Bitcoin Magazine

Bitcoin Price Slumps 6% in Two Days, Briefly Falls Below $90,000

Bitcoin price fell sharply over the past 36 hours, sliding more than 5% over that time and briefly dipping below $90,000 early Tuesday as macroeconomic uncertainty and renewed scrutiny of corporate bitcoin treasuries weighed on the market.

The world’s largest cryptocurrency was trading near $95,500 on Sunday night but fell to around $89,800 by Tuesday morning, extending losses that began with a violent sell-off late Saturday and into Sunday evening and Monday morning.

The move erased nearly $5,700 from bitcoin’s price in less than two days, according to Bitcoin Magazine Pro data.

The initial leg lower came Sunday night, when the bitcoin price plunged nearly $4,000 in a two-hour window amid heavy selling across crypto markets. 

Around 6 p.m. EST, a wave of liquidation-driven selling hit derivatives markets, wiping out more than $500 million in leveraged long positions in roughly an hour, with total crypto long liquidations topping $525 million during the period.

Tariff drama 

The sell-off coincided with heightened macro uncertainty after U.S. President Donald Trump announced plans to impose sweeping new tariffs on European nations beginning February 1. 

Under the proposal, a 10% tariff would apply to goods from eight countries — Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland — rising to 25% by June 1 if no agreement is reached. 

Trump tied the measures to U.S. efforts to secure Greenland, further escalating transatlantic tensions.

European leaders pushed back strongly, warning the tariff threats could trigger a “dangerous downward spiral.”

All this is happening as gold surges to a new all-time high near $4,750, underscoring a flight toward traditional safe-haven assets as risk markets sold off. This flight hasn’t been reflected in the bitcoin price.

Adding to uncertainty, the U.S. Supreme Court is expected to rule on whether Trump had the authority to impose broad tariffs under emergency powers. 

The case centers on the use of the International Emergency Economic Powers Act (IEEPA) to declare trade deficits a national emergency. 

A ruling against the administration could force the government to refund more than $100 billion in tariffs already collected, potentially disrupting budget and defense funding assumptions.

Corporations affecting the bitcoin price

On-chain data shows GameStop allegedly transferring a total of 2,396 BTC to Coinbase Prime in January, including 100 BTC on Jan. 17 and 2,296 BTC on Jan. 20.

The transfers represent roughly 51% of the company’s original 4,710 BTC holdings, sparking speculation that the meme-stock retailer may be preparing to sell part of its bitcoin position.

GameStop added bitcoin to its corporate treasury in mid-2025, purchasing 4,710 BTC during a brief window in May at an average price near $106,000 per coin. 

While transfers to brokerage wallets are often interpreted as potential selling signals, the company has made no official announcement confirming a sale.

In contrast, Strategy (MSTR), the world’s largest publicly traded corporate bitcoin holder, continued to buy aggressively last week.

The company disclosed the purchase of 22,305 BTC for approximately $2.13 billion at an average price of $95,284 per bitcoin. As of Jan. 19, Strategy holds 709,715 BTC acquired at an average price of $75,979, representing more than 3% of bitcoin’s circulating supply.

Despite the accumulation, Strategy shares fell about 7% in early trading as the bitcoin price slid below $90,000, highlighting the growing sensitivity of bitcoin-exposed equities to short-term price moves.

The bitcoin price is trading at $90,252, down 3% over the past 24 hours on $45 billion in volume, leaving it about 3% below its seven-day high of $93,302. 

The network’s market capitalization stands at roughly $1.8 trillion, with 19.98 million BTC in circulation out of a capped supply of 21 million.

This post Bitcoin Price Slumps 6% in Two Days, Briefly Falls Below $90,000 first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Climbs Above $97,000 on $1.7B ETF Inflow Surge

The bitcoin price surged above $97,000 this week, marking its strongest level in more than two months, on a mix of economic news and renewed inflows into U.S. spot Bitcoin exchange-traded funds (ETFs.

Crypto investors appear to be kicking off 2026 with a familiar playbook: allocating heavily to Bitcoin ETFs. 

On Tuesday, the dozen U.S.-listed spot Bitcoin funds recorded roughly $760 million in net inflows, the largest single-day total since October. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the pack, absorbing about $351 million, while Bitwise’s BITB and BlackRock’s iShares Bitcoin Trust (IBIT) also posted strong gains.

