Bitcoin's price is still trading far above the depths of past bear markets, and that distance is now making the current moment feel pretty disorienting. Under the surface, a huge share of the market is already back in pain.
Kwasi Kwarteng's name appears in the record books for all the wrong reasons. His 38-day stint as UK Chancellor during September 2022 ranks among the briefest in British history.
Research conducted by Brazilian cryptocurrency platform Mercado Bitcoin reveals that Bitcoin consistently delivers superior performance compared to gold and the S&P 500 index during the two-month periods following significant global disruptions.
Bitcoin trades at $66,768 with RSI at 43.37 showing neutral conditions. Technical analysis suggests potential recovery to $70,000 range if key resistance at $67,932 breaks.
Trump has reportedly expresed "disgust" with European allies.
Prominent market analyst with the pseudonym RugaResearch has drawn attention to recent developments with Bitcoin long-term holders (LTH) Spent Output Ratio (SOPR), indicating that these key participants are exiting their positions at a significant loss. Related Reading: Bitcoin Stalls At $66,000 As Market Quietly Prepares For A Downside Draw Bitcoin LTH SOPR: Quiet Market Divergence The SOPR compares the price at which coins were last moved (cost basis) to the price at which they are currently being spent.
Bitcoin bearish sentiment hit a five-week high Saturday, with Santiment saying rising FUD near $67K could signal a contrarian rebound.
The uncertainty around the Bitcoin market remains at prime levels, driven mainly by geopolitical risks such as the US-Israel-Iran conflict and the associated energy shock. Meanwhile, retail investors continue to exit their holdings in line with historical capital flight behavior as seen in a typical market cycle.
Santiment said bearish Bitcoin comments on social media have climbed to a five-week high, which could signal a reversal sooner rather than later.
Bitcoin developers are accelerating quantum-proof upgrades as new research warns future quantum computers could crack its core cryptography.
Developers are considering ways to quantum-proof the world's oldest cryptocurrency as the threat of this computing moves beyond a hypothetical.
Schwab's crypto trading launch could accelerate institutional adoption, potentially boosting market confidence and driving crypto prices upward. Schwab to launch spot Bitcoin and Ethereum trading in early 2026.