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В республике Карачаево-Черкесия власти закрыли майнинговую ферму на 12 устройств. Ущерб энергетическому комплексу региона превысил 375 000 рублей, объявили специалисты госкомпании «Россети Северный Кавказ».

Инвесторы массово продают криптовалюту, чтобы получить наличные, превратив биткоин «в банкомат», заявил глава отдела аналитики New York Digital Investment Group (NYDIG) Грег Чиполаро (Greg Cipolaro).

Платформа GoMining, предлагающая токенизацию майнинговой мощности при помощи невзаимозаменяемых токенов (NFT), совместно с производителем часов Jacob & Co. планирует выпустить механические часы с функцией контроля за добычей биткоинов.  

Федеральный суд Австралии наложил штраф в размере $14 млн на компанию BPS Financial за продвижение и эксплуатацию криптопродукта Qoin Wallet.

Cardano founder Charles Hoskinson used the opening of a Midnight workshop in Sapporo (Japan tour) on Jan. 25 to frame Midnight as Cardano’s “crown jewel” and a missing primitive for mainstream crypto adoption, arguing the privacy layer is positioned to outpace incumbent privacy-focused networks within 12 months.

Why Cardano’s Midnight ‘Eclipses’ All Privacy Projects

Hoskinson told attendees that while crypto spent the past decade perfecting transparent ledgers, it never built a first-class “private side” that real businesses and regulators can work with. “When you have the yin and yang, well, we only built one side of the yin and yang. We only built the transparent side. We didn’t build the private side,” he said. “So the challenge is that blockchains, every single one of them, they’re missing something. They’re missing a component that’s required for real-life business.”

In his telling, the gap sits at the intersection of privacy-enhancing technology (PET), compliance, and an emerging “abstraction” stack aimed at making crypto usable without forcing consumers to learn how blockchains work. Hoskinson argued that regulated activity like KYC/KYB/AML requires selective disclosure, but public chains force a tradeoff between compliance and privacy. “If you share information about yourself on a public network, everyone in the world, everywhere in the world, gets to see that,” he said. “That doesn’t make any sense. That doesn’t make sense to do commerce.”

He extended the same logic to intent-based execution and account abstraction-style UX, where users describe outcomes and a solver network routes liquidity and settlement across chains. “If I know your intentions, I can trade against you,” Hoskinson said, warning that revealing price bounds or execution constraints invites adverse selection. “Never tell me your intention because I can use it against you. So, intentions also require privacy.”

Midnight, he said, is designed to supply those primitives without demanding wholesale migration to a new Layer 1. Hoskinson described the network as built for “hybrid applications” across multiple ecosystems, claiming Midnight’s launch architecture connected it to “eight different ecosystems, seven different blockchains,” so users can stay on chains like Solana, Cardano, Bitcoin, or Ethereum while invoking Midnight’s privacy features.

He also positioned Midnight as a catalyst for Cardano’s DeFi ambitions, acknowledging a participation gap between staking and on-chain application usage. “There’s 1.4 million people staking, but only about 50,000 people participating on a monthly basis in our DeFi ecosystem,” Hoskinson said, adding that the next phase is to upgrade a subset of leading Cardano dApps so they can tap Midnight and market privacy-native products—such as private DEXs, prediction markets, or stablecoins—to users from other ecosystems.

On rollout, Hoskinson said the first stage of Midnight launched in December and that the first mainnet is “very soon” to follow. He highlighted what he characterized as an unusually retail-heavy distribution: “We never sold a single token. We just gave it away,” he said, claiming ADA holders received more than 50% of supply and that early trading activity surpassed $9 billion in volume and more than $1 billion in value.

Hoskinson closed with his boldest projection: “Within a year, Midnight is going to eclipse anybody in the privacy space because we know how to solve these problems,” he said, attributing the edge to the depth of Cardano’s research bench.

