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

'No Reasonable Scenario' Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen

Galaxy Digital Inc. <a class="ticker-link" data-ticker="GLXY" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/GLXY" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GLXY">GLXY</a>)</a> shares are up on Friday following the announcement of <a href="https://www.benzinga.com/pressreleases/26/02/n50444633/galaxy-announces-200-million-share-repurchase-program">a $200 million</a> share repurchase program. 



The stock&#8217;s rise comes as the broader market is experiencing gains, with major indices like the Dow Jones up 1.64% and the S&amp;P 500 rising 0.98%. 



<h2 class="wp-block-heading">Galaxy Digital Announces $200 Million Buyback</h2>



The Galaxy Digital board of directors approved a share repurchase program, allowing the company to buy back up to $200 million of its Class A common stock. This decision reflects the company&#8217;s strong balance sheet and confidence in its long-term prospects, said CEO Mike Novogratz.



Additionally, the repurchase program will be conducted in compliance with applicable securities laws and stock exchange requirements, allowing for flexibility in the timing and amount of shares repurchased. 



The program is set to last for 12 months, providing Galaxy with the opportunity to return capital to shareholders when the stock price does not reflect the company&#8217;s value.



<h2 class="wp-block-heading">Galaxy Digital&#8217;s Bearish Technical Indicators</h2>



Galaxy Digital is currently trading 31.4% below its 20-day simple moving average (SMA) and 36.4% below its 100-day SMA, indicating a bearish trend in the short to medium term. Shares have decreased 15.66% over the past 12 months and are positioned closer to their 52-week lows than highs, reflecting ongoing challenges for the stock.



The RSI is at 27.54, which is considered oversold, suggesting the stock may be undervalued at current levels. Meanwhile, the MACD is below its signal line, indicating bearish pressure on the stock.



The combination of oversold RSI and bearish MACD suggests mixed momentum, indicating that while the stock is oversold, the bearish MACD signals caution for potential buyers.



<ul class="wp-block-list">
<li>Key Resistance: $21.50</li>



<li>Key Support: $17.50</li>
</ul>



<h2 class="wp-block-heading">Galaxy Digital&#8217;s Upcoming Earnings and Analyst Views</h2>



Investors are looking ahead to the <a href="https://www.benzinga.com/quote/GLXY/earnings">next earnings report</a> on May 23, 2026.



<ul class="wp-block-list">
<li>EPS Estimate: Loss of 26 cents</li>



<li>Revenue Estimate: $14.49 billion</li>
</ul>



<h2 class="wp-block-heading">Analyst Consensus and Recent Actions:</h2>



The stock carries a Buy Rating with an <a href="https://www.benzinga.com/quote/GLXY/analyst-ratings">average price target</a> of $44. Recent analyst moves include:



<ul class="wp-block-list">
<li>Morgan Stanley: Overweight (Lowers target to $36 on Feb. 4)</li>



<li>Goldman Sachs: Neutral (Lowers target to $24 on Feb. 4)</li>



<li>Citizens: Market Outperform (Maintains target to $60 on Feb. 4)</li>
</ul>



<h2 class="wp-block-heading">Galaxy Digital Shares Surge</h2>



Galaxy Digital shares were up 16.98% at $19.70 at the time of publication on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



Photo: Postmodern Studio / Shutterstock.com

Galaxy Digital Shares Surge Nearly 16% After Company Announces $200 Million Share Buyback Program

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> slid back from recent highs, some market voices blamed outdated narratives such as four-year cycles or technical anomalies. Others argue the issue runs much deeper.



<h3 class="wp-block-heading">BTC's ‘Theoretical Infinite' Supply</h3>



Veteran technical analyst Bob Kendall <a href="https://x.com/portfolioxpert/status/2019180840958529601?s=46">said</a> Bitcoin is no longer priced by on-chain scarcity or the fixed 21-million supply.



Once financial layers were added, including futures, perpetuals, options, ETFs, lending products, wrapped BTC and swaps, Bitcoin effectively lost scarcity at the point of price discovery. Supply can now be synthetically created, making BTC trade more like gold or oil in derivatives-heavy markets.



As a result, Kendall said price is driven by the marginal buyer and the synthetic float, not physical Bitcoin. Large players can create "paper BTC," short rallies, trigger liquidations, cover at lower prices and repeat the process.



"One real BTC can support multiple claims," he noted, turning Bitcoin into a fractional-reserve-style market rather than a pure supply-and-demand asset.



<h3 class="wp-block-heading">Problem Was Greed, Not Ignorance</h3>



Kendall <a href="https://x.com/PortfolioXpert/status/2019560304733221345">argued</a> that Bitcoin's current issues were not caused by ignorance but by greed. According to him, many influencers and prominent Bitcoin advocates chased legitimacy, Wall Street approval, ETFs, media exposure and faster price appreciation.



