months, indicating a significant sell-off and a break of a key market support level. Q2: Why is the price on Upbit different from other global exchanges? Upbit prices can differ due to the “Kimchi Premium,” a market phenomenon where crypto assets in South Korea trade at a premium because of high local demand, capital flow restrictions, and the dominance of a few large, regulated exchanges. Q3: How does this drop affect the global Ethereum price? While Upbit is a major regional exchange, the global Ethereum price is an aggregate of many markets. A sharp move on Upbit can influence Asian trading sentiment, but the global spot price is primarily set on larger, USD-based exchanges with higher overall volume. Q4: What are common reasons for a sharp price drop like this? Common catalysts include broad market sell-offs, negative regulatory news specific to the region, large sell orders by “whale” accounts, technical breakdowns triggering automated selling, or outflows from related investment products like ETFs or funds. Q5: Where can I reliably track the Ethereum price on Upbit? You can track the official ETH/KRW trading pair directly on the Upbit exchange website or application. Reputable global cryptocurrency data aggregators also list Upbit prices alongside those from other major exchanges for comparison. This post Ethereum Price Plummets: ETH Crashes Below 3M Won on Upbit in Stunning 9-Month Low first appeared on BitcoinWorld .

5 Feb 2026, 15:32

Bitcoin's rising leveraged position points to continued dip buying, but may not yet signal price bottom

Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.

5 Feb 2026, 15:22

Why Gemini is closing UK, EU, Australia accounts amid crypto market slump

Gemini Space Station, Inc. said it will place customer accounts in the United Kingdom, the European Union, and Australia into withdrawal-only mode from March 5, 2026, with full closures to follow on April 6, 2026. The New York-based exchange framed the move as a strategic retreat amid a weak crypto market and rising costs of operating overseas . What’s changing for customers: timeline and impact Customers in the affected regions will lose the ability to trade or open new accounts after March 5. “Withdrawal-only” means users can move crypto or fiat off the platform but cannot place new buy or sell orders. The exchange has also halted referral and promotional programmes for those jurisdictions and advised customers to cancel recurring buys and unstake assets early to avoid delays. These operational steps are intended to give users time to retrieve funds before accounts are shuttered on April 6. Practical implications are straightforward. Users should expect identity-verification checks and withdrawal approvals to take several days in some cases, so starting the process now reduces the risk of being locked out. Gemini’s notice suggests it will offer transition routes (including partner referrals) but emphasises users remain free to move funds to self-custody wallets or other exchanges. Regulatory and investor pressure The pullback comes as crypto prices and exchange volumes remain subdued , squeezing revenue streams that previously justified rapid international expansion. Gemini’s public listing last September vaulted the company into the spotlight, but its shares have slid from early highs as the broader crypto slump eroded sentiment and trading activity. Market reports show the stock was trading lower after the announcement on Feb. 5, 2026. Beyond market conditions, regulatory complexity in Europe, the UK, and Australia has made cross-border operations more expensive and operationally risky for US exchanges. Compliance with local anti-money-laundering and payment-services rules requires heavier investment in staff, controls, and capital, costs that weigh more heavily when trading volumes fall. The company’s support notice and local legal addenda signal that these compliance burdens have likely been a material factor in the decision. Customers should prioritise withdrawing assets before the March 5 window; download transaction histories and check any open positions or staking arrangements that could complicate withdrawals. Investors will look to upcoming filings and comments from Gemini’s investor relations team for clarity on whether the move is temporary, part of a focus on US products, or the start of a wider retrenchment. Regulators in the affected markets may also issue guidance or require notification to customers; investors keep a close eye on statements from the FCA, EU authorities, and the Australian regulators for any follow-up. The post Why Gemini is closing UK, EU, Australia accounts amid crypto market slump appeared first on Invezz

5 Feb 2026, 15:05

Crypto exchange Gemini to cut 25% of global headcount in cost-cutting push

More on Gemini Space Station, Inc. Gemini Space Station: Re-Rating Trigger Gemini Space Station: Predicting A Higher Price Gemini Space Station, Inc. (GEMI) Q3 2025 Earnings Call Transcript Coinbase, MSTR, Circle, others retreat after bitcoin's weekend slide Tech Voices: Pinterest job cuts, Gemini NFTs, Anthropic CEO on jobs