This week in the crypto world was nothing short of eventful. From&nbsp;Peter Schiff&#8217;s critique of&nbsp;Donald Trump&#8216;s crypto stance to the dramatic fluctuations in Bitcoin and Ethereum prices, the market was a rollercoaster ride.



Here&#8217;s a quick recap of the top stories that made headlines.



<h2 class="wp-block-heading">Trump&#8217;s Crypto Competition With China Futile: Schiff</h2>



Economist Peter Schiff expressed skepticism over President Donald Trump&#8217;s ambition to make the U.S. the &#8220;world capital&#8221; of Bitcoin. Schiff argued that China&#8217;s leadership is indifferent to the leading cryptocurrency, dismissing Trump&#8217;s repeated claims that the U.S. needs to lead in cryptocurrency and blockchain technology to prevent China from gaining an upper hand.



<a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50401974/trumps-crypto-competition-with-china-futile-says-peter-schiff-chinese-leadership-is-too-smart-to-care-about-bitcoin">Read the full article here.</a>



<h2 class="wp-block-heading">Bitcoin Slides To $65,000 As Liquidations Hit $2 Billion</h2>



Bitcoin experienced a significant drop, sliding roughly 8% in a day to $65,000. This downturn pushed the crypto sentiment index to Extreme Fear (5), with liquidations standing at $2.60 billion over the past 24 hours. Bitcoin ETFs reported $434.2 million in net outflows on Thursday, while Ethereum ETFs saw $80.8 million in net outflows.



<a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50441753/bitcoin-slides-65000-liquidations-hit-2b-ethereum-dogecoin-xrp">Read the full article here.</a>



<h2 class="wp-block-heading">Ethereum Drops Below $2,000</h2>



Ethereum took a hard hit over the past week, dropping around 30% and breaking below the $2,000 mark. Technical and on-chain signals deteriorated, with CryptoQuant data showing Ethereum&#8217;s transfer count (14-day SMA) surged to 1.17 million on Jan. 29, a level historically linked to major market turning points.



<a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50426359/ethereum-loses-2000-craters-30-in-7-day-crypto-market-meltdown">Read the full article here.</a>



<h2 class="wp-block-heading">Eric Trump Jibed For Old Ethereum Advocacy</h2>



Popular podcaster Ashley DCan reignited her social media feud with Eric Trump amid Ethereum's ongoing decline. The dispute dates back to June 2025, when Ashley mocked Trump's advice to buy ETH at $2,900. Since then, the second-largest cryptocurrency had plummeted to $1,472, leading Ashley to accuse Trump of treating retail traders as "exit liquidity."



<a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50402613/eric-trump-jibed-for-old-ethereum-advocacy-as-second-largest-crypto-sinks-below-2100">Read the full article here.</a>



<h2 class="wp-block-heading">Bitcoin Cash Surges As Bitcoin Reclaims $70,000</h2>



Bitcoin Cash experienced a rally as Bitcoin bounced back from late-Thursday weakness, reigniting risk appetite across crypto markets. Bitcoin surged about 12% on the day, reclaiming the $70,000 level and setting a decisively risk-on tone that&#8217;s lifting high-beta names like BCH alongside the broader rebound.



<a href="https://www.benzinga.com/trading-ideas/movers/26/02/50465064/bitcoin-cash-surges-as-bitcoin-reclaims-70000">Read the full article here.</a>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Image via Shutterstock

Weekend Crypto Round-Up: Trump's Crypto Stance, Bitcoin's Rollercoaster Ride And Ethereum's Fall

On Saturday, a substantial transfer of Dogecoin <a href="https://www.benzinga.com/quote/DOGE-USD" target="_blank" class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a> was reported as 203,556,622 DOGE, valued at $20,059,987, moved from an unknown wallet to Robinhood. This significant transaction coincided with a 6% rebound in Dogecoin&#8217;s price, marking a reversal from a recent downward trend.



Whale Alert reported that this isn&#8217;t the first time such a large transfer has occurred. On February 4, a similar move saw 277,731,894 DOGE, worth $29,491,644, transferred to Robinhood. These transactions have caught attention amid a volatile cryptocurrency market.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; 203,556,622 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (20,059,987 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw">#Robinhood</a><a href="https://t.co/o18i9psMhR">https://t.co/o18i9psMhR</a>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/2019882689562619906?ref_src=twsrc%5Etfw">February 6, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Massive Dogecoin Transfer Signals Market Shift</h2>



Cryptocurrencies have been struggling since a severe sell-off in October, which undermined market confidence. This week&#8217;s market saw increased selling due to the unwinding of leveraged bets and broader volatility.



Dogecoin&#8217;s price fell for three consecutive days, hitting a low of $0.0799 on February 6 before rebounding to $0.10. The drop was attributed to risk-off positioning and heavy derivatives speculation.



<h2 class="wp-block-heading">What Does This Price Rebound Mean?</h2>



The market depth for Dogecoin has also been affected, with a decline from about $12 million on January 1, 2026, to $10 million in early February. This decline in liquidity can exacerbate price movements during volatile periods.



Traders are eyeing $0.07 as a critical support level for Dogecoin, with a potential downside risk toward $0.05 if it breaks lower. Conversely, a rebound above $0.106-$0.110 might be necessary to sustain a recovery.



<h2 class="wp-block-heading">How Liquidity Issues Shape Dogecoin&#8217;s Future</h2>



Declining liquidity is a typical sign of market instability, which can amplify price movements. The market&#8217;s current state suggests that investors are rotating out of riskier assets, leading to significant declines for major cryptocurrencies.



