Market Overview - Bitcoin is currently trading just below the $90,000 price resistance, showing sideways movement since Boxing Day, indicating a cautious market sentiment as liquidity conditions improve globally [2] - Ethereum is nearing the $3,000 mark, supported by increased network usage, with daily transactions recently surpassing 2.2 million, setting a new record [2] Performance Analysis - Bitcoin closed the fourth quarter down more than 23%, marking one of its worst historical finishes, while Ethereum experienced an even steeper decline of over 28% [3] - In contrast, gold and silver saw significant gains last year, rising 64% and 120% respectively, while Bitcoin ended the year down about 7%, indicating a rare underperformance for the cryptocurrency [4] Adoption and Usage Trends - Despite the recent price declines, adoption stories in the crypto space continue to accumulate, suggesting underlying growth potential [3] - The rise in Ethereum's network usage, particularly through Stablecoins and DeFi protocols, highlights ongoing interest and activity within the sector [2]
Crypto Market News Today, January 2: Bitcoin Price Closing $90K, Ethereum Blasts $3K as On-Chain Activity Hits Highs
Yahoo Finance·2026-01-02 08:14