Bitcoin's Early Gains Fade as Prices Fall Below $91,000

2026-01-12 11:58:05

Source: CryptoNewsNet Original Title: Bitcoin’s early gains fade fast as prices fall back below $91,000 Original Link: As bitcoin moved into European trading hours, it quickly retreated toward $90,000, erasing gains made during the Asian session where it traded above $92,000.

Bitcoin has now turned negative on the day as tensions between Federal Reserve Chairman Jerome Powell and President Donald Trump continue to weigh on markets.

Traditional safe haven assets continue to outperform, with both gold and silver printing new all time highs. Gold is trading near $4,600 per ounce, while silver is up more than 5% at over $84 per ounce.

Gold and silver now rank as the first and second largest assets globally by market capitalization, at approximately $32 trillion and $4.7 trillion respectively.

Bitcoin appears caught between competing narratives. While often framed as a neutral reserve hard asset, price action suggests it is trading more like a levered technology stock.

BTC0,56%

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