Renowned quant analyst PlanB, known for the stock-to-flow (S2F) model, is predicting a Bitcoin (BTC) bounce based on on-chain data. He highlights the realized price metric, which currently sits at around $65,000.  PlanB expects BTC to **bounce from this level**, as it has historically served as a support line in bull markets.  He also points to the **Relative Strength Index (RSI)**, a momentum indicator, which he believes will reach peak levels similar to previous cycles, indicating potential for **exponential returns**.  This suggests that PlanB remains bullish on Bitcoin's future. 

Closely followed quant analyst PlanB believes that Bitcoin (BTC) is gearing up for a big bounce based on key indicators.

PlanB Predicts Bitcoin (BTC) Bounce: On-Chain Signals Bullish?

The **Trump administration** is currently engaged in various **cryptocurrency initiatives**, yet there has been no official word on the much-anticipated **Bitcoin reserve**. At a recent press conference, **David Sacks**, the White House’s cryptocurrency director, discussed the U.S. digital asset strategy but did not provide any concrete plans for accumulating Bitcoin. Instead, he indicated that the team would assess the viability of a **Bitcoin reserve**.

![Trump's Crypto Czar](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/57130af3086749f75ef4607a27ad7f35.jpg)
*Photo: Anna Moneymaker (Getty Images)*

Meanwhile, **Bitcoin**, the leading cryptocurrency, experienced a decline, **dropping over 2%** in just one hour to hover around **$98,000**. During the conference, Sacks outlined a comprehensive **pro-crypto agenda**, mentioning the formation of a joint working group by the U.S. House of Representatives and Senate aimed at advancing cryptocurrency legislation. He expressed a desire for the United States to evolve into a **global crypto hub**.

> “I look forward to working with each of you in creating a **golden age in digital assets**,” Sacks stated.

### SEC Launches Its Crypto Task Force Website
The **Securities and Exchange Commission (SEC)** has launched its **Crypto Task Force website**, with **Hester Peirce**, known as “Crypto Mom,” at the helm. This team will focus on proposing potential regulations for the cryptocurrency sector and evaluating a national cryptocurrency stockpile.

### A New Stablecoin Bill is on the Table
In related news, **Republican Senator Bill Hagerty** from Tennessee has introduced a new bill aimed at regulating **stablecoins**. The proposed legislation seeks to create a **U.S. regulatory framework** for issuing dollar-denominated tokens, with Hagerty supported by Senate Banking Committee Chairman **Tim Scott** and **Cynthia Lummis**, head of the Digital Assets Subcommittee.

Meanwhile, Bitcoin fell by more than 2% within just an hour, hovering around $98,000.

Why is Trump's Crypto Czar Silent on Bitcoin Reserves? Explore the Latest Developments

### SEC's Rule Change Fuels XRP Demand
The recent **SEC rule change** has diluted the enforcement powers of crypto enforcement lawyers, leading to a surge in **XRP demand**. Former SEC division chief **Marc Fagel** stated this change is beneficial for those advocating a more cautious approach post-Madoff scandal. The former SEC chair, **Gary Gensler**, had previously strengthened enforcement divisions, but since his departure, the SEC has shifted towards a more pro-crypto stance.

### Ripple Case in Focus
The **Ripple case** is set to take center stage with an SEC closed meeting scheduled for February 6. This meeting could dictate the future of the SEC’s appeal against the **Programmatic Sales of XRP ruling**. With a 2-1 Republican majority in the SEC, there is speculation about the potential withdrawal of the appeal.

### Bitcoin's Recovery Amid Tariff News
While the market awaits clarity on the SEC’s decisions, **Bitcoin (BTC)** has rebounded from a low of **$91K** following announcements from President **Trump** regarding a temporary halt on tariffs for goods from Mexico and Canada. This development has sparked an increase in demand for riskier assets, although uncertainty remains as tariffs on China loom.

### ETF Market Trends
The US **BTC-spot ETF market** is showing signs of investor sensitivity to policy changes, with net outflows reported from major funds. Notably, the **Fidelity Wise Origin Bitcoin Fund** and **ARK 21Shares Bitcoin ETF** faced significant outflows, totaling **$234.4 million** in net outflows across the market.

