BTC, ETH, SOL ADA News: Bitcoin steadies near $89,000 as gold hits record
Bitcoin stabilized near $88,800 as gold reached a record high and Asian stocks rose amid geopolitical tensions and rate cut expectations.Summary
Bitcoin traded around $88,800 on Monday, reflecting a general market shift back toward risk assets following record highs in gold and gains in Asian equities. Ether reclaimed the $3,000 level, with other major cryptocurrencies like XRP, Solana, and Dogecoin also edging higher after a volatile period. The market stability coincided with gold hitting an all-time high above $4,380 an ounce, fueled by geopolitical tensions and increased expectations for Federal Reserve rate cuts in 2026. Asian stocks, particularly technology shares, advanced, while the yen strengthened following the Bank of Japan's recent rate hike. Despite the positive macro backdrop, crypto remained fragile due to thin year-end liquidity and lingering leverage. Data suggests long-term Bitcoin holders are ending a selling phase, and institutional buyers, including corporate treasuries and ETFs, are absorbing supply faster than miners can produce it.
(Source：CoinDesk)