Bitcoin (BTC) price continues to trade in red, below $101,000 at the time of writing on Friday, having dropped more than 8% so far this week. The decline comes amid mounting selling pressure from long-term holders, who continue to offload their positions.
Bitcoin (BTC) extends its correction, trading below $111,000 at the time of writing on Thursday, as macroeconomic headwinds continued to pressure risk assets.
Bitcoin (BTC) could mirror Gold's 2025 rally if the current pool of sellers diminishes, allowing institutional demand to have a more impactful effect on prices, according to Bitwise CIO Matt Hougan.