Bitcoin Q4 slump exceeds 22% as rebound toward $90,000 fails to signal sustained recovery

Bitcoin briefly rebounded toward $90,000 on December 23, but analysts cited by BlockBeats argue the move does not yet mark a durable trend reversal. CoinGlass data show Bitcoin is down more than 22% in the fourth quarter, putting 2024 on track for one of its weakest Q4 performances since 2018, even as total crypto market capitalization has reclaimed the $3 trillion threshold. Several analysts attribute the bounce mainly to technical correction after prolonged declines rather than fresh capital inflows, and FxPro chief market analyst Alex Kuptsikevich said the current pattern is "not a real recovery," with only modest sentiment improvement. During Asian trading hours, Bitcoin hovered near $88,000, about 30% below its 2025 peak, while major tokens such as XRP, ETH, SOL, ADA and DOGE posted small gains and AAVE fell roughly 7% in 24 hours amid governance disputes.