Crypto World
Fragile Optimism in Crypto as ETF Flows Return
Spot Bitcoin ETFs added $145 million, Ethereum saw $57 million inflows, signaling fragile optimism after a sharp crypto sell-off.
Even though they were trading at around $68,000 and $1,980, respectively, at the time of writing, Bitcoin and Ethereum bounced yesterday after sharp sell-offs, with BTC reaching $71,000 and ETH climbing to $2,150 following the resumption of spot ETF inflows.
The rebound renewed speculation that BTC may have established a local floor, but traders are also bracing for today’s Non-Farm Payroll (NFP) report and Friday’s Consumer Price Index (CPI) release, two data points that could reset Federal Reserve rate expectations and determine whether the rally holds.
ETF Flows Turn Positive, But On-Chain Data Signals Volatility Ahead
In its latest market update, digital asset trading firm QCP noted that spot Bitcoin ETFs recorded $145 million in net inflows yesterday, building on Friday’s $371 million. Spot ETH ETFs also reversed course with $57 million in net inflows after three days of red.
The shift follows a period of intense selling pressure that recently drove BTC to around $60,000, its lowest level since before the November 2024 U.S. elections.
Despite the inflows, on-chain data suggests market participants are preparing for continued turbulence. For example, CryptoQuant contributor CryptoOnchain reported that on February 6, over 7,000 BTC moved from Binance to other spot exchanges, making it the second-highest daily volume in the past year.
At the same time, the seven-day moving average of flows from Binance to derivative exchanges spiked to 3,200 BTC, the highest level since January 2024. The analyst interpreted the migration of funds to derivative platforms as a sign that large holders are either hedging downside risk or positioning for sharp price swings.
Meanwhile, QCP market watchers revealed that the Coinbase BTC discount has narrowed from approximately 20 basis points to 9 basis points, signaling a moderation in U.S.-led selling. But the Crypto Fear & Greed Index remains at 9, deep in “extreme fear” territory, with the trading firm describing conditions as “thin ice that happens to be holding.”
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Historical Context and On-Chain Trends
Bitcoin’s correction has drawn the broader market lower, with the OG cryptocurrency dipping below $67,000 and altcoins such as ETH, XRP, and BNB losing significant ground. The total crypto market capitalization has fallen to $2.36 trillion, shedding over $50 billion in daily value. Still, not all assets have mirrored this decline, as the likes of XMR gained 3%, while ZRO entered the top 100 following a 20% surge.
Unlike previous cycles, this downturn has avoided major systemic failures. Chainlink co-founder Sergey Nazarov pointed out on February 10 that real-world assets (RWAs) on the blockchain are expanding despite price volatility, with institutional interest sustained by technological advantages and 24/7 markets.
While the market looks for big economic changes, the increase in ETF investments provides some hope, but QCP warns that past price changes and how derivatives are set up mean traders should be careful and manage risks wisely.
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Crypto World
USD Under Pressure Ahead of NFP: Yen and Loonie in Focus
The dollar continues to decline ahead of the US January labour market report and has yet to show signs of firm stabilisation. Pressure on the US currency persists, although it is possible that following the release of the employment data the dollar may attempt to steady and find short-term support.
Investors are still trimming dollar positions in advance of the Non-Farm Payrolls report, as well as the unemployment rate and wage growth figures, which are viewed as key indicators for assessing the Federal Reserve’s next steps. After a spike in volatility at the start of the week, trading activity has eased and the market has shifted into wait-and-see mode, watching whether the data will confirm a gradual easing scenario or instead provide grounds for dollar stabilisation and a corrective rebound.
USD/JPY
USD/JPY remains under pressure amid NFP expectations and domestic developments in Japan. The yen found support after Prime Minister Sanae Takaichi’s decisive victory in the snap election, which boosted investor confidence in the country’s economic outlook.
