Bitcoin News

Story: Bitcoin Surges After Dip as Economist Criticizes Its Value

By Jean-Luc Maracon

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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.

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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…

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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…

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

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

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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…

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

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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.

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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.

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

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

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

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

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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.

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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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