Crypto News

By Omkar Godbole (All times ET unless indicated otherwise)If you follow financial markets, you've probably come across the terms "risk-on" and "risk-off." Now we seem to be entering a new era of "tariffs on/tariffs off."In a risk-on environment, growth-sensitive assets like stocks and cryptocurrencies tend to rise due to expectations of economic expansion or accommodative monetary policy. Conversely, risk-off situations reflects a lack of investor confidence, leading to sell-offs and a preference for safer assets.But this week, President Trump's tariffs announcement have single-handedly guided markets. Early Monday, bitcoin (BTC) plummeted to nearly $91,000 as Canada and Mexico retaliated against Trump's tariffs. That was "tariffs on" trading.Later, it rebounded above $100,000 after Trump paused the Mexico tariffs for the 30 days...

The new "Zero Plan" costs nothing and gives users 3GB of data, 300 texts and 100 minutes of calls to use each month, for free.Source link

The ETF trading week began with a slight shift in investor sentiment, as capital moved away from bitcoin ETFs and favored ether ETFs. Bitcoin ETFs Lose $235 Million While Ether ETFs Attract $83.5 Million On Monday, Feb. 3, the U.S. spot exchange-traded fund (ETF) trading action saw investors leaning more toward ether ETFs than bitcoinSource link

Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days.According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms had stocked up on equipment in anticipation of this event, ensuring their operations remained competitive; however, analysts now expect a slowdown in hashrate growth.Hashrate measures the computational power used to secure the bitcoin network through mining, and a higher hashrate signifies greater network security.According to The Miner Mag, the network has seen a significant rise in hashrate over the past 18 months, driven largely by institutional...

The outlook for alternative cryptocurrencies appears grim relative to bitcoin as a renewed trade war potentially breaking out between the U.S. and its major trading partners may threaten to destabilize the global economy. Still, some coins are flashing bullish hints. For instance, the XRP/BTC ratio is teasing a move above the upper Bollinger band on the monthly chart for the first time since 2017, hinting at a significant XRP bull run ahead.Bollinger bands are volatility bands placed plus two and minus two standard deviations above the 20-period (day/week/month) simple moving average of an asset's price.The break above the upper band represents a bullish imbalance in the market, and prices typically maintain the lead for several days in a pattern called...