The sharp rally in Japan’s equity market and fresh record highs in the Nikkei and Topix indices have been interpreted as a sign of political stability and the potential for large-scale reforms. This has strengthened demand for the yen and added downward pressure to USD/JPY.
Technical analysis suggests a possible retest of the January extremes near 152.20–152.70, as a bearish engulfing pattern has formed on the daily timeframe. The bearish scenario would be invalidated by a sustained move above 154.50.
Key events for USD/JPY:
- Today at 15:30 (GMT+2): US Non-Farm Payrolls
- Today at 15:30 (GMT+2): US average hourly earnings
- Today at 17:15 (GMT+2): Speech by FOMC member Michelle Bowman

USD/CAD
As expected, a test of the key resistance zone at 1.3700–1.3720 brought the upward impulse to an end. Following the formation of a dark cloud cover pattern, the pair declined towards 1.3520.
Should US employment data disappoint, a renewed test of the 1.3480 low is possible. A resumption of the upward correction may be considered only after a confident break and hold above 1.3580.
Key events for USD/CAD:
- Today at 15:30 (GMT+2): Canadian building permits
- Today at 17:30 (GMT+2): US crude oil inventories
- Today at 20:30 (GMT+2): Bank of Canada summary of deliberations

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Crypto World
Cisco (CSCO) Stock Q2 Earnings: What to Expect from Today’s Report
TLDR
- Cisco reports Q2 fiscal 2026 earnings Wednesday after market close with analysts expecting $1.02 EPS on $14.88 billion revenue
- Stock has surged 37% over the past year fueled by AI infrastructure demand from cloud and hyperscale customers
- UBS analyst forecasts Product orders to grow high single digits while AI orders may hold flat at $1.3 billion sequentially
- Options market implies 6.22% post-earnings move, more than double the stock’s typical 3.01% swing
- Company launched new AI networking chip Tuesday to compete directly with Broadcom and Nvidia
Cisco releases second quarter fiscal 2026 results after the bell Wednesday, February 11. The conference call follows at 4:30 pm ET.
Wall Street expects earnings per share of $1.02, up 8.5% year-over-year. Revenue estimates sit at $14.88 billion, representing 1.55% growth.
The consensus figures match Cisco’s guidance of $1.01 to $1.03 per share on $15.0 billion to $15.2 billion in revenue. With numbers aligned, investors will focus on forward guidance and AI order momentum.
CSCO stock has jumped 37% over the past year. Strong demand for AI networking infrastructure has powered the rally across cloud providers and enterprise customers.
The company announced a new AI networking chip Tuesday, positioning itself against Broadcom and Nvidia. The timing ahead of earnings suggests management wants to emphasize its AI credentials.
Analyst Expectations Point Higher
UBS analyst David Vogt maintains a Buy rating with a $90 price target. His industry checks indicate revenue could top his $15.05 billion estimate on strengthening enterprise markets.
Vogt projects Product orders rising high single digits, down from 13% growth last quarter. He conservatively expects AI orders flat sequentially at $1.3 billion, about 20% of his $6.2 billion full-year target.
Meta Platforms’ recent capex disclosure supports the AI thesis. Meta reported Q4 2025 capex of $22.1 billion, up 49% yearly, with 2026 guidance of $125 billion at the midpoint.
Cisco’s remaining performance obligations reached $42.9 billion in October, up 7.2% year-over-year. This backlog metric will signal whether AI deals continue converting to revenue.
Evercore analyst Amit Daryanani holds a Buy rating with a $100 price target. He highlighted Cisco’s Silicon One products including G200 and P200-based systems following the company’s AI Summit.
Options Activity Signals Volatility
Options traders expect a 6.22% move in either direction after earnings. That’s more than double the 3.01% average post-earnings move over the past four quarters.
The elevated implied volatility reflects investor uncertainty about AI order sustainability. Wall Street assigns a Strong Buy consensus with 10 Buy ratings and three Holds.
