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Miner Offloads $305M Bitcoin as Network Difficulty Sees Sharp Decline

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Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance


Bitcoin mining stress deepened as difficulty fell 14% and Puell dipped below 0.8, even as Cango sold $305M in BTC.

Bitcoin mining conditions tightened sharply in late January and early February after network difficulty fell 14% over three weeks and publicly traded miner Cango disclosed a $305 million BTC sale over the weekend.

The combination of falling profitability metrics and selective balance sheet sales shows pressure spreading across the mining sector, even as broader on-chain data shows no signs of disorderly selling.

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Difficulty Drops as Miners Cut Capacity

According to a February 10 brief published by on-chain analyst Axel Adler Jr., Bitcoin’s network difficulty dropped by a combined 14.1% between January 22 and February 6, following two consecutive downward adjustments of 3.3% and 11.2%. Such back-to-back cuts usually occur when less efficient mining equipment is taken offline, often during periods of weak price action.

During the same window, the price of BTC fell about 25%, briefly touching $60,000 before rebounding toward $70,000. At the time of writing, the flagship cryptocurrency was trading at around $69,000, down nearly 1% in the last 24 hours and more than 12% over the past week, based on CoinGecko data.

The asset has also lost 24% of its value over the past month and about 29% year over year, underperforming earlier-cycle expectations and keeping mining margins tight.

Against this backdrop, Cango confirmed it sold 4,451 BTC for approximately $305 million, citing balance sheet strengthening. The sale, approved by the company’s board, drew an immediate reaction from equity investors, with Cango shares closing 8% lower on the first trading day after the disclosure.

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Adler described the transaction as a point event rather than evidence of widespread forced liquidation, noting that aggregate miner flows to exchanges are still holding steady.

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Data from miner exchange inflows supports that view, with the 30-day moving average of daily miner transfers hovering near 82 BTC, only slightly lower than mid-January levels and well within recent norms, according to the market watcher. Furthermore, he reported that there have been no sustained spikes that would suggest broad reserve dumping.

Profitability Pressure and What Comes Next

Profitability metrics still point to strain. For instance, Adler pointed out in his brief that the Puell Multiple, which compares daily miner revenue to its annual average, slipped to a 30-day average of 0.77 in early February, down from 0.86 in mid-January. He added that spot readings briefly fell to around 0.61, levels historically associated with miner stress and capacity exits.

The analyst noted that miners earning below their annual average tend to prioritize liquidity, increasing the chance of selective reserve sales rather than aggressive expansion. According to him, completion of this stress phase typically requires a reversal in difficulty adjustments and a recovery in the Puell Multiple toward the 0.85 to 0.90 range.

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For now, the data suggests the adjustment is playing out mainly through hashrate reductions instead of heavy selling. The risk, in Adler’s opinion, is a renewed price drop below $60,000, which could push profitability metrics lower and prompt similar sales from other public miners.

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Bitcoin’s (BTC) parabolic era may be over as old peaks are tested

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BTC's price swings in candlestick format. (TradingView)

Since its inception, bitcoin has been like a daredevil climber scaling new heights, rarely looking back at the ledges it left behind. Its price seldom retraced to previous bull-market peaks, even during long, grueling bear markets.

But that pattern seems to have changed, suggesting that the market has matured, and the era of runaway, parabolic gains is behind us.

BTC trades near old peak

Bitcoin has been hovering around $70,000 since early February – well below the $126,000 peak of the 2023-2025 bull run.

That $70,000 mark is important because it was the record high in the 2019–2022 market cycle. In other words, this bear market has retraced all the way back to a previous summit.

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This is unusual. In earlier bear markets, such as those in 2014 and 2018, bitcoin never returned to prior cycle highs. The exception was 2022, when prices dipped under the 2017 high of $20,000. At the time, analysts dismissed it as an anomaly, blaming crypto scams and massive deleveraging.

What makes the current retrace remarkable is that it’s happening without any extreme catalysts. The market has simply returned to a prior peak as part of the natural ebb of a bear cycle.

BTC's price swings in candlestick format. (TradingView)

Slowing growth and the law of diminishing returns

Each new bull run isn’t generating the parabolic gains of the past. Pushing prices far beyond previous peaks is getting harder, which makes retraces to old highs more natural. In other words, previous peaks are no longer untouchable.

This is a clear example of the law of diminishing returns. As bitcoin becomes more expensive, moving prices higher requires ever-larger sums of capital. The days when modest inflows could trigger massive rallies are largely behind us, making price movements more measured and predictable.

Looking at historical growth highlights this trend:

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  • The 2013 peak was 38 times higher than 2011.
  • The 2017 peak was 16 times higher than 2013.
  • By 2021, the increase slowed to just 3 times the 2017 level.
  • The 2025 peak of over $126K was less than twice the 2021 peak.

While prices are still rising, the pace of growth is steadily slowing.

Institutionalization and broader market participation

Part of this slowdown comes from the institutionalization of Bitcoin and the growth of the derivatives market. Traders now have structured ways to bet on volatility, timing, and market direction, not just price increases. This broader participation has tempered extreme swings.

