Bitcoin Targets $90,000 Before Christmas, But 2025 Still Looks Red: Weekly Crypto Recap

Volatility calmed down over the holidays, but BTC managed to regain some of its recently lost value.

But first, let’s turn back the clock a week and quickly recap what happened last week. The US CPI data came out and was much stronger than expected. This led to an immediate but very brief surge in BTC to almost $90,000, but the subsequent rejection pushed the value south below $85,000.

It managed to regain some ground over the weekend and even went on the attack on Monday. For the first time in a few days, bitcoin rose above $90,400, and at first glance it looked sustainable. However, that was another failed breakout, as BTC fell below $87,000 on Tuesday and Wednesday.

On Christmas Eve and Christmas Day, the price remained sluggish at just under $88,000. The price fell below $87,000 earlier this morning, but then rose to $89,500. However, at this point it was rejected again and now sits just inches above $88,000. Consequently, BTC is still in the red this year as it entered 2025 with a value of over $94,000.

The weekly performance is relatively stable, while the market capitalization has reached the level of $1.760 trillion. However, its dominance over the alts is on the run as it has reached 58% on CG.

The weekly charts for the altcoins are a mixed bag. ETH, BNB, XRP, SOL, DOGE and ADA are slightly in the red, while BCH, XMR and ZEC are making small gains. CC and UNI have shown the largest increases.

Market data

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Market Cap: $3,060T | 24H volume: $93 billion | BTC dominance: 57.7%

BTC: $88,300 (+0.5%) | ETH: $2,955 (-0.1%) | XRP: $1.87 (-0.2%)

This week’s Crypto headlines you shouldn’t miss

Bitcoin bear market lasts months: bottom may not occur until late 2026 (analyst). One of the most popular analysts in the crypto community, Doctor Profit, believes that the bear market has begun and that BTC is expected to decline sometime in the third quarter of next year.

Bitcoin Didn’t Crash to $24K: Binance Wick on Illiquid Pair Explained. Yesterday, the price of bitcoin on Binance fell against the USD1 stablecoin to $24,111, raising some concerns. However, another renowned analyst explained today that this is not a market-wide collapse, but a fleeting liquidity vacuum on a single trading pair.

Hyperliquid Confirms Former Employee Behind HYPE Shorting Activity. The team behind the DEX noted earlier this week that a former employee was behind a recent incident involving a large short involving the native token HYPE. Hyperliquid reiterated its zero-tolerance policy towards similar trading misconduct.

‘High Quality’ Alts Like XRP Offer Better Benefits Than BTC, Says Analyst. CrediBull Crypto, an analyst known for his consistent pro-bitcoin narratives, outlined a different view, saying that certain “high quality” altcoins currently have better upside potential than the market leader.

Tom Lee’s Bitmine Adds 98,852 ETH in a Week and Now Holds 3.37% of the Supply. Bitmine Immersion Technologies is unfazed by the ongoing market uncertainty and continues to accumulate ETH on a weekly basis. As reported on Tuesday, Tom Lee’s Ethereum-focused company now owns 3.37% of the total supply of the asset.

Trust Wallet Hack Reaches $7 Million: CZ Hints at Possible Insider Role. Trust Wallet, a large and widely used crypto wallet provider, reportedly lost $7 million in various cryptocurrencies. The incident, first spotted by ZachXBT, could have been an insider job, Binance’s Changpeng Zhao hinted.

Charts

This week we have chart analysis of Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid – click here for the full price analysis.