This partnership signifies a pivotal shift towards more robust, scalable, and 
institution-friendly onchain financial markets.
The post Circle partners with Polymarket to enhance prediction market 
settlement appeared first on Crypto Briefing.

Circle partners with Polymarket to enhance prediction market settlement

Bitcoin (BTC) extended its sharp sell‑off on Thursday, briefly falling below 
the $67,000 level and marking its lowest price since November 2024. The 
renewed pressure follows commentary from market analyst Hugo Crypto, who 
pointed to a recent report from investment bank Stifel outlining a notably 
bearish outlook for Bitcoin. Deeper Bitcoin Drawdown Ahead? According to 
Stifel’s analysis, the leading cryptocurrency could continue declining toward 
$38,000. If reached, that target would represent an additional drop of roughly 
43% from current levels and would place Bitcoin back at prices last seen in 
January 2024. Related Reading: Ripple Throws Weight Behind Hyperliquid, 
Fueling HYPE’s Rally Toward Crucial Levels Stifel’s forecast is built on 
several macro and market‑specific factors. The firm cited the impact of 
tighter US Federal Reserve (Fed) policy, ongoing uncertainty and stagnation 
around US crypto regulation, shrinking market liquidity, and sustained 
outflows from spot Bitcoin exchange‑traded funds (ETFs). The bank also framed 
its outlook within the context of historical Bitcoin market cycles. According 
to Stifel, Bitcoin’s peak near $126,000 in October 2025 fits a familiar 
pattern seen in prior cycles, which have typically been followed by extended 
and deep drawdowns. Additional warnings were echoed by market observer Walter 
Bloomberg, who highlighted weakening demand, a sharp slowdown in ETF inflows, 
and growing stress in derivatives markets. Futures markets, in particular, 
appear to be entering what he describes as a “forced deleveraging” phase, 
where leveraged positions are unwound rapidly, adding to selling pressure. BTC 
Faces Key Technical Test ETF data from Thursday further illustrates the strain 
on market sentiment. Spot Bitcoin ETFs have so far recorded net outflows of 
approximately 7,925 BTC on the day, equivalent to about $533 million. Over the 
past seven days, net outflows have totaled roughly 19,090 BTC, or around $1.28 
billion, reinforcing concerns that institutional demand is fading rather than 
providing support. Related Reading: Bitcoin Crash To $72,000 Signals Major 
Reset: On-Chain Metrics Deteriorate From a technical perspective, analyst 
MartyParty highlighted the importance of the $68,000 level, which Bitcoin 
would need to reclaim to stabilize in the near term. This area aligns with the 
200‑week exponential moving average, a level often viewed as critical during 
major market corrections. Failure to hold above that zone could open the door 
to a move toward the 200‑week simple moving average, currently near $58,000, 
according to technical analysts. At the time of writing, Bitcoin was trading 
around $67,100, down roughly 8% on the day and more than 20% over the past 
week, based on CoinGecko data. Featured image from DALL-E, chart from 
TradingView.com

Bitcoin Crashes Below $67,000 As Stifel Warns Of Potential Drop To $38,000

U.S. equities extended their selloff Thursday, Feb. 5, 2026, as technology 
shares led broad declines across major benchmarks amid renewed risk-off 
sentiment. Nasdaq Leads Market Declines as Risk-off Sentiment Returns U.S. 
stock markets opened sharply lower, continuing a multi-session pullback that 
has weighed heavily on growth-oriented sectors. The tech-heavy Nasdaq 
Composite was among the hardest […]

Tech Rout Drags US Equities Lower as BTC Breaks Below $67K

SpaceX&#8217;s expansion into direct-to-device internet and new tech markets could 
significantly boost its valuation ahead of a potential IPO.
The post Musk&#8217;s SpaceX plans Starlink phone and direct-to-device internet as 
IPO nears: Reuters appeared first on Crypto Briefing.

Musk’s SpaceX plans Starlink phone and direct-to-device internet as IPO nears: Reuters

Bitcoin falls to $67K as $1.4B in liquidations, $800M in BTC ETF outflows, and 
crypto stock losses hit markets.
The post Bitcoin crashes to $67K erasing gains since 2021 as liquidations top 
$1.4B appeared first on Crypto Briefing.

Cryptocurrency price in BHD