Market Movements & Analysis:
Bitcoin has seen a dip, falling 10% today and approximately 50% from its highs, trading around $64,944. Litecoin also experienced a decline.
Analysts are warning of a potential extended downturn as Bitcoin struggles around the $68K mark.
The Bitcoin-gold ratio is signaling an "historic warning" as altcoins are sinking to record lows.
Ethereum co-founder Vitalik Buterin has encouraged the crypto community to focus on long-term thinking.
Regulatory and Industry News:
China's increased restrictions on cryptocurrencies and tokenized real-world assets are impacting the prospects for an offshore yuan-linked stablecoin.
Former Binance CEO Changpeng Zhao has responded to market declines by emphasizing that traders should take responsibility for their own risk, rather than blaming Binance.
A significant amount of WBTC (53.4) was transferred between anonymous addresses today.
Goldman Sachs reportedly cut its Bitcoin ETF holdings by 40% in Q4.
Robinhood has launched a public testnet for a blockchain built on Arbitrum, though its crypto revenue saw a 38% slide in Q4.
A former SafeMoon CEO was sentenced to 8 years in prison for a crypto scheme.
Other Developments:
Ant Group is reportedly shifting its focus towards healthcare, integrating AI into the sector.
There are ongoing discussions and predictions regarding the future prices of various cryptocurrencies like XRP, Cardano, Ethereum, and Pi Coin by the end of 2026, with AI models weighing in.
