🔥 BitDegree partnered with Ogvio - a free international money transfer service! Join the waitlist & grab Rewards! 🎁

Bitcoin below $86K… but why?

Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁

Plus: Winklevoss twins make a bold privacy play

Welcome Ogvio

The future of sending money starts with Ogvio - be among the first to experience it!

Join the waitlist NOW! 🚀

GM. If your portfolio's ingredients feel more like a mystery smoothie, you're not alone.

Let's blend together the news and see what flavors pop up:

🍍 Messy crypto selloff after tech and jobs spook;

🕵️‍♂️ Winklevoss twins bet on privacy;

🍋 Trump-backed platform freezes wallets, Bitcoin Core passes security audit + more

Divider

🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $2.86T -8.09% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $83,169.99 -6.22% -14.09%
Ethereum Ethereum ETH $2,716.57 -6.02% -15.86%
XRP XRP XRP $1.90 -6.06% -17.95%
BNB BNB BNB $817.66 -7.33% -11.81%
Prices as of 11:00 AM EST. Click here to see live data.

You know that feeling when your phone slips out of your hand, you juggle it like a clown, and then watch it drop on the pavement anyway?

(Screen down, of course.)

That's crypto today - one of those slow-motion "oh noooo" moments.

And opening the charts this morning felt like checking your screen protector after the fall. You think it might be fine, but deep down you know you're about to see some cracks.

Meme about dropping your phone but the screen doesn't crack

Source: Pinterest

Here's the deal:

Big Tech had a bad day on Wall Street: Nvidia stock dropped by 2.89%, the semiconductor index dropped 1.58% as chipmakers got hit...

Why the drop?

Investors started talking about a possible AI bubble - they aren't so sure those sky-high valuations are justified.

Plus, the US jobs report came in hotter than expected = the Fed likely won't cut rates anytime soon = that era of "cheap money → risk everything" might be stalling.

The result: risk assets got the flick, and crypto was no exception.

👉 Bitcoin slipped under $86K;

👉 Ethereum dropped below $3K;

👉 And Bitcoin ETFs saw $903M walk out the door in a single day.

ETF outflow data table

Source: Farside Investors

So what's it all mean? Simple: crypto's not living in its own bubble. If tech stocks take a hit, so do we - except we have bigger drops.

But hey, it's not all doom. The amount of stablecoins sitting on exchanges went up.

And when traders move cash into stablecoins instead of pulling it out of the market entirely, it usually means they're not quitting… they're waiting.

For now, though, most folks are just tightening their seatbelts and refreshing charts like they’re checking a cracked screen for the 400th time.

Divider

🚨 Season 8… we're in the final lap

1 week to go

This is it - the last week, the last Missions, the last chance to get those sweet Season 8 rewards before the door slams shut ⏳

If you've been "meaning to get to it"… yeah, this is your sign. Because every Bit you don't earn now is landing in someone else's wallet.

Don't be the "wait, it's over??" person. Get in while it's still go-time! 💪

Get to gaining NOW

Divider

🥝 Memecoin harvest

Bagholders' anonymous meeting postponed, they're too busy winning 📈

Data as of 09:35 AM EST.

Check out these memecoins and plenty more here.

Divider

🕵️‍♂️ Winklevoss twins bet on privacy

A lot of people say they care about privacy.

But let's be honest, most of them treat it like closing the blinds halfway and assuming nobody's peeking in.

Meanwhile, our digital lives are wide. open.

And blockchains, while they're cool and all - decentralization, transparency, revolution, yada yada - made the privacy topic even spicier.

Every transaction is public - so anyone with a few minutes and too much caffeine can see who paid for what, when, and probably guess the rest.

And that's where the Winklevoss twins, the Bitcoin billionaires, are making their next big move.

They announced the launch of Cypherpunk, a Zcash treasury company (Zcash being one of the leading privacy coins).

Their goal? Potentially accumulating up to 5% of the entire Zcash supply.

Tyler Winklevoss tweet about Cypherpunk

Source: @tyler

The reason they’re doing this now: AI is getting smarter. Fast.

And as AI gets better at analyzing patterns and connecting dots, public blockchain data becomes an even bigger risk.

They argue that Bitcoin is amazing for censorship-resistant, open financial infrastructure. But it doesn't offer real privacy. Zcash does - with encrypted transactions that only the sender and receiver can view.

So they're betting the future needs both:

👉 Bitcoin for open, decentralized value;

👉 Zcash for private, secure transactions when you don't want your entire history sitting there for anyone (or any algorithm) to decode.

So, if you've ever wondered why privacy coins matter, this is the reason.

In a world where AI can analyze millions of data points instantly, protecting your transaction history isn't paranoia; it's just common sense.

Privacy tech is about having control over who sees what. And that's becoming more important every year.

Divider

🍋 News drops you can't miss

🚩 World Liberty Financial, a crypto platform backed by the Trump family, is under fire for freezing people's wallets while claiming to be 'community governed.' The whole mess started when they decided to take funds from wallets hit by a phishing scam before launch and give them to others.

🇮🇳 India's looking at rules for stablecoins in its Economic Survey 2025 - 2026. Meanwhile, the RBI isn't keen on crypto in general and is mostly focused on launching its own digital currency.

🛡️ More Singapore crypto traders are picking safer, trusted exchanges over chasing the lowest fees. A new survey says most folks there care more about reliability than trying to save a few bucks.

Divider

🍌 Juicy memes

Meme about cryptocurrency trading and the phrase "to the moon."

Source: @CryptoMemes

Meme about balancing work and relaxation in the context of trading.

Source: @alifarhat79

Meme about contrasting thoughts on relationships and financial loss.

Source: @dogeofficialceo

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

Loading...
binance
×
Verified

GET EARLY REWARDS

Join Ogvio Waitlist
Rating
5.0