In late 2024 and into 2025, Bitcoin's price path diverged sharply from gold, weakening the narrative that it behaves like "digital gold." According to CryptoQuant's CEO, the correlation that had stayed mostly positive from 2022 to mid-2024 turned negative around the 2024 US elections, with BTC later suffering a major correction while gold climbed to new highs. As of press time, Bitcoin trades near $63,000 and far below its peak, while gold hovers around record levels and commands a market cap about 30 times larger.

With Bitcoin trading near $63,200, Polymarket markets assign a 17% chance that the price will surpass $75,000, even as technical signals and whale flows point to mounting headwinds. Large holders have reduced but not reversed selling, and strong resistance around $72,200–$73,200 contrasts with key support close to $63,300, leaving price trapped between major levels.

Bitcoin slid to intraday lows of $62,700 on Tuesday as its price retreated to around $62,800, extending the monthly loss to nearly 29%. Analysts highlight $60,000 as a critical short‑term support, warning that a deeper pullback toward $50,000 is possible amid ETF outflows and macroeconomic pressures.

On 24 February 2026, Bitcoin fell to around $62,920, marking its first sustained drop beneath the $63,000 level since 2024. The move followed a steep multi-day decline that drove the price to an intraday low near $62,700 and shifted market structure from consolidation above $66,000 to a clear breakdown toward key supports around $60,000.

Canaan agreed to acquire Cipher Mining's 49% interest across three West Texas bitcoin projects, the company said Monday in a press release. The deal was funded by issuing 806,439,900 Class A shares, equal to 53,762,660 ADS at $0.7394 per ADS, for approximately $39.75 million and a six‑month lock‑up. The ABC sites have 120 MW and around 4.4 EH/s.

Between February 17 and February 22, Strategy acquired 592 BTC for about $39.8 million, as noted in a Monday SEC filing. The company now holds 717,722 BTC, valued at roughly $47.5 billion at current prices, and funded the latest purchases through at the market MSTR share sales.

Bitcoin dropped through the $66,500–$66,000 area, briefly falling below $64,000 before marking a low at $63,351. It trades under $65,500 and the 100-hour SMA, with resistance at $64,600, $65,250, $66,000, and $66,800. A failure to clear $65,250 could retest $64,000, $63,500, and $63,200.

Bitcoin fell 5% within two hours on 22 February, sending the Crypto Fear and Greed Index to 5 on Monday, a level last seen in 2019, according to Joao Wedson. Over the past month, stablecoin supply dropped from $161.19 billion to $153.75 billion as USDT dominance rose and long‑term holders distributed 244,866 BTC on 5 February, Glassnode data show.