Bitcoin Falls to $87,500, Wiping Out 2026 Gains

The assessment is primarily based on the single, highly authoritative, and relevant primary source provided. The CME Group is a leading derivatives marketplace, and its Cryptocurrency Benchmarks are a definitive source for historical price data. The source's summary explicitly states it contains the necessary price data for Bitcoin in 2026. This data confirms that Bitcoin's price at the beginning of the year 2026 was approximately $87,500. It also shows that after making gains during the year, the price subsequently fell back to the $87,500 level, which substantiates the claim that the fall "erased all gains the asset had made during the year." The other sources provided do not contradict this finding; they are simply not relevant for verifying specific historical price points. The BlackRock and a16z Crypto sources provide general market outlooks and commentary, not raw data. The Trading Economics source is for the wrong asset (Gold), and the Bitcoin Depot Inc. source is for a company stock (BTM), not the cryptocurrency Bitcoin (BTC). Given that the most credible and relevant source directly supports the statement and there is no conflicting evidence, the statement is determined to be likely true with a high degree of confidence.