Bitcoin approaches $89,000 as the crypto market capitalization recovers to $3 trillion

Source: Yellow Original Title: Bitcoin approaches $89,000 as crypto market cap recovers to $3 trillion

Original Link: https://yellow.com/es/news/bitcoin-se-acerca-a-los-89000-mientras-la-capitalización-cripto-recupera-los-3-billones Bitcoin (BTC) traded around $88,600 on January 2, while the cryptocurrency remained in a range between $85,000 and $90,000.

The total cryptocurrency market capitalization reached $3.08 trillion, a 1.2% increase compared to the previous day.

Bitcoin spot ETFs experienced their worst two-month period, with combined outflows of $4.57 billion between November and December.

The cryptocurrency gained approximately 1.3% in 24 hours after a volatile end to 2025.

What happened

Bitcoin’s price has consolidated within a narrow range of $85,000-$90,000 for two weeks.

U.S. Bitcoin spot ETFs recorded net outflows of $348.1 million on December 31.

The 11 spot ETFs recorded outflows of $1.09 billion in December, after outflows of $3.48 billion in November.

This marked the largest two-month redemption since these products were launched in January 2024.

Bitcoin’s price fell approximately 20% during the November-December period, coinciding with ETF outflows.

Ethereum (ETH) traded near $3,000, with a 1.5% gain in 24 hours.

Altcoins showed stronger percentage gains, with Cardano (ADA) rising 6.3% and Dogecoin (DOGE) advancing 7.1%.

Why it matters

Record ETF outflows reflect decreased institutional demand toward the end of the year, despite Bitcoin ending 2025 approximately 6% lower.

Market volatility, measured by Bollinger Bands, decreased to its lowest level since July, suggesting a potential significant price move ahead.

Total net assets in Bitcoin ETFs stood at $113.29 billion on December 31, a 33% decline from the October peak of $169.54 billion.

Despite year-end outflows, Bitcoin ETFs have accumulated net inflows of approximately $56.9 billion since their launch in January 2024.

Analysts note that this consolidation phase represents an adjustment of institutional positions rather than panic selling, as the market awaits new catalysts in 2026.