Kategorie: Crypto Markets

• Ripple’s XRP dropped nearly 5% in 24 hours and 20% in the past week.
• Bitcoin’s dip to $72,900 saw XRP come close to breaking below $1.50.
• XRP saw over $19 million in ETF inflows on February 3, 2026.

XRP has fallen sharply, shedding about 20% over the past week to trade near the critical $1.50 level.

The Ripple cryptocurrency, which has declined by about 5% over the past 24 hours amid a broader crypto market downturn, risks dipping below a key level despite witnessing a fresh uptick in exchange-traded fund inflows.

Overall bearish pressure has led the cryptocurrency market cap to drop to $2.66 trillion, with the crash on “Black Sunday II” having plummeted Bitcoin to under $73,000 on Wednesday.

Meanwhile, top altcoins such as Ethereum, BNB, and Solana have also sold off significantly.

ETH, SOL and BNB dropped to $2,100, $91 and $727 respectively on Wednesday.

Key triggers include President Trump’s tariff threats, panic sell-offs amid  a risk asset dip, and negative reaction to Federal Reserve policy fears and the recent nomination of Kevin Warsh as the next Fed chair.

Institutional ETF inflows have failed to stem the downside action.

XRP price slips towards $1.50

XRP’s slide to near $1.53 across major exchanges amid risk-off sentiment means that another slip could push prices lower.

Data shows Ripple futures open interest currently averages $2.53 billion, and aligns with the shrinking retail demand and trader caution.

Per CoinGlass data, OI has shrunk from over $8.3 billion on October 10, when a bloodbath pushed XRP price from above $2.80 to under $2.30.

Sellers have since seen prices hit lows under $1.55, with the downside accelerating since January 6, 2026, when prices retested the $2.30 level.

A dip in OI points to a sustained decline in retail interest, which has previously impacted bulls.

The trend holds despite digital asset investment products, including spot XRP ETFs, seeing notable cumulative inflows over the past week.

Spot XRP ETFs also attracted net inflows on Tuesday, with about $19.4 million in net inflows.

What’s next for the Ripple (XRP) price?

Bitcoin’s drop to $72.8,000 exacerbates the bearish outlook, despite the swift bounce as investors reacted to developments that prevented a US government shutdown. However, bears are still in control.

XRP has lost over 33% in the past month, hitting $1.53 on February 4 and extending declines from January highs around $2.35.

Analysts say $1.53-$1.50 is a potential key reload zone, but buyers must absorb the likely pressure.

Bearish risks persist amid macro caution, and another leg down might potentially see sellers test lows of $1.25. However, the upside amid a bullish divergence has $1.59 as a key pivot towards $2.00.

The post XRP price risks drop below $1.50 amid crypto market crash appeared first on CoinJournal.

• SUI slid below $1.10 amid a broad crypto selloff, tracking weakness in bitcoin and major altcoins.
• Hong Kong’s HashKey Exchange will list SUI/USD for professional investors from Feb. 4.
• A potential bullish reversal could see Sui price target $1.20-$1.34.

HashKey Exchange, Hong Kong’s largest licensed cryptocurrency platform, is set to list Sui, a development that comes as the token struggles amid a sharp downturn across digital asset markets.

Sui’s native token, SUI, has come under heavy selling pressure in recent sessions, sliding below $1.10 as the broader crypto market sold off aggressively.

The decline coincided with Bitcoin trading around the $78,000 level, triggering losses across major and mid-cap tokens.

SUI, now ranked outside the top 20 cryptocurrencies by market value, was trading around $1.13 as of Feb. 3, 2026.

Why did SUI plummet?

SUI’s pullback has largely tracked the wider risk-off move in crypto markets.

The token is down about 12% over the past week, reflecting volatility seen across high-beta digital assets.

Solana, for example, dropped to a 10-month low below $100 during the same period.

The selloff has been driven by a combination of macroeconomic uncertainty and profit-taking following earlier rallies.

