Bitcoin has moved lower again and is now trading under 87586. This means it has given back all of its gains from 2026. Many traders are feeling unsure as prices continue to move down. Over the last twenty four hours Bitcoin has dropped around three percent.
Earlier in the day the price moved higher for a short time. This happened after the United States president spoke at a global meeting and said the country did not plan to use force over Greenland. He also shared hope that a digital asset law could move forward in the future. These comments helped the market for a short while but the support did not last long.
Soon after the price began to fall again. By the middle of the day in the United States Bitcoin was back below 87586. This made it negative for the year. Many people who were expecting a strong start to 2026 are now worried about what may happen next.
Other large digital assets are also moving lower. Ether XRP and Solana have all seen drops. This shows that the pressure is not only on Bitcoin but across the whole digital asset space. When the main asset falls it often pulls the rest of the market with it.
Traditional markets are doing a little better. Stock indexes in the United States are still holding small gains even though they are not as strong as earlier in the day. This shows that the current weakness is stronger in digital assets than in stocks.
At the same time gold is rising fast. It has reached a new record above 4800 per ounce. Many investors are moving toward gold when they feel unsure about risk. Silver is also holding strong after reaching its own record earlier this week. This shift shows that people are looking for safer places to store value.
There are also global events adding pressure. Tension between the United States and Europe over Greenland has created fear in the market. In Japan the government bond market saw a sudden fall which added more stress. Even though Japanese bonds and stocks recovered a little the shock is still being felt around the world.
A well known market voice said the rise in Japanese bond yields could be the spark for a wider risk off move. This means people may continue to pull money away from risky assets and move into safer ones. If this happens digital assets could remain under pressure.
Right now the market is in a wait and see mode. Traders are watching global news and price levels closely. Fear and uncertainty are driving short term moves. Long term believers are hoping the market can find support and slowly recover.
For now Bitcoin remains under pressure and the coming days will be important. Many are waiting to see if buyers return or if the market moves even lower.
