hodler

6 Feb 2026, 17:55

XRP Sees Impressive Recovery Wick With Massive 37% Price Surge: Here’s Why

It was just hours ago, less than a day, when we wrote about XRP’s spectacular collapse as the asset plummeted to $1.11 for the first time since before the US presidential elections at the end of 2024. This meant that it had shed over 50% of its value in a month as it peaked at $2.40 on January 6. Oh, how the landscape in crypto can change in hours sometimes, not even days or weeks. What happened with XRP’s price since that local low has been nothing short of amazing. There were some signs about a potential rebound, such as the plummeting RSI metric, but even the most vocal XRP bulls were probably surprised by the extent of the rally. After all, the cross-border token skyrocketed by 37% in about 18 hours – going from the aforementioned low to $1.54 before it faced some resistance and now trades around $1.50. This still represents a 34% surge in less than a day. Santiment also weighed in on the token’s performance. The analysts acknowledged XRP’s rise in terms of market cap as well, as it now sits above BNB as the fourth-largest crypto asset. They blamed the massive price pump in the past several hours on the overall network stability and growing activity on the XRP Ledger. Moreover, they showcased a chart indicating that Ripple whales went on an accumulation spree, with almost 1,400 separate $100K+ whale transactions (the highest in four months). Crypto markets are rebounding, but $XRP ‘s price has been on a particularly huge tear. Since bottoming out below $1.15 just under 18 hours ago, the #4 market cap has now recovered to back above $1.50. Panic sellers should have stopped to notice the massive activity on the… pic.twitter.com/3y0eyGxpo2 — Santiment (@santimentfeed) February 6, 2026 The ETF behavior will also be interesting to compare, but we would need to verify the data at the end of the trading day in the US. Preliminary data on SoSoValue shows a minor net inflow even for yesterday, but there’s no official confirmation as of yet, which is rather surprising. The post XRP Sees Impressive Recovery Wick With Massive 37% Price Surge: Here’s Why appeared first on CryptoPotato .