These pressures persisted despite US President Donald Trump nominating crypto-friendly Kevin Warsh as his pick for the next Federal Reserve chair, a move that had initially been viewed as supportive for digital assets.

However, with SUI hovering around $1.13 as of February 3, 2026, bulls are likely to get a major boost from news of a fresh listing on Hong Kong’s largest crypto platform HashKey Exchange.

HashKey Exchange to add SUI/USD trading

Sentiment around SUI may find near-term support from a new exchange listing.

HashKey Exchange announced on Feb. 3 that it will list the SUI/USD trading pair.

According to the exchange, over-the-counter trading in SUI/USD will open at 16:00 Hong Kong time on Feb. 4, 2026.

Deposits and withdrawals for SUI are already live, allowing qualified participants to prepare ahead of trading.

Access to the product will be limited to professional investors, in line with Hong Kong’s regulatory framework.

📣 New Listing: SUI is coming to HashKey Exchange! @SuiNetwork

✅ Deposits & Withdrawals: Open
✅ Trading Pair (Spot) : SUI/USD
✅ Listing Time: 16:00 (UTC +8), Feb 4

👤 Available to: Professional Investors

🎯 First 1000 to complete these tasks share 20 HKD! (1000*20)
✅… pic.twitter.com/cWF7ubxrks

— HashKey Exchange (@HashKeyExchange) February 3, 2026

HashKey Exchange operates under the city’s Virtual Asset Service Provider regime and has positioned itself as a compliant venue focused on security and institutional-grade access to digital assets.

The listing is expected to improve regional liquidity for SUI, particularly as interest grows in high-throughput Layer-1 blockchains used in decentralised finance and Web3 applications.

Sui price prediction

Historically, listings on major Asian exchanges have often led to spikes in trading activity for altcoins, driven by institutional and regional participation.

While HashKey’s OTC focus narrows the immediate investor base, broader market stabilisation could amplify the impact of the listing.

From a technical perspective, SUI appears oversold following the recent decline.

The relative strength index has moved deep into oversold territory, suggesting the potential for a short-term rebound.

A recovery would likely see $1.12 acting as a key support level.

Near-term resistance is seen in the $1.20 to $1.34 range, with the upper end marking a previous area of demand.

However, momentum indicators such as the MACD remain bearish, pointing to ongoing downside risks.

If buying interest fails to build, SUI could face renewed pressure below the $1.00 level.

As with the broader crypto market, the token’s direction is likely to remain closely tied to shifts in risk sentiment and bitcoin price action in the days ahead.

 

The post SUI slides amid crypto selloff as HashKey Exchange confirms new listing appeared first on CoinJournal.

• Solana price fell to lows of $96 as cryptocurrencies crashed.
• Declines align with fresh outflows from digital asset investment products.
• SOL saw over $31 million in net outflows last week, the first in three weeks.

Solana (SOL) fell below $100 for the first time since April 2025 as a sharp sell-off pushed Bitcoin under $75,000.

As BTC dumped to its lowest level in nearly 10 months, Solana touched lows of $96.43.

This happened as crypto markets experienced extreme volatility.

Dips for all the top coins, including Ethereum and XRP, resulted in over $2.5 billion in liquidations in 24 hours.

Per data from Coinglass, more than $4 billion in long positions have been liquidated across the crypto market over the past 4 days.

Most of the bets wiped out were longs, with this coming amid Friday’s historic collapse in metals.

Gold dumped from above $5,500 and silver plunged 39%, losses that cascaded across the crypto sector.

The wipe-out is one of the largest liquidations in crypto, with the top of the ladder being the nearly $20 billion liquidated in October 2025.

SOL sees $31.7 million in investment outflows

The dramatic collapse in crypto prices coincided with a sharp surge in capital exit from digital asset investment products.

According to asset manager CoinShares, the digital asset market recorded a second straight week of outflows, with over $1.7 billion exiting amid the panic selling.

