Ben Cowen Says Bitcoin Has 65% Chance of Extending Bear Market, Watching $53,000
Ben Cowen says there's a 65% chance Bitcoin's bear market continues, pointing to the $53,000 realized price as the key level.
Bitcoin's vulnerability to macroeconomic shifts highlights the broader risks for non-yielding assets amid global financial volatility.
Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.
September 8, 2026, 8:30 amBitcoin traded near $79,100 on Tuesday, unable to hold $80,000, with jobless claims, inflation data and a Federal Reserve decision all landing inside eight days. The Calendar Doing the Work Three dates now stand between bitcoin’s price and a resolution of the range it has been stuck in. The first is Sept. 10, when U.S.
September 8, 2026, 7:30 amBen Cowen says there's a 65% chance Bitcoin's bear market continues, pointing to the $53,000 realized price as the key level.
Germany's AfD scored a big regional win.
Liquid exploit actors returned 3,400 BTC to the federation wallet after Blockstream confirmed patched bridge nodes, leaving about 598.5 BTC outstanding.
A golden cross has triggered on bitcoin's daily price chart, indicating a potential long-term bullish trend ahead.
Supposed whitehat hackers behind Sunday’s Liquid Network breach have returned 3,400 of the 4,000 BTC they took, but nearly $47 million in bitcoin is still outstanding.
Every major token fell on Tuesday, though most keep weekly gains, with traders pricing a 60% chance of a Fed hike next week.
The crypto-tax discussion in Germany has become significantly more political. The right-wing party Alternative for Germany (AfD), which has made headlines with its call to maintain the low 12-month tax that Bitcoin enjoys, secured a victory in the recent state election in Saxony-Anhalt.
The actors returned 85% of the Bitcoin withdrawn from Liquid’s federation wallet following the security incident.
Chris, the pseudonym the British man gave to the media, managed to reclaim his bitcoin stash after a legal fight with Intersango, formerly known as Britcoin, an exchange that shut down operations in 2014. While it was under Intersango’s custody, his investment grew to 3.3 million pounds ($4.4 million).