Trading

According to TradingView, Bitcoin whipsawed around the U.S. market open after January nonfarm payrolls beat forecasts, briefly spiking toward $69,000 before sliding to a loss of more than 4%. CME Group's FedWatch Tool showed March rate‑pause odds above 90%, while some traders continued to eye a potential pullback toward $50,000.

Bitcoin briefly rallied around 13:30 after the Bureau of Labor Statistics released its delayed January jobs report, touching roughly $67,400 before easing. The NFP showed 130,000 jobs added versus a 65,000–75,000 consensus, and unemployment dipped to 4.3%. A separate benchmark revision removed 898,000 jobs between April 2024 and March 2025.

During Wednesday's market sell-off, Cardano's price fell 3.63% in 24 hours to $0.254 while futures volume on BitMEX spiked 39,366% to $120.22 million. Overall derivatives activity in ADA still declined 7.97% to $709.08 million as the token tested support near $0.25 amid broader risk-off moves linked to upcoming U.S. economic data.

On Tuesday, Chart Nerd highlighted monthly Gaussian Channel fractals that could steer XRP toward $0.70–$1. On Wednesday, the token traded at $1.36 after nearly a 63% pullback from the $3.66 peak, with a break below $1 still on the table, per Crypto Patel. Institutional ETF inflows and whale activity may offset downside risk.

Ripple is reportedly moving toward an IPO with an estimated valuation near $40 billion, while XRP trades in a key technical zone highlighted by Elliott Wave analysis and strong demand between $1.00 and $1.20. Analysts point to resistance around $1.65–$1.70 and a potential move toward $2.50–$3.30 if a breakout occurs, as a recent transfer of over 116 million XRP between Kraken and Binance adds to short-term market speculation.

Bitcoin fell to $66,000, extending its slide from $68K, while silver rallied 6.6% to $85.98 after reversing a prior 3% decline. Gold climbed to $5,111.30, up 1.8%, as the dollar touched a two-week low ahead of U.S. jobs data. Rate expectations and cross-asset moves highlighted renewed demand for metals over yield-sensitive assets.

Bloomberg Intelligence strategist Mike McGlone argues that the roughly 45% drawdown in the Bloomberg Galaxy Crypto Index between 2025 and 2026 mirrors the Dow Jones Industrial Average’s slide during the 1929-30 crash and could mark a cyclical low for digital assets. He also notes a breakdown in the crypto-versus-metals ratio and says Bitcoin’s strong 2025 advance may foreshadow weaker relative performance against gold, silver, and other metals into 2026, while Bitcoin trades near $66,981.71 with notable short-term losses.

XRP has declined 15% over seven days, 26% over two weeks, and more than 40% over the past year; the article also notes a Fear and Greed Index reading of 7 yesterday. The review traces price points from 2018 through July 2025 and discusses Ripple, RLUSD, token concentration, and why XRP's value may not track the company's growth.

The Solana-based AI-meme hybrid Pippin (PIPPIN) has emerged as a top performer today, posting a sharp 26% gain while the broader crypto market faces downward pressure. While the rally has ignited social media FOMO, derivatives data and liquidity clusters suggest that the move may be a sophisticated "bull trap" designed to liquidate late-entry long positions.

LayerZero (ZRO) has captured the market's attention with a massive rally, soaring over 15% in 24 hours to outperform the broader crypto sector. The surge is driven by the announcement of 'Zero,' a high-performance Layer-1 blockchain backed by Citadel Securities and ARK Invest, signaling a major move toward institutional-grade on-chain finance.