Crypto’s Groundhog Day: Why Bitcoin Keeps Selling Off Despite a Risk-On World
Key Takeaways
- Bitcoin continues trading like a highly volatile and speculative asset, not a hedge against macro uncertainty.
- Chart clues suggest crypto’s volatility cycle remains unresolved despite broader market strength since last April.
- Key chart levels will determine whether recent weakness marks exhaustion, or something more structural.
It sure felt like Groundhog Day for crypto investors. , ether, and the like plunged over the weekend, following cascading selling pressure across the precious metals space to close out January. So far in 2026, Bitcoin is down 11%, while Ether is off 23%.
Zoom out a year, and the pair of digital assets has declined 20%, all while global equities have zoomed to record highs. has been well above…