“Because we hired 168 scientists, and they happen to have spent the last four decades of their life chasing this. One of the guys working on this wrote the first computer game online. He was at Stanford when they were building the internet, […]. He wrote Pong, and it was the first online game. That’s the legacy we have. Now, 40 years later, he’s a fellow in the Royal Society, the same society that Sir Isaac Newton was a member of. He’s working on this, as is that 22-year-old graduate student, as is the developer here in Japan, and everyone in between, and that’s why we’re going to win. It’s not a US cryptocurrency. It’s global,” Hoskison said.

At press time, ADA traded at $0.3512.

60% крупных американских банков уже предоставляют либо планируют предложить клиентам услуги, связанные с биткоином, включая торговлю и хранение, заявили аналитики компании River со ссылкой на свое исследование.

В среду, 28 января, в Москве компания «Вэйморр» проводит закрытую конференцию для майнеров WAYMORR Event 2.0.

Bitcoin treasury company Strategy has unveiled its latest purchase of the cryptocurrency, this time tokens worth a total of $264.1 million.

Strategy Has Expanded Its Bitcoin Treasury By 2,932 BTC

In a new post on X, Strategy co-founder and chairman has shared the details related to the latest Bitcoin acquisition from the company. In total, the new purchase has added 2,932 tokens to the firm’s treasury at an average price of $90,061 per token.

According to the filing with the US Securities and Exchange Commission (SEC), the buy took place between January 20th and 25th. Strategy funded the $264.1 million acquisition using proceeds from its STRC and MSTR at-the-market (ATM) stock offerings.

In the last two weeks, the company has made purchases involving a substantial size. Last week, the company added Bitcoin worth $2.13 billion, while the week before that, it spent $1.25 billion on the cryptocurrency. Compared to these, the latest buy isn’t too big, but nonetheless showcases continued resolve for accumulation from Saylor’s firm.

Following the latest purchase, Strategy’s Bitcoin reserves have grown to 712,647 BTC, equivalent to about 3.57% of the asset’s total circulating supply. Currently, these holdings are worth around $62.23 billion, up nearly 15% over the company’s investment of $54.19 billion.

Strategy is the largest digital asset corporate holder in the world, with its closest competition being Bitmine, a BTC mining company that pivoted to an Ethereum treasury strategy last year.

According to a Monday press release, Bitmine has also participated in accumulation during the past week, adding 40,302 ETH ($116.5 million) to its holdings. The firm’s total treasury reserve has now risen to 4,243,338 ETH ($12.24 billion), corresponding to a supply share of 3.52%.

Recently, Bitmine has been putting its Ethereum toward staking to earn a passive interest on its holdings. In the past week, the company has increased its locked stake by 171,264 ETH, taking total staked supply to more than 2 million tokens. “Bitmine has staked more ETH than other entities in the world,” said Tom Lee, Bitmine chairman.

In some other news, Bitcoin spot exchange-traded funds (ETFs) saw a high amount of net outflows in the past week, according to data from SoSoValue.

As displayed in the above graph, the weekly Bitcoin spot ETF netflow measured at -$1.33 billion last week. This is the highest outflow that these investment vehicles have witnessed since the end of February 2025.

Just a week prior, the market situation was the complete reverse, as spot ETFs saw net inflows amounting to $1.42 billion. The latest streak of outflows, however, have nearly entirely retraced this growth.

BTC Price

At the time of writing, Bitcoin is floating around $88,000, down more than 5% in the last seven days.

Американская компания Circle, выпускающая стейблкоины USDC, подверглась критике за неспособность своевременно блокировать украденные цифровые активы.

Сооснователь Fundstrat Global Advisors и председатель компании BitMine Immersion Technologies Том Ли (Tom Lee) признал, что криптовалютный рынок значительно ослаб, и объяснил произошедшее в первую очередь ростом цен на золото и серебро.

The cryptocurrency market is facing renewed pressure as a sharp contraction in stablecoin supply raises fresh concerns about Bitcoin (BTC) and overall market liquidity. 

Over the past week, the total market capitalization of ERC‑20 stablecoins has dropped by roughly $7 billion, a move analysts say could signal deeper structural weakness rather than a temporary correction.

