The Currency analytics

Bitcoin Surges After Dip as Economist Criticizes Its Value

By Jean-Luc Maracon

After bitcoin fell to $86,000 on Sunday, it surged to $88,750 by Monday morning, Jan. 26, 10:15 a.m. EST. This jump boosted the total cryptocurrency market capitalization from $2.

Economist Steve Hanke has called bitcoin "fool's gold," criticizing its volatility. Hanke, a professor of applied economics at Johns Hopkins University, is known for his…

Despite Hanke's commentary, bitcoin's price continues its upward momentum. Traders and investors seem unfazed by the criticism, focusing instead on potential profits and market…

Meanwhile, institutional interest in bitcoin appears strong. Several major funds are reportedly increasing their crypto holdings, undeterred by potential risks.

However, regulatory uncertainties linger. In the U.S., officials are debating new regulations for digital assets.

In Asia, China's cryptocurrency crackdown continues to impact bitcoin mining. The government remains firm on its policy against crypto activities, affecting mining operations and…

Despite the challenges, bitcoin's adoption grows. Retailers increasingly accept it as payment, and blockchain technology sees wider use across sectors.

The next move in the crypto market is uncertain. Analysts predict continued volatility, with price swings anticipated. Investors remain watchful, ready to adapt to market shifts.

No official comment from the SEC is available at this time, leaving market participants in anticipation. The agency's next move remains a key factor in bitcoin's trajectory.

On the same day, Jan. 26, 2026, MicroStrategy announced its latest bitcoin purchase, adding another 1,000 BTC to its holdings.

Elsewhere, El Salvador continues to embrace bitcoin, with President Nayib Bukele confirming the country's plans to issue bitcoin-backed bonds.

Meanwhile, crypto exchange Binance experienced a surge in user activity following bitcoin's price recovery.

The European Central Bank (ECB) has yet to issue a formal statement on bitcoin's recent price movements.

The surge in bitcoin's price has also caught the attention of retail investors. Robinhood, the popular trading platform, reported a noticeable uptick in bitcoin trades on Jan. 26.

Coinbase, another major cryptocurrency exchange, has observed a similar trend. On Jan. 26, the exchange noted a 30% increase in daily active users compared to the previous week.

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