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Viewpoint: The Altcoin Sell-Off is Still in the Early Stages, Investors Need to Be Prepared

2 hours ago

**February 6th Crypto Update** Analyst @alicharts noted in a post that while Bitcoin saw a brief rebound, some altcoins failed to stage a meaningful bounce alongside it. From a chart perspective, many altcoins—including THETA, FIL, DOT, and AVAX—are on track for steeper declines. @alicharts believes the altcoin downturn is still in its early stages, and the broader market structure points to further downside ahead. For prepared traders, however, there remain ample profit opportunities in this environment. Known for specializing in chart and historical trend analysis, @alicharts shifted to a bearish stance on cryptocurrency markets last October, after previously holding a bullish view.
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Cryptocurrency Market Resurgence Continues, Ethereum Breaks $2000

February 6th: HTX market data shows the crypto market’s rebound is ongoing, with Ethereum topping $2000 and now trading at $2002.32.

4 minutes ago

glassnode: Bitcoin Valuation Level Reaches Historical Lows, Signaling Exhaustion of Downside Potential

On February 6, Glassnode posted that Bitcoin’s “Yardstick” indicator has hit an all-time low—well below prior cycle bottoms—signaling the cryptocurrency is severely undervalued relative to its network security (hash rate). Historical data shows such extreme lows often mark downside exhaustion and a confluence of long-term opportunities, with past similar instances preceding significant Bitcoin price rebounds. Note: Developed by Capriole Investments, the Bitcoin Yardstick is defined as Bitcoin’s market capitalization divided by its hash rate, normalized over two years of data. Like a stock’s P/E ratio, it’s used to assess Bitcoin’s valuation.

4 minutes ago

Ronin Testnet has completed the Ethereum migration, with Mainnet scheduled to upgrade to Ethereum L2 in the first half of 2026.

On February 6, GameFi blockchain Ronin announced that its Saigon testnet has successfully migrated to Ethereum. The network’s mainnet will undergo the planned Ethereum Layer 2 (L2) migration, which is expected to wrap up between Q1 and Q2 2026.

4 minutes ago

Analysis: Bitcoin's current support is above $60,000, with resistance near $80,000

On February 6, Glassnode analyst Chris Beamish noted that Bitcoin’s HODLer Cost Basis Heatmap shows a strong support level above $60,000—an area where long-term holders are heavily concentrated. Further up, near $80,000, dense supply forms a key resistance level. This range defines the current supply chain dynamics.

4 minutes ago

Influenced by a strong opening in the US stock market, Bitcoin rebounds to break through $68,000.

Feb. 6 – Bitcoin has rebounded, breaking above $68,000 on the back of a strong opening for U.S. stocks, per HTX market data. It is currently trading at $68,005.

4 minutes ago

US Stock Market Opens Higher, Crypto-Related Stocks Rebound Significantly, MSTR Opens 11.2% Up

Feb. 6 — Bitget market data shows U.S. stocks opened higher with the Dow up 0.25%, S&P 500 +0.27% and Nasdaq +0.37%. Amazon (AMZN.O) dropped 9% after forecasting a 50% jump in capital spending by 2026. Nvidia (NVDA.O) rose 2.7% following five straight days of losses. Crypto-linked stocks posted gains: MSTR opened up 11.2%, BMNR +8.91%, COIN +7.01% and CRCL +11.09%.

4 minutes ago

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