by Coinstrooper Crypto Articles
Quick Take
  • Crypto traders framed the quieter tape as a liquidity story as much as a macro one.
  • Gabriel Selby, head of research at CF Benchmarks, said Bitcoin remained pinned under a key level as markets drift into the seasonal lull.
  • Wall Street’s late-week run kept the mood constructive.
  • The Dow and the S&P 500 closed at record highs on Wednesday in a holiday-shortened session, with the Dow up 0.60% and the S&P 500 up 0.32%.

What Happened

Bitcoin held near $89,127 in thin Boxing Day trade as Asian stocks edged higher and silver stayed in the spotlight after notching fresh record highs this week, with investors still leaning into the year-end risk bid.

With several Asia Pacific exchanges shut for the holiday, investors took cues from the last full session, when MSCI’s broadest index of Asia Pacific shares outside Japan rose 0.35%.

Market Context

Crypto traders framed the quieter tape as a liquidity story as much as a macro one. Gabriel Selby, head of research at CF Benchmarks, said Bitcoin remained pinned under a key level as markets drift into the seasonal lull.

“Bitcoin has struggled to break above the $90k level during a busy schedule of macroeconomic data releases, and price action appears to be forming a bearish wedge with downside risk,” he said.

“As we head into the holiday period, trading volumes are following their usual seasonal lull, which typically reinforces the choppy, high-resistance environment currently observed.”

Market snapshot

Total crypto market cap: $3.07 trillion, up 0.9%

That same rally fed the seasonal narrative traders keep calling the Santa Claus rally, a window that often draws positioning flows into the final sessions of the year.https://www.reuters.com/business/futures-dip-shortened-christmas-eve-trading-2025-12-24/

The post Asia Market Open: Bitcoin Steady At $89k As Thin Trading Lifts Stocks, Silver Shines appeared first on Cryptonews.

Why It Matters

Wall Street Records Fuel Year-End Risk Appetite

Details

Bitcoin: $89,127, up 1.5%

Ether: $2,965, up 0.6%

XRP: $1.87, up 0.00%

Wall Street’s late-week run kept the mood constructive. The Dow and the S&P 500 closed at record highs on Wednesday in a holiday-shortened session, with the Dow up 0.60% and the S&P 500 up 0.32%.

Defensive Trades Boost Gold And Silver

Geopolitics kept the backdrop tense, with Washington’s pressure on Venezuelan oil flows feeding a wider bid for defensive assets.https://www.reuters.com/world/india/gold-hits-record-high-safe-haven-demand-silver-climbs-new-peak-2025-12-23/