Bitcoin Targets $90K for Christmas but 2025 Still Looks Red: Weekly Crypto Recap

Volatility calmed over the Holidays but BTC managed to regain some of the recently lost value.

With 2025 coming to its inevitable closure, bitcoin’s price is showing minor signs of recovery, but the year is still heading for a loss despite the new all-time high reached just a few months ago.

But first, let’s rewind the clocks by a week and quickly recap what happened last week. The US CPI data came out and was much stronger than anticipated. This led to an immediate but very brief BTC surge to almost $90,000, but the subsequent rejection pushed the asset south to under $85,000.

It managed to recover some ground over the weekend and even went on the offensive on Monday. For the first time in several days, bitcoin jumped past $90,400, and it looked sustainable at first. However, that was yet another failed breakout as BTC plunged to under $87,000 by Tuesday and Wednesday.

It remained sluggish over Christmas Eve and Day at just under $88,000. It dipped to under $87,000 earlier this morning, but then surged to $89,500. However, it faced another rejection at this point and now sits just inches above $88,000. Consequently, BTC is still in the red year-to-date, as it entered 2025 at over $94,000.

Its weekly performance is relatively stable, while its market cap reclaimed the $1.760 trillion level. Its dominance over the alts, though, is on the run as it has neared 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 with minor gains. CC and UNI have marked the most significant increases.

Market Data

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Market Cap: $3.060T | 24H Vol: $93B | 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 Can’t Miss

Bitcoin Bear Market to Last Months: May Not Bottom Until Late 2026 (Analyst). One of the most popular analysts in the crypto community, Doctor Profit, believes the bear market has started and BTC is expected to bottom somewhere in Q3 next year.

Bitcoin Didn’t Crash to $24K: Binance Wick on Illiquid Pair Explained. Yesterday, bitcoin’s price on Binance against the USD1 stablecoin dumped to $24,111, which raised some concerns. However, another renowned analyst explained today that this is not a market-wide collapse but a fleeting liquidity vacuum on one 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 of a large short involving the native token HYPE. Hyperliquid reiterated its zero-tolerance policy toward similar trading misconduct.

‘High Quality’ Alts Like XRP Offer Better Upside Than BTC, Says Analyst. CrediBull Crypto, an analyst known for pushing consistent pro-bitcoin narratives, outlined a different viewpoint, 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, Now Holds 3.37% of Supply. Bitmine Immersion Technologies is unfazed by the ongoing market uncertainty and continues to accumulate ETH on a weekly scale. As reported on Tuesday, Tom Lee’s Ethereum-focused company now owns 3.37% of the asset’s total supply.

Trust Wallet Hack Hits $7M: CZ Hints at Possible Insider Role. Trust Wallet, a large and widely used crypto wallet provider, was reportedly drained of $7 million in different cryptocurrencies. The incident, first flagged by ZachXBT, could have been an insider job, hinted Binance’s Changpeng Zhao.

Charts

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