Dogecoin&#8217;s recent price movements and large transfers to platforms like Robinhood indicate ongoing market shifts. Traders and investors will be watching closely to see if Dogecoin can maintain its recent rebound or if further volatility is ahead.

203,556,622 DOGE Slam Into Robinhood as Dogecoin Price Explodes 6%

Pop sensation Justin Bieber faced a significant financial loss as the value of his Bored Ape Yacht Club NFT drastically declined. Bieber&#8217;s purchase of Bored Ape #3001 for 500 ETH, or approximately $1.3 million in January 2022, has now plummeted to an estimated $12,000, marking a <a href="https://www.benzinga.com/markets/cryptocurrency/22/03/26210886/someone-borrowed-bored-ape-nfts-to-claim-ape-tokens-airdrop-worth-1-1m">stark 99% decrease in value.</a>



The NFT, which was criticized at the time for its lack of rare features, was bought at a significant premium. &#8220;Who is advising Justin Bieber's NFT purchases and how can I get in touch to sell them floors NFTs for 500 ETH,&#8221; Farokh Sarmad, president of Dastan, commented following the purchase.



<h2 class="wp-block-heading">Justin Bieber&#8217;s NFT Loss: A Cautionary Tale</h2>



The Bored Ape Yacht Club, once a symbol of NFT success, has seen its floor prices drop significantly. Bieber&#8217;s purchase, although notable, was not the only extravagant buy during the NFT boom, with artist Beeple selling a digital art NFT for $69.3 million a year earlier, reports <a href="https://decrypt.co/357276/justin-bieber-paid-1-3-million-bored-ape-nft-now-worth-12k">the </a>Decrypt. 



Despite the initial hype, the NFT market has cooled, affecting not only Bored Apes but also other collections like CryptoPunks and Pudgy Penguins. These projects, which once traded at high values, now have much lower starting prices.



<h2 class="wp-block-heading">What Drives The Wild Fluctuations In NFTs?</h2>



The fluctuating values in the NFT market are driven by factors such as market sentiment and the rarity of attributes. The decline in value has been part of a broader &#8220;NFT winter&#8221; that shows no signs of thawing, according to Decrypt.



Prediction markets like Myriad, operated by Dastan, reflect a pessimistic outlook, giving low odds for a significant price rebound for NFTs in the near future.



<h2 class="wp-block-heading">Yuga Labs&#8217; Bold Moves Amid Market Turmoil</h2>



Amidst the downturn, Yuga Labs, the company behind the Bored Ape Yacht Club, continues to innovate. In October, they announced plans to establish a real-life Bored Ape clubhouse in Miami, Florida, aiming to create a community space for NFT holders.



Yuga Labs is also focusing on Otherside, a multiplayer metaverse game that incorporates avatars from various NFT projects, showcasing their commitment to expanding the utility and engagement of their digital assets.

Justin Bieber Once Paid $1.3M for a Bored Ape NFT, Now It's Worth Just $12K

On Saturday, South Korean cryptocurrency exchange Bithumb faced a significant blunder, accidentally distributing over $40 billion worth of Bitcoins <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> to customers during a promotional event. The exchange initially intended to give small cash rewards of 2,000 Korean won ($1.40) or more to each user, but instead, winners received at least 2,000 Bitcoins each, leading<a href="https://www.benzinga.com/crypto/cryptocurrency/26/01/50286755/investors-pull-nearly-818-million-from-bitcoin-etfs-as-cryptocurrency-tanks"> to a massive selloff.</a>



Reuters reports that Bithumb has since recovered 99.7% of the 620,000 Bitcoins mistakenly distributed, worth about $44 billion. The exchange restricted trading and withdrawals for the 695 affected customers within 35 minutes of the error on Friday. 



&#8220;We would like to make it clear that this incident is unrelated to external hacking or security breaches, and there are no problems with system security or customer asset management,&#8221; Bithumb stated.



<h2 class="wp-block-heading">Bithumb&#8217;s $44 Billion Blunder Shakes Market Confidence</h2>



The incident has caught the attention of South Korea&#8217;s financial regulators, including the Financial Services Commission, who highlighted the vulnerabilities and risks associated with virtual assets. They have announced plans to inspect Bithumb and other crypto exchanges if any irregularities are found during their reviews of internal controls and virtual asset management.



Bitcoin prices on Bithumb briefly dropped 17% to 81.1 million won on Friday evening but later recovered, trading at 104.5 million won. The event underscores the potential for operational mishaps within the rapidly evolving cryptocurrency space.



<h2 class="wp-block-heading">Could This Incident Spark Regulatory Overhaul?</h2>



As per the report, the regulators&#8217; response could lead to stricter oversight and regulations for cryptocurrency exchanges in South Korea. This incident may serve as a catalyst for regulatory reforms aimed at enhancing the security and reliability of digital asset platforms.



Bithumb, which trails behind Upbit in the South Korean crypto market, will likely face increased scrutiny and pressure to bolster its internal controls and prevent future errors of this magnitude.



<h2 class="wp-block-heading">Lessons Learned: Strengthening Crypto Exchange Controls</h2>



This event highlights the importance of robust internal control systems and the need for exchanges to ensure the accuracy of their promotional activities. Strengthening these systems could prevent similar incidents and help maintain investor confidence in the cryptocurrency market.



The incident serves as a wake-up call for the industry, emphasizing the critical role of regulatory oversight and the need for exchanges to implement stringent operational safeguards.

Crypto Firm Accidentally Sends $44 Billion in Bitcoin to Users

What if your $24 bet exploded into $850,000 in only four years? Well, that&#8217;s exactly what early Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> adopter Kristoffer Koch pulled off.



