In the past 24 hours, Bitcoin was up by 0.33% whereas Ethereum was down by 2.97% to trade at $2,835 level. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid were down by over 8%. The global crypto market capitalisation edged down 1.67% to $2.92 trillion, according to CoinMarketCap.
Also Read | 12 equity mutual funds lose over 10% in 2025. Where should investors focus in 2026?Piyush Walke, Derivatives Research Analyst, Delta Exchange, said that Bitcoin briefly climbed above $90,000 following the opening of U.S. equity markets, but the move was short-lived, with prices retreating to around $86,000, and Ethereum showed a similar reaction, spiking above $3,000 before pulling back.Walke said that the volatility followed the U.S. Senate’s decision to postpone crypto legislation until 2026, adding to regulatory uncertainty and Ethereum continues to struggle with weak investor demand, casting doubt on its ability to deliver a meaningful recovery in the near term.
Ethereum and Bitcoin slipped 11.59% and 4% respectively in the past week. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid were down by over 15% in the same period.
Nischal Shetty, Founder, WazirX said that BTC is trading around $86,800 amidst mild volatility based on macro drivers and liquidity rotation and lower central bank rates, like the Bank of England easing policy, are being touted as a catalyst to increase liquidity and support risk assets including crypto.Shetty added that on-chain data shows active Bitcoin wallets have fallen to 2023 lows, with the fear and greed index at 11. However, he pointed out that the $85,000 level marked Bitcoin’s all-time high last year after the US presidential election, and the current bearish sentiment at similar levels underscores Bitcoin’s enduring appeal and long-term investor optimism.
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Market perspective
CoinSwitch Markets DeskBTC slipped back toward the $85.5K–$86K zone after a brief failed rally near $90K, as the upside move was largely driven by short-term trading rather than sustained spot demand. The pullback also tracked weakness in U.S. tech stocks and continued year-end profit-taking.
