![4 February Weekly Crypto Market Update [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/financiera-comercial-grafico_XtraLarge.jpg)
Description: VanEck resubmit application, within one week of pulling ETF; Fidelity March Launch of custody/trading; Wyoming pass law recognising crypto as fiat; Trump may pick Bitcoin optimist and more...
Author
Ben Sebley
NKB Group
Before joining NKB Group as Head of Brokerage, Ben Sebley was a top-ranked senior sales trader covering emerging market equities at Credit Suisse.
Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.
Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.
The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.
Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.