economy
February 11, 2026
Bitcoin bounce fades as it hovers around $66,000
Market watchers said bitcoin is showing signs that its historical four-year cycle around halving remains intact.
TL;DR
- Bitcoin experienced a short-lived bounce that faded, trading around $66,166 and down 4% on Wednesday.
- The cryptocurrency is down roughly 47% from its all-time high achieved in October.
- Factors influencing the decline include volatility in technology stocks, forced liquidations, potential shifts in U.S. monetary policy, and ETF outflows.
- Despite recent pressures, analysts suggest that Bitcoin's typical four-year cycle after halving events remains intact.
- Some experts predict Bitcoin could fall to $50,000 before recovering later in the year.
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