The average analyst price target of $91.30 implies roughly 6% upside. TipRanks’ AI Analyst rates the stock Outperform with a $96 target, citing solid fundamentals and positive technical indicators.
Cisco offers a 2.1% dividend yield. Management’s full-year fiscal 2026 guidance calls for $60.2 billion to $61.0 billion in revenue with EPS of $4.08 to $4.14.
The key questions for Wednesday’s call center on AI infrastructure momentum, enterprise spending trends, and whether management feels confident enough to raise full-year targets. Any hints of AI order delays or margin pressure could test the stock’s 37% run.
Investors will also watch for commentary on the competitive landscape after Tuesday’s chip announcement. Cisco disclosed over $2 billion in AI infrastructure orders during fiscal 2025 and has suggested the fiscal 2026 pipeline could exceed $3 billion.
The company ended Q1 with cumulative AI orders topping $2.1 billion. Converting that backlog into recognized revenue remains critical for sustaining growth and justifying the stock’s recent valuation expansion.
Crypto World
BNB & Toncoin Stall as BlockDAG’s Mainnet Goes Live! Here’s Why Traders Are Rushing to Secure 200x ROI Potential
The crypto market is in a bearish mood, and major coins are reflecting the trend. The Binance Coin price recently dipped to $643.38, showing weekly losses of nearly 15%. The Toncoin price is also sliding, trading below all key moving averages and facing persistent downward pressure.
Yet in the middle of all this volatility, one project is moving upward: BlockDAG (BDAG). The coin has quickly become the most popular cryptocurrency of the quarter, with major milestones ahead, including exchange listings on February 16 and today’s TGE event.
And its long-awaited mainnet has gone live today! Now, traders have a final chance to secure a 200× ROI in its last allocation phase, before the opportunity vanishes forever. Let’s explore the BNB and TON outlook and see why experts are calling BDAG a must-buy coin today.
Binance Coin Price Holds Despite Selling Pressure
The Binance Coin price has slipped to $643.38 now as overall crypto market activity has slowed. Now, the weekly losses are nearing 15%, signaling persistent selling pressure. Trading volume dropped sharply, yet long-term investors are holding their positions, closely watching for potential recovery opportunities. Analysts point out that BNB remains within a multi-year accumulation phase, with strong support around $421 and a deeper fallback near $305 if needed.
Historically, Binance Coin price surged in 2021 before entering a prolonged sideways consolidation. A recent breakout above this channel suggests the start of a potential bullish cycle. Medium-term targets sit near $1,385, while longer-term projections range from $2,000–$3,000, with speculative scenarios even reaching $10,000, though these remain probabilistic.
Toncoin Price Stuck Below Key Resistance
The Toncoin price is currently trading at $1.411, marking a weekly decline and staying below all major moving averages, MA-20 ($1.459), MA-50 ($1.596), and MA-200 ($2.308), showing persistent downward pressure. Technical signals, including MACD and ADX, point to continued selling, while RSI at 44 and an overbought Stochastic RSI suggest mixed short-term momentum.
The nearest support lies at $1.35, with resistance near $1.48, limiting the likelihood of a strong breakout. Over the coming week, Toncoin price is expected to trade sideways within this range, with further declines possible if support fails. Analysts note that without a decisive move above $1.48, bearish conditions may persist, though short-term range trading could continue between $1.35 and $1.48.
Mainnet Live: Why BlockDAG Is The Market Favorite Today
BlockDAG has quickly become the most popular cryptocurrency of 2026, fast approaching its exchange listings on Feb 16, less than a week away. And today marks a huge step in its launch roadmap: mainnet activation. The BlockDAG Mainnet is live, the network is fully operational, and real transactions are being verified on the BlockDAG Explorer. Now, holders just need to keep their presale wallet or linked dashboard ready for what comes next.
