How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was down again today after a short-lived recovery yesterday. It is now down 6.54% over the past 5 days, but remains 19.68% higher in the year-to-date.
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According to TipRanks technical analysis, the IBIT is now at a Neutral consensus based on 9 Bearish, 5 Neutral and 8 Bullish ratings.
Based on the activity of 824,216 investors in the recent quarter, it has scored above-sector-average very positive sentiment. Those investors aged between 35 and 55 have been the most active buyers.
In total 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT dropped 3.89% in mid-trading to $61.02. The main drag was the price of Bitcoin, which decreased 0.80% to $107,500,00.
This is despite Standard Chartered’s (SCBFF) global head of digital assets research, Geoff Kendrick, told Cointelegraph that the cryptocurrency could still climb to $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff concerns from President Donald Trump.
It may also be mirroring the recent decline in the once rampant gold price. Fundstrat digital asset strategist Sean Farrell said: “Gold generally leads, it peaks, rolls over, consolidates. Bitcoin follows. We’ll see if this is the early sign of a rotational trade.”
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