The momentum accelerated on Wednesday. Data from SoSoValue shows spot Bitcoin ETFs took in another $843.6 million, extending the positive streak to three consecutive days and bringing total inflows over that period to approximately $1.71 billion. 

Eight of the 12 funds reported net inflows, with BlackRock’s IBIT alone drawing in $648 million, underscoring its dominance among institutional allocators.

Bitcoin’s price action reflected that renewed interest. After spending much of November and December trading below $92,000, BTC broke decisively higher this week, reclaiming the $94,000–$97,000 range and pushing toward $100,000. 

The move triggered roughly $700 million in short liquidations, amplifying volatility and accelerating the rally, according to Bitcoin Magazine Data.

ETF flows have become a key barometer of institutional sentiment since spot products launched in early 2024. While cumulative inflows reached more than $56 billion by mid-January, flows turned negative in late December amid typical year-end caution. 

The sharp reversal this week suggests investors are once again viewing Bitcoin as both a growth asset and a diversification tool. This reflects in a growing bitcoin price.

Economic conditions affecting the bitcoin price

Macro conditions have also played a role. A softer-than-expected U.S. Consumer Price Index (CPI) reading released on January 13 eased fears of further aggressive monetary tightening, lifting “risk-on” sentiment.

At the same time, escalating geopolitical tensions and political uncertainty in the U.S. have boosted interest in alternative stores of value, including the Bitcoin price.

Still, volatility risks remain. Markets are closely watching a potential U.S. Supreme Court ruling on President Donald Trump’s tariffs, which could inject fresh uncertainty into global trade and financial markets. 

At the time of writing, Bitcoin price is trading at $97,046, up 2% over the past 24 hours, with roughly $67 billion in daily trading volume. 

The asset is sitting about 1% below its seven-day high of $97,705 and 2% above its seven-day low of $95,318. Bitcoin’s circulating supply stands at 19.98 million BTC, giving it a total market capitalization of approximately $1.94 trillion, also up 2% on the day.

This post Bitcoin Price Climbs Above $97,000 on $1.7B ETF Inflow Surge first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Explodes Past $97,000 as Traders Set Sights on $100,000 

The bitcoin price continued its strong run this week, breaking out of a multi‑week trading range and climbing well above key psychological levels as market participants digest macroeconomic data and new institutional interest.

The bitcoin price hit an eight-week high and triggered roughly $700 million in short liquidations, per Bitcoin Magazine Data. Polymarket now estimates a 73% chance that Bitcoin will reach $100K in January.

After trading relatively sideways near the low‑$90,000 or lower for the last two months, the bitcoin price began gaining traction over the weekend, ultimately surging above $97,000 at the time of writing. This is its best level in more than two months. 

The rally, which has persisted through January 14, reflects a convergence of technical, macro, and sentiment drivers that have reignited bullish conviction across crypto markets.

This squeeze helped propel the Bitcoin price through resistance and toward fresh highs, triggering liquidations of speculative short bets and amplifying volatility.

Technically, Bitcoin’s reclaim of the $94,000–$96,000 zone has been widely interpreted as a breakout from its recent consolidation range. 

Macro economic signals that are fueling bitcoin

The timing of Bitcoin’s rally coincides with some pivotal economic developments. 

The U.S. Consumer Price Index (CPI) report released on January 13 showed inflation moderating — a result that eased fears of further aggressive monetary tightening and boosted “risk‑on” sentiment (think bitcoin) in global markets. 

While stocks and traditional risk assets reacted modestly, Bitcoin’s sensitivity to macro cues was evident as investors sought alternative stores of value and growth exposure. Stable inflation numbers have also alleviated concerns about elevated real yields, which historically challenge non‑yielding assets like Bitcoin. 

With inflation more contained than feared, traders and investors appear more willing to allocate capital to crypto, further underpinning the rally.

Another notable development in the world is the ongoing unrest in Iran that has intensified this week as nationwide protests against economic collapse and government repression raged amid a near‑total internet blackout, with authorities signaling fast‑track trials and possible executions of detainees. 

The crisis has amplified geopolitical risk, driving traditional markets into safe‑haven assets and sparking heightened volatility. 