Bitcoin Outlook Darkens

According to market analyst Darkfost, who shared the data on social media platform X (previously Twitter), this is the first time in the current cycle that the stablecoin market has experienced such a steep weekly decline from approximately $162 billion to $155 billion in just seven days. 

Darkfost described this drop as a clearly negative signal, suggesting that investors are increasingly choosing to exit the crypto market altogether instead of rotating capital within it.

The mechanics behind the trend are relatively straightforward. When demand for stablecoins falls, it typically means investors are converting their holdings back into fiat currency rather than keeping capital parked on-chain. 

As a result, stablecoin issuers burn excess tokens that are no longer needed, leading to a decline in overall supply. For this reason, a shrinking ERC‑20 stablecoin market cap is widely viewed as a bearish indicator.

Importantly, the same pattern is beginning to appear on other blockchain networks, reinforcing concerns that the trend is not isolated to Ethereum-based assets. 

Darkfost also pointed to historical precedent, noting that a similar contraction in stablecoin supply in 2021 coincided with Bitcoin’s transition into a bear market, although the Terra Luna collapse also played a role during that period.

Analyst Warns Of Potential Crypto Liquidity Crunch 

At the same time, macroeconomic risks are resurfacing. Crypto analyst Crypto Rover has warned that the likelihood of a US government shutdown by January 31 has surged to nearly 80%, up dramatically from estimates of just 10% to 15% one day earlier. 

According to his analysis, a government shutdown could pose serious challenges for Bitcoin and crypto markets due to its impact on liquidity. Historically, when shutdowns begin, the US Treasury rebuilds its Treasury General Account (TGA) by pulling cash out of financial markets. 

During the last shutdown cycle, the TGA increased by roughly $220 billion, effectively draining that amount of liquidity from the system. Crypto markets, Rover argues, are particularly vulnerable to such conditions.

In the previous episode, markets initially rallied briefly before liquidity dried up. That was followed by sharp declines, with Bitcoin and Ethereum (ETH) falling between 20% and 25%, while altcoins suffered even deeper losses.

This time, the setup appears even more fragile, according to Rover’s view. Liquidity in the market is already thin, investor confidence is weak, and institutional capital is largely concentrated in equities and gold rather than digital assets.

Furthermore, Rover notes that volatility is elevated, and crypto prices are reacting sharply to relatively small capital flows. Under these conditions, a shutdown-driven liquidity drain could be especially damaging, potentially triggering another severe market sell-off.

At the time of writing, Bitcoin was trading at $88,183, having erased all the gains seen in the first week of the year. It is now down 5% over the past seven days, with the cryptocurrency sitting 30% below the all-time high of $126,000 reached last October. 

Featured image from OpenArt, chart from TradingView.com 

Основатель крупнейшей по объему торгов криптобиржи Binance Чанпен Чжао (Changpeng Zhao) на Всемирном экономическом форуме в Давосе объявил, что знает, какой мемкоин является самым устойчивым.

За последнюю неделю капитализация стейблкоинов в сети Эфириума упала на $7 млрд. Аналогичная динамика наблюдалась в 2021 году, когда рынок переходил в медвежью фазу, заявили эксперты ончейн-платформы CryptoQuant.

Japan is reportedly likely to approve and list its first wave of crypto-based exchange-traded funds (ETFs) in the next two years as the country’s financial authorities work on rule changes that allow the investment products.

Japan To Join Global Crypto ETF Race In Two Years

On Monday, news media outlet Nikkei Asia reported that Japan’s first crypto ETFs could be listed as early as 2028, offering retail investors easier access to Bitcoin (BTC) and other digital assets.

This would mark a major shift in the country’s regulatory approach to digital asset-based products. Japanese regulators have been cautious about crypto funds, with the Financial Services Agency (FSA) repeatedly expressing its reservations about the investment products.

The FSA plans to amend the Investment Trust Act’s enforcement order to include cryptocurrencies in the list of specified assets for ETFs. Additionally, the agency will propose stronger safeguards to protect investors, Nikkei added without detailing its sources.

