How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) had another difficult day. It is now down 13.33% over the past 5 days, but remains 19.08% higher in the year-to-date.
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According to TipRanks technical analysis, the IBIT remains at a Sell consensus based on 11 Bearish, 4 Neutral and 7 Bullish ratings.
Based on the activity of 823,495 investors in the recent quarter, it has scored above-sector-average positive sentiment. Those investors aged over 55 have been the most active.
Today’s Performance
Today the IBIT dropped 2.2% in mid-trading to $61.78. The main driver was the price of Bitcoin, which plunged 1.76% to $108,790.01 There is still a huge amount of investor caution over the state of the U.S. economy, particularly the impact of President Trump’s new tariffs strategy and the ongoing spat with China.
The price wasn’t helped by Tom Lee, the longtime analyst and chairman of the leading Digital Asset Treasury BitMine, that the crypto bubble might already have burst.
More appetizing news came from Burger restaurant chain Steak ‘n Shake, which launched the “Bitcoin Steakburger” today to celebrate five months of accepting BTC payments.
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