Solana’s recent price movement has sparked discussions about its potential bounce back from the critical $130 support level, especially as market sentiment wanes. As SOL reaches a key Fibonacci retracement
Bitcoin’s recent plunge to $88,000 has sparked significant panic within the market, drawing attention to the behaviors of both short-term and long-term holders. As traders react to this volatility, mixed
UK Government Proposes Bill to Recover Proceeds of Crypto Crime Strengthening Legal Capabilities The UK government has laid before parliament the Crime and Policing Bill, which strengthens the country’s ability to recover and confiscate cryptocurrency assets used in criminal activities. This is at a time when there are growing fears that digital currencies have been exploited to enable organized crime, fraud, and money laundering. The bill broadens the jurisdiction of UK courts by setting out precise procedures for the valuation and confiscation of cryptocurrency linked to crime. The Crown Court will gain increased authority to issue orders for seizure, enabling the police to move rapidly against criminals attempting to hide assets in digital wallets. The legislation also deals with broader criminal justice issues, such as anti-social behavior, sexual crimes, public order, and terrorism, but specifically targets dealing with financial crimes via cryptocurrency. Crypto-Specific Measures One of the most important provisions in the bill is the destruction of seized cryptocurrency assets. When a court orders digital assets to be destroyed, their value at the time of destruction will be recorded, leaving space for the possibility of adjustment in case of changes in the value. The provision takes into consideration that even where crypto assets are lost or removed, their financial worth is still recorded in court documents. Additionally, Section 215ZA of the bill modifies existing confiscation order law. The modification replaces references to the magistrates’ court with the proper court, making the Crown Court have jurisdiction for cryptocurrency seizures. This modification harmonizes crypto-financial crime enforcement with other asset seizures of high value. Enhancing Confiscation Procedures The Crime and Policing Bill aims to streamline and strengthen how the police handle criminally obtained cryptocurrency. Through clearer legal guidelines on seizure, valuation, and recovery, the UK government is attempting to deter criminals from using the decentralized nature of digital currency. Also, the amendments will increase the ability of courts to tackle confiscation orders such that cryptocurrency can be efficiently traced and retrieved. With cryptocurrency becoming more engaged in financial crimes, this bill is a significant move towards overhauling the UK’s legal system to tackle new threats in the crypto space. If enacted, the bill will give powers to the authorities to act more firmly against criminals employing cryptocurrency, solidifying the UK’s position on fighting digital financial crimes.
Bitcoin ETFs are experiencing significant outflows as the market grapples with falling crypto prices amid heightened macroeconomic uncertainty. On Tuesday, spot Bitcoin exchange-traded funds (ETFs) witnessed over $1.1 billion in
Bitcoin investors are bracing for further declines as the recent decline in the BTC price has led to increased hedging activity, according to some analysts. As the so-called “Trump coup” fades in financial markets, Bitcoin options data suggests investors are positioning themselves against a potential drop to $70,000, a level last seen shortly after the U.S. election. Bitcoin has fallen nearly 20% from its all-time high since Donald Trump took office in January. Trump’s confrontational approach to geopolitical allies and rivals has fueled the decline, making investors nervous. Additionally, concerns about persistently high inflation have further weighed on market sentiment. The cryptocurrency sector also suffered a major setback last week when the Bybit exchange was hacked to record levels. Related News: Bybit Hack Gets Complicated - Binance Founder Changpeng Zhao Issues New Statement on the Attack “Tariff policies are further deteriorating the outlook and stubbornly high near-term inflation expectations are adding to the overall caution,” said Chris Newhouse, research director at Cumberland Labs. “The Bybit exchange hack has added additional downward pressure on the price and weighed on sentiment.” The four-day drop of nearly 13% is the biggest drop since August. “Ethereum in particular has felt the brunt of the Bybit incident, driving up volatility,” Newhouse said, adding, “Solana itself is giving up gains seen over the last few months, catalyzed by the pause in the memecoin craze.” As investors move in an increasingly cautious environment, many are choosing to wait and exit cryptocurrencies amid market uncertainty. “The crypto market is still searching for a new catalyst to reverse the downtrend,” said Ravi Doshi, co-head of markets at crypto brokerage FalconX. *This is not investment advice. Continue Reading: Analysts Speak After the Decline: What Do They Expect in Bitcoin? What Does Options Data Show?
