According to Bitwise's latest Weekly Crypto Market Compass, Bitcoin's price slump driven by heavy crypto ETP outflows and widespread futures liquidations has pushed key valuation metrics into rarely seen discount territory. The report notes that BTC briefly dropped to about $74,700, with nearly 78% of invested capital estimated to be underwater, while sentiment and positioning indicators suggest an increasingly contrarian setup for the broader crypto market.

In a Feb. 1 analysis, CryptoQuant CEO Ki Young Ju argued that Bitcoin’s recent decline is driven by persistent selling pressure and a lack of new capital, as signaled by a flat Realized Cap and weakening liquidity. He said a full-cycle style 70% crash would likely require MicroStrategy to shift from aggressive accumulation to substantial selling, while other on-chain data from CryptoQuant contributors show stablecoin market growth has reversed since December and exchange inflows have faded. At press time, BTC was trading at $78,280 amid what Ki expects could become a broad sideways consolidation phase rather than an immediate capitulation.

SpaceX said it will merge with xAI, aligning Elon Musk's AI startup with the aerospace company to pursue orbital data centers and off-Earth AI infrastructure. Tesla previously disclosed a $2 billion purchase of xAI preferred stock, while questions remain about how the combination could influence any future SpaceX listing.

On Monday, Tether released MiningOS, an open-source and modular Bitcoin mining operating system designed for users ranging from home miners to large institutions. The software, first outlined in plans from June last year, aims to simplify and scale mining while reducing reliance on costly proprietary vendors.

In Q1 2026, Ether (ETH) is down 21% — its third-weakest first quarter — according to CoinGlass, but Fundstrat’s Tom Lee argues the pullback looks attractive amid strengthening fundamentals. He points to record network activity and says weakness stems from leverage not returning since the Oct. 10 crash and capital rotating to precious metals; Lee also noted BitMine bought 41,788 ETH last week.

MOLT is navigating extreme volatility on the Base blockchain as the Moltbook AI social network surpasses 1.5 million agents. Following a 7,000% peak-to-trough surge and a major security patch, analysts are forecasting a potential 2026 price target of $0.025. Discover the key technical levels and market drivers for this emerging AI-exclusive token.

Ark Invest expanded its holdings in Circle, Bitmine, Bullish, Coinbase and Block Inc. as share prices declined on Monday. The firm bought $9.4 million of Circle stock, $6.25 million of Bitmine shares and $6 million of Bullish, while adding smaller stakes of $1.9 million in Block Inc. and $1.25 million in Coinbase. These moves came as crypto-related equities and major coins like bitcoin and ether recorded notable price drops.

Ethereum slid beneath 2,420 and 2,300 and is trying to rebound from the 2,155–2,150 area, but sellers cap recoveries near 2,350–2,365 with the 100 hour SMA overhead. A decisive move above 2,450 and toward 2,600 could open 2,700, while rejection at 2,365 leaves 2,250, 2,220 and 2,150 as key supports.