Suchat longthara/iStock Editorial via Getty Images Bitcoin succumbed to major selling pressure shortly after last Friday’s gold rout and the outright crash in silver. Over the weekend, the world’s most valuable cryptocurrency plunged into the mid-$70,000s. Down 12% year-to-date, bitcoin is a notable laggard in a sea of solid 2026 asset class returns. I’ll get into price action on the iShares Bitco...
Suchat longthara/iStock Editorial via Getty Images Bitcoin succumbed to major selling pressure shortly after last Friday’s gold rout and the outright crash in silver. Over the weekend, the world’s most valuable cryptocurrency plunged into the mid-$70,000s. Down 12% year-to-date, bitcoin is a notable laggard in a sea of solid 2026 asset class returns. I’ll get into price action on the iShares Bitcoin Trust ETF ( IBIT ) in just a moment, but it often helps to frame crypto’s size relative to the global investable universe. According to WisdomTree, cryptocurrency is 1.2% of the so-called global portfolio. So, any allocation larger than that is an overweight. Remarkably, as of mid-January, gold commanded a 12% share (valued at more than $30 trillion). Today, amid significant crypto volatility, I’m revisiting IBIT. I had a buy rating back in November . Shares were precisely unchanged since my previous analysis as of last Friday’s close, but bitcoin itself is now down more than 5% since right before Thanksgiving. Following my Q4 assessment, IBIT jumped to the mid-$50s. The $77,000 downside support spot I noted is not right in play. With support near, I reiterate a buy rating. Crypto's Weighting in the Global Market Portfolio is Near 1% WisdomTree Funds According to the issuer , IBIT enables investors to get exposure to bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly. A $64 billion fund, IBIT finished January with muted implied volatility. According to options data from Fidelity Investments, bitcoin’s “IV” was only 40%, closer to 52-week lows rather than 52-week highs. At the time of my previous write-up, we were looking at near-60% implied volatility, which indicated a near-term price trough, following the auto-deleveraging (ADL) liquidation event that Fundstrat’s Tom Lee often speaks of. I expect IBIT’s IV to once again soar to begin February. Should it approach the ke...
Hang Lung Properties Chair Adriel Chan says Hong Kong's falling office rents pressured the company's earnings last year, and occupancy rates are showing no signs of picking up despite the housing market's recovery. He speaks on Bloomberg's The China Show. (Source: Bloomberg)
Hang Lung Properties Chair Adriel Chan says Hong Kong's falling office rents pressured the company's earnings last year, and occupancy rates are showing no signs of picking up despite the housing market's recovery. He speaks on Bloomberg's The China Show. (Source: Bloomberg)
GalaxySpace, the first "unicorn" company in China's commercial space sector, is planning to launch more satellites into orbit this year. Peter Huang, General Manager for International Business Development, says China's policies have been supportive for private companies in the space industry. He speaks with Bloomberg's Avril Hong at Singapore's Space Summit. (Source: Bloomberg)
GalaxySpace, the first "unicorn" company in China's commercial space sector, is planning to launch more satellites into orbit this year. Peter Huang, General Manager for International Business Development, says China's policies have been supportive for private companies in the space industry. He speaks with Bloomberg's Avril Hong at Singapore's Space Summit. (Source: Bloomberg)