February 6 News, the cryptocurrency market experienced another heavy decline on Friday, with Bitcoin, Ethereum, BNB, and XRP all falling by double digits. The leveraged market liquidation amount exceeded $2.5 billion. Data shows that Bitcoin dropped 8.63% in a single day, retreating nearly 18% from the Thursday high of $73,639. During the day, it briefly touched $60,255, the lowest level since October 2024, then rebounded to around $64,600, but still down 34% from the year's high. Ethereum declined about 10%, hitting a low of $1,756, marking a nine-month low; BNB briefly fell below $600, with a daily drop of approximately 11%. Mainstream tokens such as Ripple, Solana, Dogecoin, and Cardano generally fell by 12% to 16%. Tokens like LEO, Monero, and Official Trump experienced even more severe declines. The total market capitalization shrank to approximately $2.27 trillion on that day.

January 30 News, the debate over 'Will XRP rise to $100' has heated up again. Former Ripple Chief Technology Officer David 'JoelKatz' Schwartz recently responded on social media, saying he is reluctant to give an absolute denial, but using 'market mathematics' to point out: if a large amount of rational funds genuinely believe that XRP has a high probability of hitting $100 within a few years, then the current price cannot stay low for long. Schwartz explained that if the market generally believes that there is even a 10% chance that XRP will reach $100 within several years, then rational investors should quickly absorb the chips, and the circulating supply below two digits will soon be exhausted. However, in reality, the price remains far below this threshold, which means that not many are truly willing to bet their funds on that probability. He straightforwardly stated that the market price itself has 'voted' for this judgment.

January 30 News, XRP once again became the focus of the crypto community due to a real-time price display error during a television program. During this week's CNBC "Crypto World" show, the screen once displayed XRP at $126.01, which was over 6500% higher than the actual price of about $1.90 at the time, instantly igniting social media discussions. Looking back at the footage, the program was broadcasting a hearing by the U.S. Senate Agriculture Committee on the structure of the crypto market. Bitcoin and Ethereum prices were normal, but when the camera switched to XRP, the price suddenly jumped to three digits. The show's producers later confirmed that this was a pure technical error caused by mistakenly applying Solana's spot price at the time to the XRP segment.

CoinShares' latest Digital Asset Weekly Report shows that global crypto funds experienced approximately $454 million in net outflows last week, nearly offsetting the roughly $1.5 billion inflow accumulated over two trading days at the beginning of the year. The core background of the change in sentiment lies in the market’s noticeably weakened expectations of a rate cut by the Federal Reserve in March. From a macro perspective, recently released US economic data have reinforced the judgment to "maintain interest rates unchanged." According to interest rate pricing tools, the probability of a rate cut in March has fallen to single digits. CoinShares pointed out that this change in expectations has prompted some institutions to quickly adjust their risk exposure, triggering consecutive days of fund withdrawals.

Recently, Hedera (HBAR) on-chain activity has shown a significant increase, directly driving HBAR's price up by about 4% in a single day, making it one of the relatively prominent mainstream cryptocurrencies in the market. Multiple core network indicators have also strengthened simultaneously, indicating that this rise is not merely driven by sentiment but is supported by fundamental data. From a network performance perspective, Hedera's testnet transaction per second (TPS) has risen to 44, while the mainnet TPS has exceeded 100 a few days ago. This level indicates that developer testing and application interactions are accelerating, the technical usage frequency of the Hedera ecosystem is significantly increasing, and it also suggests that decentralized finance and enterprise-level applications are gradually being implemented on this network.

On Friday, the price of Bitcoin remained around $90,000, supported by short positions covering and bargain buying. Market maker Flowdesk stated that these factors helped alleviate recent dumping pressure, leading to a more stable market performance. Meanwhile, traders are widely betting that the Fed may cut interest rates in December, a sentiment that is affecting multiple asset classes, including Crypto Assets. Ethereum is slightly above $3000, showing some buying interest returning. However, compared to Bitcoin, Ethereum has experienced greater selling pressure over the past month. Prediction platform Polymarket shows that traders believe there is a 74% probability that Bitcoin will maintain a weekly high of $92,000 by the end of November, while the probability of breaking above $96,000 is in the single digits. The continued outflow of ETFs still poses resistance to price increases, and traders expect that once Bitcoin rebounds to around $95,000, supply pressure may increase again.