### Trump Administration's Bitcoin Reserve Plans
On February 3, **Tim Kotzman** revealed that **David Sacks**, Trump’s AI and Crypto Czar, will hold a press conference regarding the administration’s strategy to secure the US's position in the digital asset ecosystem. This includes potential updates on **Senator Cynthia Lummis’ Bitcoin Act**, which proposes the government acquire **one million BTC** over five years.

### Bitcoin's Price Outlook
On February 3, BTC saw a **3.78% increase**, closing at **$101,580** after a previous decline. The price trend of BTC will be influenced by trade policies, Federal Reserve decisions, and ETF flows. **Bearish** scenarios may see BTC dip below **$90K**, while **bullish** trends could push it towards its all-time high of **$109,312**.

SEC rule change dilutes crypto enforcement powers, fueling XRP demand. Will Ripple’s legal battle drive XRP past its all-time high?

Surging XRP and Bitcoin's Rebound: What Recent SEC Changes Mean for Crypto Investors

## Ethereum's Recent Surge

Ethereum has experienced a **dramatic surge**, skyrocketing from approximately **$2,300 to over $2,900** in under 24 hours. This remarkable rebound comes after a **sharp decline** in its price and marks a **volatile three-day performance** for the second most popular blockchain in the crypto market.

## Influencing Factors

The recent rally in Ethereum’s price coincides with ongoing **tensions** among various Ethereum factions, as well as speculation that it may be losing ground to **rival Solana**. The momentum gained on Sunday night continued to build, resulting in a **25% increase** by Monday afternoon, effectively recovering all recent losses.

The rally was partly fueled by a tweet from **Eric Trump**, son of former President Donald Trump. He commented on the currency’s ticker symbol with a dollar sign, stating, “**In my opinion, it’s a great time to add $ETH.**” However, the ambiguity of his statement raises questions about whether he was addressing investors broadly or suggesting a strategic role for Ethereum.

## Political Context

Recent rumors suggest that the U.S. government might be considering a **strategic Bitcoin reserve**. Meanwhile, President Trump has signed an executive order to establish a **sovereign wealth fund**. Despite these developments, **Ethereum** does not appear to be a priority for these initiatives at this time.

The Trump family has a vested interest in Ethereum through **World Liberty Financial**, a decentralized finance project that holds significant cryptocurrency assets. According to reports, **World Liberty's treasury** is primarily composed of Ethereum and a derivative of Bitcoin. Sources within the crypto industry have indicated that this company has been accumulating Ethereum for some time.

## Ethereum's Market Position

Despite the recent rally, Ethereum's **market cap** has not grown as swiftly as other major currencies like **Bitcoin**, **XRP**, and **Solana**. The Ethereum developer community is currently facing challenges regarding the project’s leadership and its ability to evolve in a rapidly changing market.

Ethereum, created by **Vitalik Buterin**, is more versatile than Bitcoin due to its **smart contracts** capabilities. The main blockchain launched in **2015**, and it has since become a crucial player in the cryptocurrency landscape.

![Ethereum](https://example.com/ethereum-image.jpg)  
*Image showing Ethereum's price movement*  

For more insights on cryptocurrency, check out [Fortune's Crypto Crash Course](https://fortune.com/crypto/crash-course/).

The sudden rise comes barely 24 hours after the price of Ethereum plunged, and was aided by a plug from the President's son.

Ethereum Skyrockets 25% Amid Controversial Trump Endorsement: What You Need to Know

## Cryptocurrency Market Reacts to Tariffs

Over the weekend, **President Trump** announced new tariffs on imports from the U.S.’s top trading partners—**Canada**, **Mexico**, and potentially **China**—which has triggered a significant decline in the cryptocurrency market. The market has grown highly reactive to Trump's actions, with many cryptocurrencies experiencing **double-digit percentage drops** in just 24 hours.