In doing so, they willingly integrated Bitcoin into the traditional financial system, believing it would make them rich. The warning, Kendall said, was clear years in advance: inviting Wall Street into price discovery would destroy scarcity and transform Bitcoin into a leveraged financial product.



He added that government involvement and regulation only accelerated the shift, enabling greater control, taxation and surveillance rather than preserving Bitcoin's original principles.



Wall Street didn&#8217;t hijack Bitcoin, Kendall said — it was invited in.



Image: Shutterstock

Bitcoin's 'Infinite' Paper Supply — Not Wall Street — Is The Real Problem, Says Analyst

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> surged 6% as U.S. planned layoffs more than tripled in January to their highest level since 2009, raising hopes the Federal Reserve will cut rates to support the economy and put a floor under risk assets down nearly 50% from highs.



<h2 class="wp-block-heading">The Layoff Surge</h2>



U.S. companies <a href="https://www.coindesk.com/markets/2026/02/06/u-s-job-losses-at-17-year-high-raise-positive-signals-for-bitcoin-bulls">announced</a> plans to cut 108,435 jobs in January — a 205% surge from the prior month and a 17-year high, according to outplacement firm Challenger, Gray &amp; Christmas. 



Year-over-year, announced cuts rose 118%, signaling sharp labor market weakening.



The technology sector led the pain. Amazon.com Inc <a class="ticker-link" data-ticker="AMZN" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/AMZN" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>)</a> announced 22,291 reductions, while United Parcel Service <a class="ticker-link" data-ticker="UPS" data-exchange="NYSE" href="https://www.benzinga.com/quote/UPS" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UPS">UPS</a>)</a> planned 31,243 cuts. 



Andy Challenger called it a high figure for January, noting most plans were set at the end of 2025, signaling employers are pessimistic about 2026.



This clashes with official data. The Bureau of Labor Statistics&#8217; monthly payrolls report still paints a resilient labor market picture, but private reports are becoming early warning flags signaling cracks before official figures reflect them.



<h2 class="wp-block-heading">The Fed Rate Cut Argument</h2>



Private indicators suggest the Fed may soon need to ease policy by cutting rates to support the economy.



Earlier this month, blockchain-based Truflation showed real-time inflation dropping below 1%, even as official CPI lingers well above the Fed&#8217;s 2% target.



Together, these signals suggest weakening growth and disinflation that could push the Federal Reserve toward rate cuts.&nbsp;



The potential easing could benefit Bitcoin, which trades down nearly 50% from its record high above $126,000.



Fed expectations are deeply divided. JPMorgan Chase &amp; Co <a class="ticker-link" data-ticker="JPM" data-exchange="NYSE" href="https://www.benzinga.com/quote/JPM" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/JPM">JPM</a>)</a> expects rates to remain unchanged throughout 2026, then increase in 2027. 



Other banks expect at least two 25-basis-point cuts this year. One economist predicts Trump&#8217;s Fed chair nominee Kevin Warsh will cut rates by 100 basis points before the November midterm elections.



<h2 class="wp-block-heading">BTC Price Outlook</h2>



<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/2026/02/06084550/image-133-1024x735.png" alt="" class="wp-image-1296975" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06084550/image-133-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06084550/image-133-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06084550/image-133-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06084550/image-133.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Bitcoin is up 6%, bouncing from extreme oversold conditions after testing $60,000-$62,000 support.&nbsp;



However, the recovery occurs from severe technical damage.



Critical resistance sits at $75,000-$80,000 — the area Bitcoin broke down from during the recent collapse. 



This zone flipped from support to resistance and represents a major hurdle. Above that, $89,070 marks another significant resistance.



The RSI at 25.14 shows Bitcoin bouncing from deeply oversold territory, explaining the current relief rally.&nbsp;



However, RSI remains well below the 50 midpoint, indicating momentum stays bearish overall.



Support levels appear at $50,000-$55,000 if the bounce fails, followed by $43,000 as the critical floor. The ultimate support sits at $32,851—a catastrophic scenario if tested.



Image source: Shutterstock

Bitcoin Could Bounce From 50% Crash — Here's What Record Layoffs Just Changed

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> broke below key support levels this week, prompting traders to reassess when, or if, the market might offer an attractive long-term entry.



Trader Guarantees Buying Bitcoin



In a recent <a href="https://x.com/donalt/status/2019543526464450901?s=46">post</a> on X, trader DonAlt said he would go "100% guaranteed" into Bitcoin only if one of several major events occurs.



Those potential scenarios include Bitcoin falling to $40,000, a level he views as deeply undervalued, or a dramatic shift in U.S. politics, such as Donald Trump exiting the political stage. He also cited a full unravelling of the Epstein case, with charges brought against powerful figures, as another potential trigger.