In digital markets, Bitcoin has shown resilience and renewed investor interest, with BTC climbing despite broader risk‑off sentiment. 

Also this week, the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, sending ripples through markets — including Bitcoin.

 The investigation stems from Powell’s June 2025 testimony on a $2.5 billion Fed building renovation, which he says is politically motivated amid pressure from the Trump administration over interest rates. 

The escalating feud between the White House and the Fed has shaken U.S. markets, boosting safe‑haven assets like gold and bitcoin.

New institutional demand is boosting the bitcoin price

Beyond technical factors and macroeconomic data, institutional demand has resurfaced as a credible driver of bullish momentum. 

Spot Bitcoin ETFs recorded notable inflows over the past days — with figures suggesting the largest net inflows since late 2025 — signaling renewed interest from long‑term capital allocators and financial advisors.

Additionally, major corporate Bitcoin holders have contributed to the narrative. Strategy Inc., a widely followed holder of Bitcoin, announced a massive $1.3 billion acquisition of BTC in the days leading up to the price surge. 

What comes next for bitcoin price 

Despite the strong advance, there is strong resistance near the $97,000–$100,000 range that may pose a test for bulls, per Bitcoin Magazine Data. 

The market’s ability to hold these gains and continue absorbing inflows will be critical in determining whether the Bitcoin price can extend this rally further into the weekend and further into 2026.

Market sentiment — often measured by metrics like the Fear & Greed Index — is climbing away from extreme fear and toward more optimistic territory, though it has not yet reached levels typically associated with blow‑off tops.

At the time of writing, the bitcoin price is near $97,200, up over 4% in the last 24 hrs.

This post Bitcoin Price Explodes Past $97,000 as Traders Set Sights on $100,000  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Jumps 8% Into New Year as Bullish Momentum Builds

Bitcoin began 2026 with some renewed strength, climbing roughly 8% since the start of the year as institutional inflows, derivatives positioning and geopolitical developments have come together to lift sentiment across crypto markets.

The bitcoin price is trading near $94,100 today, reaching levels last seen in early December. The price briefly touched an intraday high of $94,352 after opening the year near $87,400 on Jan. 1, per Bitcoin Magazine Pro data.

As of this morning, bitcoin was changing hands around $94,000, according to market data, putting it within 1% of its recent seven-day high.

The rally pushed bitcoin’s market capitalization to roughly $1.87 trillion, with daily trading volume hovering near $51 billion. Bitcoin’s circulating supply stands just under 20 million coins, out of a fixed cap of 21 million.

The move higher followed a period of sideways trading through late December, when the bitcoin price struggled to break above resistance near $91,000. That level has since turned into short-term support, opening the door to a renewed test of the $94,000 – $98,000 range that capped prices for much of the past two months.

Geopolitics and the hedge narrative

Bitcoin’s rebound coincided with weekend reports that the United States had captured Venezuelan President Nicolás Maduro, a development that rippled across commodity and crypto markets. 

Oil stocks jumped on expectations that Venezuela’s energy sector could reopen under new leadership, while crypto-linked equities such as Coinbase and Strategy each rose more than 4%.

Analysts cautioned that the event itself was not a direct catalyst for bitcoin. Instead, it reinforced bitcoin’s role as a hedge against geopolitical pressures and sanctions risk.

“Escalating pressure without direct military conflict is supportive of bitcoin,” said Dean Chen, an analyst at crypto derivatives exchange Bitunix. He pointed to historical patterns in which tighter sanctions, capital controls or restrictions on the global banking system have coincided with increased real-world bitcoin usage.

Bitcoin price options market targets six figures and ETF inflows return

Derivatives markets suggest traders are positioning for further upside. On Deribit, the world’s largest crypto options exchange, open interest has surged in January call options with a $100,000 strike price.

The $100,000 January call has become the most popular contract on the platform, with total notional open interest reaching about $1.45 billion.

Spot bitcoin exchange-traded funds have also reemerged as a key driver. U.S.-listed bitcoin ETFs recorded nearly $700 million in net inflows on Monday, the strongest single-day total since October, according to industry data.

That demand represents more than 7,000 BTC, far exceeding daily new issuance from miners. Sustained ETF buying can tighten available supply and support higher prices, particularly when paired with declining balances on exchanges.

