Trump says he has no plans to pardon ex-FTX CEO Sam Bankman-Fried, despite 
granting clemency to other crypto figures like CZ and Ross Ulbricht. President 
Donald Trump stated he has no plans to pardon former FTX chief executive Sam 
Bankman-Fried,…

Trump says he won’t pardon Sam Bankman-Fried, despite CZ, Ulbricht clemency

Trump’s 25% Iran tariff jolts markets as Bitcoin stalls at dense resistance, 
options reset, and macro volatility keeps BTC, ETH trapped in a choppy range. 
Bitcoin declined following U.S. President Donald Trump&#8217;s announcement of a 25% 
tariff on all countries…

Bitcoin dips as Trump’s Iran tariff shock hits key resistance band

Fidelity Labs managing partner Parth Gargava says bitcoin may be transitioning 
away from its familiar, halving-linked four-year rhythm and into something 
closer to a “supercycle”, a regime that could keep prices elevated for longer 
and make drawdowns less severe, if structural demand continues to build. 
Speaking in Fidelity’s Jan. 9 crypto outlook for 2026 video, Gargava anchored 
the discussion in the cycle framework many market participants have used for 
years: peaks arriving roughly a year and a half after each halving. 
“Traditionally, what we have seen is Bitcoin has had this four-year cycle,” he 
said, adding that the pattern has been “highly correlated to Bitcoin&#8217;s halving 
events.” He pointed to the 2016 halving followed by a peak in December 2017 
near $20,000, and the 2020 halving followed by another peak in 2021 about 18 
months later. That history matters because it frames the debate around the 
most recent halving in April 2024. Gargava acknowledged the straightforward 
inference some investors make from prior cycles: “So maybe we are past that 
peak price.” But he positioned that view as only one side of the argument, 
highlighting a competing thesis that the market’s structure is evolving. 
Related Reading: Bitcoin HODLer Selloff Ending? LTH Outflows Decline “On the 
other side, you&#8217;re also seeing a lot of arguments around how we might have 
entered into a supercycle as opposed to what we have seen in the past four 
years,” Gargava said. “And what a super cycle really means is you might have 
more prolonged highs, longer highs, and shallower dips.” Gargava credited 
Fidelity Digital Assets’ research team for outlining what he called the “super 
cycle mechanism,” and suggested an analogy to the commodities market in the 
2000s. The key point was not that bitcoin would mechanically copy commodities, 
but that a sustained, multi-year bid can alter how markets behave, extending 
expansions and compressing the depth of selloffs. JUST IN: $5 trillion 
Fidelity talks about how #Bitcoin might have entered a “supercycle” Bullish 🚀 
pic.twitter.com/IUv3GVHwEW — Bitcoin Magazine (@BitcoinMagazine) January 12, 
2026 Three Forces That Could Push Bitcoin Into A Supercycle He outlined three 
drivers he believes could underpin that kind of regime shift. First is “steady 
buy-in by institutions focused on ETFs,” which Gargava framed as persistent 
demand rather than episodic speculative bursts. In his telling, ETFs can 
function as a channel that keeps incremental capital flowing even when 
sentiment softens, potentially changing the market’s typical post-peak unwind. 
Related Reading: Bitcoin Tops $92,000 As DOJ Subpoenas Escalate Trump-Powell 
Fight Second is policy. Gargava pointed to “pro-crypto policies” in the US as 
a supportive backdrop, implying that a friendlier regulatory stance could 
reduce headline risk and encourage broader participation from investors and 
intermediaries that previously stayed on the sidelines. Third is market 
maturation and changing correlations. “We’re also seeing how the crypto market 
as a whole is maturing and deviating from the S&amp;P 500 and precious metals,” he 
said. The implication is that bitcoin’s trading behavior may be becoming less 
captive to traditional risk-asset moves and the simple “digital gold” 
narrative, an evolution that could matter for positioning, hedging, and macro 
sensitivity. Notably, Gargava did not claim the four-year cycle is 
definitively broken. Instead, he presented a live question for 2026: whether 
bitcoin continues to follow a post-halving path that culminates in a familiar, 
sharp boom-and-bust pattern, or whether structural forces: ETF-driven 
institutional demand, a more supportive US policy tone, and a maturing market 
profile support a longer, steadier expansion with “shallower dips.” At press 
time, Bitcoin traded at $92,182. Featured image created with DALL.E, chart 
from TradingView.com

Bitcoin Could Be Entering A Supercycle, Fidelity Warns

BitGo files for a $200m NYSE IPO led by Goldman Sachs and Citigroup as 
institutional crypto custody demand grows despite a choppy post-2025 market. 
BitGo, a cryptocurrency custody provider, has filed for a U.S. initial public 
offering seeking to raise…

BitGo targets $200m NYSE IPO as crypto custody demand accelerates

Standard Chartered trims ETH’s 2026 target but says Ethereum will regain 2021 
highs vs Bitcoin as throughput, DeFi and regulation drive a 2030 re-rating. 
Standard Chartered has established a new long-range target for Ethereum by the 
end of 2030 while…

Cryptocurrency price in VEF