This is very different from the pre-2020 era, when trading was largely limited to buying and selling on the spot market. Back then, only bullish believers of bitcoin actively participated, often jumping in at the first sign of a dip.

Behavioral patterns and what’s next

Old peaks often act as strong support levels due to a behavioral concept called anchoring bias, where traders fixate on previous highs as reference points.

Many who missed the initial breakout tend to buy when prices return to these familiar levels, fueling the next leg of a bull run. This behavioral tendency, combined with the self-reinforcing nature of support and resistance, helps explain why the recent downtrend has stalled around $70,000.

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A strong bounce from this level could signal that the bear market has run its course, similar to late 2022, when the downtrend ended around $20,000.

However, if the law of diminishing returns is any guide, the next uptrend may be more measured and “tradfi-like,” rather than the frenzied rallies of the old speculative days.

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Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams?

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Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.

Shiba Inu is trading at $0.00000597, up 0.93% in the last 24 hours, a modest price bounce that masks a bruising -4.4% seven-day slide, and the prediction is not looking good. The dog coin that minted actual millionaires in 2021 is now fighting to hold a six-zero price handle.

The 24-hour rebound followed a technical defense of the $0.0000056 support zone after six consecutive red sessions. Trading activity surged 70%, accompanied by a positive buy-sell delta of 27.4 billion SHIB.

On-chain data confirmed net exchange outflows of 112–125 billion SHIB, stripping near-term selling pressure from the order book. That confluence, volume spike, positive delta, and exchange drain are historically the setup SHIB needs before a short-term leg higher.

But can SHIB print more millionaires at this level? Are memecoins’ communities no longer able to catapult a coin?

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Shiba Inu Price Prediction: Reclaim $0.000007 Before April Ends, or Dream Shattered?

Shiba Inu is consolidating just below the $0.000006 price resistance level, a line that has flipped from support to resistance over multiple sessions, dragging down bullish sentiment.

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Key levels to track: support clusters at $0.0000056–$0.0000059, with resistance stacked at $0.0000060–$0.0000065 and a more meaningful ceiling near the historical $0.000018–$0.000020 range.

Three scenarios are currently in play:

Shiba Inu is consolidating below $0.000006 price level, a line that has flipped from support to resistance, dragging any bullish prediction.
SHIB USD, Tradingview
  • Bull case: SHIB flips $0.000006 with sustained volume, targets $0.0000065–$0.000007 within days. Exchange outflows accelerating would confirm this path.
  • Base case: Price consolidates between $0.0000057–$0.0000062, grinding sideways as macro uncertainty limits conviction.
  • Bear case: Failure to hold $0.0000056 opens a drop toward $0.0000050, invalidating the current rebound thesis entirely.

The 589 trillion SHIB still in circulation remains the structural ceiling on any millionaire-making moon run. People have noted SHIB’s sensitivity to external catalysts. The October 2024 Elon Musk effect pushed volume to $145 million in 48 hours, but that event is, by definition, unpredictable.

SHIB could deliver decent returns. Delivering millionaire returns from this market cap? That math gets harder every cycle.

Discover: The best crypto to diversify your portfolio with

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Maxi Doge Targets Early Mover Upside as Shiba Inu Tests Key Levels

Here’s the uncomfortable reality SHIB holders face: at today’s price, the multiplier required to turn a $1,000 stake into a million dollars simply doesn’t exist at current valuations without a market cap that would rival entire national economies. It’s arithmetic.

Traders chasing the next generational meme coin trade are increasingly looking at earlier-stage projects where the supply-to-price math still works in their favor.

Maxi Doge ($MAXI) is one presale capturing that rotation. The project has raised more than $4.7 million at a current price of just $0.0002811. The concept leans hard into gym-bro meme culture with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury dedicated to liquidity and partnerships.

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Recent capital flows into the presale have drawn comparisons to early-stage SHIB momentum. Staking is live with a 66% APY bonus. For traders weighing SHIB’s structural ceiling against earlier-stage upside, researching Maxi Doge is worth the ten minutes.

This article is not financial advice. Crypto investments are highly volatile and speculative. Always conduct your own research before investing.

The post Shiba Inu Price Prediction: Time to Say Goodbye To Millionaire Dreams? appeared first on Cryptonews.

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Gold Price Prediction: Worst Month in 17 Years fo Save Haven Rock

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Gold price climbed 2.2%, but the bounce barely registers against a 12% monthly collapse, which resulted in a more grim-looking prediction.

Gold is hemorrhaging value. Spot gold price climbed 2.2% to $4,687/oz, but that bounce barely registers against a 12% monthly collapse that has the metal on track for its worst monthly performance since October 2008, which resulted in a more grim-looking prediction.

The safe-haven narrative is cracking.

The catalyst yesterday was a Wall Street Journal report that President Donald Trump signaled willingness to end the U.S. military campaign against Iran, even if the Strait of Hormuz remains partially closed.

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“Gold prices are bouncing in early Asia-Pacific trade after U.S. President Donald Trump told aides he is willing to end the U.S. military campaign against Iran… That triggered a risk-on response from financial markets,” said Ilya Spivak, head of global macro at Tastylive.

