Bitcoin Stages Roller-Coaster Ride, Reclaims $70,000! Samsung Blockchain Technologies ETF (03171.HK) Surges Over 8% at Open　

NewTimeSpace News:On the evening of February 8, Bitcoin touched the $71,000 mark, gaining 4.67% over the past 24 hours, with major cryptocurrencies including Ethereum and Tether also posting varying degrees of gains.Samsung Blockchain Technologies ETF(03171.HK) surged over 8% at the opening bell.

Data from CoinGlass showed that over the past 24 hours, more than 91,400 traders were liquidated across the cryptocurrency market, with total liquidation amounts exceeding $300 million.

Samsung Blockchain Technologies ETF(03171.HK) provides exposure to global blockchain-related enterprises. As Asia's first blockchain-themed ETF, it offers investors a specialized investment vehicle to participate in the development of global blockchain technology. Through an active management strategy, the fund selects high-quality blockchain-related companies to capture industry growth opportunities.

Cryptocurrencies have been on a downward trajectory since the beginning of this year. Prediction platform Polymarket indicates an 82% probability that Bitcoin will fall below $65,000 this year, while the likelihood of dropping under $55,000 has risen to approximately 60%. Analysts suggest that following this round of sharp declines, Bitcoin's upward momentum, market narrative, and safe-haven asset label have nearly unraveled simultaneously.

Additionally, on February 6 local time, South Korean cryptocurrency exchange Bithumb experienced a glitch that erroneously distributed 620,000 Bitcoins to user accounts—valued at over $44 billion based on prices at the time.

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