Bitcoin seems to stabilize
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The price of the world's largest cryptocurrency fell to fresh 2026 lows as tech stocks sank broad market indexes.
Bitcoin's very modest bounce from the weekend lows appears to be failing, the price falling back to just above $77,000. Gold and silver, meanwhile, have renewed their bull runs, with gold close to reclaiming the $ 5,000-per-ounce level.
Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.
The Bitcoin price attracts attention from analysts and traders who watch its moves on crypto exchanges. Researchers usually point to a few factors that move the coin’s price through different cycles. The key drivers include supply limits, market demand, macroeconomics, and market behaviors.
'This is absolutely INSANE': Bitcoin’s weekend crash exposes the cracks beneath crypto’s latest boom
While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.
Key Takeaways Bitcoin's latest swoon is driving analysts' concerns about Strategy, which is one of the biggest buyer of the leading cryptocurrency around. The company's paid $76,000, on average, for its stockpile of 713,
Bitcoin trading near the $79,000 mark in early hours of February 1. Experts say bear market has begun. Other analysts say prices will begin to climb after the weekend.
The XRP and BTC prices remained under pressure on Monday as demand waned, liquidations jumped, and the Crypto Fear and Greed moved to the extreme fear
It's reasonable to say that this coin isn't behaving like a safe harbor asset right now.