The outflows mean the sector has now reversed year-to-date inflows, pushing global year-to-date net flows to $1 billion.

CoinShares head of research James Butterfill said the redemptions signal “a marked deterioration in investor sentiment towards the asset class.”

“We believe this reflects a combination of factors, including the appointment of a more hawkish US Federal Reserve Chair, continued whale selling associated with the four-year cycle, and heightened geopolitical volatility,” Butterfill added.

Notably, Solana saw over $31.7 million in net outflows last week, the altcoin’s first weekly outflow in three weeks.

Solana price prediction: $100 remains the key level

Bears have established dominance in the first weeks of 2026, continuing the trend witnessed in the last quarter of 2025.

Macroeconomic conditions and geopolitical headwinds have contributed to this outlook, and analysts at QCP point to the ETF outflows and broader sentiment as likely negative catalysts for cryptocurrencies in the short term.

SOL could nosedive under $100 amid this trend. A retest of the $96-$80 area will embolden bears further.

However, a flip in sentiment portends a continuation above the psychological level.

Solana price was above $102 at the time of writing, slightly up as other coins eye a rebound.

If Bitcoin reclaims $82,000 and risk assets stabilise, SOL price could target the $120-$135 supply wall next.

The post Solana price falls to 10-month low amid ETF outflows appeared first on CoinJournal.

• XRP slid to near $1.5 amid a broad crypto selloff and $2.5 billion in liquidations, before a modest rebound.
• Heavy liquidations, weak volumes, and bearish indicators keep XRP’s near-term technical outlook fragile.
• Ripple secured an EU EMI license in Luxembourg, boosting its regulatory footing despite XRP volatility.

XRP slid sharply over the weekend as a broad risk-off move swept through cryptocurrency markets, triggering heavy liquidations and pushing the token to its lowest level since December 2025.

The selloff came alongside steep declines in Bitcoin, Ethereum and even traditional safe havens such as gold and silver, underscoring the depth of the market rout.

The turbulence unfolded even as Ripple, the payments firm closely associated with XRP, secured a key regulatory milestone in Europe after receiving final approval for an Electronic Money Institution license in Luxembourg, strengthening its ability to scale regulated payment services across the European Union.

XRP slides to multi-month lows amid broad market selloff

XRP is attempting to stabilise after a sharp weekend selloff that dragged its price down to around $1.5, as bearish pressure swept through cryptocurrency markets.

After failing to sustain gains near $1.8, the token fell to its lowest level since December 2025.

The decline came amid a broader market rout that saw Bitcoin slide below $75,000, and Ethereum drop toward $2,100, pulling most major altcoins lower.

The risk-off move extended beyond crypto.

Gold, which had recently climbed above $5,500 an ounce, fell to about $4,620, marking its steepest single-day decline in more than a decade, while silver also posted heavy losses.

Over $2.5 billion liquidated

Selling pressure intensified as the US entered a partial government shutdown, while markets showed little reaction to President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair.

Warsh is widely viewed as supportive of digital assets.

In crypto markets, more than $2.5 billion in leveraged positions were liquidated on Jan. 31.

According to Coinglass, this ranked as the 10th-largest liquidation event on record, though well below the $19 billion wipeout seen during the October 10, 2025 crash.

On-chain data showed that more than $10 million in XRP positions were liquidated in the past 24 hours, with about $7.4 million of those in long positions.

CoinGlass data indicated that more than 4,300 traders were affected, while daily volatility in XRP exceeded 7.5%.

Some market participants blamed Binance for exacerbating the selloff, though the exchange and its former chief executive Changpeng Zhao rejected those claims.

Technical outlook remains fragile despite modest rebound

XRP’s market capitalisation has fallen to roughly $97 billion, reflecting a sharp contraction as investors moved away from risk assets.

Daily trading volume declined 16% to around $5.4 billion, signalling weakening liquidity and limited buying interest.

