Cryptocurrency Summary

Bitcoin has steadied near $89,000 as gold reaches record highs and Asian stocks rise. However, Galaxy Digital's head of research has expressed uncertainty about Bitcoin's outlook for 2026. Meanwhile, traders are experiencing a split between concerns of a $70,000 crash and a potential price rebound in the coming days.

In the mining sector, Tether-backed Northern Data has reportedly sold a mining firm to Tether executives, raising questions about internal dealings within the cryptocurrency space. As the market continues to show volatility, there is a growing trend of diversification in digital asset investments to mitigate risks.

This reflects a strategic shift as the cryptocurrency market grapples with ongoing fluctuations.