China has achieved a historic milestone in the energy sector, as its electricity generation capacity from clean energy sources has exceeded fossil fuel capacity for the first time ever, driven by a decade-long boom in solar and wind power investment.

According to data tracked by Global Energy Monitor, 52% of China’s operational power generation capacity came from non-fossil sources as of February 2026, while 48% of installed capacity still relies on fossil fuels.

For years, China — the world’s largest carbon emitter — has led global clean energy investment, installing more solar and wind capacity than the rest of the world combined.

China’s clean energy capacity, including nuclear and hydropower, is expanding at a record pace as the world’s second-largest economy seeks to rely more on domestic energy sources to meet rising electricity demand, supported by a massive supply chain for solar panels and batteries.

Despite the green transition… coal remains dominant

However, Beijing continues to rely on coal as well, with coal power capacity additions in 2025 reaching their highest level in a decade.

China operates the world’s largest coal-fired power fleet and accounts for 71% of global coal capacity currently under development, according to the organization’s data.

China is leading growth in both renewable energy and coal at the same time to meet increasing electricity demand, meaning the clean energy boom has not made the coal sector irrelevant.

This strategy is partly driven by energy security concerns, as China continues building coal plants to avoid power shortages and factory shutdowns during peak demand periods or dry seasons that affect hydropower generation.

Data shows China has up to 674 gigawatts of non-fossil power capacity under construction, compared with 237 gigawatts of fossil fuel capacity under construction.

Of the total non-fossil capacity under construction, solar power leads all other energy sources, with utility-scale solar projects reaching 234 gigawatts — a capacity larger than that of the rest of the world combined.

Coal remains a major pillar of China’s energy mix

Despite clean energy dominating new expansion, coal remains a key source of electricity generation to ensure grid stability and prevent power outages during periods of high demand or hydropower shortfalls caused by drought.

As of January 2026, China had 1,243 gigawatts of operational coal-fired power capacity, with another 501 gigawatts under development, although not all projects are expected to be completed.

Over the past decade, China added 362 gigawatts of operating coal capacity.

China’s coal plant construction cycle reached peak levels last year, with 78 gigawatts of coal capacity coming online in 2025 — the highest annual figure in a decade — even as coal power generation declined, since clean energy covered all net growth in electricity demand.

New and reactivated coal project proposals also rose to a record 161 gigawatts, representing 13% of current operational capacity.

Analysts warned that proceeding with these projects could lock China into additional years of coal expansion beyond both energy demand growth and climate requirements.

China leads global energy transition investment

China remains the largest market for energy transition investment, with spending reaching about $800 billion out of a global total of $2.3 trillion in 2025, according to a BloombergNEF report.

The report added that China continues to represent the majority of global energy supply chain investment, a trend expected to continue for at least the next three years.

Ultimately, China is not abandoning one energy source in favor of another. Instead, it is expanding domestic industries to accelerate renewable energy while continuing to rely on coal as a foundational source to ensure electricity grid stability.

US stocks rose on Tuesday, driven by gains in Advanced Micro Devices shares and software stocks, as investor concerns eased over the disruptive impact of artificial intelligence on certain industries.

The S&P 500 climbed 0.8%, while the Nasdaq Composite advanced 1.1%. The Dow Jones Industrial Average added 416 points, or 0.9%, supported by a 3% rise in Home Depot shares after the company reported earnings that exceeded expectations for the first time in a year. The recovery in IBM — which had fallen sharply in the previous session due to AI-related concerns — also helped support Dow gains.

AMD surged 10% after Meta announced a multi-year agreement with the semiconductor company. The partnership involves deploying up to 6 gigawatts of AMD graphics processing units (GPUs) in AI data centers. Meta will also invest in AMD through a performance-based warrant agreement allowing it to purchase up to 160 million shares.

The move follows Meta’s announcement last week that it is using millions of Nvidia chips in its data center expansion plans. Nvidia shares rose 1%.

DocuSign was also among the gainers, climbing 4% after Anthropic announced that its “Claude Cowork” tool can now integrate with DocuSign, in addition to other enterprise tools such as Google Drive and Gmail. The announcement gave investors optimism that artificial intelligence could complement software companies rather than replace them.

This optimism extended across other software names. Salesforce — which also collaborates with Anthropic — rose 4%, while ServiceNow gained 2%. The iShares Expanded Tech-Software Sector ETF (IGV) advanced 3%, although it remains more than 30% below its 52-week high.

Anshul Sharma, Chief Investment Officer at Savvy Wealth, told CNBC: “It seemed to me that the market was adopting a sell-first, ask-questions-later mindset. That approach persisted for some time, which is why even enterprise software companies came under significant pressure.” He added that today’s moves represent a “classic rebound after a selloff.”

Sharma also said he is not fully convinced by the recent Wall Street narrative suggesting that artificial intelligence will quickly replace much of enterprise software.

He said: “From a legal-risk perspective, it is unrealistic to think large companies would suddenly abandon enterprise software — which is proven, tested, and aligned with their risk management standards — and build internal alternatives in the next few months or quarters.” He added that the recent decline in software stocks was an overly immediate reaction.

