BitcoinDay

The chip manufacturer for mobile phones MediaTek corrected in January a vulnerability that affected its chipsets and that could have allowed an attacker to steal cryptocurrency seed phrases in just 45 seconds on the affected devices using only a USB cable and the appropriate software.

According to Ledger, the flaw stemmed from MediaTek's secure boot chain, a security mechanism integrated into its chips that ensures that a phone starts securely and only with authorized software during boot.

Traders acquired nearly 600,000 BTC when the #Bitcoin fell below US$70,000. According to Checkonchain, 60% of the circulating supply is currently in profit, which implies that around 40% has a cost basis above US$70,000.

8% of the circulating supply is in the hands of people who bought their BTC in this indicated range, creating a dense concentration of ownership. Therefore, the range of US$60,000/US$70,000 could act as an important support level in the future.

What would you prefer to receive at this moment, US$100,000 at #Bitcoin or US$150,000 in Gold?...🤔 But you have a condition, you must keep whatever you choose for 5 years.

According to CK Zheng from ZX Squared Capital, the #Bitcoin is now firmly in a deep bear market and could fall another 30% in 2026. Zheng argues that the predictable psychology of investors reinforces BTC's four-year boom and bust pattern, keeping it as a speculative asset rather than a safe haven like gold.

The halving of the reward that BTC miners receive, most recently implemented in April 2024, is a scheduled event that halves the rate of expansion of the BTC supply every 4 years.

As of today, 3.125 BTC are issued as rewards for each block mined on the BTC network, down from the original 50 BTC at launch after four halving events to date.

The bulls or bullish traders of #Bitcoin are aiming for a rally towards US$80,000 in March, with at least three indicators pointing to an increase in bullish momentum. Multiple indicators, including a symmetrical triangle, suggest a prolonged price rally.

A symmetrical triangle forms when the price reaches lower highs and higher lows, compressing into an increasingly narrow range. The next obstacle for BTC is the 50-day EMA near US$74,400. A rejection at that point would weaken the breakout and increase the chances of a pullback towards the 20-day EMA around US$68,700.

The #Bitcoin dropped below US$64,000 following the attacks by the US and Israel against Iran, but it recovered around US$5,000 in 24 hours to around US$67,000/US$68,000. The volatility caused liquidations of about US$657 million in long and short positions.

Despite the rapid recovery, BTC remains trapped in a lateral range for three weeks. The latest surge also comes after a difficult month for the asset. Markets are now dependent on whether the conflict in the Middle East escalates or stabilizes, which could determine BTC's next move.

Bitcoin has recovered by 7.45% in the last two days after falling below $63,000, a key on-chain price support. Despite the rebound, holders who bought between six months and two years ago remain with an average cost of $74,500, a level that now presents itself as a possible turning point.

As BTC rises, the concentration of supply around $74,500 presents itself as a key test for the current trend; a decisive recovery of that level could indicate demand and a shift in the short-term market structure.

Polymarket's predictions see a 75% chance that the price of #Bitcoin will drop below US$55,000. Bets proclaiming the fall of BTC below US$50,000 and US$45,000 now maintain probabilities of 62% and 47% respectively, with trading volumes exceeding US$1.5 million.

While prediction markets may overestimate, the high confidence in prices below US$55,000 aligns with Standard Chartered's projection. The entity forecasts a drop to US$50,000 before any structural recovery towards US$100,000.

Having several exchange rates is often an emergency measure or state control that, although it seeks to protect specific sectors or reserves, ultimately generates serious distortions in the economy. When there are multiple prices for the dollar, the prices in the economy lose their compass.

The gap between a cheap dollar and an expensive one creates profit opportunities without producing anything real. No foreign company will want to bring dollars if, upon entering them, they are paid at an artificially low official value, which is why the market for electronic dollars was created.

The responsible government must make a well-founded decision to avoid currency arbitrage between the BCV dollar, the electronic dollar, and the unofficial dollar. By freeing the exchange rate, those three markets will unify into a single exchange rate that will float according to supply and demand. Currency arbitrage is not established by individuals or legal entities; it is a product of the exchange system established by the government.

According to CryptoQuant, the lows of bear markets take time to form, and it stated that US$55,000 is the true bottom or floor of #Bitcoin . The firm insists that this level represents the realized price, which has historically been an important support zone in previous bear markets.

The realized price is a metric that tracks the average price at which investors have bought a specific cryptocurrency that has been touched during the last two lows of the bear market.

CryptoQuant also points out that its bullish/bearish cycle indicator is solely in the bearish phase, and has not yet entered the extreme bearish segment that typically marks the beginning of a low phase.

