Saturday, January 24, 2026

Bitcoin rises to near the $89,000 level

The world’s largest cryptocurrency last traded 1.5% higher at $88,898.6

Bitcoin rose to around the $89,000 level on Friday but remained rangebound below the key $90,000 mark, after ending 2025 in negative territory amid thin liquidity and waning institutional demand.

The world’s largest cryptocurrency last traded 1.5% higher at $88,898.6 by 07:31 GMT.

Bitcoin declined 6% in 2025, with over 20% losses in the fourth quarter alone.

The world’s largest cryptocurrency has traded in a narrow range between roughly $85,000 and $90,000 over the past month, highlighting a period of consolidation as the new year begins.

Bitcoin’s muted performance followed a strong surge earlier in 2025 that culminated in a peak in October, when prices hit record highs.

Since then, institutional demand has cooled, with many large investors entering a consolidation phase after heavy buying earlier in the year.

Net inflows into Bitcoin investment products declined during the final quarter of 2025 as volatility increased and some funds reduced exposure, contributing to weaker price momentum.

Bitcoin ETFs saw net outflows of $3.5 billion in November and $1.1 billion in December, according to data available on sosovalue.

Liquidity thinned toward the end of the year as market participants stepped back during the holiday period.

Unlike other major asset classes, Bitcoin failed to benefit from the year-end rally seen in December. Global stock markets and gold posted gains on optimism over U.S. interest rate cuts and easing financial conditions, with gold reaching record highs as safe-haven demand surged.

Bitcoin, however, remained largely unaffected by these developments, as investors focused more on internal market dynamics and the slowdown in inflows.

Looking ahead, traders will be watching whether Bitcoin can break above resistance near $90,000 and remain sustainably above that level.

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