<h2 class="wp-block-heading">A $24 Bet That Changed Everything</h2>



The year is 2009. Koch, a Norwegian student, was writing his master&#8217;s thesis on encryption when he stumbled upon Bitcoin, an unknown online currency at the time.



Kosh said he tossed $24, about 150 Norwegian kroner, on it for &#8220;fun,&#8221; <a href="https://www.nrk.no/okonomi/kjopte-bolig-for-internettpenger-1.11314773">according </a>to NRK News, a Norwegian news organization. But then his master&#8217;s degree and job hunt kept him too busy, and he forgot about the investment.



<h2 class="wp-block-heading">The Jackpot Discovery</h2>



Years later, in April 2013, the &#8220;unknown&#8221; currency started getting a lot of media attention, and that&#8217;s when Kosh remembered he had a stake in it.



But there was a problem. He had forgotten his private key to the encrypted wallet. After jogging his memory for the next 24 hours, he nailed the right combination.



He had 5,000 BTC, worth 5 million Norwegian kroner. At the time, 1 kroner equaled about 17 cents, making the stash worth roughly $850,000.



<h2 class="wp-block-heading">What If Kosh Hadn&#8217;t Sold His BTC?</h2>



Kosh said he sold some of his holdings and used the proceeds to buy an apartment in a posh neighbourhood in Oslo, Norway&#8217;s capital city.



If you thought that was a stuff of dreams, imagine Kosh resisting the urge to sell and HODLing straight through to now. That 5,000 BTC would be worth $353.54 million.



Price Action: At the time of writing, BTC was exchanging hands at $70,709.53, down 7.76% in the last 24 hours, according to <a href="https://www.benzinga.com/quote/BTC-USD">data from Benzinga Pro</a>.



Photo: Memory Stockphoto / Shutterstock

Student's Forgotten 'Fun' Bitcoin Bet From 2009 Delivered A Windfall And A Home In A Posh Neighborhood

Last week, Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> experienced a significant drop, plummeting to a low of $60,000, marking a 19% decline. The downturn is attributed to multiple factors, including massive deleveraging and miners being forced to sell, rather than a single <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50447925/bitcoin-could-bounce-from-50-crash-heres-what-record-layoffs-just-changed">catastrophic event.</a>



According to reports, futures open interest has dropped from $61 billion to $49 billion within a week, indicating a more than 20% decline in borrowed bets against Bitcoin. This drop in leverage parallels the decline in Bitcoin&#8217;s price, suggesting a simultaneous fall rather than a chaotic forced selling scenario.



<h2 class="wp-block-heading">What The Latest Bitcoin Drop Reveals</h2>



According to Matthew Sigel, head of digital asset research at VanEck, the selloff isn&#8217;t driven by a single trigger but by a combination of factors including collapsing leverage, AI hype unraveling, and quantum computing risks. 



&#8220;The list reveals a market under siege from multiple directions,&#8221; Sigel stated in a post on X.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin Market Update: Deleveraging, Narrative Shock, and an Oversold Setup Bitcoin has experienced a sharp drawdown over the past week, with prices falling roughly 19 percent and currently trading in the mid-$60,000s. The move has been driven by a rapid unwind of leverage from…&mdash; matthew sigel, recovering CFA (@matthew_sigel) <a href="https://twitter.com/matthew_sigel/status/2019474276467011875?ref_src=twsrc%5Etfw">February 5, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Sigel highlighted the skepticism surrounding AI investments, which has particularly impacted Bitcoin miners who had pivoted to AI and high-performance computing. With financing drying up and Bitcoin prices falling, miners have been forced to sell Bitcoin to maintain their operations.



<h2 class="wp-block-heading">Are Quantum Computing Fears Justified?</h2>



Quantum computing concerns have also contributed to the market&#8217;s unease. Sigel pointed out that &#8220;investor interest in the topic has increased,&#8221; even as some developers downplay the immediacy of these risks. Quantum computers could potentially break Bitcoin&#8217;s encryption, putting 20% to 50% of circulating coins at risk.



Despite these challenges, Sigel sees potential opportunities amid the turmoil. He believes the current price washout is attractive for building positions. &#8220;The depth of the drawdown and the degree of leverage reset have made the current price washout increasingly attractive for building positions on a one- to two-year view,&#8221; Sigel wrote.



<h2 class="wp-block-heading">How Miners&#8217; Actions Shape Bitcoin&#8217;s Future</h2>



The actions of Bitcoin miners are crucial in shaping the cryptocurrency&#8217;s future. As miners sell off Bitcoin to fund their operations amid AI pivots, the market faces additional pressure. 



&#8220;As financing conditions tightened alongside Bitcoin weakness, miners faced increased pressure to sell Bitcoin to bolster balance sheets,&#8221; Sigel explained in the post.



Despite the current challenges, the four-year cycle narrative remains an important reference point for investors. Sigel emphasized that the cycle&#8217;s psychology still plays a significant role, and he has been actively adding to his Bitcoin holdings.

Bitcoin Price Crash: VanEck Analyst Explains What Triggered the Drop

Dogecoin <a href="https://www.benzinga.com/quote/DOGE-USD" target="_blank" class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a> active addresses surged 36% to above 71,400 over the past week, but the token plunged 3% to $0.10258 while Shiba Inu <a href="https://www.benzinga.com/quote/SHIB-USD" target="_blank" class="ticker-link" data-ticker="SHIB" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</a> fell 2% to $0.00000655 as both test critical support levels.



<h3 class="wp-block-heading">The Activity-Price Disconnect</h3>



Dogecoin&#8217;s on-chain activity accelerated sharply even as price deteriorated.&nbsp;



The 36% increase in active addresses signals renewed network participation, but activity growth alone doesn&#8217;t guarantee upside.



