Although gold and silver continue to perform and stocks also reach all-time highs, the Bitcoin price continues to falter. The year 2026 has started with a positive score for the time being, but after the rebound to $98,000, Bitcoin fell back sharply. What is it lacking? And why can’t Bitcoin catch on?
Why isn’t the Bitcoin price rising?
Due to the strong performance of gold and silver, doubts about Bitcoin are increasing. How is it possible that the digital currency is not performing in an environment in which it should perform according to experts?
The simple explanation for that is that the world is probably not ready for Bitcoin yet. We must remember that gold has acted as a stabilizer in the financial world for thousands of years. It is deeply ingrained that gold is a beacon of peace and security when it comes to retaining value.
Bitcoin has mainly experienced a lot of volatility in its short history. Bitcoin’s price movements are almost a scaremonger for the average investor. In that respect, Bitcoin is currently mainly a competitor to gold in theory, and we have not yet seen this in practice.
In practice, Bitcoin mainly behaves as a risk investment. A kind of promising tech share, which particularly performs when investors are confident about the future. The following graph illustrates this nicely.
The IPO ETF provides exposure to recently public companies, while ARKW focuses on tech companies that are still in their early stages of development. Very speculative ETFs. What is striking is that they reached a provisional high together with Bitcoin in October.
Since then, they have been busy forming a bottom, there has been no breakout yet, and it is clear that investors do not have an extreme appetite for risk at the moment. Once these types of investments break out, Bitcoin will likely follow suit.
Important next Wednesday
However, the foundation remains present for a strong period of the Bitcoin price. The US economy continues to perform above expectations. That is an important condition for investors to take risk. If they have confidence in the future, you often see that assets such as Bitcoin and the aforementioned ETFs perform well.
In this context, next Wednesday is important again. Then it is time for the US central bank to make a new interest rate decision. For the time being, it is expected that the central bank will wait a while before implementing the next interest rate cut.
This indicates that the economy is strong, otherwise the need to lower interest rates would be somewhat higher. It will be especially important for the market to hear what the US central bank itself has to say about this on Wednesday during the press conference following the interest rate decision.
Source: https://newsbit.nl/crypto-wekker-bitcoin-koers-blijft-kwakkelen-ondanks-positieve-signalen/
