XRP crashes 15% as crypto markets plunge into “Extreme Fear” territory, wiping out over $1.4 billion in value for traders. 🔗 Source 💡 DMK Insight XRP’s 15% drop to $1.19 signals a critical moment for traders: fear is palpable in the crypto markets. This plunge into ‘Extreme Fear’ territory isn’t just a number; it reflects a broader sentiment shift that could lead to further sell-offs. With over $1.4 billion wiped from the market, liquidity is tightening, and traders should brace for volatility. Key support levels around $1.10 could be tested if this trend continues, making it essential to monitor trading volumes and sentiment indicators closely. On the flip side, this fear could also present a buying opportunity for those looking to accumulate at lower prices, especially if XRP can hold above that support level. Keep an eye on the broader market trends, as correlated assets like Bitcoin and Ethereum are likely to follow suit. If they continue to decline, XRP may struggle to regain momentum. Watch for any signs of recovery or reversal patterns in the coming days, especially as we approach the weekend, which often brings increased trading activity. 📮 Takeaway Watch for XRP to hold above $1.10; a failure to do so could trigger further declines, while a bounce might present a buying opportunity.

Publicly traded crypto exchange Gemini is exiting foreign markets and laying off around 25% of its staff to improve its path to profitability. 🔗 Source 💡 DMK Insight Gemini’s decision to exit foreign markets and cut 25% of its workforce is a stark signal of the ongoing pressures in the crypto space. This move highlights the need for exchanges to tighten their belts amid regulatory scrutiny and declining trading volumes. For traders, this could mean increased volatility as market participants react to the shrinking of a major player. Keep an eye on how this impacts liquidity and spreads, especially in pairs involving Gemini’s offerings. Additionally, the layoffs could lead to a shift in market sentiment, as it raises questions about the sustainability of other exchanges. If you’re trading altcoins or tokens listed on Gemini, monitor their performance closely; a downturn in Gemini’s operations could ripple through those assets. Watch for key support and resistance levels in the broader market, particularly if Bitcoin and Ethereum react negatively to this news. As we look ahead, the real question is whether Gemini’s retreat will prompt similar moves from other exchanges facing profitability challenges. Traders should keep an eye on upcoming earnings reports from competitors for potential insights. 📮 Takeaway Watch for increased volatility in crypto markets as Gemini’s exit could impact liquidity; monitor Bitcoin and Ethereum’s response for broader market sentiment.

Scott Bessent also appeared to empathize with the banking lobby’s concerns about the bill during Senate testimony on Thursday. 🔗 Source 💡 DMK Insight Scott Bessent’s recent testimony highlights a growing tension between regulatory bodies and the banking sector, and here’s why that matters: it signals potential shifts in policy that could impact market stability. As traders, we need to pay attention to how these regulatory discussions unfold, especially since they can influence investor sentiment and market volatility. If the banking lobby successfully pushes back against certain regulations, we might see a short-term rally in financial stocks, but it could also lead to longer-term uncertainty in the crypto space, particularly if regulations become more stringent. Keep an eye on key financial indicators and sentiment metrics as these discussions progress. A sudden shift in policy could ripple through related markets, affecting everything from equities to cryptocurrencies. Watch for any statements from major financial institutions or regulatory bodies in the coming weeks, as they could provide clues on the direction of market sentiment and potential trading opportunities. 📮 Takeaway Monitor regulatory developments closely; any significant policy shifts could impact market volatility and trading strategies in both crypto and traditional finance.

Bitcoin has already tumbled far from its October high, but history suggests the rout could deepen before momentum shifts, according to Stifel. 🔗 Source 💡 DMK Insight Bitcoin’s recent drop from its October high isn’t just a blip—historical patterns hint at further declines ahead. Traders need to pay attention to how past sell-offs have often led to deeper corrections before any real recovery kicks in. If Stifel’s analysis holds, we might see Bitcoin testing lower support levels, which could trigger stop-loss orders and exacerbate the downturn. This could also affect altcoins, as they often follow Bitcoin’s lead. Keep an eye on the broader market sentiment; if fear escalates, it could lead to a flight to safety, impacting liquidity across the board. But here’s the flip side: if Bitcoin manages to hold key support levels, it could set the stage for a rebound. Watch for any bullish divergence on the daily chart, which might signal a shift in momentum. The next few days are crucial—traders should monitor price action closely for signs of capitulation or stabilization. 📮 Takeaway Watch Bitcoin’s support levels closely; a deeper decline could trigger further selling, while signs of stabilization may present buying opportunities.