Ahead of the regulatory changes, Japanese giants Nomura Holdings and SBI Holdings are preparing to develop the country’s first crypto ETFs. In August, SBI filed to launch an ETF linked to both BTC and XRP, as well as a Digital Gold Crypto ETF, which would allocate 51% to gold and 49% to digital assets to mitigate investment risks.

As reported by Bitcoinist, Japan’s Minister of Finance Satsuki Katayama highlighted earlier this month that US crypto ETFs have expanded as “a means for citizens to hedge against inflation.”

In her New Year’s address at the Tokyo Stock Exchange’s (TSE) Grand Opening Ceremony, Katayama supported a potential launch of crypto-based investment products, suggesting that similar initiatives to those of the US would be pursued in Japan.

Notably, the US approved the first wave of spot crypto ETFs in 2024, based on Bitcoin and Ethereum (ETH), leading pension funds, endowment funds for major universities such as Harvard, and government-affiliated investors to include them in their portfolios.

As of January 23, BTC funds’ total net assets amount to approximately $115.8 billion, according to SoSoValue data. Nikkei noted that Japan’s asset management industry has estimated that Japanese crypto ETFs could eventually reach 1 trillion yen, worth around $6.4 billion.

Authorities Prepare For Japan’s ‘Digital Year’

Japanese authorities have been reviewing their regulatory system over the past few years to develop customer fund safety policies and allow innovation in a more reliable environment.

Last year, the Liberal Democratic Party and the Japan Innovation Party published their upcoming FY2026 Tax Reform. The tax reform is set to introduce significant changes to the existing taxation system, addressing the categorization and regulation of crypto assets, and reclassifying them as financial products.

The reform signals a shift from the regulators’ previous treatment of digital assets as speculative. Moreover, authorities are also exploring introducing a separate taxation system for crypto income, with a flat 20% tax similar to the stock system.

During her New Year’s address, Finance Minister Katayama also recognized the country’s efforts to integrate digital assets and blockchain technology into the local financial markets. She expressed her support of Japan’s development as an asset management nation, affirming that “there is still room for growth.”

Katayama declared that 2026 would be the “Digital Year” for Japan, asserting that this year “is a turning point” in overcoming deflation. Ultimately, she emphasized the importance of stock exchanges in supporting the transition to a growth-oriented economy that opens public access to crypto assets.

The Senate’s effort to advance the crypto market structure bill (CLARITY Act) has hit another delay, as severe winter weather disrupts congressional scheduling and deepens uncertainty around the bill’s path forward.

Following the stalled and ultimately delayed markup of the bill by the Senate Banking Committee, attention had shifted to the Senate Agriculture Committee, which oversees digital asset markets through its jurisdiction of commodities. 

That committee had planned to move ahead with its own markup earlier this week, but the vote has now been postponed to January 29 due to weather-related disruptions.

Snowstorm And Partisan Gridlock Stall Crypto Bill’s Markup

Journalist Eleanor Terrett of Crypto In America reported on Monday that heavy snowfall and icy conditions prompted the Senate to preemptively cancel Friday’s voting session. As a result, committee members are not expected to return to Washington until Tuesday afternoon. 

Although the markup is currently scheduled for 3 p.m., widespread flight delays and cancellations across the country raise questions about whether all members will be able to arrive in time for the vote, which adds to existing political uncertainty surrounding the bill. 

Despite two additional weeks of bipartisan negotiations—which had already pushed back an earlier planned markup from January 15—the legislation remains divided along party lines. At this stage, only Republican members of the committee have publicly voiced support for the bill.

Nevertheless, Terret reported that the broader crypto industry responded positively to the latest draft of the bill released by the Agriculture Committee last Wednesday, January 21, ahead of the scheduled vote. 

Optimism Grows Around Senate Ag’s Draft  

Industry participants have praised the bill’s draft for offering clear protections to noncustodial software developers and blockchain infrastructure providers. The language narrowly targets intermediaries, rather than protocols or end users, a distinction many in the sector view as critical to preserving innovation. 

The draft also notably excludes provisions regulating stablecoin yields, a choice that carries particular significance after Coinbase withdrew its support for the Senate Banking Committee’s version of the bill last week over that very issue.