Meanwhile, Dogecoin saw a massive $12.71 million net outflow on February 4th <a href="https://www.coinglass.com/currencies/DOGE/spot">according</a> to Coinglass.



The netflow pattern shows predominantly red bars with only few green spikes, suggesting sustained distribution.



<h3 class="wp-block-heading">DOGE Technical Breakdown</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132352/image-101-1024x735.png" alt="" class="wp-image-1293372" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132352/image-101-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132352/image-101-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132352/image-101-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132352/image-101.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Dogecoin collapsed through the critical $0.10 psychological support, testing levels not seen in months.&nbsp;



The Supertrend indicator sits at $0.12744 in bearish mode, well above current prices.



The immediate danger: The Parabolic SAR at $0.09455 sits just below current prices. A break below triggers panic selling toward $0.08 or lower. DOGE trades within a descending channel, now testing the lower boundary around $0.10.



Any bounce faces resistance at $0.10, followed by $0.12615, then $0.12744.&nbsp;



If $0.09455 fails, the channel suggests potential downside to $0.06-$0.07 if selling accelerates.



<h3 class="wp-block-heading">SHIB Faces Worse Damage</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132359/image-5-49-1024x735.png" alt="" class="wp-image-1293373" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132359/image-5-49-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132359/image-5-49-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132359/image-5-49-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/04132359/image-5-49.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Shiba Inu broke decisively below $0.000007 support, opening the door to further downside.



The token now tests channel support around $0.00000650-$0.00000660.



All EMAs sit above price: 20 EMA at $0.00000741, 50 EMA at $0.00000786, 100 EMA at $0.00000855, and 200 EMA at $0.00000993. This creates formidable resistance between $0.0000074-$0.0000099.



Adding pressure, the Money Flow Index at 30.28 indicates weak money flow and diminished buying pressure.&nbsp;



While approaching oversold territory, the reading hasn&#8217;t reached extreme levels below 20, meaning further downside is possible.



If current support fails, next meaningful support doesn&#8217;t appear until $0.000005-$0.0000055 or potentially $0.000004 at the bottom channel line.



Image source: Shutterstock

Dogecoin Sees 36% Activity Spike While DOGE And SHIB Test Critical Support

Bitcoin Cash <a class="ticker-link" data-ticker="BCH" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BCH-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</a> is rallying Friday as Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> snaps back from late-Thursday weakness, reigniting risk appetite across crypto markets. 



Bitcoin ripped higher on the day, up about 12% to reclaim the $70,000 level, setting a decisively risk-on tone that's lifting high-beta names like BCH alongside the broader rebound.



Here&#8217;s what investors <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50462774/bitcoin-70k-xrp-ethereum-dogecoin-gain">need to know</a>.



<ul class="wp-block-list">
<li>$BCH surged Friday. <a href="https://www.benzinga.com/quote/$BCH" target="_blank" rel="noreferrer noopener">What should traders watch with $BCH?</a></li>
</ul>



<h2 class="wp-block-heading">Why A Rising Bitcoin Price Lifts Bitcoin Cash</h2>



In the same way Bitcoin's snapback tends to pull traders back into higher-beta assets after a shakeout, the renewed bid in Bitcoin is acting like a green light for opportunistic rotation into liquid <a href="https://www.benzinga.com/topic/altcoins">altcoins</a> such as Bitcoin Cash.



Bitcoin still functions as crypto's macro barometer: when it stabilizes after a fast sell-off, it reduces fear of a cascading correction and encourages both institutions and retail traders to redeploy capital across the broader complex. 



That confidence reset often benefits coins with deeper order books and recognizable brands, where traders can express a higher-octane view than simply holding Bitcoin.



There's also plumbing behind the sentiment. A stronger Bitcoin tape typically coincides with higher exchange activity and tighter <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50299419/bitcoin-is-not-broken-raoul-pal-says-the-real-reason-for-the-dump-to-78000">liquidity conditions</a> for the entire sector, improving execution and attracting short-term momentum flows. 



Rising Bitcoin prices can also bolster mining economics and network activity more broadly, conditions that tend to support altcoin participation and speculative positioning.



<h2 class="wp-block-heading">What Is Bitcoin Cash?</h2>



Bitcoin Cash is a Bitcoin fork launched in 2017 after a <a href="https://www.benzinga.com/money/what-is-btc-cash">long-running debate</a> over how to scale Bitcoin for everyday transactions. The Bitcoin Cash camp favored bigger blocks to keep fees low and throughput higher the chain as a payments-focused version of Bitcoin rather than a settlement layer optimized for scarce block space. 



Since the split, Bitcoin Cash maintained its own miners, nodes and roadmap while remaining closely tethered to Bitcoin's market regime, often moving as a high beta proxy when traders are leaning risk-on.



<h2 class="wp-block-heading">Why BCH Can Move Faster Than BTC on Rebound Days</h2>



Because Bitcoin Cash's narrative is still framed relative to Bitcoin — same origin story, different scaling philosophy — sharp Bitcoin rebounds can translate into disproportionately large Bitcoin Cash swings. 



When the market shifts from defense to offense, traders frequently seek altcoins that can outperform the bounce, and Bitcoin-linked assets tend to sit near the front of that list.



<h2 class="wp-block-heading">BCH Price Today</h2>



BCH Price Action: Bitcoin Cash is trading higher by 7.66% to $501.97 Friday afternoon, according to data from <a href="https://www.benzinga.com/pro/register/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=XyC9gT66pxxf">Benzinga Pro</a>.



