Jan 3, 2026
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Bitcoin Trades at $89,520 With Market Cap Reaching $1.79 Trillion
In December, Bitcoin remained stable between $85,000 and $90,000 despite earlier corrections in Q4 2025. Recently, it retested resistance at $90,500 amid market uncertainty.
Bitcoin Coinbase Premium Analysis
Analyst Burak Kesmeci noted a 4% increase in Bitcoin since the start of 2026. The rise in Coinbase premiums for Bitcoin and Ethereum suggests US investor influence on price gains. However, premiums remain negative, indicating continued caution from US investors.
Short-Term and Long-Term Price Triggers
- To initiate a short-term bullish trend, Bitcoin's 50-day simple moving average (SMA50) must stay above $89,415 for two days.
- A sustained break above $101,000 could establish a positive long-term trend, marking a key resistance level intersecting SMA365 and SMA111.
Currently, Bitcoin is trading at $89,520 with a 0.85% gain over 24 hours. Trading volume has surged by 11471%, reflecting high market activity. Its market cap reached $1.79 trillion, representing 58.6% of the total crypto market cap.
