Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.
The average bitcoin ETF investor now sits on a 20% paper loss, leaving the market vulnerable to capitulation selling if prices slide further, a Wintermute trader said.
Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.
Coinbase, Circle, Galaxy, IREN and Riot led the early morning rebound among crypto-related stocks as the battered software sector found some relief.
The most important indicator for bitcoin's price direction at the moment is the iShares Tech-Software ETF, and it's down another 3% on Tuesday.
Thomas Lee, speaking on stage at Hong Kong Consensus 2026, said investors should be looking at opportunities as crypto is in the midst of a "mini winter."
Analyst points to the 200-day moving average — currently around $58,000 to $60,000 — as a potential support level to watch.
AI infrastructure stocks like HUT 8, IREN, and Cipher Mining are plunging as AMD sinks 14% following fourth quarter results.
Silver is higher by nearly 15% on Tuesday, while gold is nearing $5,000 per ounce after a 6.5% gain.
Crypto bulls who have theorized that bitcoin can't begin rising until money flows out of red-hot precious metals are about to find out if they were correct.
Thursday's decline showed that, despite hopes for being a macro hedge, bitcoin continues to trade like the riskiest of risk assets when markets turn lower.
Soaring to $5,600 at one point earlier on Thursday, gold quickly pulled back to below the $5,200 level in U.S. morning trade.
Gold fans rushed in to buy as the Fed chair said he took no macro signal from the raging bull market in precious metals.
The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.
Having earlier breached $100 per ounce for the first time ever, silver has risen to $101, while gold sits just shy of $5,000 per ounce.
Ether is the worst performer among the major cryptos, down more than 6% over the past 24 hours and tumbling below $3,000.
Expect crypto volatility over the next few days on Trump tariff headlines, one Kraken executive warned.
After a brief reprieve, crypto returned to selling off during U.S. market hours on Thursday.
Traders rotated to Monero (XMR), Zcash (ZEC) and Railgun (RAIL) as bitcoin, ether remain stuck under key resistance levels.
U.S. employment data for December was mixed, while inflation expectations edged higher, and the U.S. Supreme Court did not deliver a ruling on the Trump Administration's tariffs.
The early rally to start the year failed to break past $95,000, setting the stage for the current pullback, according to one trading firm.
Bitcoin pulled back to just above the $92,000 area as gold surged back to $4,500 per ounce and silver rallied above $80.
Bakkt, Figure and Hut 8 were among numerous crypto-related stocks posting double-digit percentage gains.
Digital asset treasury companies — 2025's worst performers — were leading crypto-related stock gains.
Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.
Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.
Digital asset treasury companies — the year's worst performers — were also hardest hit on Tuesday.
Crypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.
Bitcoin for the moment was unable to hold the $90,000 level reached prior to the U.S. market open.