Bitcoin downside may be limited without a broader equity bear market
Compass Point analysts suggest Bitcoin is testing weak support, but a deeper decline would likely require a full U.S. equity market downturn. The $60,000 level is seen as a critical psychological and structural floor if risk assets continue to deteriorate.
Blame narratives continue to shape market volatility
Changpeng Zhao has pushed back against renewed scrutiny over Binance’s alleged role in October’s flash crash. The ongoing blame game highlights how trust, perception, and narrative risk continue to amplify volatility during market stress.
Macro events and policy uncertainty remain key drivers
Developments ranging from Elon Musk’s decision to combine xAI with SpaceX, to unresolved stablecoin yield discussions at the White House, and legal troubles facing Russia’s largest Bitcoin mining firm, show that external political, regulatory, and corporate forces are increasingly influencing crypto market expectations.
Welcome to CoinDesk Daily Data Report. In this column series, CoinDesk will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
Crypto bear market is nearing end, with $60K as key bitcoin floor, Compass Point analysts say
According to Compass Point analysts, bitcoin is testing weak support but further downside would likely require a broader U.S. equity bear market. The firm points to $60K as a key potential floor, framing it as an important level for market stabilization if risk assets worsen.
CZ pushes back against Binance ‘FUD’ as blame game for crypto crash persists
Changpeng Zhao responded to renewed scrutiny over Binance’s alleged role in October’s crypto flash crash. His comments push back on accusations circulating in the market as the blame game around the sell-off continues.
Elon Musk merges AI company xAI with rocket company SpaceX to build AI in space
Elon Musk has combined xAI with SpaceX in a deal that Bloomberg reports could price a future IPO at around $1.25 trillion. The move aims to blend SpaceX’s infrastructure with xAI’s technology for space‑based AI applications.
Russia’s biggest bitcoin mining firm’s founder arrested for tax evasion while his company faces bankruptcy
The founder of Russia’s largest bitcoin mining firm was arrested on tax‑evasion charges as the company faces mounting pressure from energy debts, regulatory constraints, and insolvency claims. An En+ subsidiary has reportedly filed an insolvency claim, compounding the firm’s troubles.
Crypto industry, banks not yet close to stablecoin yield deal at White House meeting
Industry insiders met with White House advisers to discuss stablecoin yield and market‑structure legislation, but sources say the parties remain far apart. The administration urged compromises this month to move the Senate’s crypto bill forward.
〈CoinRank Daily Data Report (2/3)｜Crypto bear market is nearing end, with $60K as key bitcoin floor, Compass Point analysts say〉這篇文章最早發佈於《CoinRank》。