![Bitcoin Market Reaction](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/3f51b45963befb903186bb733f4d4c9a.jpg)
*Illustration: Alvaro Fernandez Echeverria (Getty Images)*

### Bitcoin's Downward Trend

Following the tariff announcement, **Bitcoin** has fallen below **$95,000**, continuing its downward trend. Currently, it is trading at **$94,869**, marking a weekly decline of **over 5%**. This volatility has unsettled the broader crypto market, leading to significant declines across major cryptocurrencies.

![Bitcoin Price Decline](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/a8e9afacf612fcbfb810e51ae6670c55.jpg)
*Illustration: Alvaro Fernandez Echeverria (Getty Images)*

### Ether's Struggles

**Ether**, the second-largest cryptocurrency by market cap, is faring even worse, currently trading at **$2,568**, representing a **17% decline** over the week.

![Ether Price Drop](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/f70b4989f9dfff0c3a97aefb34719c95.jpg)
*Illustration: Alvaro Fernandez Echeverria (Getty Images)*

### Solana and Dogecoin Under Pressure

**Solana**, a key competitor to Ethereum, is also on a downward trajectory, trading at **$194**, down **16%** since last week.

**Dogecoin**, the popular memecoin, is sliding in response to Trump's latest remarks, currently trading at **$0.25**, down more than **21%** over the past week.

![Dogecoin Volatility](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/96dec570c31c84a494f2810bfc7f4a96.jpg)
*Illustration: Flavio Coelho (Getty Images)*

### Mantra's Positive Momentum

In contrast, **Mantra**, a blockchain network for tokenizing real-world assets, is seeing growth. Its native token **OM** is trading at **$5.24**, reflecting a **13% increase** in just one week. Recently, Mantra entered a significant **$1 billion agreement** with DAMAC Group to tokenize assets in the UAE.

![Mantra Growth](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/faff1faf732f5835c23dfa4db31dbccd.jpg)
*Illustration: Dennis Diatel Photography (Getty Images)*

Trump’s tariff announcement has hammered the entire cryptocurrency market

Crypto Market Alert: Bitcoin, Dogecoin, and More React to Trump's New Tariffs

### MARA's January 2025 Bitcoin Mining Update

MARA (NASDAQ: MARA), a leader in digital asset computing, reported its **unaudited Bitcoin (BTC) production** and mining operations for January 2025. The company won **218 blocks**, marking a **12% month-over-month decrease** in production. Despite this decline, MARA has successfully increased its BTC holdings to **45,659 BTC**.

### Management Insights

Fred Thiel, chairman and CEO of MARA, commented, "In January, our production faced challenges due to **fluctuations in network difficulty** and intermittent curtailment. Our hashrate remained consistent with December, as no new miners were added during the month."

He emphasized the company's commitment to optimizing its mining fleet and implementing strategic enhancements to improve efficiency and performance. Notably, at the **Wolf Hollow** site in Texas, they completed the conversion of **over 230 containers to immersion cooling**, which has significantly increased uptime.

### Operational Highlights

- **Blocks Won**: 218 (down from 249 in December, a **12% decrease**)
- **BTC Produced**: 750 BTC (down from 865 BTC, a **13% decrease**)
- **Average BTC Produced per Day**: 24.2 BTC (down from 27.9 BTC, a **13% decrease**)
- **Energized Hash Rate**: 53.2 EH/s (unchanged from December)

### Future Plans

MARA is focused on expanding its mining capacity in 2025, prioritizing **near net zero cost energy solutions**. They aim to enhance their position as a leader in the BTC mining industry. More details will be shared during their upcoming earnings call at the end of the month.

### Investor Notice

Investing in MARA's securities involves risks, and potential investors should review the **risk factors** detailed in their latest annual report. 

### About MARA

MARA is committed to converting **clean and underutilized energy** into economic value while securing the blockchain ledger. For more information, visit [MARA's official website](https://www.mara.com).



218 Blocks Won in January, 12% Decrease M/MIncreased BTC Holdings to 45,659 BTC  Fort Lauderdale, FL, Feb.  03, 2025  (GLOBE NEWSWIRE) --…...

