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Bitcoin Price Recovery Falters Amid Persistent Market Volatility

Bitcoin’s brief recovery has lost momentum as ongoing market volatility continues to exert pressure on the world’s largest cryptocurrency. Trading around $66,166 at 10:21 a.m. ET, Bitcoin has seen a roughly 4% decline for the day, underscoring the challenges it faces in maintaining upward momentum.

Short-Lived Bounce Undone

After reaching an all-time high above $126,000 in October, Bitcoin began a downward trajectory, with the sell-off intensifying over the last month. The digital coin dropped below $70,000 on February 5 and briefly approached the key $60,000 threshold, only to rally to a range between $66,000 and $72,000 thereafter. Despite intermittent recoveries, Bitcoin remains approximately 47% below its record high.

Market Dynamics And Liquidations

The latest decline was driven in part by cascading liquidations as prices crossed key technical levels, forcing leveraged traders to close positions. Volatility in U.S. technology stocks, which often move in tandem with crypto assets, added further pressure. Institutional selling, including activity linked to Bitcoin exchange-traded fund issuers, also contributed to the drop, although recent net inflows into ETFs have provided limited support.

Assessing Bitcoin’s Cyclical Patterns

Market participants are now debating whether Bitcoin’s traditional four-year cycle remains intact. Historically, halving events, which reduce miner rewards approximately every four years, have been followed by strong rallies and later corrections. The most recent halving in April 2024 has revived discussions about whether a similar pattern will unfold again.

Steven McClurg, CEO of Canary Capital, recently remarked that he expects 2026 to represent a bearish phase within the four-year cycle, with potential dips to as low as $50,000 before a fall turnaround in the autumn. This view is echoed by Markus Thielen of 10X Research, who also anticipates similar price pressure. Concurrent factors, including speculation around U.S. monetary policy shifts following former U.S. President Donald Trump’s nomination of Kevin Warsh for Fed chair, add further layers of uncertainty to the market outlook.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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