BTC Gains 5% as Citi Unveils Digital Asset Infrastructure Plan
Pushing market capitalisation to $1.33 trillion on Sunday, Bitcoin (BTC) gained 5% over the last 24 hours to $66,579.63, as Citigroup plans digital asset infrastructure in 2026, supported by easing selloffs after U.S. military action in Iran.
The price appreciation was supported by the positive expectation as Citigroup plans to launch a full digital asset infrastructure in 2026 to integrate Bitcoin directly into its traditional asset framework.
The Wall Street confirmed plan to make Bitcoin function within the same institutional framework that manages roughly $30 trillion in conventional assets.
The bank plans direct on-balance-sheet custody, not just ETF-style exposure. Institutional clients will manage Bitcoin alongside stocks and bonds within one reporting, compliance, and risk system.
BTC is closely tracking a surge in the total crypto market cap, primarily driven by a derivatives-led short squeeze and a technical bounce off a key support level.
The rally was amplified by forced buying in the derivatives market. Over 24 hours, $154.49 million in short positions were liquidated versus $30.74 million in longs, creating upward movement.
Bitcoin found strong support at the 78.6% Fibonacci retracement level of $65,323, from which it bounced. Its 24h gain of 4.78% nearly matched the total crypto market’s 4.53% rise, showing it moved in lockstep with the broader market.
The immediate path hinges on the $65,323 Fibonacci support. Holding above this level opens a path toward the next key resistance at the 61.8% Fib level of $69,444.
However, with the Fear & Greed Index at 16 (Extreme Fear), sentiment remains fragile. A breakdown below $65,323 could see a retest of the recent swing low near $60,074. The structure is set for a potential relief rally, but the bearish higher-timeframe trend requires caution.
Bitcoin’s rise is a technically-driven bounce amplified by a short squeeze, yet it remains within a broader downtrend. Bitcoin’s regulatory landscape is gaining clarity, with several jurisdictions advancing frameworks that could boost institutional access.
In the news, Thailand’s Securities and Exchange Commission (SEC) is finalising a regulatory framework to formally establish crypto ETFs and futures trading, with a rollout targeted for early 2026.
The rules aim to provide institutional-grade custody and liquidity solutions, addressing security concerns that have deterred major investors. KuCoin Token Falls by 8.51% over Severe Sell Pressure
