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news-imageFebruary 7, 2025

Over $3 Billion Bitcoin and Ethereum Options Expiring as Markets Digest Effects of Trump Tariffs

Approximately $3.12 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today. With the pioneer crypto still below $100,000 this week, will its billion-dollar-plus notional value expiry push the price higher?
Publisher: BeInCrypto
Sentiment: Neutral
BTC
ETH

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Neutral
cover-imageInvezz
February 7, 2025

Crypto prices on Feb 7: BTC stuck at $97K, TRON jumps 3%

The cryptocurrency market continued its volatile trajectory on Friday, with most major coins trading sluggishly. Bitcoin (BTC) remained subdued at the $97K level, while Ethereum (ETH), XRP, and Solana (SOL) experienced sharper declines. The global cryptocurrency market capitalisation stands at $3.15 trillion, reflecting a 1.06% decline over the past 24 hours.

Negative
cover-imageThe Currency Analytics
February 7, 2025

Bitcoin Maxi Predicts XRP to Drop to Zero by 2035

A prominent Bitcoin maximalist, known as “Bitcoin Dad,” has fueled controversy with a bold prediction for XRP's future, suggesting that by 2035, the digital asset's price will plummet to nearly zero. The prediction comes as a part of the ongoing rivalry between Bitcoin proponents, often called “maximalists” or “maxis,” and XRP holders.

Positive
cover-imageThe Currency Analytics
February 7, 2025

Ethereum's Negative Netflow Signals Bullish Momentum

Ethereum (ETH) has recently experienced a shift in market sentiment, with a significant negative netflow of -60,000 ETH withdrawn from exchanges. This development has added to the bullish momentum Ethereum has witnessed in the past few days, as the cryptocurrency saw a 3% increase in price, trading at $2,838 at the time of writing.

Positive
cover-imageTokenpost
February 7, 2025

Strategy Rebrands, Reaffirms Bitcoin Commitment

Just a day after rebranding from MicroStrategy to Strategy, founder and chairman Michael Saylor broke his silence on X, declaring, Strategy is Bitcoin. This statement reaffirms the companys unwavering commitment to the leading cryptocurrency.

Positive
cover-imageThe Currency Analytics
February 7, 2025

Whales Accumulate Bitcoin in Large Quantities Amid Market Volatility

Bitcoin whales are making a massive move, accumulating large amounts of Bitcoin despite recent market struggles. While the price of Bitcoin has been volatile, these large holders seem to be taking advantage of the market fluctuations, buying up the cryptocurrency at discounted prices during retail sell-offs.

Negative
cover-imageNewsBTC
February 7, 2025

Bitcoin Network Activity Slumps To One-Year Low – Is BTC Overpriced?

According to a recent CryptoQuant Research post, Bitcoin (BTC) network activity has slumped to a 12-month low, with CryptoQuant's Bitcoin Network Activity Index currently at its lowest level since February 2024. Bitcoin Network Activity Drops As Market Consolidates Data from CryptoQuant's Bitcoin Network Activity Index shows that activity has declined by 15% from its peak in November 2024.

Positive
cover-imageThe Currency Analytics
February 7, 2025

Bitcoin Spikes to $99K After Eric Trump's Buy Signal

Bitcoin has recently seen a surge, climbing to the $99K level following a buy recommendation from Eric Trump, son of former President Donald Trump. Despite Bitcoin's struggle to stay above the $100K mark, the cryptocurrency experienced a notable uptick after Eric Trump tweeted about the current opportunity to invest in Bitcoin, pushing the price back to nearly $99K.

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