itz_ashu

$BTC $SOL $ETH
🔍 Top Stories:
1. Bitcoin drops below $90,000:
Bitcoin recently slipped below the $90K mark for the first time in months, losing all its 2025 gains.This decline is attributed to broader risk off sentiment, uncertainty around interest rate cuts in the U.S., and weakening bullish momentum.Why it matters: When Bitcoin (as the market leader) falls this sharply, it often drags broader crypto assets and may influence investor sentiment amid risk aversion.
2. Major crypto market sell off; over $1 trillion value wiped:
The wider crypto market (including Ethereum, Solana, etc.) is taking a hit losses across many assets, indicating a broader correction rather than isolated weakness.Key numbers: Solana dropped 6.1%, Ether 6.4%, Bitcoin 3.9% in recent sessions.Why it matters: These scale of drops raise questions about whether the market is entering a deeper down cycle or just a temporary correction.
3. Kraken valued at $20 billion in recent funding:
Amid the rough market, one bright spot: Kraken (crypto exchange) raised a new round, valuing it around $20B up 33% in under two months.Why it matters: Despite the market downturn, investors are still backing strong crypto infrastructure firms signalling long term bets.
4. Electricity theft for crypto mining hits Malaysia’s utility firm:
Tenaga Nasional Bhd (Malaysia’s national utility) lost more than US$1 billion in revenue due to unauthorized crypto mining and electricity meter manipulation between 2020 and 2025.Why it matters: Shows some of the regulatory, infrastructural and environmental pressure points the crypto ecosystem is facing especially mining heavy operations.
5. Signs of accumulation among large holders (whales):
A more positive note: after dropping to $89K, Bitcoin rebounded to $91.8K. At the same time, whale wallets (those holding 1 000+ BTC) hit a four month high.Why it matters: This could hint at turning points if big holders are accumulating, maybe they see value or believe the bottom is near. But this is not a guaranteed signal to trade off.