Bitcoin hovers at $86,000 as token faces 'lackluster' end of 2025

Bitcoin (BTC-USD) hovered near $86,000 on Wednesday as Wall Street remained wary of a meaningful rebound heading into the end of the year. Recent jitters over AI-related stocks and speculation over who will take over Fed Chair Jerome Powell’s position next year may be keeping a lid on prices. “For a while, the market was convinced that ultra-dove Kevin Hassett was a shoo-in for the next Fed Chair role, but now Kevin Warsh – a far more hawkish candidate – appears to be emerging as the frontrunner,” said N ...