Daily Market Wrap | Feb. 06

Hot Topics

• JPMorgan analysts said the long-term Bitcoin price will reach $266,000, citing greater attractiveness than gold.
• MARA Holdings transfers ~1,317 BTC worth $87 million to institutional addresses amid crypto selloff.
• Tether invests $150 million in Gold.com.

Market Updates

• Strategy CEO says Bitcoin must plunge to $8,000 and stay low for years to threaten balance sheet.
• Iris Energy and CleanSpark shares extend selloff after missing revenue estimates in latest quarterly earnings.