MARA Reveals January 2025 Bitcoin Mining Update: Production Declines and Increased Holdings

### The Latest on Trump's Tariffs

In the wake of **Trump's tariffs**, European stocks are experiencing significant **declines** in pre-market trading. Investors are reacting to the potential implications for international trade and economic stability.

### Market Reactions

The **uncertainty** surrounding these tariffs has led to a **bearish sentiment** across European markets, with major indices showing a downward trend. This is compounded by concerns over how these tariffs will affect **import/export dynamics** and the overall **global economy**.

### Implications for Investors

Investors are advised to stay informed about the developments related to Trump's tariffs as they could lead to **volatility** in stock prices and affect investment strategies. Monitoring the situation closely will be vital for making informed decisions.

![European Market Reaction](https://www.ft.com/__origami/service/image/v2/images/raw/https://barrier-page-components.s3.eu-west-1.amazonaws.com/assets/icons/primary_product_icon_trial.svg?source=next-barrier-page&format=svg)

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How Trump's Tariffs Impact European Markets: A Deep Dive

## Australian Crypto ETFs Land in Singapore

Australian crypto-asset firm **Monochrome Group** has officially registered its **Bitcoin (IBTC)** and **Ethereum (IETH)** ETFs with Singapore's **Monetary Authority**, marking a significant step into Southeast Asia's growing crypto market. 

CEO **Jeff Yew** highlighted, "We're bringing Monochrome to South East Asia, starting with getting the first Australian Bitcoin ETF registered with the Monetary Authority of Singapore."

### Key Features of the New ETFs

These ETFs are categorized as **restricted schemes**, allowing access exclusively for accredited or institutional investors, with a minimum transaction threshold of **S$200,000**. They accommodate both **Bitcoin** and cash subscriptions and redemptions, catering to various institutional needs in the region.

### Building Infrastructure Amid Market Turbulence

Yew emphasized the importance of establishing real infrastructure for institutions. Reflecting on a recent market downturn that led to over **$2 billion** in liquidations, he stated, "It's not about chasing price moves—it's about building real infrastructure and giving institutions, investors, and even governments better access to Bitcoin."

### Strategic Partnerships and Future Plans

Monochrome is expanding its reach through a partnership with **Anadara Capital**, enhancing institutional services, and has onboarded **BitGo Trust Company** for custody services to address security concerns. The firm plans to establish regional offices by **2025**, focusing on regulatory compliance and institutional engagement.

### The Bigger Picture

This launch comes during a turbulent time in global markets, where institutions are increasingly viewing regulated digital asset products as hedges against geopolitical and macroeconomic instability. Monochrome's initiatives reflect the growing demand for compliant offerings like IBTC/IETH, especially as the crypto market faces significant challenges, including a recent **11.4%** drop in market cap.

In a broader context, Yew sees **Bitcoin** as a unique commodity with fluctuations driven by demand rather than underlying supply issues. He believes that institutional investors are looking beyond short-term volatility, focusing instead on the fundamentals and expanding access to these assets where they are needed most.

![Monochrome Group Logo](https://example.com/monochrome-logo.jpg)

Singapore is opening its doors to Australian crypto ETFs as institutions eye a regulated entry into a turbulent crypto market.

PlanB Predicts Bitcoin (BTC) Bounce: On-Chain Signals Bullish?

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Why is Trump's Crypto Czar Silent on Bitcoin Reserves? Explore the Latest Developments

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Other Latest News

Why is Trump's Crypto Czar Silent on Bitcoin Reserves? Explore the Latest Developments

Surging XRP and Bitcoin's Rebound: What Recent SEC Changes Mean for Crypto Investors

Ethereum Skyrockets 25% Amid Controversial Trump Endorsement: What You Need to Know

Crypto Market Alert: Bitcoin, Dogecoin, and More React to Trump's New Tariffs

MARA Reveals January 2025 Bitcoin Mining Update: Production Declines and Increased Holdings

How Trump's Tariffs Impact European Markets: A Deep Dive

Australia's First Bitcoin and Ethereum ETFs Launch in Singapore: What You Need to Know