Bitcoin bounce fails with price falling back to $77000 while precious metals renew surge

The bitcoin BTC$77,961 has since climbed around 7 per cent to over $79,000 from its panickly weekend lows near the $74,000 mark after it had gone up about 7%. 94 is again paraphrasing in morning U.S. S, meanwhile. trade, .

Just recently, Bitcoin was re-changing hands at $77,100 — down by 2% over the past 24 hours. Ether ETH$2,325 “Ethher” The worst was 24 – $2,260 or 4? 7.7 per cent less than .

It’s a selloff as gold and silver are both posting strong gains in what seems to be reversal from their own panicky price action last Friday.

along with U-phraser,. S, meanwhile. The stocks – particularly, an important set of AI related names that is growing in decline are being bullshit. Its lower 3%-5% reduction is Nvidia (NVDA), Oracle (ORCL), Broadcom (AVGO), Micron (MU) and Microsoft (MSTR), which has caused Nasdaq to drop 1% of its value.

The largest publicly traded bitcoin holder Strategy (MSTR) continues to make new lows and is down over 2%. Similarly, Coinbase ( COIN), which is also off similar amounts to Bullish (BLSH) are coined and bullished.

Shares in Galaxy Digital (GLXY) are a drop of over 12% after disappointing fourth-quarter results. Another 3 is down another 3 Stablecoin issuer Circle (CRCL). 5% .

The gains are posted by Bitcoin miners turned AI infrastructure providers, led by TeraWulf (WULF), which advanced 12% after buying two industrial sites in the U.S. s S than double the firm’s power capacity to 2.’ , which could more than triple the company size of its own business in terms of power and a potential increase on it. A has 8 gigawatts. 4% after it announced plans to raise $2 billion in the junk bond market for funding its Black Pearl data center in Texas, which will provide 300 megawatts of capacity under a long-term lease with Amazon Web Services, Cipher Mining (CIFR) shares.

Dead-cat bounce

Traders are hoping for a short-lived bounce off of the weekend lows below $75,000, according to Jake Ostrovskis, head of OTC at crypto trading firm Wintermute.

The absence of demand for upside exposure mirrors conditions seen in April 2025, he added.

Ostrovskis noted that the options market has been distorted by heavy demand for near-term downside protection, pushing short term volatility higher than longer-dated contracts, a system called backwardation (see “backward”). But the analyst said he’s watching when volatility cools and the options curve normalizes back into contango as bottom signals signal, “the analyst says.”

“At that point I’d be more comfortable calling local lows,” he said.

Thanks for reading Bitcoin bounce fails with price falling back to $77000 while precious metals renew surge

Check Also

What’s the Latest on Bitcoin Prices? Analysis Firm Shares the Level That Must Be Surpassed to Avoid Another Major Drop

What’s the Latest on Bitcoin Prices? Analysis Firm Shares the Level That Must Be Surpassed to Avoid Another Major Drop

MakroVision, a cryptocurrency analysis company, has released its latest technical analysis of Bitcoin. It argued …

Teras Media
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.