Bitcoin's $1 Trillion Identity Crisis Deepens


Bloomberg reports that Bitcoin is facing one of its toughest challenges yet, down over 40% from its October 2025 peak of ~$126,000. The classic rebound playbook—dip buyers stepping in—has failed, with forces that once fueled rallies now working against recovery. Questions about whether BTC is digital gold, a payment rail, or pure speculation are intensifying, creating a massive identity crisis for the $1T+ asset.
This prolonged weakness has eroded confidence, but some see it as a necessary reset before the next cycle. Short-term volatility remains high as the market searches for direction.

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BTC-1,1%
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