Until then, DonAlt said he plans to trade short-term and "play day-by-day" rather than make a heavy directional bet.



He also added that Michael Saylor selling Bitcoin would be a major market signal, though he does not expect that to happen until 2027 or 2028, if at all.



<h3 class="wp-block-heading">‘Best Level On The Chart,' But Still Waiting</h3>



DonAlt <a href="https://x.com/DonAlt/status/2019233782084301279">acknowledged</a> that Bitcoin has reached what he considers a strong technical level but said uncertainty around U.S. political and macro developments keeps him sidelined.



For a bullish outlook to return, he noted, Bitcoin must reclaim the prior range high near $71,000.



Absent that move, he prefers waiting for a deeper pullback near $44,000 range, arguing that buying between those levels offers poor risk-reward.



For now, DonAlt's cautious stance has proven correct, as volatility remains elevated and conviction across the market continues to erode.



Image: Shutterstock

'I'll Buy 100% Guaranteed,' Says Trader — If Bitcoin Reaches $40,000 Or Major Political Shock Unfolds

Cardano <a class="ticker-link" data-ticker="ADA" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ADA-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>)</a> founder Charles Hoskinson revealed his personal crypto holdings have depreciated by over $3 billion but refuses to sell, but he refuses to sell—telling viewers during a livestream from Tokyo that he doesn't care if he loses it all.



<h3 class="wp-block-heading">The $3B Loss And Why He Won&#8217;t Sell</h3>



Hoskinson <a href="https://x.com/IOHK_Charles/status/2019558006258794567">addressed</a> critics who say wealthy founders can easily hold through downturns.



He revealed losing over $3 billion in unrealized losses and admitted cashing out would have been easy, but dismissed the idea entirely.



His reasoning: &#8220;Do you think I honestly care if I lose it all? Do you think I&#8217;m doing this for money? You&#8217;re pretty mistaken if you do.&#8221;



Crypto represents the only viable path forward for a globalizing world, he argued.



Additionally, he claimed no empire is strong enough to conquer the world—not even China—making cryptocurrency the only mechanism to run a unified global market.



<h3 class="wp-block-heading">The System Critique</h3>



Hoskinson positioned the crypto downturn as part of humanity&#8217;s transition away from a corrupt legacy financial system.&nbsp;



He challenged holders considering exits by asking what they would return to—a rigged system that erodes wealth 5%-10% annually through inflation while AI threatens to eliminate jobs.



The choice is stark, according to him: either endure red days walking toward a decentralized alternative, or return to a system controlled by corrupt forces. 



Recent financial scandals demonstrate the existing system is irredeemably broken and cannot be reformed from within, Hoskinson argued, adding blockchain infrastructure has matured to genuine readiness despite the market carnage.



Current systems process billions of transactions monthly and offer superior digital identity and self-sovereignty solutions compared to anything traditional finance has built with decades and trillions of dollars at their disposal, according to him.



<h3 class="wp-block-heading">ADA 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/2026/02/06072455/image-132-1024x735.png" alt="" class="wp-image-1296833" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06072455/image-132-1024x735.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06072455/image-132-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06072455/image-132-768x551.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/02/06072455/image-132.png 1288w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Cardano is up 6 today%, but remains severely compromised technically.&nbsp;



All EMAs sit above price: 20 EMA at $0.3191, 50 EMA at $0.3620, 100 EMA at $0.4310, and 200 EMA at $0.5278.&nbsp;



Moreover, the Supertrend at $0.3249 flashes bearish.



ADA broke below critical $0.50 support and remains trapped in a descending channel.&nbsp;



If support around $0.25-$0.26 fails, ADA could accelerate toward $0.20.&nbsp;



Meanwhile, any bounce faces immediate resistance at $0.30, followed by $0.3191.



Image source: Shutterstock

Cardano Founder Lost $3 Billion But Won't Sell—'I Don't Care If I Lose It All'

Cryptocurrency-exposed stocks mounted a recovery in Friday&#8217;s premarket session after suffering double-digit losses Thursday, 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> rebounded 7.86% to trade at $65,760.87.



<h2 class="wp-block-heading">Mining Stocks Lead Recovery</h2>



MARA Holdings Inc <a class="ticker-link" data-ticker="MARA" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/MARA" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MARA">MARA</a>)</a> surged 7.88% to $7.26 in premarket trading after plummeting 18.72% on Thursday. 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>, known for its substantial Bitcoin holdings, jumped 8.36% to $115.93 following Thursday&#8217;s brutal 17.12% selloff that came despite beating analyst estimates on fourth-quarter revenue and earnings per share.