6 Feb 2026, 17:55

Bitcoin Soars: BTC Price Surges Above $71,000 in Stunning Rally

BitcoinWorld Bitcoin Soars: BTC Price Surges Above $71,000 in Stunning Rally In a significant market development on April 10, 2025, Bitcoin (BTC) has convincingly broken through the $71,000 barrier, trading at $71,055.61 on the Binance USDT market. This pivotal move reignites discussions about the leading cryptocurrency’s long-term trajectory and its role in the global financial landscape. Consequently, investors and analysts are closely examining the factors propelling this ascent. Bitcoin Price Breakthrough: Analyzing the $71,000 Milestone According to real-time data from Bitcoin World market monitoring, the BTC price surge represents a critical technical and psychological achievement. Furthermore, this level had previously acted as a formidable resistance point. The breakthrough suggests accumulating bullish momentum. Market depth charts show substantial buy orders supporting the new price floor. Historically, such clear breaks above major round-number resistances often precede extended bullish phases. However, sustained volume is crucial for validation. Several concurrent factors likely contributed to this price action. Firstly, recent institutional adoption news has provided a solid foundation. Secondly, macroeconomic conditions, including currency devaluation concerns in several regions, have increased demand for hard assets. Thirdly, technical analysts point to a completed bullish chart pattern on weekly timeframes. The market now watches to see if Bitcoin can consolidate above this level. Contextualizing the Current Cryptocurrency Rally This rally does not exist in a vacuum. It follows a period of consolidation and builds upon momentum established earlier in the year. To understand its significance, we must examine recent history. The cryptocurrency market entered 2025 with cautious optimism following regulatory clarity in major economies. This clarity removed a significant overhang for institutional participants. Subsequently, capital inflows into spot Bitcoin ETFs have remained consistently positive for 14 consecutive weeks. The table below shows key resistance levels Bitcoin has overcome in recent months: Price Level Date Breached (2025) Significance $60,000 January 22 Recovery of post-2022 crash high $65,000 March 5 Break of previous cycle’s peak $71,000 April 10 New all-time high in nominal terms Moreover, the broader digital asset market often moves in tandem with Bitcoin. Altcoins have shown mixed reactions, with some lagging and others outperforming. This divergence can indicate a maturing market where capital rotates based on project fundamentals rather than pure speculation. Expert Analysis on Market Structure and Sustainability Market analysts emphasize the importance of the derivatives market in this move. Open interest in Bitcoin futures has risen, but funding rates remain relatively neutral. This neutral funding suggests leverage is not excessively driving the rally, a healthy sign for sustainability. Veteran trader and analyst, whose commentary frequently appears in institutional reports, notes the critical role of spot buying. “The hallmark of this move is spot-driven accumulation,” they stated in a recent market note. “Exchange reserves continue to decline, indicating a net withdrawal trend, which typically underpins stronger prices.” On-chain data provides further evidence of a strong holder base. The percentage of Bitcoin supply that hasn’t moved in over a year remains near all-time highs. This metric, often called “HODLer” conviction, signals long-term confidence. Additionally, the realized price—the average price at which all coins last moved—continues to trend upward, establishing a higher support base for the network. The Macroeconomic Backdrop and Real-World Impact Beyond crypto-specific factors, the global economic environment plays a crucial role. Persistent inflation in several G20 nations has eroded confidence in traditional stores of value. Consequently, investors increasingly allocate a portion of their portfolios to non-correlated assets like Bitcoin. Central bank policies, particularly regarding interest rates and quantitative tightening, are under intense scrutiny. Any signal of renewed monetary easing could further accelerate capital flows into hard-capped digital assets. The impact of this price surge extends beyond traders. For businesses: Public Companies: Firms holding Bitcoin on their balance sheets see unrealized gains increase their book value. Miners: Mining profitability improves dramatically, potentially leading to increased network security investment. Payment Processors: Higher BTC valuations can increase transaction volume and fee revenue for crypto payment gateways. Developers: A healthy market price often correlates with increased funding and activity in the underlying protocol’s ecosystem. Regulatory bodies worldwide are undoubtedly monitoring this volatility. Their focus will likely remain on consumer protection, market integrity, and preventing illicit finance. A stable price advance may be viewed more favorably than a speculative bubble by these authorities. Technical Outlook and Key Levels to Watch From a technical perspective, the breach of $71,000 opens the path toward higher projections. Chartists identify the next significant resistance zones near $75,000 and $80,000. However, they also warn of potential pullbacks. A healthy market often retests major breakout levels. Therefore, the $68,000 to $70,000 range now becomes critical support. A sustained close below it could signal a false breakout. Key on-chain metrics to monitor include: MVRV Ratio: Measures if the asset is overvalued relative to its historical cost basis. Exchange Net Flow: Continued negative flow (more withdrawals than deposits) is bullish. Active Addresses: Growth in unique sending/receiving addresses indicates network adoption. Momentum indicators like the Relative Strength Index (RSI) are approaching overbought territory on daily charts. This condition does not necessarily mean an immediate reversal, but it suggests the pace of ascent may slow, allowing the market to digest gains. Conclusion Bitcoin’s rise above $71,000 marks a definitive moment in its 2025 market narrative. This achievement stems from a confluence of institutional adoption, favorable macro trends, and robust on-chain fundamentals. While short-term volatility is inherent to the asset class, the breakthrough of this key level reinforces Bitcoin’s position as a formidable digital store of value. Moving forward, market participants should watch for consolidation above support and monitor the interplay between spot and derivatives activity. The Bitcoin price action continues to captivate the financial world, demonstrating the enduring relevance of decentralized digital currency. FAQs Q1: What caused Bitcoin to rise above $71,000? A1: The rise is attributed to several factors including sustained institutional buying via ETFs, positive macroeconomic conditions favoring hard assets, technical breakout patterns, and a general trend of coins moving off exchanges into long-term storage, reducing immediate sell pressure. Q2: Is this a new all-time high for Bitcoin? A2: Yes, in nominal US dollar terms, $71,055.61 represents a new all-time high price for Bitcoin, surpassing the previous peak established in the prior market cycle. Q3: How does this price affect Bitcoin miners? A3: A higher Bitcoin price significantly improves mining profitability. It increases the US dollar value of the block reward, allowing miners to cover operational costs more easily and potentially invest in more efficient hardware, which strengthens the network’s overall security. Q4: Should investors be concerned about a price correction after such a rapid rise? A4: Corrections are a normal part of any financial market, especially cryptocurrencies. While some pullback to test the new support level near $70,000 is possible, the underlying fundamentals of institutional adoption and sound monetary policy remain strong long-term tailwinds. Q5: What is the next major resistance level for Bitcoin? A5: Based on technical analysis, the next significant resistance zones are projected near the $75,000 and $80,000 levels. However, market sentiment, macro news, and on-chain data will ultimately determine the strength and timing of any advance toward these targets. This post Bitcoin Soars: BTC Price Surges Above $71,000 in Stunning Rally first appeared on BitcoinWorld .

6 Feb 2026, 17:54

Ondo wants to rebuild prime brokerage on-chain — and perps are the first step

Ondo showcases rapid growth in tokenized assets and unveils plans to turn that momentum into a full-stack on-chain financial services ecosystem at its summit.

6 Feb 2026, 17:46

South Korean Crypto Exchange Accidentally Gave Away $95 Billion in Bitcoin

The error was quickly corrected, but not before Bithumb users sold off billions in Bitcoin, temporarily crashing its listed price.