The Token Generation Event (TGE) also begins today on February 11, 2026.. The claiming process has kicked off. Users simply log in to the BlockDAG dashboard, connect their presale wallet, and select “Claim BDAG.” Tokens will be sent directly on-chain, no extra forms, no hidden fees, just standard gas costs. The portion unlocked at TGE depends on presale allocations, and any remaining tokens will automatically follow the vesting schedule.
Now, the final BDAG allocation is live at just $0.00025. Compared to the $0.05 launch price, buyers are looking at an instant 200× potential upside if they act before the TGE closes. Staking in the network is also tied to BDAG ownership. CEO Nicolaas David van den Bergh made it crystal clear in a recent Binance AMA: staking rewards are only for BDAG holders. No BDAG, no staking. No staking, no rewards.
Once claimed, BDAG can be traded, staked, or used according to vesting rules. This clear launch roadmap ensures everyone, from first-timers to seasoned traders, can confidently step into the mainnet and start earning. With the network processing its first real transactions today and 200× potential on the table, it’s a rare chance to join before BDAG hits exchanges and the price moves out of reach.
Final Thoughts
Right now, the Binance Coin price is hanging around make-or-break levels. Support near $421 is the main cushion if the market stays weak, while $305 is the last safety net if things turn rough. On the upside, a move toward $1,385 would be a strong sign that confidence is returning.
The Toncoin price action feels more bearish, staying below all its key averages. With $1.35 acting as the floor and $1.48 as the ceiling, TON looks set to drift sideways unless buyers step in with real conviction.
BlockDAG, on the other hand, is in a completely different league. With its mainnet live, TGE set for today on Feb 11, and exchange listings less than a week away, it’s clear why it ranks as the most popular cryptocurrency right now.
And the final allocation phase means there’s a rare chance to score 200x ROI. Simply put, with staking rewards, a clear launch plan, and a massive upside still on the table, BDAG isn’t just another promise; it’s the one opportunity that’s actually moving while others hit pause.
Private Sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
When Will Bitcoin’s (BTC) Bear Market End? 4 AIs Predict the Turning Point
“Right now, we are in the confusion phase,” ChatGPT claimed.
Bitcoin (BTC) has been in an evident downtrend over the past few months, which intensified at the start of February. This caused analysts and market observers to claim that the asset has entered a bear market.
Investors are now perhaps curious to find out when that period will be over, so we consulted four of the most popular AI-powered chatbots to give their take on the matter.
Brace for Several More Months
According to ChatGPT, BTC is likely in the middle-to-late stage of the bear phase rather than the beginning. However, it suggested that there is a strong possibility for a final shakeout before entering a slow accumulation stage.
The chatbot pointed out that in previous cases, Bitcoin’s bear market has rarely ended dramatically, and its conclusion looked “quiet and uninteresting.”
“Right now, we are in the confusion phase – which historically is closer to the end than the beginning,” ChatGPT added.
Perplexity predicted that the bear phase could end in the second quarter of the year, assuming that the negative sentiment among investors lately has marked the bottom zone. Earlier this month, the popular Fear & Greed Index plummeted to “Extreme Fear” territory of 6, a level last observed in August 2019.
This reflects the panic across market participants following the recent decline; however, it may also be interpreted as a buying opportunity. After all, renowned investors and prominent figures, including Warren Buffett, have long advised that investors should step in when prices are collapsing and exit the ecosystem when “Greed” dominates.
According to Perplexity, the potential end of the bear market in Q2 might be followed by consolidation and a renewed bull run towards the end of 2026. It went even further, forecasting that BTC’s valuation could hit a new all-time high of around $150,000 before New Year’s Eve.
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A Lot More Pain?
Grok, the chatbot integrated into the social media platform X, outlined a more pessimistic viewpoint. It claimed that the bears will remain in charge until the end of the year, adding that there might be a further crash to as low as $55,000. The chatbot warned that, in the event of a global geopolitical event, such as a major war, the price could tumble further than the depicted level.
