Bitcoin touched new lows under $64,000 as market selling reached a historic 
level, and analysts warn that the bottom is not in. Does data support 
analysts’ sub-$60,000 prediction?

Bitcoin slips under $64K as record-high selling intensifies: Where is the price bottom?

The investment extends an existing partnership with Anchorage and comes as the 
federally regulated crypto bank explores a major capital raise ahead of a 
potential IPO.

Tether backs Anchorage Digital in $100M equity investment

XRP investors are closely monitoring market signals as the cryptocurrency 
navigates turbulent trading conditions and choppy price action. A recent 
analysis by market analyst Egrag Crypto identifies a critical exit candle, 
which could signal the next major step for XRP holders. As volatility 
increases and downside risks intensify, traders are debating whether to hold, 
sell, or buy more assets. Analyst Identifies XRP Investors&#8217; Next Exit Candle 
Egrag Crypto shared a cautious chart analysis for XRP on X this week, 
highlighting the importance of understanding upcoming price movements if the 
market is indeed in a bearish phase. He warned that if traders truly believed 
XRP could decline another 50-60%, then the pump after this price crash should 
be considered the traders’ next exit candle. Related Reading: XRP Price Falls 
Below $1.6: You Won’t Believe What Institutions Are Doing Amid The Crash 
Although he highlighted an exit pump for investors, Egrag Crypto stated that 
he will not sell his XRP and intends to hold it even if prices fall below $1. 
He emphasized that, unless XRP breaks below the blue support channel in the 
chart, his strategy remains long-term, ignoring the market noise. The analyst 
further noted that XRP’s market structure could soon challenge bearish 
sentiment, potentially forcing many traders to exit in panic. He said that 
external factors, such as regulatory changes in the United States (US), could 
pose significant risks for investors. In particular, Egrag Crypto highlighted 
the possibility of US President Donald Trump appointing Kevin Warsh as new FED 
chair, replacing former chairman Jay Clayton. The crypto expert said that if 
this happens, things could get even worse in the market, potentially 
accelerating downside pressure. Despite the warnings of a bearish outlook for 
XRP, Egrag Crypto emphasized that many investors will follow their own 
strategies. He said that some will continue to hold XRP even if it goes back 
to $0.5, marking a more than 83% decline from its price high above $3 earlier 
last year. He also stated that other investors might see the decline as an 
opportunity to buy and accumulate more tokens, ahead of any future price 
surges. Market Discipline and Emotional Strategy Remain Critical At the start 
of his post, Egrag Crypto stressed that his XRP chart analysis is meant to 
guide investors facing panic, confusion, or emotional overload due to recent 
market downturns and sudden price crashes. He compared being a crypto investor 
and trader to competitive sports like basketball or football, describing it as 
a game that requires skills, preparation, and patience to succeed. Related 
Reading: Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically 
Important Liquidity Asset Since the market runs 24/7, Egrag Crypto asserts 
that managing both emotional and financial resources is essential. He advised 
traders to step away from the market when needed and avoid letting any asset 
dominate their emotional state. He also highlighted the importance of strategy 
and discipline when investing or trading. Featured image from Adobe Stock, 
chart from Tradingview.com

XRP Analyst Points Out ‘Exit Candle’ That Investors Should Watch

On Feb. 5, bitcoin plunged 7% intraday, breaking below $66,000 and hitting 
$65,253 on Bitstamp, sparking fears of a retreat toward $60,000. The drop 
extended bitcoin’s weekly losses past 20% and marked a 30% correction from its 
mid‑January peak near $98,000. Market Impact and Liquidations The bitcoin rout 
intensified Feb. 5 as the flagship digital […]

Is the Bottom in? Bitcoin Tests $65,253 as Market Panic Takes Hold

U.S. markets edged lower as a sharp selloff in cryptocurrencies spilled into 
software and commodity names, with Bitcoin sliding 9% to around $66,000—its 
lowest level since October 2024.

Cryptocurrency price in MXN