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news-imageFebruary 6, 2025

Bitcoin, Ethereum, XRP, Dogecoin Grind Lower As Trader Warns: Choppy Above $95,500, Bearish Below

Despite positive catalysts like institutional adoption and discussions around Bitcoin's potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin's $95,500 support level. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,588.31 -1% Ethereum (CRYPTO: ETH) $2,710.63 -2% Solana (CRYPTO: SOL) $191.80 -3.7% XRP (CRYPTO: XRP) $2.33 -4.4% Dogecoin (CRYPTO: DOGE) $0.2481 -4% Shiba Inu (CRYPTO: SHIB) $0.00001505 -5.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Positive
cover-imageCrypto Reporter
February 6, 2025

Leaked Details From Crypto Insiders Reveal That Dogecoin Whales Just Made Their Move, Warns Not To Miss This Rare Crypto

In a surprising development, crypto insiders have revealed a significant surge in Dogecoin whales' activity that has sparked widespread speculation across the market. These influential investors are reportedly positioning themselves for massive gains, not just by holding Dogecoin, but by making strategic moves into WallitIQ (WLTQ)—an AI-driven crypto gem currently in its fast-winding presale.

Neutral
cover-imageBitcoin
February 6, 2025

Elon Musk and the Rise of DOGE: Is AI and Blockchain Set to Rewrite Federal Spending?

Over the past week, there has been a significant amount of controversy directed at the newly established Department of Government Efficiency (DOGE). Although opinions remain divided regarding its operations, artificial intelligence (AI) and blockchain technology will likely be employed to better optimize government spending on a permanent distributed ledger system.

Positive
cover-imageThe Currency Analytics
February 6, 2025

Dogecoin Bullish Divergence Indicates Potential Breakout

Dogecoin has recently made headlines with its first-ever bullish divergence on the RSI daily chart in 2025, signaling a potential upward movement in its price. As of the latest data, Dogecoin is trading at $0.2659, reflecting a 2.23% increase over the past 24 hours.

Negative
cover-imageNewsBTC
February 6, 2025

Ethereum Could Crash To $1,700 If This Support Fails, Analyst Says

An analyst has explained how Ethereum (ETH) could see its price crash to $1,700 if the support level of this technical analysis (TA) pattern fails. Ethereum Could Be In Danger Of Falling Under Ascending Channel Support In a new post on X, analyst Ali Martinez has discussed about where Ethereum could head next based on a pattern forming in its 12-hour price chart.

Positive
cover-imageBitcoin
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Risk and Reward: Families Betting on Bitcoin to Fund Their Children's Education

Driven by beliefs in bitcoin's potential for significant gains, some U.S. parents are shifting a portion of their children's college savings from traditional 529 plans to cryptocurrency. Disappointing 529 Returns Prompt Bitcoin Interest Some U.S. families are reportedly putting a portion of their children's college savings in bitcoin (BTC), believing the cryptocurrency typically outperforms stocks.

Positive
cover-imageThe Currency Analytics
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Bitcoin Block Size Could Reach 4 MB by 2026

Bitcoin's scalability has been a hot topic for years, with discussions about its block size reaching new levels of intensity. According to a recent report from Mempool, a research firm specializing in Bitcoin data, the Bitcoin network could see its block size expand to 4 MB by late 2026, representing a significant growth from its current size.

Negative
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Bitcoin Faces Volatility as 50K BTC Moves, CryptoQuant Warns

Bitcoin (BTC) investors may soon face increased volatility, with new concerns rising over large movements in Bitcoin holdings. A recent warning issued by prominent analytics firm CryptoQuant revealed that a massive 49,700 BTC, valued at around $5 billion, which had remained inactive for six to twelve months, are now being transferred.

Negative
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Bitcoin's Correlation With Markets Grows, Challenging ‘Safe Haven' Narrative

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Positive
cover-imageProactive Investors
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Trump Media files for Bitcoin ETF as part of investment push

Trump Media & Technology Group Corp (NASDAQ:DJT), the parent company of Truth Social, is expanding into financial services with a series of investment products under the "Truth.Fi" brand, the company announced Thursday. The move aligns with themes championed by President Donald Trump, including US energy independence, domestic manufacturing, and cryptocurrency.

Negative
cover-imageBenzinga
February 6, 2025

XRP Down 26% In 7 Days: What's Going On?

XRP (CRYPTO: XRP) has dropped 26% in the past seven days, mirroring broader market weakness that has pushed Bitcoin (CRYPTO: BTC) below $100,000. Despite the pullback, strong fundamentals could help XRP recover.

Negative
cover-imageThe Currency Analytics
February 6, 2025

XRP Price Prediction for February 6: Key Levels to Watch

Ripple's native token, XRP, has encountered some challenges recently, facing a more than 3% decline in its value and revisiting levels below the $2.50 mark. The coin dropped to a low of $2.36 within the last 24 hours, triggering some concerns in the market.

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