🤑 Crypto Clings to $90K: Gold’s Glow-Up & Asia’s Mixed Bag 🌏

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Markets

What to know:

  • Bitcoin, stubborn as a mule, holds its ground above $90,000, more consolidation than capitulation. 💪
  • Ethereum, the scrappy underdog, flexes its muscles with weekly and monthly gains, even as futures traders take a breather. 🦾
  • Gold, the old reliable, is predicted to hit new highs in 2026, fueled by falling rates, central bank hoarding, and the world’s general state of chaos. 🌍💰

Good morning, Asia. The markets are stirring like a pot of stew left on low heat. Crypto, that wild child, isn’t running for the hills just yet. Bitcoin’s perched above $90,000, digesting its recent feast rather than puking it all up. Ether, ever the overachiever, is showing some grit, even if the futures crowd is taking a siesta.

Over in Hong Kong, as the sun peeked over the horizon, BTC took a modest dip, but it’s still stuck in its range, like a tourist lost in a maze. George Mandres, a crypto sage at XBTO, reckons it’s a tug-of-war between prices soaring to match the highs of stocks and gold, or slumping to respect some mystical four-year cycle. “A self-fulfilling prophecy,” he mutters, stroking his chin.

Ethereum’s got its own tune playing. While it’s outpaced Bitcoin in the short term, the futures market’s cooling faster than a forgotten cup of tea. Bradley Park, the brains behind DNTV Research, says CME ethereum futures are like a crystal ball, showing institutional types unwinding their bets. “Less of a crash, more of a nap,” he quips.

Glassnode chimes in, saying options traders are hedging their bets like it’s going out of style, while U.S. spot ETF flows are back in the black, hinting at institutions dipping their toes back in. It’s all consolidation and shuffling, not a full-blown retreat.

Market Movement

BTC: Bitcoin’s sideways shuffle above $90,000 is like a dance with no rhythm, macro forces and cycle fears locked in a stalemate. 💃🕺

ETH: Ether’s at $3,247, dipping on the daily but still strutting its stuff on the weekly and monthly charts, proving it’s got staying power. 🦄

Gold: After a 65% rally in 2025, gold’s gearing up for another record run in 2026, thanks to low rates, central bank greed, and the world’s never-ending drama. 🏆✨

Nikkei 225: Japan’s Nikkei took a 0.45% tumble on Wednesday, while Australia’s ASX 200 shrugged off inflation jitters with a 0.38% rise. 🌊🇦🇺

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2026-01-07 05:11