Bitcoin price surged above $89,000 on Monday, but remained rangebound. The world’s largest cryptocurrency rose slightly after a weekly loss of 2%. Investors are optimistic about Federal Reserve rate cuts in 2026, which improved risk sentiment globally. Gold prices also surged to fresh all-time highs, driven by strong demand.
Bitcoin has struggled to break above the $90,000 mark, citing cooling demand from institutional investors and cautious positioning ahead of the year-end holiday period. Analysts point to slowing ETF inflows and mixed sentiment around digital assets as factors keeping the market range-bound.
Most altcoins also remained subdued on Monday, with Ethereum rising 1.7% to $3,032.92 and XRP largely muted at $1.92. In contrast, Solana and Cardano edged slightly higher, while Polygon fell 2.1%.
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Source: https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-rises-to-89k-amid-fed-cut-bets-but-remains-rangebound-4418479