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BTC re-takes $70,000 as Michael Saylor addresses Quantum Computing threat

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BTC re-takes $70,000 as Michael Saylor addresses Quantum Computing threat

Crypto markets are adding to overnight gains in U.S. morning trade on Friday, with bitcoin BTC$70,271.59 climbing above $68,000, up nearly 17% since hitting $60,000 late yesterday.

Bitcoin is now higher by 2.5% over the past 24 hours. Ether ETH$2,086.85 is up 2.2% and solana SOL$88.38 2%. Outperforming is XRP XRP$1.4693, which has climbed to $1.50, now higher by 17% over the last day.

Crypto-related stocks are seeing major upside moves Friday after plunging in the previous session.

Strategy (MSTR) — which reported a $14.2 billion fourth-quarter loss late Thursdy — is higher by 14%, though at $122, still lower by 22% year-to-date. Galaxy Digital (GLXY) is up 15% and bitcoin miner MARA Holdings (MARA) is up 12%.

Underperforming on Friday is bitcoin miner-turned AI infrastructure provider IREN (IREN), down 1.8% after disappointing earnings results Thursday night.

Saylor gets serious about Quantum

Those looking for bottom signals are pointing to last night’s Strategy earnings call in which Michael Saylor pledged a commitment to leading a Bitcoin security program that will address the quantum threat.

Some in crypto have argued that bitcoin’s security model faces a serious threat from quantum computing — a threat so imminent that many investors are either selling or refusing to allocate to bitcoin at all.

“Saylor’s announcement tells me prices have finally gotten the Bitcoin community to acknowledge and address quantum risk,” wrote Quinn Thompson.

Poised for technical bounce

Paul Howard, director at crypto trading firm Wincent, noted that bitcoin is now back at price levels last seen 14 months ago with key momentum indicator RSI flashing deeply oversold conditions. He added that trading volumes in BTC and ETH have surged to their highest in over two years. That technical setup that often invites at least a short-term bounce.

“It would be odd if we did not see at least some short term reversion here,” he said.

Updated (14:55 UTC): Adds price of bitocin rising past $70,000.

intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency

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intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency

intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms. 

The partnership will see Söderberg & Partners’ proprietary tools integrated directly into the intelliflo platform, enabling intelliflo system users to access enhanced functionality through a seamless, connected experience. 

Beyond the technology integration, both organisations are committed to jointly defining a dedicated Söderberg & Partners adviser journey. By combining intelliflo’s market leading advice platform with Söderberg & Partners’ expertise and tools, the partnership aims to significantly reduce operational friction and unlock meaningful efficiency gains for partner firms.

The collaboration reflects a shared ambition to help advisers spend less time on administration and more time delivering value to clients, while supporting scalable, sustainable growth. 

Commenting on the partnership, Walter Nunez Ovtcharenko from Söderberg & Partners said: “We are thrilled to enhance our partners’ experience by integrating Söderberg & Partners’ innovative advisory tools with the Intelliflo platform. This collaboration is a testament to our commitment to provide superior technology solutions, enabling our partners to achieve greater efficiency and success in their advisory services.” 

Nick Eatock from intelliflo said: “We are always looking for ways to increase efficiencies for our adviser community and free up valuable time. Söderberg is a valued partner in helping us achieve this ambition, and we look forward to collaborating with their team to bring new solutions to advisers as the organisation continues to grow. Their partnership has been instrumental, and our modern technology enables seamless integration with the Söderberg ecosystem. We’re excited to build on this strong relationship and deliver even more options as their offering expands.”

Representatives from both organisations said the partnership marks an important step in strengthening collaboration across the advice ecosystem and delivering practical innovation that makes a real difference to firms. 

Both intelliflo and Söderberg & Partners are excited to work more closely together as they continue to develop integrated solutions that support adviser success in an evolving regulatory and operational landscape.

The record breaking stats from BTC’s capitulation on Thursday signal a bottom is near

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The record breaking stats from BTC’s capitulation on Thursday signal a bottom is near

Bitcoin’s BTC$70,830.66 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall.

The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop — or, as some market participants call it, a candle — of more than $10,000. The day’s 14% decline was the largest single-day drop since November 2022, during the implosion of crypto exchange FTX.

The Fear and Greed Index dropped into single digits, a level seen only a handful of times in bitcoin’s 17-year history. At the same time, bitcoin was the third most oversold it has ever been on the RSI, an indicator that measures the speed and change of price movements.

Supply in profit and loss

The circulating supply in loss, meaning the number of coins that last moved at prices higher than the market price, surged to almost 10 million BTC. That is the fourth-highest level ever, comparable with the 2015, 2019 and 2022 bear-market bottoms.

Total Supply in Loss (Glassnode)

Another measure, the amount of long-term holders’ circulating supply that is at a loss, reached 4.6 million BTC. At the lows of previous bear markets, the figure exceeded 5 million BTC, suggesting this metric is approaching, but has not yet fully matched, prior extremes.

Total Supply in Loss by LTHs (Glassnode)

Total Supply in Loss by LTHs (Glassnode)

Supply in profit and supply in loss have nearly converged, a condition that has historically aligned with the bottom of major market declines. At present, roughly 10 million BTC sit in profit and 10 million BTC sit in loss.

While nobody knows for certain whether the bottom is in for bitcoin, history suggests it is likely close, especially with bitcoin already recovering toward $68,000.

Still, market participants may be waiting for bitcoin to test its 200-week moving average, currently near $58,011.

Macro ‘Accomodative Policies’ May Not Be The Next Big Catalyst For Bitcoin

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Macro ‘Accomodative Policies’ May Not Be The Next Big Catalyst For Bitcoin

Bitcoin’s next major catalyst may come from the common assumption being flipped on its head that interest rates are bullish for Bitcoin only when they fall, according to a crypto analyst.

“I think we should expect that having more accommodative policies may in fact actually not be the catalyst to help us go into a bull market,” ProCap Financial chief investment officer Jeff Park said during an interview with Anthony Pompliano on Thursday.

“We have to accept that reality and possibility,” Park said. Accomodative policies, such as lowering interest rates, are employed by the US Federal Reserve to stimulate economic growth, reduce unemployment, and increase liquidity. Bitcoiners often see these conditions as more favorable for riskier assets such as Bitcoin (BTC), as traditional investments like bonds and term deposits become less attractive.

Jeff Park spoke to Anthony Pompliano on The Pomp Podcast. Source: Anthony Pompliano

Rising interest rates are usually seen as a negative for Bitcoin, but Park said that may not be the case forever. He said Bitcoin’s next biggest upside catalyst — and potentially its “endgame” — may be its entry into what he called a “positive row Bitcoin,” where the asset’s price continues to rise even as US Federal Reserve interest rates rise. 

“Perfect holy grail” for Bitcoin

“This is the mythical, elusive perfect holy grail of what Bitcoin is meant to be, which is when Bitcoin goes up as interest rates go up, which is very counterintuitive to the QE theory,” he said.