Google’s Gemini presented a similar scenario. It expects subdued performance until late 2026 as the market prepares for the 2027-2028 run toward new peaks.
“If the current cycle follows the ‘four-year’ script, the absolute capitulation point (the ‘true bottom’) may not arrive until late 2026, especially around October or November,” it stated.
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Crypto World
Ault Capital Group Unveils Ault Blockchain Public Testnet
[PRESS RELEASE – Las Vegas, Nevada, February 11th, 2026]
Ault Capital Group today announced the public testnet launch of Ault Blockchain, a Layer 1 network designed for trading, settlement, and institutional-grade onchain infrastructure. This launch marks the first public release of the protocol and opens access to developers, infrastructure operators, and early network participants.
Ault Blockchain is built as a Cosmos-based Layer 1 with full Ethereum Virtual Machine compatibility, enabling Ethereum-native smart contracts and tooling to run without modification. The network is governed by Ault DAO, which oversees protocol rules, economic parameters, and long-term upgrades through onchain governance.
The public testnet provides a live environment for evaluating core network functionality, validator performance, and infrastructure design. This early access seeks community engagement and feedback by contributors who add value to the network’s development and stability.
In contrast to typical launch models, Ault Blockchain will not conduct a public token sale. Instead, the native AULT token will be distributed exclusively through a protocol-controlled emissions schedule tied to measurable network participation, including consensus security and licensed infrastructure operations rather than speculative activity.
Milton “Todd” Ault III, founder and executive chairman of Ault Capital Group, said: “Ault Blockchain was built the opposite way most networks are built. We started with real financial use cases and then designed the blockchain to support them. Participation is based on defined roles and verifiable work, not speculation, with transparent economics that are meant to support long-term network health from day one.”
The network launch is supported by a group of established infrastructure and development partners. B-Harvest serves as Ault Blockchain’s primary development partner, contributing to protocol engineering and core network architecture. Xangle focuses on development of Ault’s official explorers and relevant hubs.QuickNode provides RPC infrastructure to support network access and reliability. Finally Protofire supports Safe-related tooling across EVM environments.
Ault Blockchain introduces a licensed participation framework for infrastructure operators. Licensed Mining Nodes are authorized to perform defined off-chain services, beginning with cryptographic randomness at launch. In parallel, Proof-of-Stake validators and delegators secure network consensus and collect transaction fees under transparent, DAO-governed economics. After launch, the core team will shift its focus to the core team’s roadmap including spot trading on decentralized exchanges, lending services, perps trading, and other advanced workloads are being explored and may deploy over time as the network evolves.
Ault Blockchain’s testnet launch follows the completion of an initial protocol security audit and precedes further validator onboarding and ecosystem testing. Ault Blockchain’s mainnet launch will occur after additional testing milestones are met. At genesis, the chain will launch with its core protocol modules, EVM compatibility, an initial validator set, and onchain governance in place, marking a new era for institutional finance.
To learn more about Ault Blockchain, visit https://Aultblockchain.com and read project documentation to view the testnet scanner go to the following link . https://ault-evm-testnet.explorer.xangle.io/home
About Ault Blockchain
Ault Blockchain is a finance-first, institutional-grade Layer-1 blockchain designed to support trading, settlement, and data-driven workloads. Built on the Cosmos SDK with full Ethereum Virtual Machine compatibility, the network enables unmodified Ethereum smart contracts while providing fast finality and native cross-chain interoperability.
Governed onchain by Ault DAO and supported by a licensed infrastructure framework, Ault Blockchain aligns network economics with verifiable participation rather than speculative token distribution. With real-world financial and analytics applications launching from day one, Ault Blockchain is optimized for next-generation onchain finance.
