The past seven days have seen bitcoin (BTC) hover between $91,000 and $102,000. Analysts at crypto exchange Bitfinex revealed that the cryptocurrency\u2019s stagnation in this range has extended its consolidation phase to more than 75 days.<\/p>\n
According to the latest edition of the Bitfinex Alpha report<\/a>, bitcoin\u2019s prolonged range-bound movement reflects its maturity as an asset and its diminishing volatility, which has hit an all-time low. However, it also shows that BTC is now behaving more like a risk-on asset, in line with traditional equities, than a store of value, which it has often been referred to as.<\/p>\n Bitcoin\u2019s extended consolidation phase does not negate the asset\u2019s reaction<\/a> to macroeconomic conditions, particularly U.S. President Donald Trump\u2019s tariff announcements against China, Canada, and Mexico.<\/p>\n While BTC responds to macro developments, its correlation with traditional equities has continued to hold. The cryptocurrency is now among the world\u2019s largest assets, with a market cap of roughly $2 trillion, surpassing heavyweights like silver, Saudi Aramco and Meta. Bitfinex said this highlights BTC\u2019s growing influence and importance in the global financial landscape.<\/p>\n Notably, the plunge in bitcoin\u2019s realized volatility signals that the asset is stable despite short-term fluctuations. This shows that broader global macro forces are playing a more significant role in its performance.<\/p>\n BTC was<\/a> worth $98,275 at the time of writing, with no significant price changes in the past week and 24 hours. It has remained below $100,000 over the past week.<\/p>\n Bitfinex also noted that investors are increasingly viewing BTC as a \u201chigh-beta risk asset\u201d rather than a store of value referred to as digital gold. Bitcoin\u2019s recent market behavior highlights a strengthened correlation with the S&P 500 but a declining correlation with gold.<\/p>\n \u201cThis shift suggests that Bitcoin is increasingly behaving like a risk-on asset, more aligned with traditional equities, rather than maintaining its original store of value narrative. This changing dynamic is a key consideration for investors as they evaluate Bitcoin\u2019s position in their portfolios and its role within the broader asset class of cryptocurrencies,\u201d the exchange stated.<\/p>\n While BTC has recorded a 3.5% increase this year, gold has been ahead with a 9.02% gain, reaching<\/a> an all-time high of $2,880 per ounce earlier this month. According to Bitfinex, gold is considered a more established store of value than BTC.<\/p>\n The post Bitcoin Consolidates Between $91K-$102K as Geopolitical Tensions Continue: Bitfinex Alpha<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The past seven days have seen bitcoin (BTC) hover between $91,000 and $102,000. Analysts at crypto exchange Bitfinex revealed that the cryptocurrency\u2019s stagnation in this range has extended its consolidation phase to more than 75 days. According to the latest edition of the Bitfinex Alpha report, bitcoin\u2019s prolonged range-bound movement reflects its maturity as an […]<\/p>\n","protected":false},"author":0,"featured_media":43635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43634"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43634"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43635"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC Extends Consolidation Phase<\/h2>\n
Risk-on Asset, Less Store of Value<\/h2>\n