Bitcoin Price Rises to $88,896 as Crypto Market Shows

Ohana Magazine – The cryptocurrency market has experienced varied movements over the past 24 hours, with large-cap assets, particularly Bitcoin (BTC), showing signs of strength. As of Friday, December 26, 2025, at 12:00 PM WIB, Bitcoin’s price reached $88,896, marking a 1.4% increase. In the last 24 hours, Bitcoin fluctuated between a low of $86,866 and a high of $89,287, demonstrating its volatile nature. Despite this fluctuation, the trend is positive, with Bitcoin gaining about 2.27% over the past week.

Ethereum Follows Bitcoin’s Lead

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is also on the rise. As of the latest data, Ethereum’s price is hovering around $2,968, with a market cap of approximately $358 billion. Ethereum’s price increased by almost 1% in the past 24 hours, showing strength alongside Bitcoin. However, its long-term trend remains subdued compared to the explosive growth it experienced in previous years.

Stablecoins Maintain Stability

Unlike Bitcoin and Ethereum, stablecoins such as Tether (USDT) and USD Coin (USDC) have remained relatively stable, both holding steady around the $0.99 mark. This stability reflects the predictable nature of stablecoins, designed to maintain a value equal to the US dollar. These coins continue to serve as safe havens for investors amid market fluctuations.

Decline in Altcoins

In contrast to Bitcoin’s rise, several altcoins are struggling. Binance Coin (BNB) saw a slight dip, trading around $840, while XRP experienced a mild correction to about $1.86. Dogecoin, once a popular meme coin, saw a more significant drop, falling more than 2% to $0.12. Similarly, Cardano (ADA) also faced pressure, dropping to $0.35.

Altcoins Showing Promise

Despite the challenges faced by major altcoins, some cryptocurrencies are performing well. Bitcoin Cash (BCH) surged by over 6%, reaching approximately $607, showing that there is still growth potential in certain sectors of the market. Monero (XMR) also rose by 1.4%, and LEO Token increased by more than 3%, offering some hope for investors looking for alternatives to the larger-cap cryptocurrencies.

Market Sentiment and the Future of Crypto

The overall sentiment in the crypto market is mixed. While Bitcoin and Ethereum show resilience, several other coins, including major altcoins like Binance Coin and XRP, face continued challenges. Investors are closely watching the developments, including Bitcoin’s dominance, which currently stands at 59.4%. This indicates that Bitcoin remains the leading player in the market, but the landscape is evolving.

The Long-Term Outlook

Looking at longer-term trends, Bitcoin has faced challenges over the past three months, with a 18.9% decrease, and a 5.8% drop year-to-date. Despite this, Bitcoin remains the most valuable cryptocurrency, with a market capitalization of $1.77 trillion. Investors will continue to keep an eye on its performance as it competes with gold and other traditional assets in terms of value preservation.