The Bitcoin network&#8217;s mining difficulty dropped by as much as 27% within a 
single adjustment period during China&#8217;s 2021 crypto mining ban.

Bitcoin difficulty drops by over 11%, in steepest drop since 2021 China ban

Prediction markets across Kalshi, Polymarket, and Myriad are signaling a 
strong consensus that the New England Patriots will lose Super Bowl LX on Feb. 
8, with pricing one day before kickoff historically among the most reliable 
signals these platforms produce. Kalshi, Polymarket, and Myriad Agree: 
Patriots Face Long Odds on Super Bowl Sunday As of […]

Prediction Markets Price Patriots Loss Ahead of Super Bowl LX

The XRP price was on the verge of losing the $1 level merely two days ago, as 
the entire crypto market succumbed to an almost unprecedented level of 
volatility and bearish pressure. The altcoin fell to as low as $1.16, its 
lowest level since November 2024. While the general cryptocurrency market 
appears to be showing some signs of recovery, the XRP price activity has been 
particularly impressive since bottoming out at around the $1.15 mark. 
According to a prominent crypto analytics firm, below are the reasons behind 
the altcoin’s latest resurgence. Whale And Network Activity Throw XRP A 
Lifeline On Friday, February 6, popular blockchain firm Santiment took to the 
social media platform X to discuss the recent correction and the subsequent 
recovery experienced by the XRP price going into this weekend. With the strong 
volatility witnessed in the market, XRP seemed to be bound for $1 in that 
downward movement. Related Reading: Ethereum Coinbase Premium Drops To 2022 
Bear-Market Levels: Capitulation Or Further Downside? Santiment said on X: 
Panic sellers should have stopped to notice the massive activity on the XRP 
Ledger as speculators were discussing whether the coin would fall below $1.00. 
However, the fourth-largest cryptocurrency by market capitalization briefly 
reclaimed the $1.5 level on Friday, signaling the return of fresh buying 
momentum to the market. According to Santiment, this XRP price jump might have 
been triggered by the group of large investors known as the whales. The latest 
on-chain data shows that an “obvious” whale accumulation took place while the 
XRP price headed for the bottom. Santiment data shows that about 1,389 
$100,000 whale transactions occurred during the dip, the highest volume seen 
over the past four months. Meanwhile, activity on the XRP Ledger has been on 
the rise since the altcoin’s price fell to its lowest level in over a year. 
According to Santiment’s post on X, the amount of unique addresses on the 
blockchain saw a notable surge to 78,727 in just one 8-hour candle, its 
highest level in approximately six months. The crypto analytics noted that 
these occurrences are both significant to the potential price resurgence of 
any asset. With an uptick in whale demand and network activity, the XRP price 
could build the foundation required to return to a bullish structure. However, 
investors might want to approach the market with extreme caution, as a relief 
rally is not the strangest phenomenon in a bear market. XRP Price At A Glance 
As of this writing, the price of XRP stands at around $1.46, reflecting an 
almost 25% jump in the past 24 hours. However, this single-day action is not 
enough to erase the past week’s losses, which still sit roughly over 16%. 
Related Reading: XRP Social Sentiment Still Bullish While Bitcoin Mood Sours 
Featured image from iStock, chart from TradingView

XRP Price Returns Above $1.5 — On-Chain Data Says Whales Are Behind It

Social media mentions of crypto &#8220;crash&#8221; spiked when Bitcoin fell to $60,000 on 
February 5, causing an immediate price rebound according to Santiment data. 
The sentiment analytics platform found that when traders declare a crash has 
happened rather than simply…

Why traders see a crypto ‘dip’ very differently from a ‘crash’

Several X accounts have reignited a long-running debate in bitcoin circles, 
arguing that a single onchain bitcoin now underpins multiple financial claims 
across exchange-traded funds (ETFs), futures, perpetual swaps, wrapped tokens, 
and structured products. The argument, often labeled the “paper bitcoin” 
theory, draws direct comparisons to gold’s financialization in the 1980s, when 
derivatives came to […]

Cryptocurrency price in EUR