Bitcoin Slips Against Surging Gold as Miner Capitulation Signals Potential Market Bottom
Bitcoin has fallen below $90,000, underperforming gold which hit a record near $4,450 amid geopolitical risks and rate cut expectations.
Miner capitulation, marked by a 4% hash rate drop, historically signals bullish returns for Bitcoin, with VanEck noting positive 180-day forward returns 77% of the time during such periods.
Despite crypto market outflows of $952 million last week, analysts see limited downside risk, with...
