Economist and longtime bitcoin critic Peter Schiff has warned that recent bitcoin price rallies may be misleading. He says these sharp moves higher are typical of bear markets and often come before deeper declines. In a series of posts on X this week, Schiff argued that strong rallies can create false optimism. He said this keeps investors in the market when they should be preparing to exit. Schiff pointed to recent gains in both bitcoin and Strategy (formerly MicroStrategy), noting that large daily jumps do not signal a healthy market. Instead, he described them as classic “bear market traps” and…
Author: Sazid Kabir
Read More
A South Korean cryptocurrency exchange has admitted it accidentally sent more than $40 billion worth of Bitcoin to users during a promotional campaign, according to media reports. Bithumb said the error occurred on February 6, 2026, when it planned to distribute small cash rewards of 2,000 Korean won (about $1.37) to selected users. Instead, the system mistakenly sent at least 2,000 bitcoins to each affected account. The exchange said around 695 users received the incorrect payouts. Within 35 minutes, Bithumb restricted trading and withdrawals on the affected accounts to prevent further losses. In a statement, Bithumb said it had recovered…
PayPal and Coinbase have become the most oversold stocks on Wall Street, according to the Relative Strength Index (RSI), a popular tool used to measure how heavily a stock has been sold. An RSI reading below 30 usually signals an oversold asset. This week, both companies fell far below that level. PayPal’s RSI dropped under 11, while Coinbase fell to around 14, showing extreme selling pressure. PayPal had its worst week ever, with shares plunging more than 24%. The selloff followed a weak earnings outlook for 2026 and the sudden departure of CEO Alex Chriss, which rattled investor confidence. Despite…
Shiba Inu is showing signs of renewed demand after several days of bearish market activity. New on-chain data suggests that investors are moving large amounts of SHIB off exchanges, a signal often linked to buying pressure. The broader crypto market recently faced sharp volatility. Bitcoin, major altcoins, and meme coins all dropped in price. Shiba Inu was part of that decline, but it has since staged a strong recovery. According to data from CryptoQuant, Shiba Inu recorded a net exchange outflow of 212,479,300,000 SHIB on February 7. This means far more tokens were withdrawn from exchanges than deposited over the…
Marathon Digital Holdings has moved a large amount of Bitcoin as the crypto market continues to slide. The company transferred Bitcoin worth about $87 million during a period of falling prices. On-chain data shows Marathon moved 1,318 BTC over roughly 10 hours. The transfers were tracked by blockchain analytics firm Arkham. The Bitcoin was sent to several destinations. These included institutional trading partners, custodial wallets, and one newly created address with no known owner. The largest single transfer involved about 654 BTC, valued near $42 million. The funds were sent to a wallet linked to institutional services firm Two Prime.…
Bitcoin traders are facing fresh warnings of a sharp price drop as analysts debate how deep the current correction could go. One analyst says Bitcoin could fall as much as 70% from its peak, with $38,000 acting as a possible bottom. A crypto analyst known as “Sherlock” shared the forecast on social media platform X. The analysis compares Bitcoin’s past bear market drawdowns to estimate where the current cycle might end. According to the data, Bitcoin fell about 93% in the 2011 cycle. Later cycles saw smaller drops, including 86% in 2015, 84% in 2018, and roughly 77% during the…
Bitcoin Core maintainer Gloria Zhao has stepped down from her role and revoked her signing PGP key. She confirmed the move in a post on GitHub on Feb. 5. By revoking her key, Zhao formally ended her ability to sign official Bitcoin Core software releases. Maintainers play a key role in reviewing code changes and approving final versions of the software. Zhao became a Bitcoin Core maintainer in July 2022. Her appointment came when her PGP key was added to the trusted list, around the same time longtime contributor Pieter Wuille stepped back. She was the first known woman to…
Bitcoin investors are facing fresh concerns over a future security threat linked to quantum computing. Experts warn of a risk known as “harvest now, decrypt later,” where attackers collect encrypted data today and wait to break it in the future. The warning comes as institutional interest in Bitcoin continues to grow. BlackRock’s iShares Bitcoin Trust now holds about 764,893 BTC, which is roughly 3.64% of Bitcoin’s total supply. This large concentration has renewed debate over security and key management. Researchers say most cryptocurrencies rely on Elliptic Curve Cryptography, or ECC. While ECC is secure today, it could become vulnerable if…
Dogecoin (DOGE) has fallen to its lowest level in three months as the broader crypto market remains under heavy pressure. The meme coin dropped alongside Bitcoin and Ethereum during the ongoing market correction. DOGE is trading near the $0.095 level, wiping out weeks of gains in a short period. The sharp decline has weakened confidence among retail investors and renewed doubts about the future of meme coins. Market sentiment remains cautious as fear continues to dominate crypto trading. Many investors have reduced exposure to high-risk assets, including meme tokens like Dogecoin. Despite the selloff, technical charts suggest DOGE may be…
Tether has made a $100 million equity investment in Anchorage Digital, strengthening ties between the stablecoin issuer and the regulated crypto bank. The investment was made through Tether Investments, the company said. In a blog post, Tether said the move reflects closer collaboration between stablecoin issuers and federally regulated financial institutions. It also highlights the growing role of digital assets in mainstream finance. Anchorage Digital Bank N.A. is the first federally chartered digital asset bank in the United States. The firm provides services such as custody, staking, settlement, governance, and stablecoin issuance for institutional clients. Tether said Anchorage plays a…