Bitcoin Holds $88K as Institutions Accumulate BTC and Regulators Prepare Key January 29 Crypto Event

Bitcoin is trading near $88,600 with a market capitalization around $1.77 trillion as it stabilizes after a pullback from the $95,000 area, while institutional buyers continue to add exposure. Metaplanet has increased its 2025–2026 profit outlook despite a $680–$700 million BTC impairment, Strategy has purchased 2,932 BTC during the recent dip, and the SEC and CFTC have rescheduled a joint crypto harmonization event for January 29. On the charts, BTC is holding above $88,000 inside a descending channel, with support near $86,200 and potential upside targets toward $90,900, $93,300, and $95,500 if key resistance breaks.