Bitcoin Split Halted as Miner Boycott and Treasury Offload Spark Volatility
A planned Bitcoin network split has stalled due to a silent miner boycott that halted the enforcement of BIP-110. This has introduced acute supply uncertainty and put downward pressure on BTC, which fell below $65,000 amid reduced mining participation.
In related news, a 1,635-BTC offload from the Treasury model reduced Empyre reserves by 76% within weeks, casting doubt on the 'never-sell-treasury' narrative. Meanwhile, China's largest gold purchase since 2023, amounting to roughly 200 tonnes, propelled bullion prices up 8%, as investors sought safe-haven assets amid heightened crypto volatility.
In the broader altcoin arena, a viral token surged 50% as Bitcoin slipped, while Ripple's XRP displayed historic oversold RSI suggesting a potential rebound. Additionally, AI-driven financial advisers were found to embed a hidden Bitcoin bias when a specific switch is activated, underscoring evolving technological influences on market dynamics.