Image: Shutterstock

Bitcoin Cash Surges As Bitcoin Reclaims $70,000

Bitcoin rose about 12% in a single day to reclaim the $70,000 level, even as market sentiment remained in Extreme Fear territory and roughly $2 billion in leveraged positions were liquidated.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td><a href="https://www.benzinga.com/quote/BTC" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a></td><td>$70,270.36</td></tr><tr><td>Ethereum</td><td><a href="https://www.benzinga.com/quote/ETH" target="_blank" class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a></td><td>$2,064.72</td></tr><tr><td>Solana</td><td><a href="https://www.benzinga.com/quote/SOL" target="_blank" class="ticker-link" data-ticker="SOL" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</a></td><td>$87.15</td></tr><tr><td>XRP</td><td><a href="https://www.benzinga.com/quote/XRP" target="_blank" class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a></td><td>$1.4565</td></tr><tr><td>Dogecoin</td><td><a href="https://www.benzinga.com/quote/DOGE" target="_blank" class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a></td><td>$0.09850</td></tr><tr><td>Shiba Inu</td><td><a href="https://www.benzinga.com/quote/SHIB" target="_blank" class="ticker-link" data-ticker="SHIB" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</a></td><td>$0.056254</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 418,215 traders were liquidated in the past 24 hours for $1.93 billion.</li>



<li>SoSoValue data shows net outflows of $434.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $80.8 million. </li>



<li>In the past 24 hours, top gainers include XDC Network, XRP and Hedera.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50451341/bitcoin-infinite-paper-supply-not-wall-street-is-the-real-problem-says-analyst">Bitcoin&#8217;s &#8216;Infinite&#8217; Paper Supply — Not Wall Street — Is The Real Problem, Says Analyst</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50447925/bitcoin-could-bounce-from-50-crash-heres-what-record-layoffs-just-changed">Bitcoin Could Bounce From 50% Crash — Here&#8217;s What Record Layoffs Just Changed</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50455191/strategy-bitcoin-mstr-stock-price-target">&#8216;No Reasonable Scenario&#8217; Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50443065/crypto-cardano-founder-hoskinson-lost-3-billion-but-wont-sell">Cardano Founder Lost $3 Billion But Won&#8217;t Sell—&#8217;I Don&#8217;t Care If I Lose It All&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50444819/bitcoin-outlook-trader-buy-40000-political-shock">&#8216;I&#8217;ll Buy 100% Guaranteed,&#8217; Says Trader — If Bitcoin Reaches $40,000 Or Major Political Shock Unfolds</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50439056/anthony-scaramucci-points-to-193-million-war-chest-as-catalyst-for-chuck-schumers-crypto-push-money-talks">Anthony Scaramucci Points To $193 Million War Chest As Catalyst For Chuck Schumer&#8217;s Crypto Push: &#8216;Money Talks&#8217;</a></li>



<li><a href="https://www.benzinga.com/markets/prediction-markets/26/02/50438397/how-low-can-bitcoin-fall-this-month-prediction-markets-see-btc-touching-a-level-which-michael-burry-says-will-make-miners-bankrupt">How Low Can Bitcoin Fall This Month? Prediction Markets See BTC Touching A Level Which Michael Burry Says Will Make Miners &#8216;Bankrupt&#8217;</a></li>
</ul>



Trader Notes: Trader Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/2019781115859673217">expects</a> short-term Bitcoin bounces in the coming days but cautions against assuming a full recovery. He noted Bitcoin can rally 20%–30% and still roll over, as seen in August 2024 and March 2025, adding that a strong bounce alone does not confirm a trend reversal.



Crypto analyst Kevin <a href="https://x.com/Kev_Capital_TA/status/2019834863038198117">said</a> Bitcoin is seeing a sharp counter-trend snapback from a higher-timeframe "golden pocket," likely fuelled by late short liquidations. He added that rallies within broader downtrends can be aggressive and last days or even weeks, creating favourable volatility for short-term traders. The key resistance ahead sits in the $70,000–$75,000 range.



Trader KillaXBT <a href="https://x.com/KillaXBT/status/2019844682973372920">highlighted</a> that Bitcoin rebounded strongly from the $60,000 lows, an area that previously served as the base of a six-month accumulation zone and held multiple times. He said the critical test now lies between $70,000 and $76,000, a former support-resistance zone that would signal re-acceptance into the prior range if reclaimed.



Image: Shutterstock

Bitcoin Reclaims $70K As XRP Rallies 20%, Ethereum, Dogecoin Gain Over 10% Heading Into The Weekend

Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> has fallen about 15% over the past week and more than 20% over the past month, prompting questions about what's driving the decline and how much further prices could fall.



<h3 class="wp-block-heading">Six Reasons For Bitcoin Declines</h3>



Bitcoin's recent sell-off has rattled investors, but Bitwise CIO Matt Hougan <a href="https://experts.bitwiseinvestments.com/cio-memos/why-crypto-is-down-and-when-it-might-bottom">says</a> a deep, prolonged crash like 2022 is unlikely even if volatility persists.



In a recent memo, Hougan said crypto's weakness is being driven by several overlapping factors rather than a single catalyst.



He outlined six main pressures: long-term investors selling early to front-run the four-year cycle, retail attention shifting toward AI stocks and precious metals, a major leverage liquidation event, renewed fears of Federal Reserve hawkishness, concerns around quantum computing, and a broader risk-off macro environment.



Bitcoin is now down nearly 50% from its all-time high, with sentiment near levels seen at prior cycle bottoms. However, Hougan noted that selling by long-term holders is slowing, derivatives leverage has largely reset, and expectations for future rate cuts are beginning to build.



