Crypto Market Faces Two-Month Recovery Amid Historic Liquidation Chaos

Crypto Market Recovery Could Take Over Two Months, Says Analyst

According to Cointelegraph, crypto analyst Matthew Hyland predicts that the cryptocurrency market may require at least two months to recover fully if historical patterns from 2022 repeat. Hyland highlighted that the recent market turmoil, triggered by US President Donald Trump’s tariff threats, led to the largest liquidation event in crypto history on February 3, with over $2.24 billion liquidated within 24 hours. Bybit CEO Ben Zhou estimated the actual liquidation figure to be between $8 billion and $10 billion. Bitcoin (BTC) fell below the $100,000 psychological level, trading at $97,570 at the time of publication. Hyland emphasized that past events, such as the COVID-19 market crash in 2020 and the Terra blockchain collapse in 2022, took months for recovery, suggesting a similar timeline for the current market downturn.

Source: Cointelegraph - "Crypto market may take over 2 months for ‘full recovery’ if 2022 pattern repeats"

XRP Faces Legal and Market Challenges Amid SEC Appeal

FX Empire reports that XRP experienced a 6.44% drop on February 4, closing at $2.5283, as uncertainty over the SEC’s appeal in the Ripple case weighed on investor sentiment. SEC Commissioner Hester Peirce criticized the agency’s handling of crypto regulations, calling for legal clarity while remaining silent on ongoing cases. Ripple’s Chief Legal Officer Stuart Alderoty praised Peirce’s stance, describing her as a voice of regulatory sanity. Meanwhile, Bitcoin (BTC) also faced pressure, dropping to $97,979 amid escalating US-China trade tensions. Despite the market volatility, US BTC-spot ETFs saw $91.7 million in net inflows, driven by speculation over a potential US Strategic Bitcoin Reserve.

Source: FX Empire - "XRP News Today: Legal Battles and Market Volatility—What’s Next for XRP? BTC at $98K"

Ethereum ETFs Hit Record Trading Volume Amid Market Turmoil

TokenPost highlights that Ethereum ETFs reached a record $1.5 billion in trading volume on February 3, marking a 23% increase from the previous high. This surge occurred as Ethereum’s price plunged nearly 36% to $2,100 before rebounding to $2,819, following President Trump’s new trade tariffs. BlackRock’s ETHA led the trading activity with $736 million, followed by Grayscale’s ETHE at $415 million. Despite the volatility, Ethereum ETFs recorded $83.6 million in net inflows, with Fidelity’s FETH leading the way. The market remains cautious as further tariff-related developments could spark additional fluctuations.

Source: TokenPost - "Ethereum ETFs Hit Record Trading Volume Amid Market Turmoil"

Dormant Ethereum Wallet Moves $229M Before Market Crash

Cryptodnes.bg reports that a long-dormant Ethereum wallet, inactive for six years, transferred 77,736 ETH worth $229 million to Bitfinex just before Ethereum’s price dropped to $2,100. The wallet originally withdrew the ETH from Bitfinex in 2019 when it was valued at $11.9 million, indicating a significant profit. Meanwhile, major investors like “7 Siblings” took advantage of the dip, acquiring 50,429 ETH for approximately $126 million. Analysts suggest that the market downturn was exacerbated by U.S.-China trade tensions and tariff announcements.

Source: Cryptodnes.bg - "Dormant Ethereum Wallet Moves $229M Before Crash"

Ripple Faces Competition in $190 Trillion Payment Market

CryptoDaily discusses how Ripple (XRP) is facing new competition in the $190 trillion global payment market from a PayFi altcoin called Remittix (RTX). Analysts believe Remittix, which has raised over $10.4 million and sold 432 million tokens, could disrupt the market with its focus on low-cost remittance solutions for unbanked populations. Priced at $0.0539, Remittix aims to address everyday financial challenges, potentially outpacing Ripple’s bank-focused approach. Experts suggest that the vast payment market offers room for multiple players, with Remittix targeting underserved communities.

Source: CryptoDaily - "Ripple (XRP) Faces Competition In The $190 Trillion Payment Markets As Experts Back This New Altcoin For 100x Gains"

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