Bitcoin Struggles to Hold $90,000 Despite Stocks and Gold Rallying

5 days ago7 min read

While traditional markets celebrate, Bitcoin is stuck in the mud, stubbornly refusing to break and hold the $90,000 level. This isn't just a minor pullback; it's a glaring divergence that should make every crypto skeptic nod smugly.Gold and silver are hitting record highs, stocks are bouncing back, yet the so-called 'digital gold' can't muster the strength for a decisive rally, currently limping along at $89,500 after a dip to $88,400. This weakness exposes a harsh truth: Bitcoin's narrative as a pure macro hedge is being tested.Even a massive, headline-grabbing purchase of over $100 million in Ether by BitMine Immersion—now holding a staggering 3. 5% of the entire ETH supply—couldn't prevent ETH from dropping 2% to $2,950.The altcoin market, with SOL and XRP down marginally and BNB flat, is just noise, waiting for Bitcoin's lead. This isn't about fleeting sentiment; it's about foundational strength.When the easy-money narratives fade, Bitcoin's real value proposition—its immutable scarcity and decentralized architecture—faces its ultimate exam. The failure to capitalize on a risk-on environment suggests deeper structural hesitancy, perhaps regulatory shadows or institutional profit-taking.For true believers, this is a moment of consolidation, a necessary breath before the next leg up. For the rest of the financial world watching, it's a question: if Bitcoin can't rally now, when will it? The king's crown feels heavier today.

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#Bitcoin

#BTC

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#gold

#stocks

#crypto markets

#Ether

#BitMine Immersion