<h3 class="wp-block-heading">More Pain Ahead Or Is A Bottom In Sight?</h3>



Historically, Bitcoin drawdowns have reached 77% to 86% and lasted more than a year. While crypto markets are now more mature, making extreme crashes less likely, Hougan said further downside cannot be ruled out.



He added that market bottoms typically form through exhaustion, not excitement. The current environment, he said, resembles 2018 and 2022, periods that later proved to be strong long-term buying opportunities.



Hougan said recovery could come simply with time, but potential catalysts include regulatory clarity, a return to risk-on conditions, progress on quantum security, interest rate cuts and new AI-driven crypto use cases.



Despite weak prices, he said crypto's long-term fundamentals remain intact, pointing to rising digital adoption, demand for non-fiat systems, stablecoin growth, tokenization and increasing Wall Street participation.



Image: Shutterstock

Bitwise CIO Matt Hougan Says 2022-Style 77% Crypto Crash Is Unlikely, But More Downside Possible

Litecoin <a class="ticker-link" data-ticker="LTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/LTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>)</a> is higher Friday as Bitcoin climbs off the $60,000 area it tested late Thursday, rising roughly 8% to push back toward $70,000 after a sharp sell-off. Bitcoin's turnaround is helping steady sentiment across crypto and lifting riskier altcoins, including Litecoin.



Here&#8217;s what traders and investors <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50442175/crypto-related-stocks-surge-following-thursdays-bloodbath">need to know</a>.



<ul class="wp-block-list">
<li>$LTC stock is surging Friday. <a href="https://www.benzinga.com/quote/$LTC" target="_blank" rel="noreferrer noopener">Where is $LTC headed?</a></li>
</ul>



<h2 class="wp-block-heading">Why Rising Bitcoin Prices Are Bullish For Litecoin</h2>



Bitcoin is crypto's benchmark asset and the first destination for fresh capital. When BTC turns higher, traders typically rotate into large, widely listed altcoins like Litecoin that can magnify Bitcoin's move.



The bounce also eased stress around key levels: <a href="https://www.benzinga.com/pro/register/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=XyC9gT66pxxf">Benzinga Pro</a> data showed Bitcoin touched roughly $60,074 on Friday, an area watched for forced selling and liquidation cascades. 



"Big Short" investor Michael Burry warned miners could go "<a href="https://www.benzinga.com/markets/prediction-markets/26/02/50438397/how-low-can-bitcoin-fall-this-month-prediction-markets-see-btc-touching-a-level-which-michael-burry-says-will-make-miners-bankrupt">bankrupt</a>" and be "forced to sell" their Bitcoin reserves if BTC falls below the $50,000 mark. As Bitcoin recovers, collateral values rise, margin stress falls and traders can take fresh positions in Litecoin without fighting forced deleveraging again.



<h2 class="wp-block-heading">What Is Litecoin?</h2>



Created in 2011 by former Google engineer Charlie Lee, <a href="https://www.benzinga.com/quote/LTC-USD">Litecoin</a> is a Bitcoin-inspired network designed for faster, cheaper transactions. 



It uses the Scrypt hashing algorithm, targets roughly 2.5-minute blocks, and caps supply at 84 million coins, four times Bitcoin's limit, earning it the "silver to Bitcoin's gold" nickname. 



Its long track record and deep exchange support often make it a go-to altcoin when markets turn risk-on.



<h2 class="wp-block-heading">Litecoin Surges Friday Afternoon</h2>



Litecoin Price Action: Litecoin is up about 8% Friday to around $54 at the time of publication, rallying steadily through the session before pulling back slightly from its intraday high of $56.25.



Image: Shutterstock

Litecoin Gains As Bitcoin Recovery Lifts Altcoins

Shiba Inu <a href="https://www.benzinga.com/quote/SHIB-USD" target="_blank" class="ticker-link" data-ticker="SHIB" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</a> is gaining Friday as Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> rebounds from the $60,000 level hit late Thursday, climbing about 7% to reclaim $70,000 after a sharp sell-off. The rebound at least temporarily eases fears of a deeper correction and pulls traders back into higher-beta tokens like Shiba Inu.



Here&#8217;s what traders and investors <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50442175/crypto-related-stocks-surge-following-thursdays-bloodbath">need to know</a>.



<ul class="wp-block-list">
<li>$SHIB stock is surging today. <a href="https://www.benzinga.com/quote/$SHIB" target="_blank" rel="noreferrer noopener">What&#8217;s next for $SHIB?</a></li>
</ul>



<h2 class="wp-block-heading">Bitcoin Rally Restores Risk Appetite For Meme Coins</h2>



Bitcoin's Friday recovery matters for Shiba Inu because it anchors market confidence. When Bitcoin stabilizes after a shock, large investors redeploy capital across the crypto complex and retail traders rotate into speculative names that can move faster than Bitcoin itself. 



Rising Bitcoin prices also improve mining economics and exchange volumes, strengthening the broader ecosystem that supports <a href="https://www.benzinga.com/money/best-altcoin-exchanges">altcoins</a>.



Shiba Inu's decline this week was tied to <a href="https://www.benzinga.com/crypto/cryptocurrency/26/02/50441753/bitcoin-slides-65000-liquidations-hit-2b-ethereum-dogecoin-xrp?utm_source=chatgpt.com">broader market weakness</a>, as sharp outflows and liquidations hit meme-coin tokens alongside Bitcoin's slide, pressuring SHIB below key support levels before Friday&#8217;s rebound.



