An unrelenting plunge in crypto prices on Tuesday has paused after the U.S. House very narrowly passed a funding package that will now head to the president's desk for signature.
CEO Mike Novogratz said that the profit-taking trend among early bitcoin adopters is real, indicating weakening conviction in the "HODLing" philosophy.
βI think crypto starts to become invisibly more part of everyone's lives," said Tom Lee β the two appeared on a panel together Tuesday morning at the Ondo Summit in New York.
It was a relatively small purchase for the company, which now holds 713,502 bitcoin purchased at an average price of $76,052 each versus the current price of about $77,000.
Despite thousands of alternative tokens and institutional adoption, crypto markets in 2026 still largely move in lockstep with bitcoin, offering little real diversification.
Traders are zeroing in on a cluster of bids near $87,500 and repeated sell pressure under $90,000, a setup that looks like a tug of war into month end.
Months after the Oct. 10 liquidation cascade, market depth has yet to recover, and traders are divided over Binance's role as bitcoin continues to crash.