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Bitcoin Faces New Purge Risk as Bear-Market Losses Trail 2022 by $35B

Bitcoin’s bear-market narrative remains unsettled as on-chain data shows realized losses in the 2026 downturn have yet to surpass the peak hit during 2022, even though the market’s dollar-denominated value sits higher. Analysts warn that a fresh phase of capitulation could still materialize before bulls find a durable bottom, highlighting a complex tug-of-war between stubborn retail conviction and displaced institutional selling. Key takeaways Bitcoin’s 2026 realized losses have not yet exceeded the 2022 peak of about $211 billion, despite a higher market cap in USD terms. Analysts suggest a new round of loss-making market exits may be needed to preserve historical bear-market patterns. Retail conviction remains notably high, even as macro catalysts push prices lower, complicating the conventional bear-market bottom story. Institutions have tended to sell into relief rallies, potentially delaying a capitulation-driven bottom and rebalancing supply-demand dynamics. The market may requir...
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Bhutan Bitcoin Transfers Add Pressure as BTC Faces Key Support Test

Fresh on-chain activity from Bhutan-linked Bitcoin wallets has added pressure to an already weak crypto market. Several large Bitcoin transfers emerged within a single day, while analysts projected deeper downside risks. Meanwhile, Bitcoin continued trading near critical support levels after recent macroeconomic developments triggered renewed selling pressure. Bhutan Government-Linked Wallets Move Over $67 Million in Bitcoin Blockchain tracking data showed multiple Bitcoin transfers from wallets linked to Bhutan on Saturday. The transactions totaled more than 1,095 BTC and exceeded $67 million in value. The transfers attracted attention during a period of heightened market volatility. The largest transfer involved nearly 365 BTC, valued at approximately $22.26 million. Other notable transactions included 188 BTC and 150 BTC, worth over $20 million combined. Several smaller transfers ranged from 1 BTC to more than 100 BTC. The cumulative value of the identified transactions surpassed $6...
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Bitcoin hits its most oversold level since 2020 crash, eyes $70K

Bitcoin is trading amid unusually deep selling pressure, with on-chain momentum and widely watched momentum indicators signaling an extreme oversold state. The daily relative strength index (RSI) has slid toward the mid-teens, marking the most oversold reading since the March 2020 COVID crash. After a roughly 30% drop over the last month, bulls are clinging to the $60,000 level as analysts weigh whether a meaningful relief rally could unfold in the near term. Key takeaways: Bitcoin’s daily RSI sits near 15.5, its lowest level since the COVID-era selloff in March 2020. Historical precedents show that similar oversold readings in 2020 and February 2026 preceded notable rebounds of roughly 50% and 30%, respectively. BTC has held above $60,000 despite heavy selling, with a potential move toward the 20-day exponential moving average near $70,650 if demand returns. A decisive break below $60,000 could open the door to a deeper slide into the mid-$50,000s, undermining the bounce setup. On-cha...
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Top 3 Altcoins to Buy Amidst CLARITY Act’s Passing: TAO, SUI, and SOL

Key Insights Bittensor (TAO) becomes a prominent decentralized AI network gaining more industry traction Sui (SUI) concentrates on free stablecoin transfers and efficient movement of digital assets Solana (SOL) attracts continued institutional interest while producing high ecosystem revenue In addition to Washington's ongoing efforts on the CLARITY Act, the crypto investing community is carefully watching the latest moves that might bring about changes in regulation. According to many market analysts, regulatory clarity may lead to more institutional investment and better stability in the cryptocurrency ecosystem. Despite some lingering uncertainties, there are many blockchain projects that show significant growth in terms of development and adoption. Some of the interesting projects include Bittensor (TAO), Sui (SUI), and Solana (SOL). These projects cover significant markets, and their success may be influenced positively by any regulatory clarity coming from the US. TAO — ...
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Ethereum Store Value Debate Heats Up as Analysts Question ETH’s Monetary Value and Market Performance

Key Points The success of Ethereum going forward may depend on ETH’s ability to hold long-term monetary value With the development of Layer-2 networks, there is debate regarding the impact of Ethereum’s adoption on ETH’s value Weakness in ETH prices and lower support levels have raised questions about Ethereum’s economic model Identity of Ethereum Undergoes Scrutiny Again Questions have emerged once more about whether Ethereum serves as a good store of value as stakeholders analyze the link between the success of the Ethereum network and the intrinsic value of ETH. This discussion came into focus when comments from one of the co-founders of Bankless were widely shared within the cryptocurrency community. In his comments, Ethereum was said not to be distinct from its underlying asset. This point led some people to believe that backing the future of Ethereum while disregarding its value was contradictory. This triggered further discussion from different quarters about the economic ...
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Ethereum Store Value Debate Heats Up As Analysts Question ETH’s Monetary Value and Market Performance

Key Points The success of Ethereum going forward may depend on ETH’s ability to hold long-term monetary value With the development of Layer-2 networks, there is debate regarding the impact of Ethereum’s adoption on ETH’s value Weakness in ETH prices and lower support levels have raised questions about Ethereum’s economic model Identity of Ethereum Undergoes Scrutiny Again Questions have emerged once more about whether Ethereum serves as a good store of value as stakeholders analyze the link between the success of the Ethereum network and the intrinsic value of ETH. The discussion came into focus when comments from one of the co-founders of Bankless were widely shared within the cryptocurrency community. https://x.com/BSCNews/status/2062767370868048228?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2062767370868048228%7Ctwgr%5E0f9175ae42a2d3539fe8d7bc0d5d78e34699cb31%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcryptonewsland.com%2Fethereum-store-value-debate-fuels-eth-market-...
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Kraken Enables SpaceX IPO Access via xStocks

Kraken is expanding access to a SpaceX IPO through its tokenized equities platform, xStocks, highlighting a broader push to blend crypto-style trading rails with traditional capital markets. SpaceX will be the first public offering available via xStocks IPO Access, with eligible Kraken users able to apply for IPO participation directly in the mobile app. The move underscores the growing willingness of crypto-enabled platforms to anchor mainstream equity events in tokenized form. Participation through IPO Access requires a verified Kraken account on the company’s mobile app, and the offering is not accessible via Kraken Pro or the desktop platform. Kraken says the service is available across the European Economic Area and more than 110 international markets, though regulatory constraints exclude participation from the United States, Canada, Australia, and the United Kingdom for now. Under the tokenized structure, investors who receive an allocation will be issued SPCXx, a tokenized repr...
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