LND
cryptoneutral

Crypto's Mixed Bag: What's Up With Bitcoin and Friends?

USAThursday, January 1, 2026
Advertisement

Bitcoin and Ethereum Struggle to Break Recent Highs

  • Bitcoin attempted to surpass $89,000 but fell short.
  • Ethereum hit a wall at $3,000.
  • Both cryptocurrencies are experiencing a rough fourth quarter:
  • Bitcoin down ~22%
  • Ethereum down nearly 28%
  • This marks the worst performance for both since 2018.

Crypto Stocks and Market Losses

  • Companies like Bitmine Immersion Technologies and Coinbase saw their stock prices dip.
  • Nearly $180 million was wiped out of the crypto market in 24 hours.
  • Bitcoin's open interest dropped, suggesting traders may be closing short positions.

Stock Market Turmoil

  • The Dow, S&P 500, and Nasdaq all took a hit.
  • The Federal Reserve's recent meeting minutes revealed divisions on interest rate cuts.
  • Most traders expect rates to remain unchanged in January.

Crypto Experts Weigh In

  • Analysts are watching Bitcoin's 21-day moving average, a key level before past rallies.
  • Michaël van de Poppe hopes for a "nice little surprise" on New Year's Day if Bitcoin breaks through.
  • Trader Killa predicts a dip before the next CPI report, followed by a big rally.
federal reservenasdaqcoinbasemichal van de poppe

Actions

flag content