About Ault DAO
Ault DAO is the decentralized governance body responsible for overseeing the Ault Blockchain protocol. The DAO was created by and is overseen by Ault DAO, LLC, a Wyoming DAO LLC. Through onchain governance, the DAO manages protocol parameters, validator participation, and network upgrades, ensuring transparent and community-driven decision-making aligned with the network’s long-term objectives.
About Ault Capital Group
Ault Capital Group is a diversified investment and holding company focused on technology-driven businesses, digital assets, and financial infrastructure. Through its operating companies and strategic investments, Ault Capital Group supports platforms across blockchain, data infrastructure, and emerging technologies. The firm emphasizes disciplined capital allocation and long-term value creation.
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Crypto World
Arbitrum price forecast: what’s next amid 45% ARB downturn?
- Arbitrum price hovered near $0.10 as cryptocurrencies saw fresh declines.
- The token was down nearly 20% in the past week and 45% over the past month.
- Robinhood Chain has launched its public testnet on Arbitrum.
Arbitrum (ARB) traded around $0.10 at the time of writing on Wednesday, with bulls looking to break above $0.11 following an intraday dip amid broader market weakness.
Ethereum and XRP prices were all down on the day as Bitcoin dropped under $65k again.
The slight dip for ARB as of early US trading hours came as the latest network developments saw Robinhood announce the public testnet launch of its real-world asset platform on Arbitrum.
Arbitrum price hovers near $0.10
The ARB token traded at highs of $0.22 on January 14, 2026. However, as bearish sentiment that has carried from Q4, 2025 decimated crypto bulls, ARB steadily fell and hit lows of $0.099 on Feb 5.
Despite a bounce to $0.12, prices are back near this critical level.
On Wednesday, broader weakness remained a key factor across crypto.
However, Arbitrum shared news that the Robinhood Chain was now live in public testnet, and developers can tap into its infrastructure to support tokenized real-world and digital assets.
Robinhood Chain testnet is now live on the Arbitrum platform.
Phase 1 focuses on developer onboarding and infrastructure testing:
Testnet gas + Stock Tokens
Contract deployment
Bridging + explorer visibilityThis allows tokenized asset flows to be tested without production… pic.twitter.com/gtLvKDxVVH
— Arbitrum (@arbitrum) February 11, 2026
From a network growth viewpoint, this is hugely positive news for Arbitrum.
But can bulls ride it as a fresh catalyst for a rebound? The altcoin is down more than 20% in the past week and by over 45% in the past month.
Arbitrum price forecast
As noted, the ARB token has experienced a sharp decline since peaking at highs of $0.62 in August 2025.
The October 10 crash saw it plummet to lows of $0.10.
Prices briefly steadied to $0.36, but the overall downtrend resumed and ARB broke to $0.094 amid the February 5, 2026, crypto market route.
That crash below the critical support level of $0.10 accelerated the weakness, and an extended downtrend of five months saw the token hit its all-time low.
ARB price is up 13% from that low, but in terms of technical analysis, the daily chart shows ARB continues to trend with an entrenched bearish structure.
For instance, the current price is below the 20-day EMA, which offers upside resistance around $0.13.

Meanwhile, the Relative Strength Index (RSI) hovers in oversold territory at 24, signaling potential exhaustion.
However, there’s no immediate reversal formation yet, and the Supertrend indicator is flashing bearish signals.
The price trajectory points lower, and short-term bearish continuation could see ARB dip to a new all-time low under $0.09.
On the flipside, if oversold conditions trigger a bounce, the further strength above $0.13-$0.15 highlights the next targets at $0.22 and $0.35.
Crypto World
BlockFills halts withdrawals, restricts trading, according to reports
Amid sharp, mostly downward volatility in crypto markets, BlockFills has halted withdrawals and restricted trading on its platform, according to reports in Mining Mag and the Financial Times.
Based in Chicago and backed in part by market-making giant Susquehanna Investment Group, BlockFills saw $60 billion in trading volume last year, according to the FT.