On-chain data shows roughly $1.2 billion worth of bitcoin was withdrawn from exchanges over the past 24 hours, a sign that investors are moving coins into self-custody rather than preparing to sell.

Bitcoin price technical levels

From a technical perspective, bitcoin price’s breakout from a multi-week consolidation has shifted attention to resistance near $98,000. A move above that level could bring the psychological $100,000 mark back into play, a threshold bitcoin failed to hold during late-2025 rallies.

Support for bitcoin price now sits near $91,400, with stronger backing around $87,000 if prices pull back. A failure below $84,000 would weaken the bitcoin price near-term structure, though longer-term bulls argue that rising yearly lows continue to define bitcoin’s broader uptrend.

For now, traders enter the new year with momentum on their side. Whether bitcoin price can turn the early-January surge into a sustained breakout will depend on continued ETF demand, options market dynamics and how global macro risks evolve in the weeks ahead.

This post Bitcoin Price Jumps 8% Into New Year as Bullish Momentum Builds first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Struggled in 2025, but Long-Term Lows Show a Strong and Rising Floor

Bitcoin’s price action in 2025 pointed to a market shaped less by speculative and impulsive excess and more by macro forces.

The bitcoin price traded through a wide range last year. According to Bitcoin Magazine Pro data, bitcoin rallied above $126,000 during mid-to-late-year advances fueled by ETF inflows and optimism around U.S. regulatory clarity. Those highs did not hold.

By the fourth quarter, tighter financial conditions and elevated real yields weighed on risk assets. The bitcoin price slid sharply from its peak and ended the year near $87,000. It is on track for its first full-year decline since 2022.

While the drop from the highs was steep and can feel negative, longer-term charts tell a different, more bullish, story.

Bitcoin’s yearly lows continued to trend higher. Data shows the yearly low rose from $366 in 2016 to $76,329 in 2025. Each major cycle has set a higher floor despite deep drawdowns along the way.

The pattern held after major downturns in 2018 and 2022. In both cases, bitcoin later established higher yearly lows. The 2025 low stands well above prior cycle troughs, even after a volatile year.

#Bitcoin yearly lows:

2016: $366
2017: $788
2018: $3,185
2019: $3,359
2020: $4,959
2021: $29,381
2022: $15,758
2023: $16,607
2024: $39,447
2025: $76,329

Zoom out. pic.twitter.com/ch0aj6SIfY

— Bitcoin Magazine (@BitcoinMagazine) January 2, 2026

The gap between yearly highs and lows widened in 2025. That spread reflects persistent volatility and rapid shifts in sentiment. It also highlights a market still adjusting to its growing size and popularity. 

Analysts say the rising floor suggests deeper capital support than in past cycles. Long-term holders have shown greater willingness to accumulate during declines. Forced selling has remained concentrated during brief liquidation events rather than extended crashes.

Macro conditions played a central role throughout the year. Inflation remained sticky. Central banks kept policy restrictive longer than expected. That backdrop favored yield-bearing assets and pressured speculative positioning.

The bitcoin price’s correlation with broader risk markets increased. Price movements tracked equities more closely, especially during U.S. trading hours. Late in the year, crypto assets often sold off while American stocks were open.

That pattern showed signs of shifting as 2026 began. The bitcoin price climbed above $90,000 during early U.S. trading sessions. 

October 10: Bitcoin price’s humbling ‘down to earth’ moment

Still, the defining moment of 2025 came earlier.

On Oct. 10, the bitcoin price suffered a massive and sharp intraday plunge of roughly $12,000. The move triggered billions of dollars in liquidations across derivatives markets. Total crypto market capitalization fell sharply in a single session.

The selloff set the stage for a prolonged pullback that is still being felt in the broader crypto market. Within weeks, bitcoin was trading more than 30% below its peak near $126,000. The decline erased much of the optimism that had dominated forecasts at the start of the year.

Entering 2025, price targets were aggressive. Many analysts and executives expected a sustained breakout well beyond prior highs. ETF inflows and institutional adoption formed the core of most bullish theses.

Those expectations failed to materialize. ETF demand absorbed supply but did not spark reflexive rallies. Liquidity conditions remained tight. Leverage repeatedly capped upside moves.

