Bitcoin nudged up slightly on Monday, holding near the \$89,000 mark after a week of decline, as broader market risk sentiment improved amid strong anticipation of interest rate cuts by the Federal Reserve in 2026.
The world’s biggest cryptocurrency traded at \$89,089.92 as of 10:25 AM Moscow time.
Bitcoin fell 2% over the past week, staying within a narrow band amidst low liquidity.
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Bitcoin struggles to regain momentum
Bitcoin finds it challenging to decisively breach the psychologically important \$90,000 level, as traders note decreased institutional investor demand and cautious positioning ahead of the year-end holiday season.
Risk appetite in markets has improved. Gold prices attained new record highs on Monday, bolstered by robust demand amid growing expectations that the Federal Reserve will reduce interest rates next year following softer-than-expected inflation figures.
Global stock markets advanced, with Asian shares opening higher along with U.S. futures, as investors anticipate improved liquidity and a potential year-end rally.
Analysts point to slowing ETF inflows and mixed sentiment surrounding digital assets as factors keeping the market within a certain range.
Hong Kong Insurers to Be Allowed to Invest in Crypto Under New Rules – Bloomberg
Hong Kong’s insurance market regulator is proposing new guidelines that will permit insurers to allocate capital to assets, including cryptocurrencies and infrastructure, as part of measures aimed at redirecting funds toward government-priority sectors, Bloomberg News reports.
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