From a technical perspective, the daily chart remains broadly bearish.

While the relative strength index suggests a potential rebound from oversold levels, weak momentum could limit upside.

The MACD continues to indicate strengthening bearish conditions, with the histogram widening.

As of Monday, February 2, XRP was trading near $1.6, recovering modestly from its weekend lows.

A sustained break below $1.5 could open the way toward the $1.24 support area.

On the upside, a move back above $1.8 may help stabilise sentiment and allow for a potential retest of the $2.00 to $2.30 range.

Ripple secures EU EMI license in Luxembourg

Ripple has received final approval from Luxembourg’s financial regulator for a full Electronic Money Institution license, converting a preliminary authorization granted in January.

The license, issued by the Commission de Surveillance du Secteur Financier, enables Ripple to scale its blockchain-based payments and digital asset services across the European Union under a regulated framework.

The approval builds on Ripple’s recent regulatory gains in the UK, where the Financial Conduct Authority granted the firm an EMI license and crypto asset registration, strengthening its European expansion strategy.

The post XRP slides to multi-month lows as liquidations surge amid market rout appeared first on CoinJournal.

• Kevin Warsh nominated as Fed Chair, pending Senate confirmation.
• Known for hawkish policy yet supportive of cryptocurrencies.
• Markets and crypto reacted quickly to the nomination news.

US President Donald Trump has officially nominated Kevin Warsh as the next Chair of the Federal Reserve.

The announcement came through Trump’s social media platform, highlighting Warsh’s experience and expertise.

Warsh, 55, is a former member of the Federal Reserve Board of Governors, having served from 2006 to 2011.

He was on the Fed during the 2008 financial crisis, giving him significant insight into economic turbulence.

Warsh also brings a strong academic and professional background, with a degree from Stanford University and a law degree from Harvard.

Before joining the Fed, he worked as an investment banker at Morgan Stanley and served in the George W. Bush administration.

Currently, he is a fellow at the Hoover Institution and a lecturer at Stanford Graduate School of Business.

Trump’s nomination is not yet final, as Warsh must receive confirmation from the US Senate.

The confirmation process is expected to be closely watched and potentially contentious.

A hawkish yet crypto-friendly choice

Warsh is known for his hawkish stance on inflation and interest rates.

He has criticised the Fed’s past policies of ultra-loose monetary stimulus and large asset purchases.

However, Warsh is seen as more open to digital assets than current Fed Chair Jerome Powell.

In a recent interview on Hoover Institution has suggested that Bitcoin (BTC) and other cryptocurrencies could act as a form of market discipline rather than a threat.

This perspective has drawn attention from the crypto community, which is eager for more favourable regulatory approaches.

Analysts note that Warsh’s approach could influence both traditional markets and the cryptocurrency sector.

Investors are already adjusting expectations for the dollar, equities, and digital assets.

Bitcoin, in particular, has experienced volatility as traders react to Warsh’s nomination.

Warsh’s potential policies could emphasise balance-sheet reduction and controlled rate hikes.

This combination of hawkish monetary policy and crypto openness is relatively unique for a Fed Chair.

Market reaction

Markets reacted quickly to the nomination, with some risk assets experiencing a short-term pullback.

Traders are pricing in the possibility of tighter monetary conditions under Warsh’s leadership.

Prediction markets had already favoured Warsh before the official announcement.

His nomination underscores the importance of Fed leadership for global markets, inflation, and economic stability.

The Senate confirmation process will likely draw debate over Fed independence and Trump’s influence on monetary policy.

Warsh’s blend of Wall Street experience, central bank knowledge, and crypto-friendly views makes him a notable pick.

If confirmed, he would face the challenge of balancing inflation control with market expectations for digital assets.

His tenure could set a new precedent for how the Fed interacts with cryptocurrencies.

The post Trump taps crypto-friendly Kevin Warsh to lead the Federal Reserve appeared first on CoinJournal.