The current price of Bitcoin (BTC) has risen to $68,400, reflecting a 2.6% increase over the last 24 hours and a 7.6% rise within the past week, according to CoinGecko data. Jan van Eck, CEO of VanEck, shared insights on CNBC, suggesting that Bitcoin is nearing its price bottom as the four-year halving cycle concludes.
Van Eck emphasized that the cyclical nature of Bitcoin's market, where prices surge for three consecutive years followed by a significant decline, is a critical factor to understand the current bear market. He predicts that this trend will continue into 2026, when another downturn is anticipated. He attributes recent price movements more to this cycle than to Bitcoin's underlying fundamentals.
While discussions around the four-year cycle have intensified, some analysts question its relevance due to increasing institutional adoption and various macroeconomic factors. Notably, geopolitical tensions, particularly the air strikes involving the U.S., Israel, and Iran, have also influenced Bitcoin’s market behavior, with van Eck suggesting that cryptocurrencies may offer a means to transfer funds amidst economic instability.