By year-end, the gap between forecasts and realized prices was clear. Bitcoin closed far below even the more conservative projections made earlier in the year.

Despite that, the yearly lows chart should attract attention and comforting thoughts.

The steady yearly lows reflect a maturing market. Bitcoin is larger, more regulated, and more integrated into global markets than during prior cycles. That structure may limit explosive rallies but also reduce the risk of total collapse.

The data suggests one clear trend. Even in a year marked by sharp corrections and unmet expectations, bitcoin price’s long-term floor will rise.

The bitcoin price is trading at $90,321, up 3% in the past 24 hours, with a market cap of $1.81 trillion and a 24-hour volume of $46 billion. Its price is near its 7-day high of $90,789 and 3% above its 7-day low of $87,967, with 19.97 million BTC in circulation out of a 21 million max supply.

This post Bitcoin Price Struggled in 2025, but Long-Term Lows Show a Strong and Rising Floor first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Will Jump to $143,000 Next Year, Says Citi Bank

The bitcoin price could climb to $143,000 next year as continued adoption through exchange-traded funds and a more accommodating U.S. regulatory backdrop draw new capital into the market, according to a new forecast from Citi.

Analysts at the Wall Street bank set $143,000 as their base-case target for the bitcoin price over the next 12 months. They outlined a bullish scenario that places the price above $189,000, while their bearish case sees the bitcoin price falling to around $78,500 if macroeconomic conditions deteriorate, according to MarketWatch reporting.

The bitcoin price was trading near $88,000 on Friday, down roughly 30% from its late-October peak. The pullback followed a sharp wave of selling after the rally earlier this year, though Citi noted that outflows from spot bitcoin exchange-traded funds have moderated in recent weeks.

“Our forecasts, in particular for bitcoin, rest on an assumption that investor adoption continues with flows into ETFs of $15 billion boosting token prices,” the analysts wrote. The note was led by Alex Saunders, Citi’s head of global quantitative macro strategy.

JUST IN: $2.6 trillion Citi says Bitcoin could hit $189,000 in the next 12 months pic.twitter.com/CgGEZ1XKB1

— Bitcoin Magazine (@BitcoinMagazine) December 19, 2025

Citi also pointed to potential regulatory clarity in the United States as a key driver of future demand. The U.S. Senate is negotiating its own version of the House-passed Clarity Act, legislation that would place bitcoin under the oversight of the Commodity Futures Trading Commission. The analysts said clearer rules could encourage broader institutional participation.

The bank’s bearish scenario assumes recessionary pressures and weaker appetite for risk assets. The bitcoin price fell to multi-month lows in November as concerns over high technology valuations and broader macro risks weighed on markets. 

The cryptocurrency shed more than $18,000 that month, marking its largest dollar decline since May 2021 amid heavy investor withdrawals.

Banks are embracing bicoin

Two weeks ago, the Bank of America told its wealth management clients to allocate 1% to 4% of their portfolios to digital assets, signaling a major shift in its approach to Bitcoin exposure. 

The move allowed over 15,000 advisers across Merrill, Bank of America Private Bank, and Merrill Edge to proactively recommend crypto to clients.

Last week, PNC Bank launched direct spot bitcoin trading for eligible Private Bank clients, allowing them to buy, hold, and sell bitcoin natively through its own digital banking platform without using an external exchange. The move was powered by Coinbase’s Crypto-as-a-Service infrastructure.

Bitcoin price analysis

Bitcoin’s latest sell-off underscores a market stuck in consolidation, where positive macro catalysts fail to translate into sustained upside. 

After briefly testing $89,000 on cooler-than-expected U.S. inflation data, bitcoin slid back toward the $84,000 range, extending a correction now entering its second month. The pattern has become familiar: sharp, data-driven rallies followed by quick retracements as sellers defend resistance below $90,000.

Macro signals offer mixed support. November CPI eased to 2.7% year over year, with core inflation at 2.6%, strengthening the case for eventual Federal Reserve rate cuts in 2026. That backdrop helped spark the intraday rally. Yet rising U.S. unemployment and uneven job growth complicate the outlook, reinforcing expectations that the Fed will move cautiously. Markets appear reluctant to price in aggressive easing.

