Bitcoin is stabilizing on the daily timeframe as bearish momentum fades. Price remains below short- and mid-term moving averages, with resistance near $91,333 and support around $86,286. A close above $91,333 could open $92,678–$93,429, while a loss of $86,286 risks $85,516 and $84,739.

XRP is still trading below short- and medium-term EMAs on the daily chart, with momentum easing but the trend remaining bearish. Resistance is marked at $1.9335, then $2.1062 and $2.1442, while buyers defend $1.82–$1.80 and $1.7963 underneath. MACD is negative and RSI has steadied below neutral, signaling seller fatigue rather than a confirmed reversal.

U.S. stock benchmarks ended a shortened Christmas Eve session at record closing levels as major indexes extended strong 2025 gains. Gold hovered just below a new all-time high and remains up sharply for the year, while Treasury yields and the U.S. dollar both drifted lower alongside weakening labor indicators and softer oil prices.

In its 2026 outlook, VanEck says Bitcoin has trailed the Nasdaq 100 by roughly 50% year to date in 2025, a gap it argues could precede outperformance next year. David Schassler also pointed to gold's surge past $4,500 an ounce and projected $5,000 in 2026, while Matthew Sigel expects a consolidation phase.

The United States entered a new fiscal phase in 2025 as interest on federal debt exceeded $1 trillion, outpacing defense and Medicare. Net interest climbed from $345 billion in FY2020 to about $970 billion in FY2025. A July 2025 law mandates stablecoin issuers hold 100% USD or T‑bill reserves, potentially channeling major demand into Treasuries.

Arthur Hayes reduced his Ethereum exposure, selling about 1,871 ETH worth roughly $5.53 million over the past week and reallocating into ENA, PENDLE, and ETHFI. On December 24, 2025, he sent 682 ETH (about $2 million) to Binance while building a USDC position nearing $48 million. His ETH balance has fallen to approximately 3,160 ETH.

Russia's central bank governor Elvira Nabiullina told business media that the country's expanding Bitcoin mining industry has become one of several factors backing the ruble's exchange rate. Russian officials now frame large-scale mining as a kind of export that converts domestic energy into globally tradable digital assets, while regulators discuss channeling most crypto activity through licensed banks. Major state-linked lenders such as VTB and Sberbank are already testing crypto-linked derivatives and pilot programs for wealthy clients, signaling a gradual turn toward regulated market access.

Arthur Hayes, co-founder of BitMEX, argues that the Federal Reserve's new Reserve Management Purchases policy could ignite a rally that drives Bitcoin toward $200,000 in early 2026 before a steep correction. He forecasts BTC first regaining $124,000 and then surging higher, even as other analysts warn that on-chain data now points to a developing bear market.

On December 20, 2025, Tether CEO Paolo Ardoino outlined plans to hire a lead engineer to develop a self-custodial mobile wallet that integrates the firm's on-device AI stack. The product is designed to support only Bitcoin via Lightning, USDT, USAT, and the gold-backed XAUT token, emphasizing payments and value preservation. Built on Tether's WDK and QVAC platforms, the wallet would give users local AI-assisted features without relying on cloud-based data processing.