Bitcoin (BTC) slipped below the $90,000 mark on Sunday amid a calm trading environment, as investors displayed caution ahead of a week packed with significant economic reports and central bank announcements.
By early afternoon UTC, Bitcoin was trading near $89,600, reflecting a 0.9% decline over the previous 24 hours. Despite this drop, it showed slight gains for the week but remained approximately 7.6% lower compared to its value one month ago. Meanwhile, Ether (ETH) hovered around $3,104—down slightly for the day but up over 2% during the past seven days—outperforming Bitcoin on a weekly basis.
The broader cryptocurrency market exhibited muted activity as well. Tokens such as Solana, XRP, Dogecoin, and Cardano’s ADA all experienced declines throughout the day and continued to suffer double-digit percentage losses over the last month. This trend highlights ongoing weakness among major altcoins.
The total market capitalization of cryptocurrencies stood close to $3.15 trillion—a decrease of roughly 0.8% within 24 hours—with daily trading volumes around $89 billion reflecting typical low liquidity seen on Sundays. Bitcoin’s dominance in the market remained steady at about 57%, underscoring investors’ preference for holding onto this leading digital asset amid selective risk-taking.
Some experts warned that if critical technical support levels fail to hold for Bitcoin’s price consolidation phase could turn into further declines. Crypto analyst Ali Martinez mentioned earlier Sunday on X that maintaining support at $86,000 is crucial; should this level break downwards significantly deeper corrections might follow.
The markets seem to be taking a breather before an intense schedule of macroeconomic data releases unfolds in coming days across global financial centers like the United States and Japan.
In America specifically, investors will closely monitor various employment statistics including unemployment rates, ADP employment figures, weekly jobless claims, as well as inflation data from November. Additionally, flash Purchasing Managers’ Index (PMI) readings for December and speeches by Federal Reserve Governors Stephen Miran and Christopher J. Waller are expected to provide insight into future interest rate trajectories.
On another front, economic watchers are paying attention to Japan where expectations mount that Bank of Japan (BOJ) will raise interest rates during its upcoming policy meeting. “”
“”
A Reuters article published Friday reported markets have mostly priced in an increase pushing BOJ’s policy rate up to about 0.75%. This follows Governor Kazuo Ueda’s comments indicating inflation has stayed above their target threshold of two percent for more than three years straight.“”””&;&;; 's monetary stance would still be accommodative despite higher borrowing costs relative globally.
,&,,>,The report also emphasized that any future hikes would depend heavily upon how economic conditions respond after each adjustment.. However,the anticipation surrounding tighter monetary policies has drawn focus toward potential effects on yen-funded carry trades—which historically have provided liquidity supporting risk assets worldwide including cryptocurrencies..
Currently,crypto markets remain confined within narrow ranges with subdued volume levels along with limited conviction among traders awaiting clearer guidance from forthcoming US economic indicators plus central bank decisions.