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30/12/25 03:33 UTC-04

Bitcoin Price Today: Drops to $87K Amid Weak Trading

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin Price Today: Drops to $87K Amid Weak Trading

Bitcoin fell to $87,000 on Tuesday after another unsuccessful attempt to hold above $90,000 in the previous session, as low year-end trading volumes and weakening institutional demand put pressure on the world’s largest cryptocurrency.

The largest cryptocurrency traded 2.5% lower at $87,458.6 as of 06:32 GMT.

Bitcoin briefly surpassed the closely watched $90,000 level on Monday but quickly lost those gains, highlighting strong technical resistance near that level.

Bitcoin Under Pressure from ETF Outflows; Awaiting Fed Minutes

The cryptocurrency has struggled to gain momentum in recent sessions, and repeated pullbacks highlight traders’ lack of confidence as year-end approaches.

Persistent outflows from U.S.-traded spot Bitcoin ETFs have been a key factor weighing on prices.

Declining institutional demand, reflected in ongoing ETF redemptions, negatively affected sentiment after earlier institutional inflows helped push Bitcoin to record highs. The shift in flows coincided with profit-taking and a general cooling of risk appetite.

Trading conditions were further weakened by low holiday liquidity, which increased price volatility but limited further movement. Bitcoin remains below $90,000 despite occasional intraday spikes above that threshold.

Investors also remained cautious ahead of the release of the Federal Reserve’s December meeting minutes, expected later Tuesday.

The minutes are expected to highlight differences among policymakers regarding the outlook for interest rates after the central bank cut rates earlier this month.

Expectations for further rate cuts in 2026 have been an important driver for risk assets, including cryptocurrencies. Lower interest rates generally support speculative investments by reducing the appeal of yield-bearing assets.

However, uncertainty regarding the pace and magnitude of future Fed rate cuts keeps investors cautious in the near term.

Cryptocurrency Prices Today: Altcoins Fall Alongside Bitcoin

Most altcoins fell on Tuesday in line with Bitcoin amid cautious sentiment.

The second-largest cryptocurrency, Ethereum, dropped 3% to $2,949.92.

The third-largest cryptocurrency, XRP, fell 1.6% to $1.86.

Solana dropped 3%, Cardano plummeted 6.5%, and Polygon retreated more than 4%.

Among meme tokens, Dogecoin and $TRUMP fell approximately 3%.

See also: "The Main Reason for the Rise in the Price of the Privacy Coin Zcash Has Been Named"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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