Crypto Currency

Bitcoin pushes above $90,000 as traders eye change in pattern

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin pushes above $90,000 as traders eye change in pattern Particularly hard-hit in 2025’s final sessions, crypto-related stocks are bouncing in this year’s first trading day. By Stephen Alpher Updated Jan 2, 2026, 4:18 p.m. Published Jan 2, 2026, 4:16 p.m. Make us

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Bitcoin pushes above $90,000 as traders eye change in pattern

Particularly hard-hit in 2025’s final sessions, crypto-related stocks are bouncing in this year’s first trading day.

By Stephen Alpher
Updated Jan 2, 2026, 4:18 p.m. Published Jan 2, 2026, 4:16 p.m.
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A Wall Street banks's take on crypto. (Midjourney/Modified by CoinDesk)

Bitcoin rises above $90,000 (Midjourney/Modified by CoinDesk)

What to know:

  • Bitcoin rose above $90,000 during U.S. trading hours on Friday.
  • It’s a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
  • Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.

Last year in crypto will be remembered for many things, but one notable trend — particularly late in the year — was the selloffs that occurred nearly every day during U.S. trading hours.

It’s not much to go on just yet, but on 2026’s first official trading day, a change could be afoot as crypto prices are actually rising while American markets are open.

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The action has pushed bitcoin above $90,000, up 2.5% over the past 24 hours. Ether , solana and are seeing advances closer to 4%.

Assets in general are on the rise in the year’s first session, with the Nasdaq higher by 0.6%, led by AI-related chipmakers like Nvidia, Broadcom, Micron and Intel posting 3%-6% gains. Favored commodity play of late, silver has added 3%. Gold and copper are each modestly higher.

Bitcoin miners turned AI infrastructure firms are sharply higher across the board, with Hut 8 (HUT), CleanSpark (CLSK), TeraWulf (WULF) sporting 10% gains, and Cipher Mining (CIFR) and IREN (IREN) each higher by 8%.

Strategy (MSTR) and Coinbase (COIN) are each ahead more than 3%, Galaxy Digital (GLXY) by 7% and Circle Financial (CRCL) by 4.5%.

Bitcoin NewsMarket WrapBreaking News

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Strategy’s STRC perpetual preferred stock returns to $100, may trigger more bitcoin buying

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The bitcoin treasury company’s perpetual preferred equity, STRC, hit $100 for the first time since early November.

What to know:

  • Stretch (STRC), the perpetual preferred equity issued by bitcoin treasury company Strategy (MSTR) reclaimed its $100 par value in pre-market trading on Wednesday.
  • At that level, Strategy may sell more of the stock through at-the-market offerings to fund further BTC purchases.
  • STRC, which pays an 11% dividend, last traded at par between Nov. 4 and Nov. 13.
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Crypto Currency

Babylon pushes Bitcoin into on-chain finance as a16z crypto backs expansion

Trustless BTCVaults aim to use Bitcoin as on-chain collateral without wrappers or custodians. Babylon’s staking previously reached over $2 billion in total value locked. An integration with Aave V4 is expected to bring native Bitcoin collateral to DeFi by April 2026. Babylon is moving to widen Bitcoin’s role in on-chain finance, following fresh backing from


Babylon pushes Bitcoin into on-chain finance as a16z crypto backs expansion

  • Trustless BTCVaults aim to use Bitcoin as on-chain collateral without wrappers or custodians.
  • Babylon’s staking previously reached over $2 billion in total value locked.
  • An integration with Aave V4 is expected to bring native Bitcoin collateral to DeFi by April 2026.

Babylon is moving to widen Bitcoin’s role in on-chain finance, following fresh backing from venture capital firm a16z Crypto.

The investment supports Babylon’s transition from a single-purpose staking platform toward a broader financial infrastructure built directly on Bitcoin.

Rather than focusing only on yield, the project is positioning BTC as usable collateral across lending and other decentralised applications, without relying on wrapped tokens or custodial bridges.

The shift reflects a growing push across crypto markets to unlock capital efficiency from Bitcoin’s large but largely inactive supply, while keeping security anchored to the Bitcoin network itself.

a16z crypto investment

On Dec. 7, a16z Crypto disclosed a $15 million investment in Babylon, made through the purchase of Babylon’s native BABY tokens.