U.S. gold futures for April delivery gained 1.2% to $4,611.30 in tandem. The dollar eased, providing additional tailwind to greenback-denominated bullion.

Despite the daily reprieve, the macro structure driving gold’s rout remains intact, and Fed policy signals from Powell continue pointing toward a higher-for-longer rate environment that structurally penalizes non-yielding assets.

Discover: The best crypto to diversify your portfolio with

Gold Price Prediction: Can XAU Reclaim $5,000 Before the Fed Blinks?

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Today’s relief rally puts spot gold close to $4,700, up 1.5% intraday. This figure looks strong in isolation against March’s 13% drawdown from prior highs above $5,000.

Spivak flagged a critical technical signal: “Gold has been stabilizing for about a week now, with a rally last Friday a particular standout. That came alongside a drop in Treasury yields that seems to suggest the markets are starting to see the Iran war as a recession risk.”

Falling yields reduce the opportunity cost of holding gold, that’s the bull mechanism. Quarterly gains still hold at approximately 5%, confirming the longer-term trend hasn’t broken.

Gold price climbed 2.2%, but the bounce barely registers against a 12% monthly collapse, which resulted in a more grim-looking prediction.
XAU USD, Tradingview

For the gold price, if de-escalation holds, Treasury yields slide further, Fed language softens on inflation, gold can re-targets $4,800–$5,000 resistance recovery. Goldman Sachs maintains a $5,400/oz end-2026 target anchored by central bank accumulation and eventual easing.

However, if energy prices re-accelerate, the Fed signals no cuts through year-end, and Hormuz disruption deepens, a break below $4,300 opens the door to the low $4,000s.

Discover: The best pre-launch token sales

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LiquidChain Targets Early Mover Upside as Gold Tests Key Resistance

Gold’s struggle to reclaim $5,000 raises an uncomfortable question for capital allocators: if the canonical safe haven is down 13% in a month, where does risk-adjusted opportunity actually live?

For us, watching macro dysfunction erode established stores of value, early-stage infrastructure plays with asymmetric upside are drawing renewed attention, particularly those solving real structural problems across fragmented liquidity markets.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer — fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The architecture centers on four components: Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture, letting developers deploy once and access all three ecosystems simultaneously.

The presale is currently priced at $0.01445, with more than $630K raised to date, with more than 1700% APY in staking bonus.

For those looking for a gold alternative, research LiquidChain’s presale structure here.

This article is not financial advice. Conduct your own research before investing.

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The post Gold Price Prediction: Worst Month in 17 Years fo Save Haven Rock appeared first on Cryptonews.

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Pro-Crypto PAC to be Headed by Tether Executive ahead of US Midterms

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Pro-Crypto PAC to be Headed by Tether Executive ahead of US Midterms

Jesse Spiro, the head of government affairs at stablecoin issuer Tether, will be chairing the organization of a crypto-backed Super political action committee (PAC) to “actively support candidates” in the 2026 US midterm elections and beyond.

In a Wednesday announcement, the Fellowship PAC, a committee that launched in August 2025 and later claimed to have raised “over $100 million” from undisclosed backers aligned with the crypto industry, said that Spiro would become chair ahead of its first political endorsements for the 2026 elections.

The PAC said that it would support candidates in favor of innovation, regulatory clarity for digital assets, and open markets.

”We have an opportunity to ensure the United States remains the global hub for builders, entrepreneurs, and technological progress,” said Spiro. “Fellowship PAC is committed to supporting leaders who understand what’s at stake and are willing to act.”

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Source: Fellowship PAC

The addition of a crypto-aligned Super PAC with potentially hundreds of millions of dollars could be used to influence US elections. The Fairshake PAC, backed by Ripple Labs and Coinbase, spent more than $130 million on media buys in the 2024 elections, and reported having $193 million ahead of the 2026 midterms.

Related: Crypto awareness tops 80% among young people in UK: Coinbase survey

Fellowship filed a statement of organization with the US Federal Election Commission (FEC) on Aug. 7 and had reported no contributions or expenditures as of Dec. 31. Although the PAC has claimed to have more than $100 million in its war chest, it was unclear at the time of publication who may be responsible for funding the committee.

Cointelegraph did not receive an immediate response to requests for comment by the PAC.

Money from the crypto industry may already have been a factor in US state primaries, which kicked off in March. Although some of the industry-aligned candidates did not win their races in Illinois, there are more than seven months before the 2026 general election, giving PACs like Fairshake, Fellowship, and others the opportunity to sway voters.

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A debate on stablecoin yield is still shadowing a congressional crypto bill

Tether, the issuer behind the largest stablecoin by market capitalization, USDt (USDT), is likely to be affected by legislation being considered by US lawmakers in the Senate.

The House of Representatives passed a digital asset market structure bill in July 2025 called the CLARITY Act, which has effectively been stalled in the Senate amid debate over stablecoin rewards, tokenized equities, ethics and other issues.

As of Wednesday, the Senate Banking Committee had not rescheduled a markup on the bill which it postponed in January. It’s unclear if or when the bill could head to the full chamber for a vote.

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Magazine: A newbie’s guide to surviving crypto winter