Economist Peter Schiff questioned the sustainability of Bitcoin’s ongoing rally on Wednesday, arguing that investors are mistakenly rotating profits from commodities into cryptocurrency-linked assets.

Schiff Downplays Bitcoin Rally

Schiff suggested in an X post that traders are taking profits in gold and silver mining stocks and buying Bitcoin exchange-traded funds and Strategy.

“That’s a big mistake,” the Bitcoin skeptic stated, urging them instead to cash out of Bitcoin and MSTR and use the proceeds to buy precious metal-linked stocks.

Schiff made a similar call earlier this month, arguing that Bitcoin’s uptick isn’t a bullish sign but just a “pumper” narrative.

Commodities,… Read more on Benzinga

The Official Melania (CRYPTO: MELANIA) coin has taken off to a rocking start in 2026, building buzz ahead of the highly anticipated documentary on First Lady Melania Trump.

MELANIA Coin Beats TRUMP Coin

The Solana (CRYPTO: SOL)-based memecoin has popped 50% since the year began, outperforming the returns from market heavyweights such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Open interest in the coin has jumped 85% this year, according to Coinglass, signaling high speculative interest.

Interestingly, MELANIA has also overshadowed the Official Trump (CRYPTO: TRUMP) memecoin linked to President Donald Trump.

CryptocurrencyYTD Gains +/-Price (Recorded at 8:30 p.m. ET)Official… Read more on Benzinga

Bitcoin rallied, while the stock and oil markets retreated on Wednesday as geopolitical tensions and the upcoming vote on a cryptocurrency bill influenced investors’ decisions.

CryptocurrencyGains +/-Price (Recorded at 8:30 p.m. ET)Bitcoin (CRYPTO: BTC)+1.23%$96,617.34Ethereum (CRYPTO: ETH)               -0.11%$3,330.89XRP (CRYPTO: XRP)                         -1.89%$2.12Solana (CRYPTO: SOL)                         +0.18%$145.81Dogecoin (CRYPTO: DOGE)             -1.84%$0.1455Bitcoin Lifts As Sentiment Turns To ‘Greed’

Bitcoin rallied to a 2-month high of $97,860, extending its gains this year to more than 10%.

Benzinga

CleanSpark, Inc. (NASDAQ:CLSK) shares surged on Wednesday after it announced it is expanding its Texas footprint with a land-and-transmission deal near Houston aimed at powering large-scale data center campuses built for artificial intelligence and high-performance computing.

The move targets a scarce resource in today’s market: transmission-level electricity in a strategically located grid.

The company signed a definitive agreement to acquire up to 447 acres in Brazoria County, Texas, along with a long-term extension arrangement for transmission facilities. CleanSpark anticipates that the site will initially support approximately 300 megawatts, with potential for expansion up to 600…

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Bitcoin briefly spiked to $97,500 on Wednesday as improving macro sentiment boosted risk assets, driving a sharp increase in liquidations and renewed ETF demand.

Notable Statistics:

Coinglass data shows 149,828 traders were liquidated in the past 24 hours for $848.51 million.       

In the past 24 hours, top gainers include Dash, Internet Computer and Monero.

Notable Developments:

Trader Notes:  Altcoin Sherpa said Bitcoin has finally broken out of its two-month consolidation range, though market sentiment remains cautious due to lingering fear from past false breakouts.

Despite the hesitation, he remains bullish, noting that a move toward $100,000 is still the base case unless a…

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