A key drag remains U.S.-listed spot Bitcoin ETFs, which have shifted from consistent inflows to net redemptions. The outflows remove a stabilizing bid that previously absorbed sell pressure, making breakouts harder to sustain even on positive news.

Technically, the bitcoin price is range-bound. Resistance sits just below $90,000, while support near $84,000 is weakening. A decisive break lower could open a move toward the $72,000–$68,000 zone, where analysts expect stronger demand.

Extreme fear readings suggest potential undervaluation, but near-term momentum still favors sellers.

At the time of writing, the bitcoin price is dancing around the $88,000 level.

This post Bitcoin Price Will Jump to $143,000 Next Year, Says Citi Bank first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Crashes to $84,000 – Is $70,000 Next?

The bitcoin price dropped sharply today after a brief pump near $90,000, sliding to $84,544 as the price sell-off continued into its second month. 

Bitcoin lost 2% over the past 24 hours. It remains 5% below its seven-day high of $89,220 and hovers near the week’s low of $84,596. Trading volume reached $56 billion. Bitcoin’s market capitalization stands at $1.69 trillion. The circulating supply is roughly 19.96 million BTC out of a total 21 million, according to Bitcoin Magazine Pro data. 

The drop follows a brief rally that earlier saw the Bitcoin price test $89,000. The surge came after the U.S. released new Consumer Price Index data. Inflation rose 2.7% year over year in November, lower than expected. Core CPI, which excludes food and energy, fell to 2.6%, the lowest since early 2021.

Bitcoin jumped from intraday lows near $86,000 to challenge $89,000. Traders viewed the cooler inflation report as a potential signal for looser Federal Reserve policy in 2026. CME FedWatch data suggested slightly higher odds of a rate cut by March, though January moves remain unlikely.

The rally did not last. The bitcoin price failed to break $90,000 and slid to $84,4000. This pattern is familiar: sharp spikes followed by quick retracements.

What’s dragging down the bitcoin price?

A persistent challenge is U.S.-listed spot Bitcoin ETFs. These funds, once a major source of demand, have seen net redemptions. The outflows remove institutional support that previously helped stabilize the price. Without consistent ETF inflows, breakouts above $89,000 are harder to sustain.

Other economic indicators add uncertainty. Recent labor market data showed U.S. unemployment rising to 4.6%, its highest since 2021. Job growth remains uneven. The mixed signals complicate Federal Reserve policy, suggesting a cautious approach despite easing inflation.

Political factors add to market complexity. President Donald Trump has publicly urged lower interest rates and suggested nominating a Fed chair favoring aggressive easing. Markets have largely treated the comments as noise, but the statements add a variable to the macro picture.

Technically, the bitcoin price is consolidating rather than trending. Resistance forms just below $90,000. Supply above this level remains strong, held by investors who bought during prior rallies. 

Analysts at Bitwise recently suggested Bitcoin could break its historical four-year cycle. The firm noted BTC might reach new all-time highs in 2026 with lower volatility and reduced correlation to equities.

The Bitcoin Fear and Greed Index currently sits at 17/100, signaling extreme fear. Historically, readings in this range have coincided with undervaluation. Contrarian investors see potential buying opportunities, though sentiment remains cautious.

Is $70,000 next? 

Technical analysts from Bitcoin Magazine wrote earlier this week that the $84,000 support level is under pressure. If the bitcoin price falls below this point, it could test the $72,000 to $68,000 zone. Initial bounces are expected, but a break below $84,000 could trigger faster declines toward $70,000.

Bitcoin’s price may drop to the $72,000–$68,000 support zone after breaking the $84,000 level, with bears currently in control. A strong bounce is likely from that lower zone, potentially retesting $84,000, though the 4-Year Cycle suggests further downside could occur later in 2026.

Resistance extends from $94,000 to $118,000. Bulls will need substantial buying volume to break above these levels, per Bitcoin Magazine analysts. 

Short-term momentum favors sellers. Last week, the Bitcoin price closed the weekly candle in red, failing to sustain gains near $94,000. Bears are well-positioned to push prices lower this week. 

At the time of writing, the bitcoin price is $84,812. Trading volume reached $56 billion. Bitcoin’s market capitalization stands at $1.69 trillion. The circulating supply is roughly 19.96 million BTC out of a total 21 million, according to Bitcoin Magazine Pro data. 

