Cryptonews

Our astute analyst, Axel Adler Jr., reports with a flourish that Bitcoin’s Net Realized Profit/Loss has plunged into the abyss of negativity, reaching a disheartening -$1.99 billion on February 7th, before showing a hint of improvement to a mere -$1.73 billion by the 10th. Truly a remarkable feat, placing our beleaguered Bitcoin among the most grievously loss-laden periods ever recorded. One might even say it rivals a tragic opera, where the only thing left to lose is one’s sanity.

“Gazing upon the long-term Bitcoin chart,” Schiff muses in a digital reverie on X, “it appears there might be an initial cushion at $10K.” Ah, but who needs cushions when one can tumble gracefully?

With many AI tokens ending the week in the green, one wonders if we have reached a tipping point in a narrative that already breathes with the promise of fortune and the aroma of risk.

Now, don’t go thinking Silbert’s turned bearish on Bitcoin, what? Far from it. He’s still jolly well bullish on the old boy, considering it a cornerstone of any self-respecting portfolio. But, dash it all, he’s not blind to its limitations. Bitcoin, he says, is a bit of a whopper, and that size rather cramps its style when it comes to explosive returns. Unless, of course, the U.S. dollar goes the way of the dodo, in which case, I suppose, we’ll all be bartering with bread and butter.

The announcement came, as such notices do, from Coinbase’s Developer Platform blog this week.

Artemis’ Zheng Jie Lim recently described Solana as the “internet capital markets,” a phrase that suggests scale, activity, and resilience across the main metrics-like a clever chap who never seems to tire of the market’s little ruses.

Yes, you heard it right! BlackRock, that old stalwart of traditional finance, has waltzed into the world of DeFi like a cat in a room full of rocking chairs. With a whopping market cap of $180 billion-that’s billion with a ‘B’-they’ve taken their first leap into this uncharted territory, all while clutching their beloved Treasuries.

David, with a twinkle in his eye and a smirk on his face, argued that the world’s largest cryptocurrency was as stale as last week’s bread, no longer relying on any sort of technological innovation to keep its sails full. And just to sprinkle some extra drama, he revealed that he had sold nearly all of his Bitcoin for a measly $7,500. What a bargain!

Reece Merrick, Ripple’s Middle East and Africa heartthrob, took to X (formerly known as Twitter, because why not?) on Feb. 10 to gush about their deepening relationship with Zand. Apparently, they’re not just holding hands anymore-they’re exploring stablecoins, liquidity, and blockchain issuance like it’s a second honeymoon. How quaint.

Bitcoin staged a dramatic exit from its high ground after surrendering key supports, dashing into the mid-$60,000s. Stabilisation attempts? A tepid encore. It currently trades far below the glittering moving averages. The air is thick with selling pressure and liquidation cascades, leaving traders jittery about a swift recovery.