Bitcoin has plummeted over the past week, falling sharply by 10% since mid-Might as some early adopters reveal they think they’ve spotted bitcoin’s successor.
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The bitcoin worth, nonetheless languishing after its 40% crash from $126,000 per bitcoin in October final 12 months, is quietly braced for a crypto market game-changer.
Now, as Elon Musk’s $1.4 billion secret bitcoin stash rocks the market, billionaire investor Mark Cuban has all of the sudden flipped, fueling recent bitcoin price crash fears.
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Mark Cuban has known as bitcoin “disappointing” because of the latest bitcoin worth efficiency and branded most different cryptocurrencies, “rubbish.”
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Cuban, identified for each the Shark Tank investor panel present and as soon as saying he’d moderately have bananas than bitcoin, has bought off the bitcoin he revealed he held throughout the Covid period, saying the cryptocurrency had “misplaced the plot” attributable to its failure to behave as an inflation hedge.
“When all this shit hit the fan with the Iran conflict … properly, gold simply blew up… bitcoin dropped,” Cuban told former footballer and podcaster Brandon Marshall. “And each time the greenback dropped, bitcoin ought to’ve gone up … and it simply did not try this.”
Bitcoin has, nevertheless, added round 25% because the U.S. and Israel first struck Iran in February, whereas gold has dropped by simply over 10%.
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The bitcoin worth has dropped sharply since late 2025, with bitcoin worth crash fears reemerging.
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Cuban stated that he’s “extra upset in bitcoin, not as upset in ethereum,” branding non-fungible tokens (NFTs) and memecoins “rubbish.”
In 2021, Cuban told the Delphi Podcast that his crypto portfolio was “60% bitcoin, 30% ethereum and 10% the remainder,” claiming in a now-deleted X publish that he had “by no means bought” since starting to experiment with Coinbase in 2012.
The bitcoin worth rally stalling has raised fears amongst bitcoin and crypto market watchers that the temporary bitcoin worth rally might be about to reflect the 2022 crash that noticed bitcoin double-dip.
“Bitcoin has reached a significant bear market resistance stage, the 200-day transferring common at $82,400 following a 37% worth rally from the April lows,” analysts with CryptoQuant stated in an emailed observe.
“The parallel with March 2022 is direct: in that cycle, bitcoin additionally rallied 43% earlier than hitting the 200-day MA, after which the value resumed its downward development. The present setup raises the query of whether or not historical past repeats.”