Babylon was originally developed as a Bitcoin staking protocol that allows BTC holders to earn yield without transferring assets off the Bitcoin network.

The firm said the investment reflects confidence in Babylon’s approach to extending Bitcoin’s functionality beyond staking, while preserving Bitcoin’s core security assumptions.

a16z positioned the project as a potential neutral alternative to wrapped BTC models, which currently dominate decentralised finance but introduce reliance on issuers, custodians, or multi-signature structures.

Trustless BTCVaults explained

Babylon is now expanding into lending infrastructure through what it calls Trustless BTCVaults.

These vaults are designed to allow Bitcoin to act as verifiable on-chain collateral without bridges, wrappers, or custodians.

The architecture relies on cryptographic tools such as witness encryption and garbled circuits to enable conditional execution tied directly to Bitcoin transactions.

The aim is to let Bitcoin interact with decentralised applications while remaining native to its own network.

According to a16z, this design could reduce counterparty and settlement risks that arise when BTC is represented on other blockchains via synthetic tokens.

Babylon’s approach targets the large pool of Bitcoin capital that currently sits idle, estimated at more than $1.4 trillion, by making it usable in lending, credit, and other capital-efficient use cases.

Founders and technical roots

Babylon was founded by David Tse and Fisher Yu.

Tse is a professor at Stanford University and is known for his academic work in information theory and blockchai

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Bitcoin price slips below $91,000 after $95K rejection as bears regain control

Bitcoin price saw a slight dip and sat near $91,300 at the time of writing. Gains on Tuesday followed bullish news from the MSCI. Will BTC bounce to reclaim $94,000, or will another rejection push prices under $90,000? Bitcoin slipped to below $91,000 after hitting a fresh rejection near the $95,000 resistance level. The decline


Bitcoin Price Forecast

  • Bitcoin price saw a slight dip and sat near $91,300 at the time of writing.
  • Gains on Tuesday followed bullish news from the MSCI.
  • Will BTC bounce to reclaim $94,000, or will another rejection push prices under $90,000?

Bitcoin slipped to below $91,000 after hitting a fresh rejection near the $95,000 resistance level.

The decline came amid a 3% dump for the bellwether cryptocurrency in the early US trading session on January 7, 2026.

Market data shows the price of Bitcoin fell to lows of $90,986 across major exchanges. However, bulls were showing resilience as the price moved back above $91,300 at the time of writing.

Mixed market sentiment as Bitcoin slips to $91k

Bitcoin price faced renewed selling pressure on Wednesday as bearish forces regrouped and looked to regain control after the crypto market’s brief rally.

On Tuesday, Bitcoin had jumped to near $95,000 before hitting a fresh rejection.

The dip to under $91,000 showed a mixed market outlook regarding the MSCI announcement that the index provider would not remove Strategy and other digital asset treasury companies from its benchmarks.

As seen across the market, this decision alleviated fears of forced selling by passive funds, sparking optimism and contributing to BTC’s temporary pump.

Morgan Stanley’s filing for spot Bitcoin and Solana ETFs also acted as a fresh tailwind.

However, amid outflows from spot Bitcoin ETFs, the positive sentiment soon gave way to some jitters. Bulls showed hesitation as investors weighed what the MSCI planned ahead of the upcoming review.

While many celebrated the news, some pointed to what the index noted.

CryptoQuant analyst Maartunn shared this cautious outlook via X:

“MSCI didn’t reject the idea of excluding crypto-heavy firms. They’re just delaying the decision and plan a broader review of investment-style companies,” he posted. “This feels more like a warning shot than a green light.”

Bitcoin price jitters

Bitcoin’s next move will be key for both bulls and bears.

Trading volumes have remained elevated in the past 24 hours, despite overall weakness and macroeconomic readings. A rebound from the pullback will accelerate a new rally.

But persistent bearish pressure could yet lead to another rejection. The RSI and MACD indicators on the 4-hour chart suggest sellers have an upper hand.

If prices slip under $90,000, a deeper correction may mean a revisit of support at $87k and then $85k.

Bitcoin Chart
Bitcoin 4-hour chart by TradingView

In the short term, the $91,000 zone will act as a pivotal support.

An uptick and de

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Bitcoin: Here’s why BTC’s $90K dip signals caution, not strength

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