<h2 class="wp-block-heading">What Is Shiba Inu And Why It Trades Like A Leveraged Bitcoin Play</h2>



Launched in 2020 as an Ethereum-based meme token inspired by the Shiba Inu dog breed, Shiba Inu branded itself as a "Dogecoin killer." It quickly built an active community known as the "<a href="https://www.benzinga.com/money/shiba-inu-price-prediction">Shib Army</a>," later expanding into an ecosystem that includes the ShibaSwap decentralized exchange and token-burning initiatives to reduce supply.



Because Shiba Inu has no central cash flows and trades largely on sentiment, its price often amplifies moves in Bitcoin. In risk-on phases, inflows chasing outsized returns can send Shiba Inu soaring, while risk-off episodes hit it harder on the downside. 



Image: Shutterstock

Shiba Inu Rallies After Bitcoin Reclaims $70,000

XRP <a href="https://www.benzinga.com/quote/XRP-USD" target="_blank" class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a> surged 25% after Ripple outlined a growing set of &#8220;institutional DeFi&#8221; building blocks on the XRP Ledger designed to make the network viable for regulated financial activity, positioning XRP as a settlement and bridge asset.



<h3 class="wp-block-heading">The Institutional DeFi Blueprint</h3>



Ripple <a href="https://www.coindesk.com/markets/2026/02/06/ripple-lays-out-institutional-defi-blueprint-for-xrpl-with-xrp-at-center">outlined</a> how XRP Ledger will attract banks and financial institutions by solving their biggest concerns: verifying who&#8217;s using the network, enabling private transactions, and offering lending facilities.



Here&#8217;s what&#8217;s already working: the ledger can verify user identities before letting them trade, process multiple transactions at once, and create different types of tokens. 



Coming soon are lending markets and private transfers that hide transaction details from public view. This matters because banks won&#8217;t use public blockchains where anyone can participate anonymously. 



XRPL built identity verification directly into the system from the start, rather than adding it later like Ethereum did.



XRP acts as the bridge. When someone wants to convert dollars to euros or move stablecoins across borders, XRP sits in the middle of the transaction, automatically connecting the two assets.&nbsp;



Every transaction burns small amounts of XRP as fees, creating constant demand for the token.



<h3 class="wp-block-heading">The Lending Protocol Launch</h3>



The introduction of XLS-65/66—the XRPL lending protocol—will offer pooled and underwritten credit on-ledger without entirely offloading risk logic on-chain.&nbsp;



Single asset vaults, fixed-term lending, and optional permissioning tools are designed for institutional risk managers while operating in an on-chain settlement context.



Privacy features like confidential transfers for MPTs arrive in Q1, aiming to satisfy enterprise and regulatory expectations around transaction-level anonymity and controlled disclosure.



Addressing the EVM gap, the new EVM sidechain bridged via Axelar lets Solidity developers tap XRPL liquidity and identity features while accessing familiar tooling.&nbsp;



Critics have long pointed to XRPL&#8217;s lack of EVM-style programmability as a hindrance.



<h3 class="wp-block-heading">XRP Technical Analysis</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06114459/image-139-1024x735.png" alt="" class="wp-image-1297359" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06114459/image-139-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06114459/image-139-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06114459/image-139-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06114459/image-139.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



XRP is up 25%, showing a violent relief rally after testing $1.18-$1.20 lows.&nbsp;



The Bollinger Bands show XRP at the upper band around $2.17 after bouncing sharply from the lower band at $1.36.



However, XRP remains below the middle Bollinger Band at $1.7660—a bearish signal.



The descending trendline from all-time highs intersects around $1.80-$2.00 and represents major resistance.



The RSI at 38.36 shows bouncing from deeply oversold territory but remains well below 50, confirming momentum stays bearish despite the massive rally.&nbsp;



Critical support sits at $1.50-$1.62. If the bounce fails, XRP could retest $1.36 lows or potentially break toward $1 psychological support.



Image source: Shutterstock

XRP Surges 25% In Last 24 hours—What's Going On?

Cathie Wood&#8217;s ARK Invest is reshuffling its <a href="https://www.benzinga.com/crypto">crypto exposure</a> across <a href="https://www.benzinga.com/etfs">flagship ETFs</a>, snapping up shares of crypto exchange operator Bullish <a class="ticker-link" data-ticker="BLSH" data-exchange="NYSE" href="https://www.benzinga.com/quote/BLSH" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BLSH">BLSH</a>)</a>, while trimming holdings in Coinbase Global Inc <a class="ticker-link" data-ticker="COIN" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/COIN" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>)</a>, according<a href="https://coincentral.com/cathie-wood-buys-coinbase-and-circle-stock-as-bitcoin-tumbles/"> to</a> a Coincentral report, in a move that may reflect shifting bets on where the next phase of digital-asset growth could emerge.



 •&nbsp;Bullish stock is surging to new heights today. <a href="https://www.benzinga.com/quote/BLSH" target="_blank" rel="noreferrer noopener">What&#8217;s behind BLSH gains?</a>



In all, ARK bought roughly 716,030 shares of Bullish which ended Thursday at $24.90, across the flagship ARK Innovation ETF <a class="ticker-link" data-ticker="ARKK" data-exchange="BATS" href="https://www.benzinga.com/quote/ARKK" target="_blank" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKK">ARKK</a>)</a>, ARK Next Generation Internet ETF <a href="https://www.benzinga.com/quote/ARKW" target="_blank" class="ticker-link" data-ticker="ARKW" data-exchange="BATS" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKW">ARKW</a>)</a> and ARK Fintech Innovation ETF <a href="https://www.benzinga.com/quote/ARKF" target="_blank" class="ticker-link" data-ticker="ARKF" data-exchange="BATS" rel="noopener">(BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKF">ARKF</a>)</a>, for roughly $17.8 million.



Simultaneously, ARK sold around 119,236 shares of Coinbase from those funds, at a value of about $17.4 million.