Copper prices rose during Tuesday trading despite the US dollar holding steady against most major currencies and despite an increase in inventory levels at the London exchange.

Trading activity in metals increased following the end of the public holiday in China, the world’s largest consumer of metals.

The most actively traded copper contract on the Shanghai Futures Exchange gained 0.8% to 101.51 thousand yuan ($14,728.88) per ton, according to Reuters.

Data released today showed that copper inventories in warehouses registered with the London Metal Exchange rose by 1,350 tons to reach 243,175 tons, the highest level since March 2025, after climbing 71% since the beginning of the year.

Meanwhile, the dollar index held stable in positive territory at 97.7 points at 16:51 GMT, recording a session high of 97.9 and a low of 97.7.

During US trading hours, May copper futures rose by 2.2% to $5.97 per pound at 16:45 GMT.

Bitcoin (BTC) is declining for a fourth consecutive session, while charts are sending increasingly clear bearish signals. The digital asset fell below $63,000 on Tuesday, February 24, extending a four-session losing streak with little sign of a meaningful rebound. It reached an intraday low of $62,964, the weakest level in about three weeks.

According to my technical analysis based on more than a decade of experience as an analyst and trader, Bitcoin is moving within a consolidation range near its lowest levels since the fourth quarter of 2024, although the structure of this consolidation appears fragile. In this report, I review the reasons behind Bitcoin’s decline, analyze the BTC chart in detail, and present the latest price outlook and key technical levels to watch.

Bitcoin price today: back below $63,000

Monday’s decline of more than 4% — the largest single-day drop since February 5 — set the tone, and Tuesday’s movement provided little reassurance for buyers.

The broader losses are notable. Since reaching an all-time high above $125,000 per coin in October 2025, Bitcoin has lost around 50% of its value. Research from VanEck indicated that the asset is currently trading about 2.88 standard deviations below its 200-day moving average — a level not seen over the past ten years, including during the COVID pandemic and the FTX collapse.

Bitcoin technical analysis: what the chart shows

According to my technical assessment, Bitcoin is increasingly trading within a consolidation range near its lowest levels since Q4 2024. The chart shows a clearly defined structure for this consolidation:

The consolidation floor lies between $60,000 and $62,000, where psychological support meets recent lows.

The consolidation ceiling sits between $72,000 and $74,000, the upper boundary that has stopped all recovery attempts.

A critical breakdown target stands at $53,000, with potential extension toward $49,000, which marks the lows of the second half of 2024.

A weekly close below the $60,000–62,000 range would, in my view, confirm a bearish breakdown. Beyond that, there appears to be no meaningful demand zone until the $49,000–53,000 area, implying potential additional downside of around 15% to 22% from current levels.

On the upside, buyers would need to reclaim the $72,000–74,000 range on a sustained basis before any genuine recovery can be discussed. Until then, any rebound is likely to be viewed as a selling opportunity within a broader bearish structure.

An important point in context: despite the depth of the decline, VanEck analysis shows that 90-day realized volatility stands near 38, roughly half the levels seen during the 2022 bear market when Bitcoin lost 78% from peak to trough. So far, conditions do not reflect panic or forced capitulation but rather a gradual and orderly deleveraging process — albeit a painful one.

Accumulating macro pressures

There is no single trigger behind this decline; rather, Bitcoin is facing pressure from multiple directions simultaneously.

The immediate catalyst is tariff-related uncertainty tied to US President Donald Trump. Following last week’s Supreme Court ruling regarding the International Emergency Economic Powers Act (IEEPA), Trump imposed new global tariffs of 15% through an executive order, reintroducing trade-policy uncertainty just as markets had begun to stabilize. The resulting risk-off move spread from equities directly into the crypto market.

Joel Kruger, crypto strategist at LMAX, said: “Crypto markets remain under pressure through Tuesday, with Bitcoin continuing its decline toward February lows.” He added that the negative tone reflects a mix of macro risk aversion, continued deleveraging, and defensive positioning — including rising sovereign yields, US dollar strength, and ongoing geopolitical uncertainty.

The second source of pressure is geopolitical tension. Military escalation between the United States and Iran — described by several sources as the largest since the Iraq War in 2003 — has driven traditional safe-haven flows. Gold and oil prices have risen, while Bitcoin has failed to benefit from the move.

Samer Hassan, Chief Market Analyst at XS.com, said: “Bitcoin has officially exited its consolidation phase and entered a new bearish cycle. This toxic mix of economic, political, and geopolitical shocks is pushing capital out of the crypto market and giving bears significant room to dominate.”

How far could Bitcoin fall? Key levels and outlook

This is the question every trader is asking right now — and the honest answer is that the range of scenarios remains wide.

Institutional views are divided. On the bearish side, a break below the $60,000–62,000 zone would technically open the path toward $49,000–53,000. On the more cautiously optimistic side, VanEck suggests that the combination of a deep pullback and significantly lower volatility compared with historical levels may indicate that a large portion of downside risk has already been absorbed.