Despite lingering disagreements with Democrats over key policy elements, the Agriculture Committee’s chair, John Boozman, emphasized last week that progress should not be stalled indefinitely. 

Acknowledging the lack of a final agreement, the chair said the collaborative process had strengthened the legislation and stressed the importance of advancing the bill, expressing optimism about proceeding with the markup in the coming week.

However, even as optimism builds around the Agriculture Committee’s version of the crypto market structure framework, the overall legislative timeline remains unclear. 

Bloomberg has reported that the Senate Banking Committee is expected to delay consideration of its portion of the bill, a move that could push broader negotiations into late February or even March.

Featured image from OpenArt, chart from TradingView.com 

Data shows Foundry USA, the biggest Bitcoin mining pool in the world, has lost a significant portion of its Hashrate to the US winter storm.

Foundry USA Has Seen A Bitcoin Hashrate Decline Of 200 EH/s

The United States is currently experiencing an extreme weather event, with a powerful winter storm sweeping across much of the country. The Arctic air accompanying the storm has brought with it a severe drop in temperatures, causing widespread disruptions to travel and power infrastructure.

Thousands of flights have been canceled nationwide, while the strain on the power grid has left more than 800,000 homes without access to electricity, according to a report from the BBC. Amid all this chaos, the Bitcoin blockchain has also faced a noticeable blow; the cryptocurrency’s Hashrate has sharply gone down as American miners have curtailed power consumption to ease pressure on the grid.

A mining pool that has been significantly affected by the storm is Foundry USA. On Friday, the pool had a total computing power of around 340 exahashes per second (EH/s), while as of Monday, that figure has reduced to just 139 EH/s, according to data from MiningPoolStats.

Before the storm disruption, Foundry’s pool was the largest in the world by some distance, but after the Hashrate drop of almost 60%, its power has come in line with the second-largest Antpool. Due to Foundry being so big, its miners pulling back on power has had a real effect on the total network Hashrate, as data from CoinWarz shows.

Before the weekend, the Bitcoin Hashrate was floating around 1,118 EH/s, but on Sunday it dropped to a low of just 668 EH/s. The metric has seen a rebound on Monday, but its latest value of 776 EH/s is still down more than 30%. The result? The blockchain is processing each block in an average interval of 12.28 minutes, which is 2.28 minutes slower than the expected rate of 10 minutes.

While the storm has impaired Bitcoin for now, the network won’t take long to bounce back. Even in the scenario that Foundry USA’s downtime remains prolonged, BTC will correct for the absence of American miners in the next Difficulty adjustment. Satoshi Nakamoto programmed BTC so that the network always targets a block time of 10 minutes. If miners diverge from this rate, the network adjusts a metric known as the “Difficulty” just enough that miners get back to the desired speed.

Given the scale of the latest Hashrate drop, a sustained disruption would mean that the Bitcoin blockchain would be forced to ease up its Difficulty by a significant factor. Currently, the next network adjustment is estimated to reduce Difficulty by 18%.

BTC Price

At the time of writing, Bitcoin is trading around $87,700, down 5.7% in the last week.

Крупнейшие британские банки блокируют или задерживают около 40% платежей в адрес криптовалютных бирж, заявил Совет по криптоактивам Соединенного Королевства (UK CBC).

Crypto investment vehicles dumped cash last week in a move that startled many market watchers. According to CoinShares, crypto exchange-traded products saw about $1.73 billion of outflows — the largest weekly withdrawal since mid-November 2025.

The pullback came after a recent stretch of inflows, which left some investors caught between hope and caution. Reports say fading hopes for quick interest rate cuts, weak price momentum, and a sense that crypto has not yet played the inflation hedge role many expected helped drive the exit.

Flows Reverse Sharply

Big names felt the hit. BlackRock’s iShares led issuers with roughly $950 million leaving its coffers. Fidelity lost close to $470 million, and Grayscale saw withdrawals near $270 million.

In the regional front, the US accounted for the bulk of the movement, with nearly $2 billion exiting from that market alone.