Hut 8 Corp <a class="ticker-link" data-ticker="HUT" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/HUT" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HUT">HUT</a>)</a> led the recovery with an 8.68% premarket gain to $48.34 after Thursday&#8217;s devastating 17.89% decline.



<h2 class="wp-block-heading">Exchanges And Platforms Bounce Back</h2>



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>, the largest U.S. cryptocurrency exchange, rose 6.41% to $155.48 in premarket after Thursday&#8217;s 13.34% drop. Robinhood Markets Inc <a class="ticker-link" data-ticker="HOOD" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/HOOD" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a>)</a> advanced 5.54% to $76.71 following a 9.85% decline in the previous session.



Riot Platforms Inc <a class="ticker-link" data-ticker="RIOT" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/RIOT" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RIOT">RIOT</a>)</a> climbed 5.64% to $12.74, while TeraWulf Inc <a class="ticker-link" data-ticker="WULF" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/WULF" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WULF">WULF</a>)</a> gained 4.45% to $12.45 in premarket trading.



<h2 class="wp-block-heading">Bitcoin&#8217;s Critical Level Sparks Miner Concerns</h2>



Bitcoin touched $60,074.20 on Friday according <a href="https://pro.benzinga.com/dashboard">to Benzinga Pro data</a>, approaching levels that have market watchers concerned. 



&#8220;Big Short&#8221; investor Michael Burry recently warned that <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">miners will go &#8220;bankrupt&#8221;</a> and be &#8220;forced to sell&#8221; their Bitcoin reserves if BTC falls below the $50,000 mark, according to a Yahoo Finance report.



Scott Wren, Senior Global Market Strategist at Wells Fargo Investment Institute, maintains optimism <a href="https://www.benzinga.com/markets/equities/26/02/50439534/stock-market-today-dow-jones-sp-500-futures-advance-after-sharp-sell-off-roblox-amazon-reddit-strategy-in-focus">despite recent volatility</a>, describing the U.S. economy as a &#8220;gigantic aircraft carrier&#8221; that is difficult to knock off course. He views market pullbacks as &#8220;opportunities to increase exposure&#8221; to favored sectors.



U.S. stock futures advanced Friday, with the SPDR S&amp;P 500 ETF Trust <a class="ticker-link" data-ticker="SPY" data-exchange="NYSE" href="https://www.benzinga.com/quote/SPY" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>)</a> up 0.37% at $680.10 in premarket.



Image via Shutterstock

Crypto-Related Stocks Surge Following Thursday's Bloodbath

Bitcoin slid roughly 8% in a day to $65,000, pushing the crypto sentiment index to Extreme Fear (5); liquidations stand at $2.60 billion over the past 24 hours.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;



Bitcoin ETFs saw $434.2 million in net outflows on Thursday, while Ethereum ETFs reported $80.8 million in net outflows.



<h3 class="wp-block-heading">Slight Rally Can Lead To Large Wick</h3>



Crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/2019698669625508006">said</a> Bitcoin has entered the lowest quarter of its eight-year price channel and is nearing its lower boundary. Major channel support sits in the $50,000–$55,000 range, an area he views as critical.



Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/2019693142056865861">noted</a> Bitcoin plunged below $60,000 almost instantly, marking a sharp two-week correction. Price is now hovering near the 200-week moving average, making the coming sessions decisive. He added, &#8220;If prices can rally up slightly, we&#8217;re going to see a large wick.&#8221;



Crypto chart analyst Ali Martinez <a href="https://x.com/alicharts/status/2019516383512363505">said</a> Ethereum historically bottoms when its MVRV ratio falls below 0.80. The metric currently stands near 0.96, suggesting Ethereum may not yet be at a cycle low.



XRP, however, showed relative resilience. Analyst CryptoInsightUK <a href="https://x.com/Cryptoinsightuk/status/2019696743722676733">said</a> the token posted a daily close that fully absorbed the Binance liquidation wick, clearing downside liquidity with a strong volume spike, a setup that &#8220;still favors a sharp upside move.&#8221;



Trader Bluntz Capital <a href="https://x.com/Bluntz_Capital/status/2019575864669921581">highlighted</a> Solana tagging the macro 0.78 Fibonacci retracement, placing it roughly 78% below all-time highs. From a long-term perspective, he said deep fibonacci retracements have historically offered favorable risk-reward entries.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>&nbsp; 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>$65,830.49</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>$1,925.89</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>$80.87</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>$1.35</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>$0.09352</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>$0.056008&nbsp;&nbsp;</td></tr></tbody></table></figure>



The meme coin sector fell 10.4% in a single day, dropping total market capitalization to $32.9 billion in line with the broader crypto sell-off.



Martinez <a href="https://x.com/alicharts/status/2019622578915307668">noted</a> Dogecoin is holding key support around $0.054, a level that could serve as a potential bounce zone if broader market conditions stabilize.



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