Bitcoin rebounded sharply on Friday, reversing a recent selloff that had dragged the token below $70,000 for the first time since 2024, as investors appeared to look past earlier doubts about crypto’s role. The move suggests improving risk appetite after days of caution driven by geopolitical and macroeconomic tensions. The jump also comes as investors move away from precious metals, which resumed their decline, sliding around 10% toward the $65 level after a brief attempt to stabilize following historic losses. At 1:03 am ET, Bitcoin, the world’s most famous cryptocurrency, soared 6.11%, trading at $66,591.700, while Ether gained 7.66% at $1,962.8917.
NN: For the record we took another 32K last night closing out for the 3rd time $100,000 We will be selling again soon. I want to give the dippers another chance to “by the bottom”
By the way the famous crypto cheerleaders are suffering horrific losses. Tom Lee’s BitMine Immersion Technologies reported a large net loss of over 9 billion dollars recently, mainly due to the crash in their Ethereum holdings.
BitMine Immersion Technologies reported a large net loss of about 5.2 billion dollars recently, mainly due to swings in their Ethereum holdings. They hold around 4.2 million Ethereum tokens, which is about 3.5 percent of Ethereum’s supply. Their stock has been very volatile, and while they had a profitable period last year, the recent losses are tied closely to the crypto market’s moves. In short, their performance depends heavily on Ethereum’s value.
The crypto market in 2026 has seen large losses, with overall values down by 25 to 40 percent. Bitcoin and Ethereum have both dropped significantly. Coinbase’s stock is down about 45 percent in the last three months, and while some crypto funds have seen around 9 to 18 percent losses recently, detailed fund-by-fund returns are not fully public yet. Overall, the sector is facing a difficult period, and many crypto funds are likely underwater this year
This is just a sampling of the massive loses. I believe the loses are much higher because of massive leverage and i believe they are un funded