Bitcoin Price Analysis: BTC Struggles To Regain Ground As Gold, Silver Soar To Record Levels 

Bitcoin (BTC) failed to regain $90,000 as a marketwide selloff pushed major tokens deeper into the red. The flagship cryptocurrency has continued underperforming compared to precious metals like gold and silver. 

Gold and silver have surged to record levels over the past few weeks while Bitcoin languishes below the $90,000 mark, prompting analysts and market experts to question whether its institutional adoption narrative is losing steam. 

Bitcoin has struggled to regain the $90,000 mark after dropping nearly 5% to a low of $87,767 on Tuesday. The price recovered the following day but has struggled to build momentum and push beyond $90,000. BTC is marginally down during the ongoing session, trading around $89,095. 

Michael Saylor Hints At Another Bitcoin Buy 

Michael Saylor hinted at yet another Bitcoin purchase after the company’s latest acquisition of 22,305 BTC last week, at an average price of $95,284. The acquisition took Strategy’s Bitcoin stash past 700,000 BTC to 709,715 BTC, purchased for around $53.92 billion, at an average price of $75,979 per coin. The purchase is the company’s largest since February last year, when it purchased 20,356 BTC for around $2 billion. Saylor posted on X, 

“Thinking about buying more bitcoin.”

Strategy’s latest Bitcoin acquisition was funded through proceeds from the company’s at-the-market equity and preferred stock sales, held between January 12 and 19. 

Circle CEO Downplays Bank Run Fears Over Stablecoin Yields

Circle CEO Jeremy Allaire believes interest payments on stablecoins do not pose a significant threat to banks. Speaking at the World Economic Forum, Allaire called concerns around stablecoin yields causing a bank run “completely absurd.” The Circle CEO cited historical precedents and existing reward-based financial services already in use. 

They help with stickiness, they help with customer traction.

He also stated that interest itself is not large enough to undermine monetary policy. Allaire’s comments come amid debate over stablecoin yields, including discussions around the US CLARITY Act, which aims to establish a federal framework for digital assets. 

US Bank Lobby To Fight Against Stablecoin Yields 

The American Bankers Association (ABA) has vowed to continue fighting against stablecoin yield in 2026, making it a top priority as it looks to convince lawmakers to ban stablecoin payments. The ABA stated that one of its main priorities is to

stop payment stablecoins from becoming deposit substitutes that slash community bank lending by prohibiting paying interest, yield, or rewards regardless of the platform.

The bankers’ association argued that yield-bearing stablecoins will take deposits away from traditional banks, weakening their lending power and role in the larger financial system. 

\While the GENIUS Act has already banned stablecoin issuers from paying users for holding their tokens, the ABA wants the Senate to add a ban on third parties from paying users to hold stablecoins on their platforms. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) is struggling to regain momentum and reclaim $90,000 after Tuesday’s substantial drop. The flagship cryptocurrency fell nearly 5% on Tuesday before recovering and reclaiming $89,000. BTC is marginally down during the ongoing session, trading around $89,040. 

Bitcoin’s recent price action has led several experts and market watchers to question its narrative of institutional adoption. While proponents call it digital gold, the asset has severely underperformed compared to precious metals such as gold and silver. Gold has rallied to record levels, setting a new record of $4,930 per ounce, while silver jumped to $96 per ounce. Meanwhile, Bitcoin has been languishing below $90,000, 30% below its all-time high of $130,000 in October 2021. 

Bianco Research Head Jim Bianco wondered if the flagship cryptocurrency’s adoption narrative is over. Bianco stated in a post on X, 

Every BTC bull market has a theme. Is the adoption theme of 2023 to 2025 over? As noted above, the adoption announcements are not working anymore. Need a new theme, and that’s not evident yet.

However, Bloomberg ETF analyst Eric Balchunas countered, arguing that Bitcoin is consolidating after going from $16,000 during 2022’s crypto winter to $126,000 last October. 

It went up like 300% in the 20 months prior. What do you want? 200% annual gains with no breaks?

Balchunas argued that Bitcoin’s recent poor performance is likely due to early investors cashing out, locking in their profits after years of holding.

Despite the decline and sluggish price action, Bitcoin derivatives markets show traders are hesitant to increase their leveraged positions. The flagship cryptocurrency is struggling to build bullish momentum, and muted demand for leveraged long positions has led trades to question the $88,000 support level. On-chain data shows the annualized funding rate for Bitcoin perpetual futures at 7% on Thursday, within the typical neutral range of 6% to 12%. 

According to analysts, the lack of optimism among Bitcoin traders is likely due to robust third-quarter US GDP growth. 

Bitcoin (BTC) ended the previous weekend in positive territory at $90,872. The price faced volatility on Monday, reaching an intraday high of $92,406 before settling at $91,188. Bullish sentiment intensified on Tuesday as BTC rallied, rising nearly 4% to $95,384. Buyers retained control on Wednesday as the flagship cryptocurrency crossed $97,000, reaching an intraday high of $97,963 before settling at $96,955. Selling pressure returned on Thursday as BTC fell 1.41% and registered a marginal decline on Friday, settling at $95,504.

Source: TradingView

Price action remained bearish over the weekend, with BTC dropping 0.41% on Saturday and 1.55% on Sunday to $93,633. Selling pressure persisted on Monday as the flagship cryptocurrency fell 1.15% to $92,559. Selling pressure intensified on Tuesday as BTC slipped below $90,000 and settled at $88,310. Despite the overwhelming selling pressure, the price recovered on Wednesday, rising 1.19% to $89,363. BTC registered a marginal increase on Thursday, but is down 0.45% during the ongoing session, trading around $89,040.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.