Headline: Биткоин вновь превышает $90 000 на фоне растущего интереса трейдеров и укрепления драгметаллов Translation: Bitcoin Surpasses $90,000 Again Amidst Growing Trader Interest and Strengthening Precious Metals

On December 29, the price of the leading cryptocurrency exceeded $90,000. Following the market leader, Ethereum’s price climbed above $3,000.

At the time of this report, Bitcoin is trading at $89,996, while Ether is at $3,037.

Sebastian Bea, the Chief Investment Officer at ReserveOne Inc., has linked the current momentum to the actions of retail participants. He believes that the upward trend is driven by the activities of short-term traders who are increasing their positions in the futures market.

The recovery of these major assets has painted the top 10 cryptocurrencies by market capitalization in green. Altcoins are showing positive trends, recovering from recent declines.

A sharp upward movement triggered a wave of liquidations amounting to $169.86 million, with $45.37 million pertaining to Ethereum.

Despite the price bounce, market participants’ sentiment remains gloomy. A popular indicator has indicated «extreme fear» for 16 consecutive days.

Crypto investor and blogger Lark Davis reminded everyone that Bitcoin’s price is only 3% below its opening for the year. The so-called «post-halving» yearly candle has never been red before.

On December 28, the price of silver reached an all-time high, coming close to the $84 mark. Gold also set a new record, rising to $4,530.

In The Kobeissi Letter, analysts noted the extreme volatility of silver over the weekend. The movement of its prices resembled that of digital assets: a sharp rise was quickly followed by a swift drop.

“Absolute madness in silver. At 6:20 PM ET, just 20 minutes after futures opened, the price soared to a record $83.75 (+6%). By 7:30 PM ET, the quotes fell to a low of $75.15, losing 10% of value within 70 minutes,” the analysts commented.

Experts have linked the rally in metals to the upcoming change in leadership at the Federal Reserve in 2026. The market anticipates that the new chairman will be aligned with President Donald Trump’s policies and will pursue interest rate cuts.

High industrial demand and hedging against inflation risks (known as «dollar devaluation trading») are also providing support for prices.

Despite the current lull in cryptocurrencies, digital assets have significantly outperformed metals in the long run.

Analyst Adam Livingston calculated that since 2015, Bitcoin has risen by 27,701%. In the same period, silver has only gained 405%, while gold has risen by 283%.

Notable cryptocurrency critic Peter Schiff countered Livingston’s claims, suggesting that momentum should be assessed over the past four years rather than a decade. He believes that «Bitcoin’s time has passed.»

Matt Golligher, co-founder of Orange Horizon Wealth, joined the discussion, pointing out a fundamental problem with commodities: price increases make extraction from previously unprofitable sources viable. The resulting increase in supply inevitably drives prices down—a mechanism that does not affect Bitcoin due to its fixed issuance.

Amidst the debates over the best store of value, the U.S. dollar is ending 2025 with its worst performance in a decade. Leading analyst Ethan Ralph noted a nearly 10% decline in the U.S. Dollar Index (DXY).

“The declining value of the dollar and the Federal Reserve’s inflationary policies will serve as a positive catalyst for gold, silver, and Bitcoin,” believes former BitMEX CEO Arthur Hayes.

It is worth noting that Matt Hougan, the Chief Investment Officer at Bitwise, anticipates that over the next decade, Bitcoin will continue to demonstrate high returns, although significant yearly fluctuations are unlikely.