BlockWire

Bitcoin Hits $70k as "Safe-Haven" Rotation Replaces ETF Fear: Bitcoin $BTC successfully reclaimed the $70,153 level this morning, shaking off a volatile "February Slide" that saw prices dip as low as $60,000. While traditional markets are reeling from oil prices spiking to $108 per barrel and escalating Middle East tensions, BTC has begun outperforming US stock indices, which both fell over 1% today. Analysts at @CFBenchmarks note that "mechanical unwinds" of short positions and exhaustion among long-term sellers have created "coiled energy," potentially setting the stage for a run toward $80,000 by June.

Bitcoin Reclaims $71k Amid Geopolitical Pivot: Bitcoin $BTC has staged a significant intraday recovery, currently trading at $71,440 after rebounding from a session low of $67,958. The 4.3% surge today is being partially attributed to a "safe-haven" rotation as investors monitor the escalating water crisis and geopolitical tensions in Iran, which have begun to ripple through global commodity markets. While Bitcoin analysts note the market is still in a phase of range-bound consolidation, the successful defense of the mid-$60k support zone has shifted the near-term technical posture back toward the bulls.

The BlockWire team is traveling to @EthereumDenver today. DM for meet ups!

"Big Short" Investor Cautions on Robinhood: Famed investor Steve Eisman issued a warning today regarding fintech platforms with high crypto exposure, specifically favoring Charles Schwab $SCHW over Robinhood $HOOD. Eisman noted that Robinhood’s "lofty" valuation and its reliance on crypto trading leave the company with "no margin for error" as the current market slump directly impacts its earnings and net new assets.

@Bitcoin has nosed dived from its peak today of $90.2k and is currently waddling around $85.8k. Mixed US jobs report and focus shifting to Thursday's big inflation data. The Highlights: Bitcoin: $85,881 (-2.27%) The Fed: @realDonaldTrump is interviewing Christopher Waller for Fed Chair today Risk Watch: Analysts warn that "tax-loss selling" could still pressure BTC toward $83,800 or even $80,000 before the year ends.

CRYPTO TAKEOVER REJECTED @juventusfc' owners, the @Agnelli family, have rejected an approximate $1.2B buyout offer from crypto giant Tether ($USDT issuer). John Elkann (@ExorTreasure CEO): "Juventus, our history and our values are not for sale." The family, which has controlled the Italian giants for 102 years, is standing firm against the growing trend of foreign investment and crypto firms buying into European football.

@realDonaldTrumpsays says he’s looking to pardon @SamouraiWallet CEO @keonne, who was just sentenced to 5 years for running an unlicensed crypto-mixing service that laundered $237M in criminal funds. Samourai's tools (@whirlpoolusa, @Ricochet) were actively promoted for money laundering for bitcoin. If Trump follows through, he would further strengthen his pro-crypto stance and sets the stage for a major debate over privacy tools vs. money laundering laws.

Wall Street goes on-chain: @jpmorgan, the world's largest systemically important bank, just debuted its first tokenized money market fund ($MONY) on the public Ethereum network. This move is a huge leap in institutional comfort with using public blockchain infrastructure for traditional assets.

$790 Billion research firm Bernstein just shattered the classic rulebook: 4-Year Cycle is DEAD: They say the old boom-and-bust cycle is broken forever. The New Era: Institutional money (big banks, funds) is now driving an "elongated bull market" that's more stable. New Target: They raise their 2026 forecast to $150,000 as institutional buying offsets retail panic selling. What do you think about the 4 year cylce, is it dead?

BITCOIN JUMPS 11% TO OVER $93,000 The surge follows the Federal Reserve ending QT and injecting $38.5 billion in market liquidity. Adding to the momentum: Investment giant @Vanguard_Group has opened its platform to third-party crypto ETFs for the first time.

AGI THREATENS TO END DAY TRADING Analysts warn that Artificial General Intelligence (AGI) could become the "last market maker," pushing human day traders out of the market. Over 70% of crypto trading is already automated. AGI would combine all market data for near-perfect predictions, leading to a "Perfect Efficiency Paradox" where volatility and trading opportunities disappear as prices adjust instantly. The trading edge is dying.

@EricTrump tried to calm investors after his crypto firm, American Bitcoin ($ABTC), saw its stock plunge as much as 51% today before recovering slightly to a 34% drop. As co-founder, he called the "fundamentals ... virtually unmatched" and blamed the drop on early investors cashing out unlocked shares.

Kevin Hassett's odds of being chosen by President Trump to replace Fed Chair Powell have jumped to 75% on @Polymarket.

@jpmorgan: Fed to cut rates in December as economy softens.

Thursday post: @Bitcoin's price journey has been unbelievable. The Exponential Rise: 2020: ~$18,920 2021: ~$58,970 2022: ~$16,560 (The Modern Era) 2023: ~$37,300. 2024: ~$69,800. 2025 (Today): ~$90,000.

@Bitcoin & @ether crashed ~10% today, pushing the market toward April's lowest. The main problem is a lack of buyers, which started after the big crash in October and is causing prices to drop more. Fear is at a level not seen since mid-2023. Alts like $INJ & $NEAR are down 16-18%. The bottom line is thin markets mean BIG swings.

@Bitcoin & @ether crashed ~10% today, pushing the market toward April's lowest. The main problem is a lack of buyers, which started after the big crash in October and is causing prices to drop more. Fear is at a level not seen since mid-2023. Alts like $INJ & $NEAR are down 16-18%. The bottom line is thin markets mean BIG swings.

ETH Denver, Let’s ride