“In light of recent market and financial conditions, and to further the protection of clients and the firm, BlockFills took the action last week of temporarily suspending client deposits and withdrawals,” a spokesperson told the newspaper.
“Clients have been able to continue trading with BlockFills for the purpose of opening and closing positions in spot and derivatives trading and select other circumstances,” the spokesperson said.
BlockFills’ moves come as the months-long slide in crypto prices accelerated into a full-blown crash last week. Bitcoin plunged to as low as $60,000 before bouncing to its current $67,000, still down about 50% from its record high last October.
The action is reminiscent of 2022’s crypto winter, which saw numerous platforms forced to suspend withdrawals as the bear market deepened, with many of them ultimately collapsing.
Crypto World
Silver Price Stabilises | Market Pulse
As indicated by today’s ATR reading on the XAG/USD chart, trading activity has returned to the more normal levels seen prior to the third week of January, when:
→ silver entered a phase of exuberant growth towards its record high around the $120 mark;
→ this was followed by a dramatic collapse towards the $75 area.
The volatility indicator has now fallen back to customary levels, suggesting that supply and demand are gradually moving into balance.
Yesterday’s release of weaker US retail sales data could have served as a bullish catalyst for gold and silver, as signs of slowing economic activity ahead of key employment figures tend to increase demand for safe-haven assets. However, this did not occur, reinforcing the view that the market is stabilising.

On 2 February, when analysing the XAG/USD chart, we wrote:
“Even if silver attempts to turn higher under the current conditions of extreme oversold territory, it may encounter a strong resistance zone in the $87.5–95 range, where bears previously demonstrated clear dominance by breaking the long-term ascending channel.”
Indeed, the highlighted area not only halted the recovery impulse but also — after forming a head and shoulders reversal pattern — pushed silver down to a lower low.
Price action analysis allows for several important observations:
→ the V-shaped rebound below the psychological $70 level appears to reflect the liquidation of a cascade of buyers’ stop-loss orders, followed by a wave of buying that signals aggressive demand;
→ the bullish gap around $78 now appears to be acting as support.
In light of the above, it is reasonable to conclude that the XAG/USD market may continue developing a consolidation phase, fluctuating between two key zones:
→ resistance near $95;
→ support around $70.
For a long-term outlook on silver prices, see this article.
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Crypto World
Bitcoin Fails To Pass $69,000 In A US Nonfarm Payrolls Reaction
Bitcoin (BTC) saw flash volatility around Wednesday’s Wall Street open as US jobs data came in well above expectations.
Key points:
-
Bitcoin attempts to rescue the day’s losses on the back of stronger US nonfarm payrolls data.
-
Mixed signals result in risk assets diverging in their reactions to the numbers.
-
Bitcoin traders stay wary of a deeper BTC price dip to come.
Analysis: Fed interest-rate pause to “continue”
Data from TradingView tracked a BTC price spike to nearly $69,000 which quickly retraced, extending daily losses past 4% at the time of writing.

US nonfarm payrolls outperformed considerably on the day, with 130,000 jobs added in January versus the anticipated 55,000.

Strong labor-market numbers tend to imply less need to lower interest rates — typically a headwind for crypto and risk assets. At the same time, the reduced likelihood of recession creates a nuanced picture for risk-asset performance.
As such, the S&P 500 initially gained 0.5%, while the Nasdaq Composite Index fell 0.6% before both retraced their moves.
Precious metals also saw uncertain price action, with gold hitting new February highs before giving back gains to target $5,000 support.

Reacting, trading resource The Kobeissi Letter additionally referenced cooling unemployment in predicting that the Federal Reserve would hold rates steady at its March meeting.
“The unemployment rate FELL to 4.3%, below expectations of 4.4%. This was a much stronger than expected jobs report, all around the board,” it wrote in a post on X.
“The Fed pause will continue.”

The latest data from CME Group’s FedWatch Tool put the odds of a March rate pause at over 90%.
