Metaplanet, a Japan-based Bitcoin treasury firm, will begin U.S. trading via American Depositary Receipts under the OTC ticker MPJPY. The sponsored ADR program uses Deutsche Bank Trust Company Americas as depositary and MUFG Bank as custodian, and is designed to improve investor access without raising new capital.

According to Axel Adler Jr., the Miner Financial Health Index is at 22%, while the Demand–Supply Balance reads 38% on a 30‑day average. Nominal miner revenue has fallen to about ~40M, marking local lows and signaling profitability strain even with BTC trading well above summer 2022 levels. A sustained dip below the 20% threshold has historically preceded miner capitulation.

Bitcoin rose about 2.5% versus the daily open and aimed for $88,000 on Friday after the Bank of Japan lifted its policy rate to around 0.75%, a three-decade high. Arthur Hayes argued negative real rates could push USD/JPY toward 200, while Temple 8 Research said further hikes may be off the table to protect the yen and manage stimulus costs.

On Thursday, according to NewsBTC, BTC climbed 2.9% from its daily open but failed to reclaim the $89,000–$90,000 resistance after two retests, sliding back toward $85,145. Analysts including Ted Pillows, Ali Martinez, Daan Crypto Trades, and Crypto Jelle outlined scenarios ranging from a 10%–20% drawdown toward $74,000–$76,000 or $70,000 to potential resilience at weekly support, with BTC at $86,138 and down 5.3% weekly.

In Q4 2025, Bitcoin fell by 30% after breaking below $90k, slipping under its 50-week EMA and putting the broader uptrend at risk. Some analysts argue that even a move down to the $60k-$70k area would represent a macro range and potential bottom rather than a classic bear market, despite around 7 million BTC now sitting at a loss.

Libya’s heavily subsidized power, reportedly costing about $0.004 per kilowatt-hour, helped turn the country into a covert Bitcoin mining hub that once generated around 0.6% of global hash rate. As mining activity expanded in a legal grey zone and was estimated to consume roughly 2% of national electricity output, authorities responded with raids, hardware seizures and prison sentences while debating whether to regulate, tax or eliminate the sector.

On Wednesday, the U.S. Securities and Exchange Commission sued Bitcoin miner VBit and founder Danh Vo in Delaware federal court, alleging fraud and misappropriation of around $48 million from 2018 to 2022. The complaint asserts some hosted mining agreements can be securities under Howey, while Blockware Intelligence's Mitchell Askew argues standard hosting lacks pooled capital or profit-sharing.

Bitcoin attempted a recovery toward $89,500 but reversed, trading below $86,500 and the 100-hour SMA after a trendline break at $87,250. The price formed a low at $84,421 and is consolidating, with resistance at $86,600–$87,000 and $88,000, while supports sit at $85,000, $84,500, $83,200 and $82,500.