Key takeaways BTC is down less than 1% as the market remains choppy. The leading cryptocurrency could retest the $87k support level before rallying higher. BTC’s price action remains choppy The cryptocurrency market continues to underperform as BTC and the other leading coins are in the red. Bitcoin has lost 0.7% of its value in
The debate is growing among Bitcoin treasury companies. Jack Mallers, CEO of XXI Capital, announced that they are abandoning the Bitcoin per share (BTC-per-share) metric, which has long been used as a key indicator in the sector. With this decision, Mallers indirectly leveled a harsh criticism at Michael Saylor and the Bitcoin treasury model he
Bitcoin experienced sharp declines this week following US President Donald Trump’s threat of tariffs against Greenland and eight EU countries. Bitcoin (BTC) continued its decline, falling to the $89,000 level, while precious metals rose on Thursday, with gold reaching a new record high of $4,930 per ounce. According to the data, gold rose again on
Bitcoin BTC$90,657.36 reclaimed the $91,000 level in early U.S. afternoon hours on Friday, continuing volatile action and threatening to sustainably break out of its tight week-long range of roughly $88,000-$90,000. Possibly behind the quick 2% move off of the morning’s lows was suspected intervention in the foreign exchange market by Japanese authorities. The Bank of
Bitcoin (BTC) is down more than 6% this week, as the flagship cryptocurrency faces institutional selling and weakening technicals. However, artificial intelligence (AI) models suggest a reversal might be coming by the end of the month for BTC. Specifically, OpenAI’s leading large language model, ChatGPT, has argued that a base-case scenario for February 1, which
Bitcoin’s failed attempt to recover above $90,000 has eroded investor confidence, sending bearish sentiment flying. Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, have raised their expectation of Bitcoin crashing to $69,000 from 22% to 30% in less than 24 hours. This probability has grown from a mere 11.6% last Thursday, highlighting
Bitcoin BTC$89,682.56 on Friday once again started the U.S. session with a sharp move lower, tumbling back to $88,500 even as precious metals continued breakneck rallies, with silver topping $100 per ounce for the first time ever. Gold was just shy of $5,000 per ounce, while platinum soared 5% to a new all-time high. Not
If bitcoin (BTC) had rallied as much as gold over the past 12 months, it would currently be trading at $184,000. Over the past 12 months, BTC has declined 12.3% while gold has rallied 80%. However disappointing that math might be for investors, the real numbers are even worse. Rather than swapping the percentage directly,
Last week, Bitcoin (BTC) and altcoins experienced a strong recovery. BTC rose to $97,500, raising expectations for a potential $100,000 breakthrough. However, the rally did not continue, and sharp declines occurred following Trump’s announcements of tariffs on Greenland and the EU. At this point, Bitcoin has fallen back below $90,000, and Ethereum (ETH) has dropped