Dogecoin’s drop below $0.126 confirms a short-term bearish structure, reflecting broader fragility across crypto markets.
Hong Kong’s move toward regulated stablecoins contrasts with accelerating ETF outflows and institutional de-risking.
Record crypto crime and major hacks underline persistent risks despite growing regulatory oversight.
The cryptocurrency market is right now going through technical weakness, regulatory shifts, institutional repositioning and rising security risks. From Dogecoin’s breakdown below a key support level to Hong Kong’s move toward stablecoin licensing, ETF outflows, today’s developments highlight a market that’s clearly under pressure.
Dogecoin (DOGE) has entered a short-term weakness phase after the support zone of $0.1258-$0.1260 was broken on the 4-hour chart.
With the break, a clear change in structure happened, and the sellers stepped in aggressively as the support broke.
After the fall, DOGE quickly dipped to $0.123 before a slight rebound.
Currently, the token is trading around $0.124-$0.125, which is the first hurdle that the bulls have to overcome. If DOGE fails to sustain above $0.124, the downward risk could extend to $0.123-$0.122.
Also Read: Dogecoin at $0.12: Can Support Hold Amid Selling Pressure?
Hong Kong is preparing to issue its first batch of stablecoin issuer licences in Q1, reinforcing its ambition to become a leading digital asset hub.
Speaking at the World Economic Forum in Davos, Financial Secretary Paul Chan said the city’s crypto strategy is focused on “responsible and sustainable” growth.
Under legislation passed in 2025, stablecoin issuers will be required to meet strict standards around reserve backing, redemption rights, governance, and risk management.
Hong Kong already has 11 licensed virtual asset trading platforms. The stablecoin push also ties into broader tokenization initiatives, including the Hong Kong Monetary Authority’s Project Ensemble, which is testing real-value transactions using tokenized deposits and digital assets.
SkyBridge Capital has reduced its exposure to cryptocurrency amid heightened volatility and a lack of clarity in regulations.
According to the founder, Anthony Scaramucci, the company shifted more capital toward macro trading strategies as markets responded to the uncertain policies under President Trump.
From March to September 2025, SkyBridge’s Opportunity Fund reduced its crypto exposure from almost 65% to under one-third, whereas the macro strategies increased to around 69%.
The Bitcoin's drop from an all-time high of $126,000 in October 2025 to the current $89,000 led to liquidations exceeding $19 billion, reinforcing the company's cautious approach.
According to Chainalysis, crypto-related crime hit an all-time high in 2025, with a total of $154 billion in illegal transactions.
This marks an annual increase of 162%, the key reason being the 694% rise in transactions involving sanctioned entities.
North Korea was the leader in crypto theft, taking around $2 billion or 59% of the total stolen crypto assets.
The largest incident was the Bybit hack, in which around $1.5 billion worth of Ethereum was stolen, making it the largest digital theft in crypto history.
Bitcoin spot ETFs recorded a total net outflow of $483.38 million on January 20, according to SoSoValue. None of the twelve spot ETFs posted net inflows.
Grayscale’s GBTC saw the largest daily outflow at $160.84 million, bringing its cumulative outflows to $25.57 billion.
Fidelity’s FBTC followed with $152.13 million in daily outflows. Total Bitcoin spot ETF assets now stand at $116.74 billion, representing 6.51% of Bitcoin’s market capitalization.
Also Read: Bitcoin Price Falls Near $89,800 as Crypto Market Faces Pressure
The Zcash Foundation has rolled out a new Rust-based DNS seeder to enhance the security and reliability of the network.
The tool developed on the Zebra full node's networking code is capable of rendering the peer discovery for new Zcash nodes faster and more secure.
The seeder comes with lock-free architecture, per-IP rate limiting, IPv4 and IPv6 support, Prometheus monitoring, and Docker-based deployment.
The Foundation aims to reduce failure risks during periods of network stress or growth by modernizing a critical but often overlooked piece of infrastructure.
1. Why did Dogecoin fall below $0.126?
DOGE broke a key 4-hour support zone, triggering aggressive selling and a bearish shift in short-term market structure.
2. What is Hong Kong’s stablecoin licensing plan?
Hong Kong plans to issue its first stablecoin licences in Q1 under strict reserve, governance, and redemption rules to support regulated growth.
3. Why are Bitcoin spot ETFs seeing heavy outflows?
Risk aversion and falling Bitcoin prices have driven institutional investors to reduce exposure, resulting in nearly $483M in daily outflows.
4. How severe was crypto crime in 2025?
Crypto-related illicit transactions hit a record $154 billion, driven largely by sanctioned entities and major hacks, including the $1.5 billion Bybit breach.
5. What is the Zcash Foundation’s latest upgrade?
The Foundation introduced a new Rust-based DNS seeder to improve network resilience, security, and peer discovery during periods of stress.
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