According to the rather observant blockchain analytics platform, Elliptic, the outgoing transaction volumes on the mighty Nobitex exchange have been nothing short of explosive following the strikes. Such a spectacle-one might wonder if Nobitex’s engineers are applauding this unforeseen surge of excitement.
According to the folks at Brave New Coin, Ethereum is down 3.76% in the last 24 hours. Short-term stabilization attempts are as visible as a chameleon at a tie-dye convention, but the broader picture? Still looks like a bear’s picnic. TedPillows, the market analyst with a name that sounds like a discount furniture store, pointed out that ETH has closed 12 of the last 15 months in the red. That’s not just a streak-that’s a full-on red carpet to nowhere.
The catalyst for all this? The Strait of Hormuz, that humble yet vital strip of water through which a significant portion of the world’s oil flows, is now a hotbed of geopolitical strife. Oil prices soar, global markets wobble, and in the midst of it all, XRP-linked exchange-traded products (ETPs) are drawing money like bees to honey. Bitcoin (BTC) and Ethereum (ETH), meanwhile, seem to be hemorrhaging investments as fast as one might pour water from a cracked jug, according to the latest reports from SoSo Value.
This is not far from the recent trend as, since Feb. 3, the Dogecoin ETFs recorded zero daily net inflows but saw minor trading, with total value traded ranging between $150,000 and $1.37 million in this time frame. A thrilling spectacle, akin to watching a sloth race a snail.
According to the ever-optimistic Brave New Coin, Ethereum is down by 3.76% in the past 24 hours, dangling precariously on the edge of uncertainty. Sure, there’s some weak stabilization here and there, but the broader picture? Oh, it’s leaning bearish, like a tired man at the end of a long week.
Ah, Turkey, always keeping things spicy. The AK Party, in a move to stay relevant in the crypto age, has submitted a draft law to parliament proposing a delightful 10% tax on crypto income, because who doesn’t love more taxes, right? Oh, and don’t forget the 0.03% transaction levy on those pesky crypto platforms.
Let’s paint the scene: XRP’s been doing the financial equivalent of a sad trombone soundtrack-lower highs, lower lows, and a descending channel tighter than your mum’s Christmas jumper. Every time it tries to rally past $2.00, it’s shot down like a bad Tinder date. The upper channel’s basically a bouncer at an exclusive club, and XRP’s got no VIP pass. Momentum? More like “meh-mentum.”
South Korea has ordered a nationwide audit of seized cryptocurrency after a series of security failures exposed gaps in oversight.
He wanted to know whether he could convert his ETH into an ETF, then use that position on margin to buy crypto-related equities. Because nothing says “financial sophistication” like trading Bitcoin for a piece of paper that’s just as volatile, but slightly more regulated. Martin, clearly a man of few surprises, was “shocked” (read: mildly amused) by this request. He told BeInCrypto in an exclusive interview at Liquidity Summit 2026 in Hong Kong that this guy’s obsession with ETFs is “the staple of what’s going on right now.” Spoiler: it’s not a staple. It’s a crutch.
On this oh-so-glamorous daily chart, Bitcoin remains a humble servant beneath both the 100-day and 200-day moving averages-an unmistakable sign of a bearish trend. It lingers within a broader downward channel, much like a rat trapped in a maze, unable to find its way out. The old support zone around $75,000-$80,000 has now transformed into an unforgiving supply region, a place where rallies are sold faster than a black-market Rolex. As long as Bitcoin refuses to scale the mid-$70,000s, any rally is merely a trap for the unwary, especially if it stumbles near those pesky moving averages.