Bitcoin (BTC) has experienced sharp declines in recent days as part of a downward trend that began in October. With Bitcoin recently falling below $73,000, expectations of further decline are increasing. At this point, Wall Street giant Citi stated in its latest analysis that Bitcoin is at a critical juncture. According to Coindesk, Citi analysts
Bitcoin is increasingly behaving like a software stock, with its latest correction unfolding alongside the broader software sell-off. The relationship between bitcoin and software equities has strengthened notably. On a 30-day rolling basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF, (IGV), stands at a high 0.73, according to ByteTree. The IGV is down
With crypto winter clearly having set in, bulls are now left looking for signs that the bearishness has become so embedded that a bottom might form. One case in point might be a note from Canaccord’s Joseph Vafi on Wednesday, slashing his price target on Strategy (MSTR) by a whopping 61% to $185 from $474.
Bitcoin ($BTC) has recently experienced a series of sharp declines. While the price has fallen below $73,000, Bitcoin has been trading in a relatively narrow range between $70,000 and $79,999 for approximately five days. Analyst James Van Straten, evaluating this situation, stated that according to Glassnode data, Bitcoin has spent very little time in the
In a significant development for cryptocurrency adoption, Fold has officially launched its unified $BTC rewards payment application, fundamentally transforming how consumers integrate Bitcoin into their daily financial activities. This innovative platform, reported by Walter Bloomberg on October 26, 2024, represents a major milestone in bridging traditional finance with digital asset rewards systems. The application seamlessly
MicroStrategy’s Michael Saylor frames Bitcoin’s sharp drawdowns as “Satoshi’s gift,” arguing volatility rewards long-term holders, not short-term traders. Summary Saylor says Bitcoin volatility is “Satoshi’s gift to the faithful,” casting sharp price swings as a feature that rewards long-term conviction over trading. He reiterates his “Rules of Bitcoin” — “Buy Bitcoin. Don’t sell the Bitcoin.”
Bitcoin’s price stands at $76,065 on Feb. 4, 2026 at 8 a.m. EST, capping a dramatic 24-hour range between $72,863 and $79,113. Its market capitalization hovered at $1.51 trillion, with $74.04 billion in trading volume keeping the digital pulse fast and furious. But while price action hinted at recovery, the technical picture tells a more
Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call. Following the company’s earnings call, crypto community members pointed to a $9 billion Bitcoin ($BTC) sale by one of Galaxy’s wealthy customers who was ”fairly concerned about $BTC quantum
Billy Markus, who created the iconic meme cryptocurrency, Dogecoin, in collaboration with Jackson Palmer back in 2013, has taken to social media to share his take on the recent statement made by Bitcoin evangelist Michael Saylor. In it, Saylor praised the Bitcoin market volatility, adding Satoshi as an ultimate $BTC authority. Markus disagreed with him
Bitcoin’s ($BTC) recent volatility has put the cryptocurrency at risk of an imminent 25% crash, unless it can reclaim a critical price threshold above $80,000, according to one respected blockchain analyst. Specifically, the very end of January and start of February inaugurated a period of instability for Bitcoin ($BTC), with the world’s premier cryptocurrency making