Daily Crypto Signals: Bitcoin Eyes $100K Return, Ethereum Wallet Creation Hits Record Highs
Bitcoin surged past $95,000 driven by spot buying activity as analysts predict an imminent return to six-figure territory, while Ethereum
Quick overview
- Bitcoin surged past $95,000, driven by spot buying, with analysts predicting a return to six-figure territory soon.
- Ethereum reached a record high of 393,000 new wallet creations in a single day, indicating strong ecosystem growth.
- JPMorgan executives expressed concerns about yield-bearing stablecoins potentially creating a parallel banking system.
- US senators introduced legislation to protect blockchain developers from money transmitter regulations amid rising regulatory discussions.
Bitcoin BTC/USD surged past $95,000 driven by spot buying activity as analysts predict an imminent return to six-figure territory, while Ethereum ETH/USD recorded its highest daily wallet creation ever at 393,000 new addresses. Meanwhile, JPMorgan executives warned that yield-bearing stablecoins could create a dangerous parallel banking system, and US senators introduced legislation to protect blockchain developers from money transmitter regulations.
Crypto Market Developments
This week, the cryptocurrency market saw a lot of activity as both price changes and new regulations caught the attention of investors. Bitcoin’s 4.65% rise in 24 hours surprised short traders, who had to close negative positions worth $269.21 million. The surge was fueled by spot buying, which means that investors were buying the underlying asset instead of derivatives. This shows that there is real demand, not just speculative leverage.
There were more and more regulatory talks on several fronts. During JPMorgan Chase’s fourth-quarter results call, executives said they supported blockchain technology but were worried about stablecoins that don’t fall under the usual banking rules. At the same time, Senators Cynthia Lummis and Ron Wyden pushed the Blockchain Regulatory Certainty Act forward to protect developers from having to follow money transmitter rules. This was in response to fears that arose after the recent arrests of the co-founders of Tornado Cash.
The $26 million Truebit attack brought up security issues again. Blockchain security company SlowMist said it was caused by a weak smart contract in outdated Solidity code. The attacker’s use of an integer overflow flaw to mint tokens at almost no cost shows that even established projects are still at risk.
Bitcoin Reclaims $95,000
Analysts are sure that Bitcoin will go back to $100,000 in only a few days after it rose to $95,190. Will Clemente, a crypto expert, said that the surge seems to be driven by spot buying, which is an optimistic sign that shows the difference between real demand and fake price increases through futures contracts. Michael van de Poppe from MN Trading Capital said that it’s “quite clear” that Bitcoin will hit $100,000 in the next week. He told investors that price drops are chances to purchase.
Polymarket shows that people are becoming more hopeful about Bitcoin’s chances of reaching $100,000 by February 1 and $105,000 by February 1. But history shows that you should be careful. Since 2013, January has only seen little increases of 4.18% on average, while February has seen much bigger gains of 13.12% on average. Van de Poppe brushed off worries about the health of the bull market, saying, “The bull market hasn’t died; it’s about to start.”
Indicators of sentiment show a different picture than price action. For more than two months, the Crypto Fear & Greed Index has been going back and forth between “Fear” and “Extreme Fear.” Right now, it is at “Fear” with a score of 26. Santiment experts say that if Bitcoin breaks into the six digits, “retail FOMO” could quickly grow, which might lead to even more increases as cautious investors hurry to get in on the action.
Ethereum Wallets Touch New High
Ethereum reached a historic milestone as the number of wallets created reached an all-time high. Over the preceding week, an average of 327,000 new wallets were made every day, with Sunday setting a new record with 393,000 new addresses. The number of Ether wallets that weren’t empty hit an all-time high of 172.9 million, which shows that the ecosystem is growing quickly. Ether itself went up 7.5% in 24 hours to $3,330.
Analysts say that the rise in wallet creation is due to a number of variables coming together, the most important of which was the December Fusaka upgrade that made transactions cheaper and better at handling data. The upgrade made it easier to use apps and layer-2 rollups, which made it easier for new users to join the network. Also, in mid-December, the mood of current holders changed from negative to neutral-positive, which usually means that more people will start buying.
The activity of stablecoins on Ethereum probably played a big role in the establishment of additional wallets. This is because there was a rise in stablecoin transfers in late 2025, which showed that the network was being used for payments and settlements. People make wallets just to trade stablecoins and other tokens since they can use them in real life. The increased interest in decentralized finance apps and NFTs at the end of the year made more people want to create Ethereum addresses.
Network security is still strong, and more than half of Ether’s total quantity is currently locked up in staking contracts. Nansen analytics says that the ETH2 Beacon Deposit Contract has more over 77 million tokens that represent validator stake deposits. Binance and Coinbase, two of the biggest exchanges, store about 4 million and 2.3 million Ether for their users, respectively. This shows that both institutions and individuals still believe in the network’s long-term potential.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save