Attention now focused on Friday’s Consumer Price Index (CPI) print for further cues as to the path of inflation.
Trader eyes BTC price “slow bleed” toward $50,000
Commenting on recent BTC price action, traders remained unimpressed and skewed toward fresh downside.
Related: BTC traders wait for $50K bottom: Five things to know in Bitcoin this week
Daan Crypto Trades brought in Fibonacci retracement levels at $64,569, $62,474 and $59,805 while eyeing the potential for a deeper retracement.
“Pretty weak showing overall after the initial bounce. Bulls failed to push higher past that $72K+ mark and instead saw price break down again,” he summarized.
“Unless ~$68k is retaken, the fib retracement levels are the ones to watch in the short term.”

Earlier, Cointelegraph reported on $69,000 having key long-term significance, with the risk of an extended rangebound environment developing around that level now higher.
$50,000 BTC price bottom targets also persisted, with trader Jelle arguing that BTC/USD was copying 2022 bear market trajectory “closely.”
“Would see a relatively slow bleed towards the low $50ks from here – before bouncing back up; if it keeps playing out the same,” he told X followers.
“Lots of people talk about buying there. I wonder if they will if price gets there.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Crypto World
Quince Therapeutics (QNCX) Stock Erupts 300% as Buyout Rumors Emerge
TLDR
- Quince Therapeutics (QNCX) shares surged over 300% Tuesday after the company hired LifeSci Capital to review strategic options
- The biotech firm is exploring partnerships, mergers, acquisitions, and licensing deals to maximize shareholder value
- Trading volume hit 1.1 billion shares as investors speculated on a potential buyout at a premium price
- Quince develops bone-targeted drug platforms for rare disease treatments that deliver therapies directly to disease sites
- The company warned no deal is guaranteed and won’t provide updates unless a transaction is approved
Quince Therapeutics shares skyrocketed Tuesday after the rare disease biotech announced it hired LifeSci Capital as its exclusive financial advisor. The stock jumped over 300% as trading volume exploded past 1.1 billion shares.
Quince Therapeutics, Inc., QNCX
The company said it’s exploring strategic alternatives to maximize value for shareholders. Possible outcomes include partnerships, joint ventures, mergers, acquisitions, or licensing agreements.
LifeSci Capital will also help evaluate restructuring options for Quince’s liabilities. The announcement triggered a massive surge in the micro-cap stock.
Investors appear to be betting the strategic review will result in a sale of the company or its assets at a premium. This speculation drove the dramatic price movement Tuesday.
Quince focuses on developing therapies for rare diseases using its proprietary bone-targeting technology. The platform delivers treatments directly to bone fracture and disease sites.
The Technology Behind the Rally
The company’s bone-targeted drug platform can deliver small molecules, peptides, or large molecules precisely where needed. This approach promotes faster healing with reduced off-target safety risks compared to traditional therapeutics.
This specialized technology could make Quince an attractive target for larger pharmaceutical companies looking to expand their rare disease portfolios. The platform’s precision delivery system addresses a key challenge in drug development.
Quince cautioned that no transaction is guaranteed from the strategic review process. The company said it won’t provide additional updates unless its board approves a specific deal or determines disclosure is necessary.
Analyst Views and Upcoming Earnings
The stock currently holds a Buy rating from Wall Street analysts. However, recent rating changes have been mixed.
Citizens downgraded Quince to Market Perform on January 30. D. Boral Capital also cut its rating to Hold the same day.
Just one day before, D. Boral Capital maintained a Buy rating with a $5.00 price target. That target implies massive upside from current trading levels.
Quince is scheduled to report earnings on March 23. Analysts expect a loss of 21 cents per share, better than last year’s 28-cent loss.
The stock traded at $0.57 Tuesday afternoon, representing a 338% gain from the previous close. Shares had also jumped 27.2% in after-hours trading Monday when the news first broke.
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