Some managers did attract fresh capital — groups focused on volatility or niche strategies posted modest gains — showing that investors are shifting tactics rather than abandoning the sector entirely.

Who Pulled Money Out

Bitcoin and Ether were the largest contributors to the outflows. Combined, they comprise most of the $1.73 billion. Based on reports, Ether funds lost roughly $1.10 billion while Bitcoin-focused products shed about $630 million.

That split shows a renewed skepticism about large-cap tokens even as traders weigh macro signals. Smaller tokens told a mixed story: Solana drew about $17 million in inflows, while XRP and SUI saw withdrawals of a little over $18 million and $6 million, respectively.

Bitcoin Price Action

Meanwhile, price moves matched the money flow. Bitcoin traded in a choppy range and slipped below $90,000 at one point as risk appetite evaporated. But it did not cave in.

Periodic buying returned, and shorts were put under stress when prices bounced back. Traders are watching macro cues; weakness in sentiment has been paired with bouts of institutional interest, creating a seesaw battle that keeps volatility up.

What This Means For Traders

Market behavior suggests that confidence is unsettled, not totally evaporated. Reports note that investors are recalibrating timeframes and tools. Some are rotating into altcoins that look cheap to them, while others beef up hedges or step back from leveraged positions.

Featured image from Unsplash, chart from TradingView

Ripple has signed a partnership with Jeel, the innovation and technology arm of Riyad Bank, to explore blockchain applications across cross-border payments, digital asset custody, and tokenization in Saudi Arabia. The collaboration positions Ripple inside a regulated testing environment as the Kingdom accelerates its Vision 2030 digital transformation agenda.

Ripple Expands In Saudi With Riyad Bank

Jeel announced the tie-up on X: “We are pleased to announce in Jil our partnership with Ripple to explore advanced applications aimed at enhancing the speed and efficiency of payments. This partnership focuses on studying use cases for the custody of digital assets, alongside developing prototypes within Jil’s regulatory sandbox, in support of the objectives of Vision 2030.”

In a press release dated January 26, 2026, Jeel said the partnership will evaluate how blockchain can improve the “speed, cost efficiency, and transparency of cross-border payments,” while also exploring digital asset custody and tokenization use cases. The firms plan to develop proofs-of-concept within Jeel’s sandbox to test Ripple’s technologies “in a controlled, compliant environment,” with an emphasis on scalable and interoperable infrastructure for financial services across the Kingdom.

Jeel CEO George Harrak positioned the sandbox as the core mechanism for turning blockchain concepts into regulated experimentation. “This partnership with Ripple reflects our strategy of using the Jeel Sandbox to responsibly explore next-generation financial infrastructure,” Harrak said. “By combining regulated experimentation with global blockchain expertise, we are building the foundations to evaluate scalable use cases that enhance cross-border payments and digital asset capabilities in line with the Kingdom’s long-term digital ambitions.”

Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, described the work as an effort to integrate enterprise blockchain into Saudi financial architecture, explicitly tying it to the Vision 2030 roadmap.

“Saudi Arabia’s visionary leadership has established the Kingdom as a forward-thinking global hub for digital transformation,” Merrick said. “It is against this progressive backdrop that Ripple has signed an MOU with Jeel to explore integrating secure, efficient blockchain solutions into the national financial architecture. We are committed to demonstrating how Ripple’s enterprise-grade digital assets technology can unlock significant efficiencies in areas like cross-border payments, aligning directly with Saudi Arabia’s goal of building a world-leading, competitive fintech ecosystem.”

Merrick echoed that messaging in a separate post, saying the partners will explore use cases spanning “cross-border payments, digital asset custody, and tokenization,” and adding that he is “excited to help shape the future of Saudi Arabia’s financial infrastructure.”

For Jeel, the partnership is pitched as a step beyond conventional fintech acceleration into “regulated blockchain experimentation,” extending its innovation mandate while supporting Riyad Bank’s ambitions to evaluate next-generation digital financial services. For Ripple, Jeel’s sandbox and institutional network offer a pathway into the Kingdom’s fast-growing fintech landscape, with the press release noting that the arrangement creates a venue to showcase Ripple’s infrastructure in a “highly regulated and innovation-driven environment.”

