Grayscale’s Bitcoin Trust (GBTC), the world’s largest publicly traded bitcoin fund, has seen its discount widen to near record highs.

BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co. The decline in BUSD/USDT pair on Binance suggests some traders are moving money into tether.

According to new data, the divergence between Bitcoin whales and retail investors has grown exponentially. It’s important to note that the difference in the behavior of these entities could impact vulnerable retail investors in the long run.

The market trades partially in green as the situation surrounding the crypto market doesn’t seem to be optimistic. Lido Finance has expressed concerns about DeFi protocol post the SEC’s crackdown on Kraken.

The International Monetary Fund (IMF) has issued a critical statement regarding El Salvador’s Bitcoin bonds. The global body published a report stating that the country should address any risks.

Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter thread, Back, one of the contributors to Bitcoin core, explained to his 509,000 followers what situation Hal Finney’s $10 million price prediction for BTC could come true. He noted that BTC has doubled in price year-on-year on average since 2013 and explained that if that trend continues, BTC price would reach $10M along with a $200 trillion market cap in around nine years time. (Cointelegraph)

Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.”

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that “everything will crash,” including gold, silver, and bitcoin. However, he sees crashes as buying opportunities, noting that he will buy more bitcoin.

The International Monetary Fund said the risks of El Salvador's bitcoin adoption "have not materialized" — primarily thanks to its "limited" use — but caution is warranted.

A study by BanklessTimes revealed that 67% of respondents aged 27-42 consider bitcoin a safe haven.