The #Bitcoin recovered to US$69,000 yesterday, and the recovery coincided with data showing a steady accumulation by smaller holders in February. Some analysts say the breakout could evolve into a broader bullish trend, although other data suggests a longer period of price consolidation will underlie the emerging bullish trend.

If BTC remains above this recovered level, the next internal liquidity zones are near US$71,500 and US$74,000. The 50 and 100 period exponential moving averages are now compressing below the price on the one-hour chart, reinforcing the possibility that short-term momentum will continue.

The dollar is showing a significant loss of value against other major currencies in the world, and this trend is also reflected in its declining share within the global reserves of central banks.

According to The Economist, in the last 12 months the currency has lost around 10% of its value against other currencies and U.S. stocks denominated in euros have hardly risen in the last year.

Furthermore, the tariff policy of President Donald #Trump is causing investors to massively abandon U.S. assets, which is leading to a drop in the value of bonds, stocks, and the currency itself.

According to CryptoQuant, the break of its 365-day moving average is no longer just a technical signal, it marks a clear entry into a new bearish cycle of #Bitcoin . This slip is inserted in a context of a pullback in institutional demand and degraded on-chain signals.

The bullish momentum now seems to be behind, replaced by a market dynamic structured around caution, waiting, and the risk of a prolonged decline. The change is particularly visible from the U.S. side. Thus, the Coinbase premium remains negative, suggesting that U.S.-based institutional buyers are no longer actively supporting prices.

More than US$2 billion in contracts of #Bitcoin are scheduled to expire today, amid extreme volatility and signs of institutional hedging against bearish risks.

Bitcoin is trading at approximately US$65,000, well below its maximum pain level of US$80,000, the point where the largest number of contracts would expire worthless.

Total open interest in Bitcoin reaches 33,984 contracts, with 21,396 bullish and 12,588 bearish. The 🐻/🐮 ratio of 0.59 indicates a predominance of bullish bets, although positioning shows increasing caution.

Stifel analysts predict that #Bitcoin could fall to US$38,000 using an analogy with the movie The Curious Case of Benjamin Button to explain the bearish forecast. The firm maintains that the relationship between bitcoin and the dollar and global money supply has reversed since 2025, with the cryptocurrency now weakening as the dollar strengthens and liquidity tightens.

Analysts assert that the growing correlation of bitcoin with the Nasdaq and growth stocks, combined with the aggressive rate cuts by the Federal Reserve and rising borrowing costs in the tech sector, could deepen the current decline.

The investor who anticipated the 2008 crisis, Michael Burry, warned that the collapse of #Bitcoin could deepen into a death spiral, pressuring companies that accumulated cryptocurrency and forcing liquidations.

Burry argued that cryptocurrency has been exposed as a purely speculative asset that has failed to function as a hedge against devaluation, unlike precious metals.

Selling pressure is decreasing as the Coinbase Premium indicates a return of demand in the US. Network growth and the recovery of liquidity suggest that the recovery of the bullish trend could return soon.

However, the head of research at Galaxy Digital warned that the recent weakness of #Bitcoin could drop further, approaching the 200-week moving average, near US$58,000, in the coming weeks or months. Among the main factors are the decrease in liquidity and the lack of positive short-term catalysts.

The financial landscape has taken a drastic turn at the end of January 2026. After a historic rally where gold surpassed US$5,500, the precious metal suffered a violent collapse of 8% yesterday, unleashing chaos in safe-haven assets.

The loss of US$85,000 as support has opened the door to a test of deep structural supports of #Bitcoin . A failure to maintain US$75,000 could lead to a capitulation towards US$65,000. Bitcoin spot ETFs recorded net outflows of over US$1.1 billion this week.

GameStop has transferred all its holdings of #Bitcoin to Coinbase's institutional trading platform, which has sparked speculation about the possibility that the video game retailer is reconsidering its treasury strategy with BTC.

A total sale at current prices would result in a loss of about US$76 million in GameStop's bet on BTC, as it purchased its 4.710 BTC at an average price of US$107,900.

As Bitcoin remains stagnant below the death cross, Axie Infinity and its token #AXS surge this week as GameFi ignites and whales accumulate. GameFi tokens are recording double-digit gains this week, led by an impressive weekly increase of 131% in Axie Infinity and a very solid bounce in The Sandbox.

This is the kind of movement that reminds people why they got into cryptocurrencies. The AXS token has gone from complete irrelevance to suddenly becoming one of the hottest crypto assets in the entire market this week.