At press time, XRP traded at $1.90.

The crypto market is facing a critical stress test as Bitcoin and Ethereum lose ground, signaling a broader shift in global risk appetite. After weeks of choppy consolidation, downside pressure is intensifying, and traders are watching closely to see whether this move develops into a deeper correction or stabilizes into a new base. At the same time, capital flows are becoming more selective, with crypto struggling to attract conviction while money rotates toward assets perceived as more stable in the current macro environment.

The global risk map is being redrawn. What feels like an earthquake in financial markets is revealing a historic capital migration—one that is actively reshaping what investors define as safety versus danger. While the traditional pillars of the US economy show visible strain and the dollar’s dominance as an unquestioned refuge begins to weaken, the market’s response has not been a rush into digital alternatives. Instead, the immediate bid has been distinctly traditional.

Gold and silver are now commanding attention as the primary destinations for defensive capital. Their record-breaking rallies reflect more than speculation—they represent a renewed demand for tangible, scarce assets in an environment where confidence is being tested. Meanwhile, US equities continue absorbing liquidity on the strength of structural demand and benchmark allocation, leaving crypto caught in the middle.

As metals surge and crypto cools, the message is clear: in today’s market, the safe-haven trade is wearing a metallic face.

Capital Rotates To Metals As Crypto Turns Into The Risk Asset Again

A CryptoQuant report argues that current market flows reflect a desperate search for solid ground, and the numbers highlight how sharply investor behavior is shifting. Silver has broken its historical barrier, surging to $100 per troy ounce, while gold continues its vertical climb toward the $5,000 milestone, trading near $4.9K after posting a weekly gain of almost 8%. This type of synchronized breakout across precious metals signals a powerful flight-to-safety impulse, especially at a time when investors are questioning the stability of traditional macro anchors.

CryptoQuant notes that the US dollar is also under pressure, experiencing its steepest weekly devaluation since May of last year, when markets were still adjusting to the shock from Donald Trump’s extreme tariff hike in April. The timing is not random. When confidence in the dollar weakens, part of that capital often rotates into gold first, reinforcing metals as the default refuge.

The crypto side of the equation tells a different story. The flight is selective: US Bitcoin ETFs recorded $1.33 billion in weekly outflows, the largest since February 2025. Yet Bitcoin has not collapsed, supported by miner resilience as they remain in a zone of operational neutrality. The conclusion is clear: in the short term, capital is prioritizing the classic refuge over innovative risk.

CryptoQuant frames this as a paradigm inversion—money is no longer defaulting to Treasuries, but to metals, even as volatility risk in gold and silver rises.

Bitcoin Weekly Structure Tests Key Support

Bitcoin is trading around $87,900 on the weekly chart, attempting to stabilize after a sharp corrective leg that followed the late-2025 peak. The market has shifted from expansion to consolidation, with BTC struggling to regain momentum after breaking down from the $100K region. While price has not collapsed into a full capitulation phase, the weekly structure shows that sellers remain active on rallies and buyers are increasingly forced to defend key levels.

From a trend standpoint, BTC is now compressed between major moving averages. The 50-period moving average (blue) is still above price near $101,000, acting as strong overhead resistance and marking the level the market must reclaim to restore bullish momentum. Meanwhile, the 100-period moving average (green) is rising toward price near $87,500, becoming a critical dynamic support zone. As long as BTC holds above this rising trend reference, the pullback can still be interpreted as a corrective phase within a broader uptrend rather than a full structural breakdown.

The 200-period moving average (red) continues to slope upward far below price near $58,000, highlighting that long-term trend conditions remain positive despite the current volatility. Volume has been elevated during the recent selloff compared to prior weeks, reflecting forced deleveraging and defensive positioning.

For bulls, the key objective is reclaiming $90K and building acceptance above that level. If support fails near the green average, downside risk opens toward the low-$80K range before the market finds stronger demand.

Featured image from ChatGPT, chart from TradingView.com