<h2 class="wp-block-heading">ETF Positioning Hints At Selective Crypto Exposure</h2>



Bullish now has 1.68% of ARKK&#8217;s holdings, 1.43% of ARKW and 2.37% of ARKF, with Coinbase remaining a larger holding overall, roughly 3.7% of ARKK, 3.44% of ARKW and 4.95% of ARKF.



The repositioning comes as crypto markets navigate an increasingly volatile period. Bitcoin has fallen nearly 20% over the past week before recovering to cross $68,000 on Friday. Crypto-related equities exchanges have emulated that volatility.



For ARK, though, it illustrates perhaps something more salient: a willingness and preparedness among the ETF investor community to stay exposed to the infrastructure of digital assets without heavy concentration into any particular platform.



<h2 class="wp-block-heading">Bullish Earnings Provide A Tactical Catalyst</h2>



ARK's purchase came in response to Bullish's <a href="https://www.benzinga.com/earnings">quarterly earnings</a>, which managed to beat Wall Street analysts&#8217; expectations despite reporting continued losses. This came in the form of a loss per share of $3.73, along with revenue generated of $92.5 million, which beat analysts&#8217; expectations.



Revenue grew by nearly 68% year over year, implying higher trading volumes despite an improvement in digital asset sales volumes.



However, Bullish stock itself has seen difficulty lately, losing ground significantly in recent months, which can be taken as an opportunity according to ARK.



<h2 class="wp-block-heading">Crypto ETFs Face A Sentiment Test</h2>



The ETF factor goes beyond ARK&#8217;s actively managed funds. Crypto-linked ETFs, including blockchain equity and digital economy-type funds, usually get direction from exchange profitability, trading volumes and Bitcoin price direction.



If Bitcoin stabilizes, exchange-centric equities could pick up again, potentially favoring ETFs that have high fintech and crypto infrastructure holdings. However, continued volatility could keep ETFs at a more tactical rather than aggressive investment pace.



The latest trade by ARK appears to be a bullish bet on digital assets, combined with a degree of flexibility within the sector based on changing market leaders.



Photo: Cathie Wood, courtesy Ark Invest

Cathie Wood Makes $17 Million Crypto Shift — ARK ETFs Rotate From Coinbase To Bullish

Strategy Inc <a class="ticker-link" data-ticker="MSTR" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/MSTR" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSTR">MSTR</a>)</a> shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is &#8220;no reasonable scenario&#8221; forcing the company to sell Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> despite trading underwater on its holdings.



<h3 class="wp-block-heading">The Bull Case Amid Carnage</h3>



TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is &#8220;better positioned than ever&#8221; to <a href="https://www.theblock.co/post/388821/strategy-is-better-positioned-than-ever-to-weather-bitcoin-crash-and-benefit-from-recovery-td-cowen-says">participate</a> in a potential recovery, even as the premise looks strained amid steep declines. The company&#8217;s shares are down 13.4% so far in 2026, adding to a 47.5% slump last year.



The volatility looks intentional ― analysts noted Strategy&#8217;s common stock is designed to be about 1.5 times more volatile than Bitcoin. 



&#8220;It should come as no surprise that Strategy&#8217;s shares outperform Bitcoin when the price rises, and underperform when falling. This is, in fact, by design,&#8221; they said.



On solvency concerns, TD Cowen argued Strategy has the &#8220;wherewithal to ride out a hypothetically much steeper Bitcoin rout.&#8221;&nbsp;



They pointed to the company&#8217;s $2.25 billion cash reserve that could fund $900 million in fixed charges for nearly 17 months while covering $1 billion of convertible notes putable in 2027.



The earliest trouble point appears in March 2028, when additional convertibles mature or become putable.&nbsp;



Moreover, TD Cowen maintained Bitcoin price targets at $177,000 by December 2026 and $226,000 by December 2027.



<h3 class="wp-block-heading">The $8K Threshold</h3>



TD Cowen&#8217;s view aligns with recent Strategy executive comments.&nbsp;



On the Q4 earnings call revealing $126 billion in losses, CEO Phong Le said Bitcoin would need to fall to around $8,000 and remain there for five to six years before Strategy faces difficulty servicing convertible debt.



Executive Chairman Michael Saylor reiterated the capital structure is designed to withstand extended volatility, dismissing quantum computing threats as &#8220;horrible FUD.&#8221;



<h3 class="wp-block-heading">The Digital Credit Engine</h3>



TD Cowen highlighted Strategy&#8217;s emerging &#8220;digital credit engine&#8221; as a key thesis component.



The company raised over $7 billion of preferred equity in fiscal 2025, representing 33% of all preferred equity sold in the U.S.



The firm&#8217;s STRC preferred stock pays an 11.25% annualized dividend rate with daily liquidity above $118 million, providing an alternative funding mechanism beyond convertible debt.



<h3 class="wp-block-heading">MSTR Technical Reality</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06103915/image-5-73-1024x735.png" alt="" class="wp-image-1297213" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06103915/image-5-73-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06103915/image-5-73-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06103915/image-5-73-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06103915/image-5-73.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Strategy&#8217;s shares are up 22% Friday, bouncing after testing the critical $100-$110 support. 



However, the stock remains trapped in a descending channel with overhead resistance.



The SAR indicator at $155.29 positions above current prices, indicating the bearish trend remains intact. Immediate resistance sits at $155, followed by $165-$175, then $200+.



Additionally, the RSI at 36.45 shows bouncing from oversold but remains below 50, confirming momentum stays bearish.&nbsp;



Support sits at $100-$110—if this fails, next support appears at $75-$85.



Image source: Shutterstock

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