6 Feb 2026, 17:45

Institutional investors aggressively short U.S. stocks as selloff enters second day

Institutional investors are aggressively selling U.S. stocks amid macro uncertainty. On Wednesday, hedge funds sold U.S. stocks at the fastest rate since October. The sell-off was primarily driven by short sales and, to a lesser extent, by liquidating long positions according to Kobeissi Letter. Institutional investors are increasingly betting against U.S. equities. A recent update by financial analysis firm Kobeissi Letter highlighted that hedge funds unwound their positions on U.S. single stocks at the fastest pace since October on Wednesday, posting their 2nd consecutive daily sale. U.S. equities dip as institutional investors liquidate their long positions Institutional investors are aggressively unloading US equities: Hedge funds sold US single stocks at the fastest rate since October on Wednesday, posting their 2nd consecutive daily sale. This was driven by short sales and, to a lesser extent, by liquidating long positions.… pic.twitter.com/J4bG4Vtell — The Kobeissi Letter (@KobeissiLetter) February 6, 2026 Kobeissi Letter credited that sell-off to short sales and liquidation of long positions. The analysis firm reported that the sell-off marked the 5th day of net outflows in the last six days. 5 out of 11 sectors, including Information Technology, Industrials, and Materials, experienced heavy liquidations, with Semiconductor and Semiconductor Equipment, Communications Equipment, and Tech Hardware facing the heaviest hits. Kobeissi added that the behavior shows sentiment among hedge funds and other large players is shifting and has been the “theme” for some time. The firm noted that hedge funds and institutional clients are the largest net sellers, followed by private investors. Major market participants sold heavily last week. According to Google Finance , the S&P 500 is down 1.19% over the last 5 days, while the Dow Jones Industrial Average is up 1.29%. A previous Cryptopolitan report noted that Trump’s second term has posted the weakest stock market performance in two decades. During Trump’s first year as president, U.S. equities delivered significant gains despite falling short when compared to how the stock market performed during the first year of his recent predecessors. Data from CFRA Research showed that market indexes rose by only 13.3% between Inauguration Day and January 20, 2026. Trump’s tariffs hit the markets hard by fueling uncertainty from the repeated changes in import and export rates as various countries tried to negotiate. Although Trump claims he expects the U.S. stock market to double from its current record levels, which he takes credit for, his “America First” agenda is challenging investor confidence in U.S. assets. His trade policies, geopolitical tensions, and fiscal uncertainty have cooled the stock market, with several non-US markets and sectors outperforming U.S. equities over the past year. Market players say the shift is due to the need to diversify, and that has made commodities, emerging markets, and UK investment trusts briefly gain momentum as direct beneficiaries of capital flowing outside the U.S. Annabel Brodie-Smith, communications director at the Association of Investment Companies, said investors were diverting risk across safe havens and growth assets. She noted that strong earnings growth and AI-related spending continued to support U.S. equities while European markets had their best year since 2021 as investors sought better value. AI spending on Big Tech rekindles earlier concerns of an AI bubble Cryptopolitan recently hinted that AI spending by big tech could revive old fears of an AI bubble. The report noted that large tech firms plan to spend $660 billion on AI this year. The estimated figure triggered a $900 billion market selloff, as investors remain wary of AI valuations. Wall Street dumped the shares of Amazon, Google, Microsoft, and Meta after the announcement, which continued the sell-off from last week following the companies’ earnings. Amazon and Microsoft were hit hardest. The e-commerce giant took an 11% hit after announcing this year’s capex will reach $200 billion, beyond the $150 billion that analysts anticipated. Microsoft plunged 18% after announcing that quarterly spending on AI data centers surged 66%. Investors dumped the tech stock despite the company recording that its cloud revenue grew 26% to $51.5 billion. Apple performed better than other tech companies after announcing a 17% reduction in capex to $2.4 billion in Q4, bringing its total for the year to $12 billion. The company saw its stock rise by 7.5% after reporting a revenue of $144 billion in the last quarter of 2025. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

6 Feb 2026, 17:43

Bitcoin’s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day

What a ride it has been in the cryptocurrency space lately. The quick and sharp moves continue as of press time, as BTC has skyrocketed to over $71,000 just less than a day after it dipped to $60,000. The altcoins are well in the green now on a daily scale, and the total crypto market cap has increased by roughly $200 billion since its low from earlier this morning. BTCUSD Feb 6. Source: TradingView Bitcoin’s price chart from above paints a very clear and volatile picture. It shows that the cryptocurrency plummeted by roughly $30,000 in the span of just over a week – from last Wednesday to Friday morning. As reported earlier today, popular analysts blamed this latest crash, in which bitcoin dropped from $77,000 to $60,000 in about 24 hours, to emotional selling and structural change rather than broken fundamentals within BTC and the crypto market. Since then, BTC has gone on a tear. It added over $10,000 since this morning’s multi-year low, and briefly surpassed $71,000 minutes ago before it was stopped and now trades inches below it. The altcoins have produced even more impressive gains, with XRP leading the pack. Ripple’s cross-border token has soared by 19% daily to over $1.50 as of press time, while ETH has reclaimed the psychological $2,000 level. The total value of wrecked positions daily is still over $2 billion, but most of it is from longs, which happened before today’s recovery. Nevertheless, over $350 million worth of shorts have been wrecked in the past 12 hours, with BTC responsible for the lion’s share ($261 million). Liquidation Data on CoinGlass Feb 6. The post Bitcoin’s Rollercoaster Ride Continues as BTC Price Recovers $10K in a Day appeared first on CryptoPotato .