After the sharp volatility on Wednesday, Bitcoin prices have gradually stabilized, maintaining around $86,600 with fluctuations. According to data from The Block, as of early Thursday Eastern Time, Bitcoin has slightly increased over the past 24 hours, trading at approximately $86,670. Previously, Bitcoin briefly surged above $90,000 but then quickly retreated, indicating that market sentiment remains cautious.
Analysts point out that recent Bitcoin price fluctuations are mainly influenced by macroeconomic uncertainties, including rising global risk aversion, slowing inflows into Bitcoin ETFs, deleveraging in the derivatives market, and increased correlation with US stocks. Nick Ruck, Director of Research at LVRG, stated that the current trend more reflects year-end asset allocation adjustments, and the “Christmas rally” expectations are cooling down.
Vincent Liu, Chief Investment Officer at Kronos Research, believes that Bitcoin oscillating between $85,000 and $86,000 is a normal price rebalancing after an upward move. As capital enthusiasm wanes and leverage levels decrease, the market is waiting for new liquidity or clear catalytic events. Until then, sideways trading may remain the main theme.
Regarding whether a “crypto winter” will occur, Liu said the current risks are limited. He pointed out that as long as Bitcoin remains above the true market average of around $81,000, the overall structure remains healthy. Only if it effectively falls below this level should the market be alert to a deeper correction.
On the macro front, the Federal Reserve’s policy outlook remains a key focus. Although recent rate cuts have been consecutive, Fed Chair Powell hinted that rate cuts might pause in January. CME FedWatch shows a probability of over 70% that rates will not be cut next month. However, US President Trump’s latest comments have attracted market attention; he stated that the next Fed Chair will “firmly support significant rate cuts” and hopes the benchmark rate will be reduced to 1% or lower. If a new candidate is confirmed, it could have medium- to long-term impacts on Bitcoin and the overall crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock CEO: Crypto Business to Generate $500 Million in Revenue for Company Over Next 5 Years
BlackRock CEO Larry Fink stated in his shareholder letter that Bitcoin and cryptocurrencies could generate $500 million in revenue within the next five years. BlackRock manages $55 billion in Bitcoin and holds approximately $150 billion in digital assets, establishing a leadership position in the digital markets.
BlockBeatNews19m ago
BlackRock CEO: Crypto Business to Generate $500 Million in Revenue for Company Over Next 5 Years
BlackRock CEO Larry Fink stated in his shareholder letter that cryptocurrency could generate $500 million in revenue for the company over the next five years. He emphasized BlackRock's leadership position in digital markets, managing nearly $150 billion in assets related to digital assets.
GateNews22m ago
BlackRock withdrew 2267 BTC from a certain CEX within the past 10 hours, worth approximately $158 million.
Gate News reports that on March 25, according to Onchain Lens monitoring, BlackRock withdrew 2267 BTC from a certain CEX within the past 10 hours, valued at approximately $158 million.
GateNews26m ago
ZachXBT: Russian OTC Broker Assisted Ransomware Money Laundering Over $4.7 Million, Fund Flows Span BTC to Avalanche
ZachXBT disclosed on X platform that Russian over-the-counter broker Khinkis is suspected of assisting ransomware money laundering of over $4.7 million since July 2025, involving the transfer of 796 Bitcoin, with funds being withdrawn in batches through multiple channels. The investigation shows the entity was active in Southeast Asia and Australia, with personal information repeatedly leaked, increasing enforcement difficulties.
金色财经_38m ago
BTC falls below $70,000
Jinse Finance reports that the market shows BTC breaking below $70,000, now trading at $69,995.57, with a 24-hour decline of 1.86%. The market is experiencing significant volatility, so please manage risk accordingly.
金色财经_41m ago
