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Asia Morning Briefing: Bitcoin holds steady above $90K as fresh money returns to crypto
Source: CryptoNewsNet Original Title: Asia Morning Briefing: Bitcoin holds steady above $90K as fresh money returns to crypto Original Link: https://cryptonews.net/news/analytics/32236952/ Crypto markets are starting the year in recalibration mode rather than retreat, with bitcoin consolidating above $90,000 and ether regaining relative strength as institutional positioning resets.
As Hong Kong began its Wednesday trading day, BTC slipped modestly on short-term frames but remained range-bound after clearing the psychologically important $90,000 level.
“With stocks, gold and other precious metals at all time highs, we see the situation as a battle between price correcting higher to be in line with all the other assets vs price moving lower over the next few months to respect the 4-year cycle,” George Mandres, a crypto analyst at trading firm XBTO, told CoinDesk in a note, adding that the latter “can very quickly turn into a self-fulfilling prophecy.”