Bitcoin tests $89,000 resistance as bulls aim to overcome U.S. selling pressure

Bitcoin bulls are making a push on Friday to overcome this week’s choppy trading that has repeatedly capped gains near $90,000.

Bitcoin (BTC $89,961.91) is attempting to break a recurring pattern of U.S.-hour sell pressure. After dipping below $85,000 late Thursday afternoon, BTC rebounded once U.S. markets closed, climbing back above $89,000 by Friday morning. However, the $89,000–$90,000 zone has consistently acted as a ceiling all week, with sellers pushing prices back down within minutes or a few hours of each breakout attempt.

As markets head into the pre-holiday weekend, bitcoin is holding fairly steady at $88,400, up 0.3% over the past 24 hours.

Ethereum (ETH $3,051.97) bounced to just under $3,000, rising 1% over the past day, while Solana (SOL $127.99) and SUI ($1.4844) led the overnight rebound among altcoins.

Digital-asset-related stocks mirrored the crypto rebound. Ethereum-focused treasury firm BitMine (BMNR) surged nearly 8%, while Galaxy Digital (GLXY) and stablecoin issuer Circle (CRCL) each gained around 3%. MicroStrategy (MSTR), the largest corporate bitcoin holder, also climbed more than 3%, pushing its multiple to net asset value (mNAV) to 1.09.

Meanwhile, BitDigital (BTBT) jumped 10% following news that its WhiteFibre (WYFI) subsidiary signed a 10-year, 40MW colocation agreement with Nscale valued at approximately $865 million. BitDigital owns roughly 70% of WhiteFibre, which itself rose 11%, amplifying the positive impact on BTBT shares.

  • Related Posts

    Nadim Zidan: Dubai’s Next Wealth Rally Is Being Built in Real Estate, AI and Digital Assets

    The first half of 2026 did not feel like a slowdown in the UAE. It felt like a reset. Growth remained broad, capital continued to rotate into hard assets, and…

    Continue reading
    Wall Street’s T. Rowe Price Debuts Multi-Token Crypto ETF Play

    T. Rowe Price has launched what it calls the first actively managed multi-token spot crypto ETF, offering investors diversified exposure to a range of digital assets through a single vehicle.…

    Continue reading