Crypto News Today, February 6: Supercycle They Say! Sentiment Hit Rock Bottom, BTC USD Touched $60K, ETH Under $2K
Supercycle narrative, once treated like gospel, took a serious hit as BTC USD slid all the way to $60,000 and ETH USD cracked below $2,000. Is this just another brutal shakeout or the moment the supercycle myth finally broke? Either way, BTC USD
Lummis Wants Banks to Embrace Stablecoins, CLARITY Act Stalls
Billionaires managing multi-trillion-dollar portfolios are bullish on a future that is tokenized. They expect real estate, bonds, currencies, and pretty much everything of value to float on public ledgers like Ethereum and Solana in the coming months. Tokenization of fiat, like the USD
Over $1T Wiped From The Market But Bitwise Says Crypto Winter Is Near Its End
Bitwise CIO Matt Hougan recently described the crypto market as locked in a full-blown winter since January 2025. A brutal, 2022-style downturn driven by excess leverage, widespread profit-taking by early holders, and sustained price pressure across the board. He likens it to “Leonardo
MARA Digital Moves $87M in Bitcoin BTC as Miner Treasuries Shift
Balls of steel; that’s what those who HODLed Bitcoin yesterday needed when prices plunged by more than $10,000. As the digital gold acts more like a volatile Solana meme coin, institutions are recalibrating. True, some like MicroStrategy, or Strategy now, might be smiling,
Kalshi Tightens Surveillance as Super Bowl Bets Hit $170M
Kalshi just tightened its trading surveillance days before the Super Bowl, adding an independent oversight committee and new data partners. Nearly $170 million has already flowed into Kalshi Super Bowl bets, putting unusual attention on how fair those markets really are. Prediction markets
Senator Warner Calls It ‘Crypto Hell’ as Senate Revives Stalled Bill
Sen. Mark Warner says he feels stuck in “crypto hell” as the Senate tries to restart talks on a long-delayed crypto market structure bill. Bitcoin and Ethereum barely moved after the comments, which tells us traders already expect Washington gridlock. That matters because
Gemini Cuts 25% Staff as It Pulls Out of Europe and Australia
In crypto, it’s not just prices getting cooked. Everyone is feeling the heat. Crypto exchange Gemini announced it will exit the UK, European Union, and Australia while cutting about 25% of its workforce. The move comes as crypto trading volumes remain uneven and
US Treasury Tells Crypto Companies to Follow Rules or Leave
Washington just turned up the pressure on crypto, and the message came bluntly when US Treasury Secretary Scott Bessent told companies unwilling to follow new rules they could “move to El Salvador.” Treasury Secretary Scott Bessent says the US has to get Bitcoin
Solana’s Lily Liu: Crypto Should Focus on Finance, Not Social Apps
Solana’s leadership just caused a bigger conversation about where crypto is heading, after Solana Foundation president Lily Liu said blockchains should stop trying to copy gaming platforms or social networks and focus again on finance. Her comments arrived as bitcoin slipped below $70,000
Strategy Stock Slides as Bitcoin Drops and MSTR Doubles Down
Strategy stock dropped sharply after Bitcoin slid over the weekend, dragging its crypto-heavy balance sheet lower and reminding investors how tightly the company moves with the price of BITCOIN USD. As Bitcoin dipped, MSTR fell even faster, reinforcing its reputation as a high-volatility
