Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Bitcoin/Crypto Daily Podcast 02/05/2026
Today’s podcast episode was created from the following stories:
Bitcoin-Led Crypto Rout Erases Nearly $500 Billion in a Week
Nearly half a trillion dollars in crypto market value vanished over the past week, with Bitcoin leading the slide. The drawdown underscores how macro jitters and thin liquidity can quickly cascade across digital assets, amplifying volatility. For investors, it’s a reminder to shore up risk management and position sizing when markets move fast.
Galaxy Digital reports a Q4 net loss of $482M, above $282M est., driven primarily by the crypto market crash, and says its trading volumes declined ~40% QoQ
Galaxy Digital posted a wider-than-expected Q4 loss of $482 million as trading volumes fell roughly 40% amid the market crash. Despite the setback, CEO Michael Novogratz signaled long-term optimism and a continued focus on building through the cycle. The results highlight how fast market downdrafts can pressure crypto financials tied to trading and asset prices.
Bitcoin is having an existential crisis
Bitcoin slid to its lowest level since November 2024 following the nomination of a hawkish Federal Reserve chair, a reminder of BTC’s growing macro sensitivity. Beyond rate expectations, investors are watching potential selling pressure from large corporate treasuries and unresolved regulation, with some analysts eyeing risk toward $40,000. For traders, the key level flagged is around $76,000—near the average cost basis of a major corporate holder.
Bitcoin’s thinnest price zone hints at extended stay between $70,000 and $80,000
On-chain and trading history show limited supply and support between $70,000 and $80,000, suggesting consolidation or another test lower. The range has historically seen quick moves, with few prior opportunities to build durable support. One notable reference point: a large corporate buy near $74,463 that may become an anchor level for price discovery.
Bitcoin ETF outflows deepen as ether and XRP funds quietly attract inflows
Spot bitcoin ETFs saw about $272 million in net outflows, while ether and XRP products attracted modest inflows—evidence of rotation within crypto rather than a full risk-off exit. The split reflects BTC’s heightened sensitivity to macro and tech-market stress as some capital hunts relative value elsewhere. It’s a sign that allocation decisions are becoming more selective across the asset class.
ProShares unveils first U.S. ETF that lets you buy the top 20 cryptos at once
ProShares launched KRYP, the first U.S. ETF designed to track the CoinDesk 20 Index, offering diversified exposure across major digital assets. The capped, market-cap-weighted fund excludes stablecoins and memecoins and rebalances quarterly to limit concentration risk. For retail and advisors, it streamlines broad crypto access under a single ticker.
‘Big Short’ Michael Burry sends chilling warning after Bitcoin plunge
Michael Burry weighed in on Bitcoin’s sell-off, warning about market fragility and the potential for cascading stress. His commentary adds to cautious sentiment already circulating among traders and allocators. While not a formal forecast, it underscores how quickly narratives can shift during high-volatility periods.
TRM Labs hits unicorn status in $70 million fund raise with Goldman’s participation
Blockchain analytics firm TRM Labs raised $70 million at a $1 billion valuation, backed by investors including Goldman Sachs and Citi Ventures. Demand for on-chain forensics is rising alongside more complex crypto crime and a spike in AI-enabled scams. The funding signals continued institutional investment in compliance and risk-intelligence infrastructure.
Crypto darknet drug kingpin Rui-Siang Lin gets 30 years
Rui-Siang Lin, operator of the Incognito Market, was sentenced to 30 years after facilitating over $105 million in illicit drug sales. Investigators used blockchain analysis and opsec lapses to tie the marketplace back to Lin. The case underscores how forensic tooling and cross-border collaboration are reshaping crypto-related enforcement.
January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says
U.S.-listed bitcoin miners added roughly $11 billion in market value in January as storms reduced hashrate and profitability ticked higher, even with softer BTC prices. Miners continue pivoting toward high-performance computing and AI data centers to diversify revenues. JPMorgan notes valuations are stretched versus block-reward opportunities, a key risk to monitor.
