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

    Binance expands its platform with a prediction market offering for millions of users.

    Binance has added a prediction markets feature to its Binance Wallet, enabling users to trade on real-world event outcomes directly within the app. The integration links Binance Wallet to Predict.fun,…

    Continue reading
    Bhutan has reportedly divested 70% of its Bitcoin over the past 18 months and may have paused or ended BTC mining.

    Bhutan is steadily exiting one of the most closely watched sovereign bitcoin strategies, continuing a measured reduction in its holdings. The kingdom’s reserves have declined from roughly 13,000 BTC in…

    Continue reading