Bitcoin Price Slips Below $90,000, XRP Falls. What Can Spark a Crypto Rebound. — Barrons.com
By Callum KeownBitcoin was trading back below $90,000 early Monday after cryptocurrencies endured more selling pressure over the weekend. It suggests a nervousness among investors at the start of the final full trading week of 2025.Bitcoin slipped to $89,847 early in the day, down around 0.3% over the past 24 hours, according to CoinDesk data. The world's largest cryptocurrency was trading at around $92,500 on Friday before falling to lows of $88,200 on Sunday. It's 29% off its record high of nearly $127,000 reached in early October.Popular altcoin XRP was down 0.7% at $2, while the second-largest crypto, Ethereum, rose 1.2% to $3,147.A flurry of macroeconomic data this week could be a catalyst for a crypto comeback, particularly if jobs reports on Tuesday and inflation data on Thursday strengthen the case for another Federal Reserve rate cut in January. Markets are currently only pricing in a 27% probability of a quarter-point cut next month, according to the CME FedWatch tool.If this week's data, which includes October and November jobs data as well as November's consumer price index, can increase those odds then digital assets may get a boost ahead of the holiday season.But for now, there's not much optimism about. While weekend trading is often thin, it can sometimes be a leading indicator of risk sentiment in the week ahead. "Bitcoin is down a couple of percent following the weekend trade, implying a deepening risk-off sentiment," Capital.com analyst Kyle Rodda said late Sunday.But the tentative rebound from those Sunday lows may give some for investors. Other risk assets were set to start the week in more positive fashion — futures on the tech-heavy Nasdaq 100 climbed 0.3% ahead of the open.December tends to be a good month for Bitcoin, which has risen an average of 9.2% in the final month of the year since 2014, according to Dow Jones Market Data. Something needs to change — and quickly — if it's to live up to history. About halfway through the month, Bitcoin is down around 1.2%.Separately, crypto group Tether submitted a bid for Italian soccer club Juventus on Friday. The stablecoin issuer proposed to buy majority shareholder Exor's 65.4% stake in the club.Exor rejected the proposal, The Wall Street Journal reported Monday. Juventus, which is publicly listed, jumped more than 12% in European morning trading.Write to Callum Keown at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.