BTC battles key $89K level amid persistent U.S. selling pressure

Bitcoin bulls are attempting to break through this week’s choppy trading that has repeatedly capped gains near $90,000.

Bitcoin (BTC $89,961.91) is facing a familiar pattern of sell pressure during U.S. trading hours. After dipping below $85,000 late Thursday, BTC rebounded following the close of U.S. markets, climbing back above $89,000 by Friday morning. Yet the $89,000–$90,000 range has consistently acted as a ceiling this week, with sellers quickly pushing prices back down.

As the markets head into the pre-holiday weekend, bitcoin is holding steady around $88,400, up 0.3% over the past 24 hours.

Ethereum (ETH $3,051.97) rose near $3,000, gaining 1% over the past day, while Solana (SOL $127.99) and SUI ($1.4844) led overnight gains among altcoins.

Crypto-related stocks also advanced. BitMine (BMNR), an Ethereum treasury firm, jumped nearly 8%, while Galaxy Digital (GLXY) and stablecoin issuer Circle (CRCL) each rose roughly 3%. MicroStrategy (MSTR), the largest corporate bitcoin holder, climbed more than 3%, pushing its multiple to net asset value (mNAV) to 1.09.

BitDigital (BTBT) surged 10% after announcing that its WhiteFibre (WYFI) subsidiary signed a 10-year, 40MW colocation agreement with Nscale, valued at approximately $865 million. BitDigital owns around 70% of WhiteFibre, which itself gained 11%, amplifying the positive impact on BTBT shares.