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news-imageFebruary 6, 2025

Crypto Market Crash: Why Is Bitcoin, XRP, Solana & Dogecoin Price Dropping?

Another crypto market crash has occurred, with Bitcoin, XRP, Solana, and Dogecoin prices experiencing significant declines. This development comes amid economic uncertainty and the bearish sentiment among investors.
Publisher: Coingape
Sentiment: Negative
BTC
DOGE

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Positive
cover-imageBitcoin
February 6, 2025

Risk and Reward: Families Betting on Bitcoin to Fund Their Children's Education

Driven by beliefs in bitcoin's potential for significant gains, some U.S. parents are shifting a portion of their children's college savings from traditional 529 plans to cryptocurrency. Disappointing 529 Returns Prompt Bitcoin Interest Some U.S. families are reportedly putting a portion of their children's college savings in bitcoin (BTC), believing the cryptocurrency typically outperforms stocks.

Positive
cover-imageThe Currency Analytics
February 6, 2025

Bitcoin Block Size Could Reach 4 MB by 2026

Bitcoin's scalability has been a hot topic for years, with discussions about its block size reaching new levels of intensity. According to a recent report from Mempool, a research firm specializing in Bitcoin data, the Bitcoin network could see its block size expand to 4 MB by late 2026, representing a significant growth from its current size.

Negative
cover-imageThe Currency Analytics
February 6, 2025

Bitcoin Faces Volatility as 50K BTC Moves, CryptoQuant Warns

Bitcoin (BTC) investors may soon face increased volatility, with new concerns rising over large movements in Bitcoin holdings. A recent warning issued by prominent analytics firm CryptoQuant revealed that a massive 49,700 BTC, valued at around $5 billion, which had remained inactive for six to twelve months, are now being transferred.

Negative
cover-imageBitcoin
February 6, 2025

Bitcoin's Correlation With Markets Grows, Challenging ‘Safe Haven' Narrative

Bitcoin's correlation with global markets—attributed by some to increased institutional investment and algorithmic trading—challenges the narrative of it being a safe-haven asset, similar to gold. Bitcoin's ‘Safe Haven' Claim Challenged Following the U.S. imposition of a 25% tariff on Canadian and Mexican imports, bitcoin (BTC) briefly plummeted below $93,000, dragging the crypto market down.

Positive
cover-imageProactive Investors
February 6, 2025

Trump Media files for Bitcoin ETF as part of investment push

Trump Media & Technology Group Corp (NASDAQ:DJT), the parent company of Truth Social, is expanding into financial services with a series of investment products under the "Truth.Fi" brand, the company announced Thursday. The move aligns with themes championed by President Donald Trump, including US energy independence, domestic manufacturing, and cryptocurrency.

Negative
cover-imageBenzinga
February 6, 2025

Bitcoin, Ethereum, XRP, Dogecoin Grind Lower As Trader Warns: Choppy Above $95,500, Bearish Below

Despite positive catalysts like institutional adoption and discussions around Bitcoin's potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin's $95,500 support level. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,588.31 -1% Ethereum (CRYPTO: ETH) $2,710.63 -2% Solana (CRYPTO: SOL) $191.80 -3.7% XRP (CRYPTO: XRP) $2.33 -4.4% Dogecoin (CRYPTO: DOGE) $0.2481 -4% Shiba Inu (CRYPTO: SHIB) $0.00001505 -5.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%.

Positive
cover-imageCoingape
February 6, 2025

VanEck Predicts Solana to Hit $520 by End of Year 2025

Asset management firm VanEck has predicted that Solana (SOL) is on track to hit a $520 price target by the end of this year. The asset manager said its projection for Solana's price hinges on its potential year-end market share within the Smart Contract Platform (SCP) world.

Negative
cover-imageBenzinga
February 6, 2025

XRP Down 26% In 7 Days: What's Going On?

XRP (CRYPTO: XRP) has dropped 26% in the past seven days, mirroring broader market weakness that has pushed Bitcoin (CRYPTO: BTC) below $100,000. Despite the pullback, strong fundamentals could help XRP recover.

Negative
cover-imageThe Currency Analytics
February 6, 2025

XRP Price Prediction for February 6: Key Levels to Watch

Ripple's native token, XRP, has encountered some challenges recently, facing a more than 3% decline in its value and revisiting levels below the $2.50 mark. The coin dropped to a low of $2.36 within the last 24 hours, triggering some concerns in the market.

Positive
cover-imageInvezz
February 6, 2025

Trump Media files trademark applications for Bitcoin and US industry investment products

Trump Media and Technology Group (TMTG), the parent company behind Truth Social, announced Thursday that it has filed for trademarks on six new investment products, marking its entry into the financial services sector. These products aim to track Bitcoin and key US industries, including manufacturing and energy. The filings include products such as the Truth.

Positive
cover-imageBenzinga
February 6, 2025

A Bitcoin Pullback To $75,000 Is Coming, Arthur Hayes Warns

Bitmex co-founder Arthur Hayes shared his insights on the current market cycle and his bold predictions for Bitcoin's (CRYPTO: BTC) future, suggesting a potential dip before a significant rally. What Happened: In a podcast with Scott Melker on Feb. 1, Hayes forecasted a short-term pullback to $75,000 before a massive rally to $250,000 by the end of this cycle.

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