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JPMorgan: Bitcoin's Long-Term Attractiveness Relative to Gold Rises

2 hours ago

On February 5, JPMorgan Chase noted that Bitcoin’s long-term appeal versus gold has grown following gold’s strength and rising volatility. While cryptocurrencies have weakened recently, Bitcoin’s current trading price remains well below its $87,000 average production cost—a level historically viewed as a relative bottom. Over the long term, Bitcoin holds significant upside potential.
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Ethereum Breaks Below $2000 After 273 Days, Down 8.2% in 24 Hours

On February 5, Ethereum fell below $2,000 for the first time in 273 days, per HTX market data. The cryptocurrency is down 8.2% over the past 24 hours, hitting its lowest price since May 8, 2025.

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Bitcoin Drops Below $69,000, Falls Below Last Bull Market's Peak After 1557 Days

February 5th — Bitcoin dropped below $69,000, per HTX market data, falling below its prior bull market peak after 1557 days.

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Cryptocurrency Market Cap Shrinks by Nearly $1 Trillion in 22 Days, Decreasing by $45 Billion Daily

February 5th: The cryptocurrency market has shed $1 trillion in capitalization since January 14, with total valuation now at $2.438 trillion—down 5.9% over the past 24 hours. The $1 trillion drop unfolded in 22 days, averaging $45 billion in daily losses.

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Gemini to Cease Operations in the UK, European Economic Area, and Australia

Cryptocurrency exchange Gemini announced on February 5 that it will wind down services for customers in the UK, European Economic Area (EEA), and Australia, with the following key timelines: - Starting March 5, 2026: All accounts in these regions will transition to withdraw-only mode. - Starting April 6, 2026: Gemini will close all customer accounts in the UK, EEA, and Australia. Earlier, Gemini had already revealed plans to cease UK operations, with accounts shifting to withdraw-only on March 5, 2026.

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A newly created wallet has accumulated 55,483 ETH over the past 2 days, worth $115.16 million

On February 5th, LookOnChain monitoring data reveals that a newly created wallet has withdrawn 55,483 ETH—valued at $115.16 million—from cryptocurrency exchange WhiteBIT over the past two days.

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Longling Capital affiliated wallet withdraws 8,500 ETH from Binance, worth $17.51 million

On February 5, per LookOnChain monitoring, a wallet linked to Longling Capital (0x3478)—known for its low-buy, high-sell strategy—has just withdrawn 8,500 ETH from Binance, valued at $17.51 million.

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