Crypto
$12.8B
Sage D. Young

Spot crypto ETFs trading in the US saw $12.8 billion of inflows last month, a record high for the investment vehicles, according to Bloomberg senior analyst Eric Balchunas. This translates to $600 million in inflows per day, which is double the average. 

“As a group that’s more than any single ETF did, incl[uding] the Might VOO,” Balchunas said in a social media post. “Further, every ETF in category took in cash (ex the converted Trusts) with Bitcoin and Ether making equal contributions.” 

On July 14, bitcoin reached its all-time high of over $123,000, while ethereum climbed nearly 50% in the last 30 days to briefly touch the $3,900 level on July 28.

Jim Hwang, COO of crypto investment firm Firinne Capital, argued that strong inflows will extend into the future. “I strongly believe it will continue because institutions are really understanding how blockchains can update the financial rails,” Hwang told Sherwood News. “We’ll see more investors appreciating tokens that have real utility.”

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crypto
Yaël Bizouati-Kennedy

Bitcoin drops to lowest level since day after Trump’s election win

Bitcoin dropped to its lowest level since November 6, 2024, the day after the US presidential election, when it had been in ascendance amid unbridled enthusiasm about the incoming “crypto president.”

While the asset had a quick rebound from the weekend bloodbath, it is now down 2.2% in the past hour, which has brought the price below its lows seen in the sessions following the announcement of reciprocal tariffs on “Liberation Day” in April 2025.

It briefly broke below $74,000 and, according to Bernstein analyst Gautam Chhugani, could still “bottom out” in the $60,000 levels.

Several experts said bitcoin was in the throes of a bear market, including Bitwise CIO Matt Hougan, who nevertheless said it was “close to an end.”

Bitfinex analysts said that the broader flow picture suggests a clear risk-off rotation, with investors reallocating toward cash and gold amid rising macroeconomic and political uncertainty.

“In this environment, the lack of ETF absorption has amplified downside volatility, reinforcing the importance of institutional spot demand as a stabilizing force during periods of market stress,” they said.

crypto
Sage D. Young

Standard Chartered predicts solana will more than double in price by end of year

The price of solana is trading at $100, a nearly two-year low, but Standard Chartered forecasts that the token will climb to $250 by the end of 2026. 

Geoff Kendrick, the bank’s global head of digital asset research, pointed to flows on decentralized exchanges on solana beginning to shift from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments. 

“AI-driven micropayments using stablecoins are starting to demonstrate that the ‘order of magnitude’ cost reduction on solana can enable entirely new markets (in this case micropayments) to develop,” Kendrick wrote in a Tuesday note. 

Market-implied probabilities derived from event contracts show that investors think there’s a 30% chance the token will go lower than $40 in 2026. On the bullish side, traders are pricing in a 41% chance it will climb higher that $200 in the same period.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Even though the firm expects solana to trade significantly higher by the end of the year, the firm lowered its initial forecast of $310 and predicts the token will underperform ethereum in the next two years.

“Beyond that, if it achieves sufficient scale, we think SOL will be due for a catch-up as this new market takes shape,” Kendrick said.

On a longer horizon, Standard Chartered predicts the token will climb to $2,000 by 2030.

Yaël Bizouati-Kennedy
21h
Bernstein analyst says bitcoin could bottom out at $60,000, but expects its “most consequential cycle” after that

“This is not a ‘bull market correction’ or ‘a dip.’ It is a full-bore, 2022-like, Leonardo-DiCaprio-in-The-Revenant-style crypto winter,” Bitwise CIO Matt Hougan wrote.

Guy with bitcoin on eye
Sage D. Young
2/2/26
BitMine acquires more ethereum despite being underwater amid token’s price decline

CEO Tom Lee believes “the price of ETH is not reflective of the high utility of ETH and its role as the future of finance.”

Scuba diver
Yaël Bizouati-Kennedy
February outlook
2/2/26
Bitcoin steadies after weekend bloodbath saw price dip below $75,000

One expert warned if bitcoin breaks through a key support level of $73,000, the price could drop “below $60,000 by the end of February.”

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