Bitcoin Drops Below $90,000, Erasing 2025 Gains Amid Volatility

2025-12-29 16:20

Bitcoin has erased all its gains for 2025, with prices falling below $90,000 due to renewed market volatility. The cryptocurrency has declined 28% from its October peak of $126,080, despite a recent 2.6% uptick in the last 24 hours. Since December 2024, Bitcoin has lost 5.3%, driven by macroeconomic concerns. Despite the current downturn, analysts from Bernstein and Grayscale remain optimistic about Bitcoin's future. They forecast a potential rise to $150,000 in 2026, citing a five-year cycle that could drive the cryptocurrency's value higher.

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