Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Drops Below $91,000 as Market Gains Diminish
Key Takeaways
- Bitcoin’s price has declined to $90,998.63, with its recent 24-hour gain narrowing to 0.24%.
- The price drop comes amidst larger market movements and ETF-related outflows from major institutions like BlackRock and Fidelity.
- Bitcoin’s foundational value remains supported by its capped supply of 21 million coins.
- Speculation about U.S. government interest in Bitcoin is increasing, with potential future purchases considered for national reserves.
WEEX Crypto News, 12 January 2026
Understanding Bitcoin’s Recent Price Movement
Over the past 24 hours, Bitcoin (BTC) has seen its price slide to $90,998.63, just under the significant $91,000 threshold. This price movement is part of a broader trend of fluctuating gains, as BTC’s 24-hour performance narrowed to a modest increase of 0.24%. This shift is reflective of ongoing market dynamics, where external factors and investor sentiment play pivotal roles.
The decline follows notable capital outflows from exchange-traded funds (ETFs) linked to powerhouse financial entities such as BlackRock and Fidelity. These movements have had ripple effects not only on Bitcoin but also on the wider cryptocurrency market, illustrating the interconnected nature of financial instruments and their influence on digital assets.
Bitcoin’s Enduring Value Proposition
Bitcoin’s intrinsic worth is founded on its absolute scarcity—a digital asset bound by a hard limit of 21 million coins. This scarcity is a deliberate feature encoded in Bitcoin’s digital architecture, aimed at controlling supply and maintaining long-term value. Every approximately four years, Bitcoin undergoes a “halving” event, reducing the rewards for miners and gradually reducing the rate at which new coins are introduced into circulation. This mechanism underscores Bitcoin’s deflationary attributes, contrasting the inflationary pressures often seen in fiat currencies.
Amidst these financial shifts, the long-term utility and proposition of investing in Bitcoin remain attractive to many, not least due to its decentralized framework that offers autonomy from centralized financial systems. Consequently, discussions around Bitcoin’s potential incorporation into national reserves have been gaining traction. Some political figures in the United States suggest a strategic accumulation of Bitcoin could act as a hedge and bolster financial stability.
Broader Implications of Bitcoin’s Price Movements
Bitcoin, as the first decentralized cryptocurrency, utilizes peer-to-peer technology to operate with no overarching central authority. Transactions are logged on a blockchain, providing transparency and security via cryptographic methods. The structure enables direct transactions, bypassing traditional financial intermediaries, and implies significant systemic impacts on how digital value is perceived and utilized globally.
Despite the recent decline in price, Bitcoin continues to be preferred by many as a store of value and investment tool, akin to digital gold. Its dual nature of being used for both everyday transactions and as a substantial institutional asset contributes to its dynamic price fluctuations.
Governmental and Institutional Interests
There has been an increasing focus on Bitcoin’s strategic role from both governmental and institutional perspectives. Statements from influential investors, like Cathie Wood, fuel theories about the U.S. government potentially acquiring Bitcoin to augment digital reserves. Such moves could strengthen the asset’s legitimacy and foster broader acceptance across financial institutions.
Simultaneously, the evolving landscape of decentralized finance (DeFi) surrounding Bitcoin—referred to as BTCFi (Bitcoin Finance)—continues to expand. This ecosystem signifies the growing number of decentralized applications leveraging Bitcoin’s robust framework, enhancing its utility beyond traditional currencies and digital assets.
Opportunities Amidst the Volatility
While Bitcoin’s price volatility may concern some investors, it creates lucrative trading opportunities for others. Platforms like WEEX offer avenues for traders to capitalize on these fluctuations. New users interested in engaging with the crypto market can explore WEEX’s offerings and perhaps even join the growing number of market participants taking advantage of these price movements.
[Sign up for WEEX and start your trading journey today!](https://www.weex.com/register?vipCode=vrmi)
Frequently Asked Questions
How does Bitcoin maintain its scarcity?
Bitcoin’s scarcity is maintained through a fixed supply cap of 21 million coins, which is hardcoded into its digital protocol.
Why is Bitcoin’s price dropping?
The recent price drop is attributed to market factors such as large outflows from ETFs and shifting investor sentiments affecting Bitcoin’s market value.
What is Bitcoin halving?
Bitcoin halving is an event that occurs approximately every four years, reducing the block rewards for miners by half, which minimizes new Bitcoin issuance.
How does Bitcoin compare to traditional currency?
Bitcoin operates independently of central banks, using a decentralized network and cryptographic processes to create a secure and transparent transaction environment.
What future developments could impact Bitcoin’s price?
Future developments such as government policies on digital currencies, technological advancements, and institutional investment strategies may significantly impact Bitcoin’s price trajectory.
You may also like
From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?
BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend
When Backpack backstabs the community
When gold is no longer a safe haven, and Bitcoin continues to panic
Trump, the World's Largest Oil Trader
If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?
Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’
Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem
Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?
Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?
US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief
Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen
When a Token Becomes Labor, People Become the Interface
Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet
BlackRock CEO's Annual Shareholder Letter: How is Wall Street Using AI to Keep Profiting from National Pension Funds?
Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
The US AI Startup Is Loving China's Open Source Model
App