Bitcoin has slumped from a high above $125,000 to below $90,000 in recent months, underscoring the volatility that has characterized the asset class. Nevertheless, Bitcoin and other cryptocurrencies were rising on Friday as 2026 began on firmer footing. However, headwinds remain for digital assets after a period of underperformance and fears of a new crypto winter.
Bitcoin, Ethereum, XRP and other cryptos were gaining Friday, but options markets suggest investors do not see the gains lasting. Market participants note that gains could be tested as they weigh the sustainability of early-year momentum against persistent macro pressures. As the year begins, market sentiment remains cautious, with traders watching macro data and regulatory developments for signs the rally can endure.
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