Bitcoin prices are experiencing significant declines due to economic uncertainty. Trump's tariffs and digital tax policies are leading to market chaos. Continue Reading: Bitcoin Prices Plummet as Economic Turmoil Unfolds The post Bitcoin Prices Plummet as Economic Turmoil Unfolds appeared first on COINTURK NEWS .
Bitcoin ETFs are shedding assets as crypto prices plummet amid a looming trade war and other macroeconomic uncertainty.
In a significant market movement, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest-ever daily net outflows, totaling $937.9 million on February 25. This marked the sixth consecutive trading day of outflows, coinciding with Bitcoin’s price dipping below the $90,000 threshold. ETF Exodus Amidst Bitcoin Price Decline The substantial outflows from these ETFs occurred as Bitcoin’s value decreased by 3.4% over the previous day, reaching a 24-hour low of $86,140 from an intraday high exceeding $92,000. Leading the outflows was the Fidelity Wise Origin Bitcoin Fund (FBTC), which saw a record-setting withdrawal of $344.7 million. BlackRock’s iShares Bitcoin Trust (IBIT) followed with an outflow of $164.4 million. Other notable outflows included $88.3 million from the Bitwise Bitcoin ETF (BITB) and a combined $151.9 million from Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC). Cumulatively, these 11 Bitcoin funds have experienced over $2.4 billion in net outflows throughout February, with only four days recording net inflows. Industry Perspectives on the Outflows Nate Geraci, President of the ETF Store, expressed his astonishment at the traditional financial sector’s aversion to Bitcoin and cryptocurrencies. In a February 26 post on X (formerly Twitter), he remarked, “Still amazed at how much TradFi hates Bitcoin and crypto. Huge victory laps at every downturn. Hate to break it to you, but no matter how big drawdowns are, it’s not going away.” Analysts such as BitMEX co-founder Arthur Hayes and 10x Research’s head of research, Markus Thielen, suggest that the majority of Bitcoin ETF investors are hedge funds engaging in arbitrage strategies rather than long-term holders. Hayes predicted on February 24 that Bitcoin’s price could decline to $70,000 due to continued ETF outflows. He explained that many IBIT holders are hedge funds that went long on ETFs while shorting CME futures to earn yields higher than short-term U.S. Treasurys. As these yields diminish alongside Bitcoin’s price, these funds may unwind their positions, impacting the market further. Thielen’s research indicates that over half of spot Bitcoin ETF investors are involved in arbitrage, selling ETFs while buying Bitcoin futures to maintain a market-neutral stance. This strategy effectively offsets any directional market impact, suggesting that the outflows may not directly correlate with a long-term bearish outlook for Bitcoin. Summary U.S. spot Bitcoin ETFs saw their largest-ever daily net outflows of $937.9 million on February 25. This marked six consecutive days of outflows , with Bitcoin’s price dropping below $90,000.The Fidelity Wise Origin Bitcoin Fund (FBTC) led the withdrawals with $344.7 million in outflows. Other major funds, including BlackRock’s IBIT and Grayscale’s GBTC, also experienced significant withdrawals. Over $2.4 billion in net outflows have been recorded across 11 Bitcoin ETFs in February. Analysts believe hedge funds engaging in arbitrage strategies are behind these outflows rather than long-term holders. Arthur Hayes predicts Bitcoin could drop to $70,000 due to continued ETF outflows. Market sentiment remains cautious, but some experts argue this trend does not indicate a long-term bearish outlook.
BITCOIN DROPS BELOW $83K 💰Coin: Bitcoin ( $BTC ) $82,870.30
Judge rejects stablecoin operator’s concern that Swan Bitcoin could divulge proprietary information