This post Bitcoin Price Crashes to $84,000 – Is $70,000 Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Briefly Pumps Above $89,000 As Cooler CPI Data Rolls In

Bitcoin briefly surged above $89,000 on Thursday as a sharply cooler-than-expected U.S. inflation report came in.

At the time of writing, the bitcoin price was trading near $88,374, down roughly 2% over the past 24 hours, according to market data. The pullback leaves BTC about 2% below its recent seven-day high of $90,165 and roughly 4% above its week’s low near $85,374. Bitcoin’s market capitalization stands at approximately $1.77 trillion, with 19.96 million BTC currently in circulation.

The initial rally was sparked by fresh Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics, which showed inflation cooling faster than economists expected. Headline CPI rose 2.7% year over year in November, well below consensus expectations of around 3% and down from earlier readings. Core CPI, which strips out food and energy, fell to 2.6%—its lowest level since early 2021.

The bitcoin price reacted swiftly around the time of the data, jumping from intraday lows near $86,000 to briefly challenge the psychologically important $89,000 level, according to Bitcoin Magazine pro data.

The move reflected renewed optimism that easing inflation could give the Federal Reserve greater room to cut interest rates in 2026, a backdrop that has historically supported risk assets, including bitcoin.

According to CME FedWatch data, odds of a rate cut by March edged higher following the release, though expectations for a January move remain muted.

Bitcoin price action 

Still, the rally proved short-lived. The bitcoin price failed to reclaim $90,000 decisively and slipped back as the session wore on, currently sitting near $88,000. This has been a market dynamic that has become familiar in recent weeks: sharp, data-driven bursts higher followed by rapid retracements.

One key headwind remains sustained outflows from the U.S.-listed spot bitcoin exchange-traded funds. After serving as a major source of demand earlier in the year, ETFs have seen steady net redemptions, removing a layer of institutional support that previously helped absorb selling pressure. Market participants say the absence of consistent ETF inflows has made it harder for bitcoin to sustain breakouts, even on positive macro news.

Macro signals remain mixed beyond inflation. Earlier this week, delayed U.S. labor market data showed unemployment rising to 4.6%, its highest level since 2021, while job growth remained uneven. The data complicates the Federal Reserve’s outlook, reinforcing expectations that policymakers will proceed cautiously despite cooling inflation.

Political uncertainty is also lingering in the background. President Donald Trump has publicly called for significantly lower interest rates and indicated he plans to nominate a Federal Reserve chair who supports more aggressive easing. While markets have so far treated the comments as noise, they add another variable to an already complex policy landscape.

Zooming out, bitcoin’s price appears to be consolidating rather than trending. Despite remaining near record highs on a historical basis, price action has tightened, with resistance forming just below $90,000 and strong supply reported above that level from investors who accumulated during earlier rallies.

Analysts at Bitwise recently released a report suggesting Bitcoin could break away from its historical four-year market cycle, potentially achieving new all-time highs in 2026 while exhibiting lower volatility and reduced correlation with equities.

The Bitwise report argues that the Bitcoin price’s historical four-year cycle, tied to halvings and marked by gains followed by pullbacks, may no longer hold. The firm also challenged the long-standing criticism that BTC is too volatile for mainstream investors.

According to Bitwise, BTC was less volatile than Nvidia stock throughout 2025, a comparison Hougan says underscores the asset’s ongoing maturation.

Market in ‘extreme fear’

At the time of writing, the Bitcoin Fear and Greed Index sits at 17/100, signaling extreme fear among market participants. Historically, readings in this range have often coincided with undervalued market conditions, suggesting a contrarian buying opportunity for those willing to navigate the emotional volatility.

Two days ago, the market sat near 11/100 despite a higher bitcoin price point. 

For now, bitcoin’s response to softer inflation highlights its continued sensitivity to macroeconomic data, but the inability to sustain gains above $89,000 suggests conviction remains limited. At the time of writing, the bitcoin price is $88,142. 

This post Bitcoin Price Briefly Pumps Above $89,000 As Cooler CPI Data Rolls In first appeared on Bitcoin Magazine and is written by Micah Zimmerman.