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Crypto World

BTC rebounds to $79,000, but HOOD, COIN, MSTR remain sizably lower

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BTC rebounds to $79,000, but HOOD, COIN, MSTR remain sizably lower

Trading just below $79,000 in midday U.S trade Monday, bitcoin has bounced from its worst weekend level below $75,000.

At $78,700, BTC is higher by 2% over the past 24 hours and up 7% from its weakest price of the weekend, but still down more than 10% on a week-over-week basis. Ether is also up about 2% over the past day, but down 19% from week-ago levels.

Crypto’s weekend move “broke key short-term support and stood out for its speed and depth, even by typical weekend standards,” said Adrian Fritz, chief investment strategist at 21shares.

According to Fritz, the sell-off was triggered by another round of forced deleveraging, as over $2 billion in crypto derivatives were liquidated in a rapid burst. “Liquidations in perps accelerated the downside momentum, rather than discretionary spot selling,” he said.

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U.S. stocks traded higher on Monday, with the Nasdaq and S&P 500 each ahead 0.6% and the Dow Jones Industrial Average higher by 0.9%. While bitcoin in January closed out its fourth-consecutive month of losses, expert tradfi market analyst Ryan Detrick noted the DJIA was higher for a ninth-straight month in January. That ranks among the Dow’s longest ever winning streaks, said Detrick, who reminded that future returns for stocks tend to be strong after such runs.

Gold and silver are having a volatile day, but are currently down modestly after their worst one-day sell-off since 1980 on Friday.

The modest bounce in crypto is having little effect on digital asset-related stocks, which remain down sharply across the board. Among them, Roinbhood (HOOD) is down 9%, Circle (CRCL) down 5%, and Coinbase (COIN) and Strategy (MSTR) down 3%.

Key U.S. economic data as February begins

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The ISM manufacturing PMI, a key gauge of U.S. factory activity based on surveys of purchasing managers, came in hotter than expected at 52.6 in January, compared with a forecast of 48.5. This marks the first expansion in manufacturing activity in 12 months and the strongest reading since 2022.
January is typically a reorder month following the holiday period, which often results in elevated readings. This seasonal pattern was also evident in January 2025 and January 2024.

Looking ahead, investors will be awaiting this Friday’s January U.S. jobs report for clues about whether the Federal Reserve might cut rates again after pausing rate cuts at its January meeting last week.

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Crypto World

XRP slips to $1.31 after failed breakout as liquidity dries up

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XRP slips to $1.31 after failed breakout as liquidity dries up


Rejection at $1.35 and collapsing depth raise risk of sharper moves as positioning builds.

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Crypto World

Indonesian Authorities Used Crypto Data to Convict Criminals

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Indonesian Authorities Used Crypto Data to Convict Criminals

Onchain evidence was key to securing the conviction of three individuals for terrorism financing in Indonesia in 2024 and 2025, reflecting a clear shift in the way courts value onchain evidence.

“Indonesian courts have demonstrated that cryptocurrency evidence — wallet addresses, transaction histories, on-chain flows — is not only admissible but can anchor a terrorism financing prosecution,” TRM said in a statement Sunday.

TRM said terrorism financing networks have preferred cryptocurrency as a mechanism of choice to move money, as authorities and regulators have been slow to treat it with the same level of scrutiny as traditional fiat channels, but noted that this is now changing. 

Indonesian authorities traced one defendant sending more than $49,000 worth of USDt (USDT) across 15 transactions from a local exchange to a foreign platform, with the funds later routed to an ISIS-linked terrorism fundraising campaign in Syria, according to the blockchain firm. 

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Indonesia’s financial intelligence team and its counterterrorism police unit, Densus 88, carried out the analysis and presented the findings to Indonesian courts, which accepted the blockchain data as key evidence in each of the three cases.

Source: TRM Labs

Indonesia is not the only country in Southeast Asia using blockchain analytics to catch criminals, TRM said.

“Similar patterns are emerging across Southeast Asia, where governments are investing in blockchain intelligence capabilities and enhancing collaboration between public and private sectors to address illicit finance risks.”

TRM Labs said that Singapore and Malaysia’s financial intelligence units and law enforcement agencies are also building the technical capacity to trace cryptocurrency flows.

Related: Drift Protocol says $280M exploit took ‘months of deliberate preparation’ 

On April 1, Cambodian and Chinese officials captured Li Xiong, a leader of the Huione Group, an organization that served scam centers in Cambodia that carried out “pig butchering” frauds and other investment schemes to steal crypto from victims around the world. 

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Xiong was extradited to China, where he is set to face fraud and money-laundering charges. 

His extradition came three months after the arrest of Chen Zhi, the head of Prince Group, which operates Huione Group.

TRM reported in February that illicit entities received about $141 billion worth of stablecoins in 2025, marking a five-year high.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?

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