Bitcoin is trading around $70,096 today amid ongoing market volatility following a sharp sell-off earlier this month. Recent #crypto news highlights hacks, regulatory shifts, and optimistic long-term predictions despite short-term pressures.
Key Recent Events
Solana-based Step Finance suffered a $27 million hack on February 1, contributing to over $370 million in crypto thefts for January 2026.
#Bitcoin dropped below $61,000 briefly on February 5 during an intensified sell-off, down about 27% from last year.
CFTC Chairman Michael Selig announced Project Crypto with the SEC for unified oversight, plus plans for tokenized collateral and perpetual derivatives rules.
Market Predictions
Experts forecast Bitcoin reaching $200,000 by early 2026 via ETF inflows and institutional demand, though on-chain estimates suggest $80K–$107K shorter-term.
ETFs could absorb over 100% of new Bitcoin, #Ethereum , and #Solana supply; Ethereum and Solana may hit all-time highs if the CLARITY Act passes.
Stablecoins, tokenized assets, and DeFi are expected to expand significantly, with over 100 crypto ETFs launching in the U.S.
Expert Opinions
Bitwise predicts lower Bitcoin volatility than Nvidia stocks and crypto equities outperforming tech. Galaxy Research sees stablecoins overtaking legacy rails and AI-driven on-chain payments emerging.
Atlas Merchant Capital's CEO Bob Diamond states all trading will shift to blockchain; Bitcoin remains a core holding despite volatility risks.