At a closed-door meeting in Princeton, leading researchers said agentic AI tools now handle up to 90% of their intellectual workload—forcing a reckoning over who, or what, drives scientific discovery. 🔗 Source 💡 DMK Insight So, AI is taking over 90% of the intellectual workload in research, and here’s why that matters: this shift could reshape not just the tech landscape but also the financial markets. As AI tools become more integrated into scientific discovery, sectors like biotech and pharmaceuticals could see accelerated innovation cycles, potentially leading to rapid stock movements. Traders should keep an eye on companies heavily invested in AI technologies or those that could benefit from faster research and development timelines. But there’s a flip side—this reliance on AI could raise ethical concerns and regulatory scrutiny, which might create volatility in stocks tied to AI advancements. If researchers start to question the role of AI in their work, it could lead to a backlash against companies that heavily promote AI-driven solutions. Watch for any regulatory announcements or public sentiment shifts that could impact AI-related stocks. The next few weeks could be pivotal as these discussions unfold, so keep your charts ready for any sudden price movements in related sectors. 📮 Takeaway Monitor biotech and AI stocks closely for volatility as the debate over AI’s role in research heats up—key levels to watch are recent highs and lows.

Shares in publicly traded Ethereum treasury firm BitMine Immersion Technologies have fallen to a seven-month low as unrealized losses mount. 🔗 Source 💡 DMK Insight BitMine’s shares hitting a seven-month low signals deeper issues in the Ethereum ecosystem. With ETH currently at $1,813.29, traders should be wary of how BitMine’s struggles could reflect broader market sentiment. Unrealized losses can lead to forced selling, which might pressure ETH prices further. If BitMine’s situation worsens, it could trigger a ripple effect, impacting other Ethereum-related assets and projects. Watch for key support levels around $1,750; a break below could signal increased bearish momentum. On the flip side, if ETH holds above this level, it may attract bargain hunters looking for a rebound. Keep an eye on institutional buying patterns as they could indicate confidence in Ethereum’s long-term viability despite short-term volatility. 📮 Takeaway Monitor ETH’s support at $1,750; a break could lead to further declines, while holding above may attract buyers.

Top markets on Myriad this week include predictions on Bitcoin and Ethereum’s next respective stops, plus the outcome of Super Bowl LX. 🔗 Source 💡 DMK Insight Ethereum’s current price at $1,813.29 is a pivotal point for traders looking to capitalize on market predictions. With Bitcoin and Ethereum both in the spotlight, the sentiment around these assets is heavily influenced by broader market trends and upcoming events like Super Bowl LX, which could sway retail interest. If ETH can hold above $1,800, it may attract more buyers, but a drop below could trigger stop-loss orders and further selling pressure. Traders should keep an eye on volume trends and RSI levels to gauge momentum. The flip side is that if Bitcoin shows strength, it could pull Ethereum up with it, creating a bullish scenario. Conversely, if Bitcoin falters, Ethereum might follow suit, leading to potential cascading effects across altcoins. Watch for ETH to test resistance around $1,850, as a breakout could signal a more sustained rally. Immediate focus should be on how ETH reacts to these levels in the coming days. 📮 Takeaway Monitor Ethereum’s price action around $1,800 and $1,850; a breakout above could signal a bullish trend, while a drop below may trigger selling.

The price of Bitcoin crashed below $63,000 on Thursday, not far above the average production cost of publicly traded miners. 🔗 Source 💡 DMK Insight Bitcoin’s drop below $63,000 is a critical moment for miners and traders alike. With the price hovering near the average production cost for miners, we could see a wave of selling pressure if these operators start to capitulate. This level is pivotal; if Bitcoin can’t reclaim it soon, we might witness a broader market correction. Traders should keep an eye on miner sentiment and production costs, as they can signal whether the market is heading for a rebound or further decline. Additionally, watch for correlated assets like Ethereum, which often follow Bitcoin’s lead. If Bitcoin continues to struggle, it could drag down altcoins as well, creating a cascading effect across the crypto market. Here’s the thing: if Bitcoin breaks below this level significantly, it could trigger stop-loss orders and panic selling, pushing prices even lower. So, monitor the $63,000 mark closely—it’s not just a number; it’s a potential tipping point for market dynamics. 📮 Takeaway Watch the $63,000 level closely; a sustained drop below could trigger further selling pressure from miners and impact the broader crypto market.

Michael Saylor called his firm a “digital fortress,” but leading Bitcoin treasury Strategy has taken some serious hits in recent months. 🔗 Source 💡 DMK Insight Saylor’s ‘digital fortress’ is showing cracks, and here’s why that matters for Bitcoin traders: The recent performance of Bitcoin treasuries, particularly Saylor’s strategy, highlights a growing concern among institutional investors. As Bitcoin’s volatility continues, firms heavily invested in it are feeling the pressure, which could lead to a reevaluation of their positions. If Saylor’s firm, known for its aggressive Bitcoin accumulation, starts to offload or adjust its strategy, it could trigger a wave of selling across the market, impacting prices significantly. Traders should keep an eye on Bitcoin’s support levels; a breach below key thresholds could signal further downside. Moreover, this situation raises questions about the sustainability of Bitcoin as a corporate treasury asset. If major players like Saylor’s firm struggle, it could deter other institutions from adopting similar strategies. Watch for any announcements from Saylor’s firm regarding their holdings or strategy adjustments, as these could serve as critical indicators for market sentiment and price movements in the coming weeks. 📮 Takeaway Monitor Bitcoin’s support levels closely; any significant selling from Saylor’s firm could trigger a broader market downturn.