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Ethereum Surges Above $2,100, Up 4.06% in 24 Hours

2 hours ago

February 8: Ethereum rebounded above $2100, per HTX market data, posting a 24-hour gain of 4.06%.
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Trader Eugene: $60,000 still remains a relatively reasonable support level for Bitcoin, but it is uncertain whether we have seen the bottom

On February 8th, trader Eugene Ng Ah Sio shared in his personal channel: Taking a step back to review the past week’s action through the high-timeframe (HTF) market structure lens, it’s clear the market has hit a rough patch. While $60k still holds as a fairly solid support level, one lesson from the last cycle sticks with me: never go all-in on a long position without an invalidation level. Bull markets tend to get crazier than you anticipate—bear markets always end up worse than you imagine. I don’t know where this bear market’s bottom lies, nor am I certain we’ve bottomed at $60k—but survival always comes first. Treat every trading opportunity as an independent call, and use stop-loss orders to guard against further downside.

6 minutes ago

Kyle Samani Slams Hyperliquid: Closed-Source Code Facilitates Crime and Terrorism

February 8th: Kyle Samani, former Multicoin co-founder and Forward Industries (FORD) chairman, posted on X that Hyperliquid epitomizes many of the crypto industry’s worst flaws. The project’s founder fled his home country to launch it, it openly enables crime and terrorism, and its code is closed-source and permissioned.

6 minutes ago

A new wallet withdrew 2156 BTC again from Binance, worth $151.21 million

On February 8, Onchain Lens monitoring data indicates that a newly created wallet has again withdrawn 2,156 BTC from Binance, valued at $151.21 million. To date, this address has withdrawn a total of 2,786 BTC from Binance, worth $195.39 million.

6 minutes ago

Ark Invest Buys Another $10.7 Million Worth of Bullish Stock on Friday, Sells $22 Million Worth of Coinbase Stock

**February 8 (Friday) — Cointelegraph reports Cathie Wood’s Ark Invest has again adjusted its crypto-linked stock holdings, purchasing ~$10.7 million worth of Bullish shares while selling ~$22 million in Coinbase stock.** Trading disclosures show Ark bought 393,057 Bullish shares across three of its exchange-traded funds (ETFs) on the day. It also sold 134,472 Coinbase shares in the same transaction. This follows Ark’s Thursday (Feb 6) moves, where it acquired ~$17.8 million in Bullish stock and offloaded ~$17.4 million of Coinbase shares.

6 minutes ago

Vitalik: ETH is both a Store of Value and one of the most important applications on Ethereum

On February 8, Ethereum co-founder Vitalik Buterin posted on X, noting: “ETH is a store of value and one of Ethereum’s most important applications.”

6 minutes ago

Bloomberg Analyst: Bitcoin Still a High-Volatility, High-Risk Asset

On February 8, Bloomberg ETF analyst Eric Balchunas took to social media to share: “It turns out the call that BTC ETF investors are more resilient than many assumed is right—but my earlier take that market volatility would fade was wrong. I’d thought the retail investors drawn in by the ETF would replace the ‘dumb money’ retail crowd from pre-FTX days, thus stabilizing the market. What I missed? Bitcoin OGs are selling in droves. “I originally figured they’d hold tight (HODL) after weathering multiple extreme rallies. Plus, a 450% jump over two years should’ve been a red flag—too much, too fast. We’ve stuck to our view on BTC: it’s still a high-volatility, high-risk asset class, at least for the foreseeable future.”

6 minutes ago

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