PGI CEO sentenced to 20 years in prison for $200 million Bitcoin Ponzi scheme

Russia's return to USD settlement triggers market turbulence. Can Bitcoin brew a reversal above $60,000?

February 13 News, geopolitical tensions continue to impact global risk assets. Since the beginning of this week, financial market capitalization has evaporated by approximately $120 billion, with major stock indices retreating to pre-election levels. Amid rising risk aversion, gold initially rebounded but experienced a 3.19% decline on February 12, indicating that market sentiment is still rapidly shifting. On the same trading day, Bitcoin fell by 1.2%, and the U.S. stock market's S&P 500 index dropped by 1.57%, showing a synchronized weakening trend. Bloomberg reported that Russia is re-expanding the use of the US dollar in cross-border settlements, a move seen as an important signal for the global currency landscape. From a technical perspective, the US dollar index, after more than a year of correction, has returned to the 2022 range, and the potential for a rebound could enhance the attractiveness of dollar assets.

Bitcoin price approaches a key support level. Can BTC rebound 23.6% to challenge the 50-day moving average?

February 13 News, Bitcoin prices continue to fluctuate near a critical support zone. The short-term downtrend has not yet reversed, but technical indicators show the market is under high tension, and a rebound window is brewing. As of press time, Bitcoin is trading around $66,381, down approximately 1.7% in the past 24 hours, with intraday volatility significantly increasing, reaching a high of $68,300 before quickly falling back to the $65,200 range. It is currently hovering around $66,000. From a multi-timeframe perspective, short-term momentum remains weak, with declines in the 1-hour, 24-hour, and 7-day charts. The 14-day and 30-day periods have each fallen more than 20% and 30%, respectively, indicating that medium-term selling pressure still dominates. The daily chart structure remains in a bearish trend, with prices well below major moving averages. The 50-day moving average is at $82,024, and the 100-day moving average is above $88,526. To retest the 50-day moving average, Bitcoin needs to rise approximately 23.6% from the current price, which is also considered the most important dynamic resistance zone at present.

Bitcoin plummeted 30% this month, as a whale transferred 7,800 BTC to the exchange platform, sparking concerns of a new round of selling pressure.

February 13 News, Bitcoin prices continue to weaken, falling another 1.39% in the past 24 hours, with a total decline of over 30% this month. Against the backdrop of a weak macro environment, on-chain data shows that the concentrated transfer behavior of some whales is amplifying the short-term market volatility risk. The on-chain tracking platform Lookonchain disclosed that a whale address marked as 3NVeXm has been transferring Bitcoin to trading platforms for the past three weeks. Initially, the scale was small, but it has recently accelerated significantly. On February 11, this address transferred 5,000 BTC in one go, followed by an additional 2,800 BTC. Arkham data indicates that these large inflows closely coincide with the decline in Bitcoin prices. Lookonchain pointed out that every time this address makes a transfer, the price quickly drops.

BlackRock executive denies the speculation that "IBIT hedge fund collapse triggered a Bitcoin plunge": IBIT is very stable, with fund redemptions only at 0.2%

BlackRock Digital Asset Head Robert Mitchnick stated that institutional investors and banks are buying Bitcoin on dips, and clarified that the IBIT hedge fund collapse did not cause a significant drop in Bitcoin. The market reflects the steady stance of long-term investors.

Anthropic valuation soars to $380 billion: Will the AI capital frenzy intensify Bitcoin market volatility?

On February 13, news broke that Anthropic, OpenAI's strongest competitor, announced the completion of a $30 billion Series G funding round, with a post-money valuation of approximately $380 billion, reigniting global capital enthusiasm for the artificial intelligence sector. This round was led by GIC and Coatue, with participation from Founders Fund, Sequoia Capital, BlackRock, Temasek, Microsoft, NVIDIA, and other institutions. Meanwhile, the company's annual revenue has risen to about $14 billion, maintaining a tenfold growth over three years, and is expected to approach $18 billion this year. This phenomenon not only reshapes the landscape of tech investment but also subtly influences the capital structure of digital assets. As AI tools can replace various SaaS services, enterprise software valuations come under pressure. Bloomberg reported that in early February, software stocks lost approximately $285 billion in market value over a single week. Market analyst Jim Bianco pointed out that the trends of Bitcoin and software stocks are highly synchronized, driven by the same underlying force: the flow of private credit funds.