Topic
Business US EU

Fed nomination sparks Bitcoin selloff

10h

Bitcoin fell roughly 30 percent over a month after the nomination of a new Federal Reserve chair, triggering profit-taking by professional investors and renewed investor alarm.

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Bitcoin has plunged by 50% from an all-time peak in October.

Yet another thing that all the world's worst people told us would herald a golden age. More like a massive shit shower for gamblers... sorry... investors.
February 6, 2026 at 7:03 PM
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Reposted by Nouriel Roubini

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Reposted by Ugo Panizza

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Quick market update:
As forced liquidations continue and new margin calls are issued, Bitcoin prices have now plummeted 25% this week alone.
The scale and disorderly nature of the sell-off are spilling to crypto-adjacent assets and also beyond.

#markets #crypto #bitcoin
February 5, 2026 at 9:02 PM

Reposted by Dean Baker

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Reposted by Nouriel Roubini

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Reposted by Dean Baker

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Reposted by Richard S.J. Tol

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In January 2026, Russia's oil and gas budget revenues plummeted by 50.2%, dropping to 393 billion rubles. The Central Bank reports that this sharp decline is primarily due to falling oil prices.
February 6, 2026 at 4:26 PM
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WEISENTHAL: “.. if #Bitcoin can’t thrive during a period where every rich government and fiat currency is perceived to be under stress, what’s the environment for it?”

@weisenthal.bsky.social @opinion.bloomberg.com
February 5, 2026 at 8:27 PM
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Reposted by Greg Linden

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Decided to cackle a bit about the crypto crash, fake money, and when ponzi schemes get into trouble.

open.substack.com/pub/davekarp...
February 6, 2026 at 5:59 PM

Reposted by Steve Keen

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"when we say $2 trillion was lost from the crypto ecosystem, we should also be clear about where it went. It went nowhere. That money was never real to begin with"
On Crypto Crashes and Fake Money
When the cryptocurrency ecosystem sheds $2 trillion, we should pause to notice where it went.
open.substack.com
February 7, 2026 at 12:01 AM
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Just checked in on the Bitcoin, phew, another tough day!
February 5, 2026 at 10:33 PM