Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

BTC Falls Below $98,000, 24-Hour Decline of 0.24%

BTC has fallen below $98,000, currently quoted at $97,772, with a 24-hour decline of 0.24%.

Investors Flock to Leveraged Ether ETF That Nosedived on Tariffs

Investors poured record sums into a leveraged exchange-traded fund for Ether that had plummeted on Monday after US President Donald Trump’s initial tariff announcements.

The 2x Ether ETF, which uses futures contracts to deliver twice the token’s daily performance, recorded $246.5 million in net inflows on Tuesday — by far the largest single-day intake since the fund’s inception. Just a day earlier the ETF had fallen as much as 46% amid a market-wide downturn that proved particularly acute for Ether, the second-largest cryptocurrency.

MSTR Q4 Loss Swells More Than Expected on $1B Bitcoin Impairment

Strategy, which earlier on Wednesday rebranded as Strategy, posted a larger-than-expected loss for the last quarter of 2024 as the Michael Saylor-founded company beefed up its bitcoin-buying pace while recording a higher impairment loss.

Some $20B of its $42B capital plan has been completed, "significantly ahead of our initial timelines," said President and CEO Phong Le.

Q4 adjusted EPS of -$3.20, vs. which may not be comparable with the $0.06 consensus, fell from -$1.56 in the prior quarter and $0.56 a year earlier. MSTR rose 0.4% in overnight trading.

Bitcoin Accumulation by Large Holders Continues Amid Market Volatility

According to Foresight News, cryptocurrency market research firm Santiment has revealed that large Bitcoin holders are continuing to accumulate during the current market volatility. Data indicates that in February, the number of wallets holding 100 or more BTC increased by 135, while those holding less than 100 BTC decreased by 138,680. Notably, small retail investors who entered the market for the first time in the past six months have opted to liquidate their holdings due to market fluctuations.

Santiment suggests that this trend of Bitcoin concentration among large holders creates an ideal environment for the rise in cryptocurrency market value, although it may take weeks or months for its impact to be realized.

US Banking Industry May Expand Cryptocurrency Cooperation with Support from Trump Administration

The U.S. banking industry is expected to expand its cooperation with cryptocurrencies with the support of the Trump administration. The Federal Deposit Insurance Corporation plans to revise its guidelines to allow banks to conduct crypto business without prior regulatory approval.

Banks such as JPMorgan Chase and Goldman Sachs have begun testing blockchain technology and cryptocurrency businesses. The FDIC is considering relaxing regulations to allow banks to provide custody services and "tokenized deposits."

Musk Supports Moving U.S. Treasury Transactions to the Blockchain for Transparency

According to Deep Tide TechFlow, on February 6, the crypto research institution Watcher. Guru disclosed on the X platform that Musk supports moving U.S. Treasury transactions to the blockchain for complete transparency.

Bitcoin Spot ETF Flow

On Feb. 5(Eastern Time), the total net inflow for Bitcoin spot ETFs was $66.38 million, according to SoSoValue data.

The Bitcoin spot ETF with the highest net inflow on Feb. 5 was iShares Bitcoin Trust, with a net inflow of $44.35 million. Following that was WisdomTree Bitcoin Fund, with a net inflow of $11.38 million.

As of now, the total net asset value of Bitcoin spot ETFs is $114.71 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.95%.