Crypto Market Downturn: Whales Sell Amid Volatility, With Bitcoin Miners Eyeing AI Sector
Crypto Market Downturn: Whales Sell Amid Volatility, With Bitcoin Miners Eyeing AI Sector
The cryptocurrency market has entered a phase of heightened volatility and significant price corrections. Bitcoin experienced steep declines driven by whale sell-offs, echoing the 2022 FTX collapse, though some analysts maintain a bullish long-term outlook. Ethereum also saw a sharp drop below $2,000, influenced by insider sales from co-founder Vitalik Buterin and other major holders.
Beyond BTC and ETH, various altcoins including XRP, TRX, BNB, Monero (XMR), and Zcash (ZEC) have reported notable price slides, reflecting broader market weakness and macroeconomic pressures. In contrast, privacy coin ZANO showed relative stability, and Solana's ecosystem observed positive Layer 2 development.
Interestingly, the Bitcoin mining industry, facing capitulation, might find a 'lifeline' in Big Tech's massive $500 billion investments into artificial intelligence, suggesting a potential synergy between crypto mining infrastructure and AI needs. This comes as entities associated with public figures, like Donald Trump's WLFI, were observed selling wrapped Bitcoin to prevent liquidations.
Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse. BTC had recovered to $69,800 as of press time, according to CryptoSlate data. Still, Glassnode data helped frame the extent to which the price had slipped relative to widely
Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in ETH since the beginning of February, adding narrative fuel to a market rout that saw the world's second-largest cryptocurrency tumble below $2,000. While the high-profile sales by Buterin served as a psychological trigger for retail panic, a closer examination of market
Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation. The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year. However, the capital surge will involve more than buying
XMR dropped to $311 and ZEC to $221 over seven days while ZANO declined just 1.4% as Fear & Greed hit 9. Key Notes Monero fell 28.9% and Zcash dropped 33.4% over the past week while ZANO declined just 1.4% Fear & Greed Index fell to 9 on Feb. 6, classified as extreme fear, down
Bitcoin has a way of turning numbers into memories. You remember the first time it ripped through a round number, $10k, $20k, $100k, you remember the mood shift when it stops rewarding optimism, you remember the quiet weeks when every bounce feels like a trap, and the loud ones when it feels like the floor
A wallet attributed to President Donald Trump's World Liberty Financial, which is managed by his sons, withdrew approximately 173 wrapped Bitcoin from Aave V3 on Feb. 5 and sold them to repay $11.75 million in stablecoin debt. This sequence reveals the mechanics of voluntary deleveraging: as Bitcoin's drawdown below $63,000 forces whales to sell collateral
The cryptocurrency market has entered a renewed phase of volatility, with major digital assets including XRP, TRX, and BNB experiencing notable price corrections alongside broader market weakness. The downturn reflects a combination of macroeconomic pressure, reduced speculative activity, and ongoing reassessment of long-term network fundamentals across leading blockchain ecosystems. As prices across multiple Layer 1