Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin rises above $89,000, showing rare ga
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin rises above $89,000, showing rare ga
Bitcoin rises above $89,000, showing rare gain in U.S. trading
Bitcoin rises above $89,000, showing rare gain in U.S. trading
Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.
By Helene Braun, James Van Straten|Edited by Stephen Alpher
Dec 30, 2025, 4:10 p.m.
BTCUSD (TradingView)
What to know:
- Bitcoin was trading higher during U.S. market hours, marking a notable shift after a month in which BTC fell roughly 20 percent cumulatively while American stocks were open.
- Declining open interest suggests the move is driven by short-covering rather than fresh leveraged longs.
- Broader crypto markets remain fragile as ETF outflows, tax-related positioning, and light holiday liquidity pressure prices.
Crypto prices kicked off the U.S. trading day with a modest rally, with bitcoin BTC$88,646.74 re-taking the $89,000 level after having dropped to $87,000 one day ago.
Bitcoin being higher during U.S. market hours is a notable shift after the past month in which prices have seemingly dropped every single day during the U.S. session. Indeed, bitcoin has seen about a 20% cumulative decline during the American trading day over the last 30 days, according to Velo data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
As for Wednesday's small advance, Coinglass data shows bitcoin open interest denominated in BTC has fallen since the U.S. market opened, dropping from 514,000 BTC to 511,000. This decline in open interest alongside rising price action points to short positions being closed rather than new leveraged longs being added.
Crypto-related stocks like Coinbase (COIN), Robinhood (HOOD) and Circle (CRCL) were all little-changed, as were the broader S&P 500 and Nasdaq.
Year-end de-risking, record ETF outflows, and thin holiday liquidity are keeping the market subdued, according to Wintermute strategist Jasper de Mare.
All three major crypto assets remain below key systematic levels, with price action largely driven by rollover flows and tax-related positioning, he continued.
Spot bitcoin ETFs saw $19.3 million in net outflows on Monday, marking the seventh straight day of redemptions. In mid-December alone, $1.29 billion was pulled from bitcoin funds, led by a $157 million single-day outflow from BlackRock’s IBIT, according to de Mare. While IBIT has recorded $25 billion in inflows year-to-date, he said December’s risk-off rotation may reflect tax-loss harvesting. He added that altcoins, largely outside the IRS’s wash-sale rules, have not shown the same selling pressure.
On the derivatives side, over $27 billion in BTC and ETH options expired on Dec. 26 in the largest single-day expiry in crypto history, according to Deribit data. Funding rates and open interest — which peaked at $70 billion in June — have steadily declined into year-end.
BTC’s 7-day realized volatility fell sharply into Dec. 25, but has started to pick up, driven by erratic intraday swings. De Mare advised traders to avoid overfitting short-dated signals until institutional flows return in early January.
Bitcoin NewsCoinbaseMarket Wrap
More For You
State of the Blockchain 2025
Commissioned byInput Output Group
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
View Full Report
More For You
Grayscale sees regulation, not quantum fears, shaping crypto markets in 2026
U.S. market structure legislation is poised to be the dominant force for digital assets, while near-term concerns about quantum computing are overdone.
What to know:
- Grayscale expects a bipartisan U.S. crypto market structure bill to pass in 2026.
- Clearer rules could accelerate institutional adoption and onchain activity.
- Quantum computing risks are real, but unlikely to affect prices next year, the asset manager said.
Read full story
Latest Crypto News
CoinDesk 20 Performance Update: Ethereum (ETH) Gains 1.8% as Index Moves Higher
Grayscale sees regulation, not quantum fears, shaping crypto markets in 2026
Aptos gains as volume surge signals accumulation
Unleash Protocol hit by $3.9 million exploit with funds routed through Tornado Cash
In 2025, bitcoin showed how spectacularly wrong price forecasts can be
Long-term holders turn net accumulators, easing a major bitcoin headwind
Top Stories
In 2025, bitcoin showed how spectacularly wrong price forecasts can be
Metaplanet buys 4,279 bitcoin, lifts total holdings to 35,102 BTC
BlackRock’s BUIDL hits $100M million in dividends and passes $2 billion in assets
Grayscale sees regulation, not quantum fears, shaping crypto markets in 2026
Long-term holders turn net accumulators, easing a major bitcoin headwind
Unleash Protocol hit by $3.9 million exploit with funds routed through Tornado Cash
Market Opportunity
SuperRare Price(RARE)
$0.02565
$0.02565$0.02565
USD
SuperRare (RARE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Google's AP2 protocol has been released. Does encrypted AI still have a chance?
Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00
Zama to Conduct Sealed-Bid Dutch Auction Using Encryption Tech
Zama unveils innovative public token auction, using proprietary encryption. Bidding begins January 21, 2026. Key details on protocol and market impact.Read more
Share
Coinstats2026/01/20 18:13
Fed Finally Cuts Interest Rates – Crypto Boom is About to Begin
The federal funds rate now stands in a range of 4.00% to 4.25%, a level that reflects a delicate balancing […] The post Fed Finally Cuts Interest Rates – Crypto Boom is About to Begin appeared first on Coindoo.
Share
Coindoo2025/09/18 02:01