U.S. stocks fell across the board as traders reduced their bets on tech giants ahead of year-end, while gold and silver retreated from record highs. Bitcoin (BTC) briefly touched $90,406 in early trading yesterday before falling back and is currently fluctuating around $87.00. Market sentiment has turned cautious due to a lack of further positive catalysts and the fact that most investors are withdrawing for the year-end holiday.
US stocks fell across the board as investors reduced their holdings of tech stocks before the year-end.
Investors sold off some of this year’s big winners in the tech sector, including Nvidia, Tesla, and Oracle, as trading was thin ahead of the New Year holidays.
The S&P 500 has risen about 17% so far this year, which, despite underperforming many other global indices, has still defied expectations of a tariff-triggered sell-off.
Market optimism is widespread, with many believing the stock market will continue its upward trend in 2026 after three consecutive years of gains. Despite numerous risks, such as a potential stagnation in artificial intelligence development and unexpected policy shocks, analysts compiled by Bloomberg predict that the S&P 500 will see an average gain of 9% next year.
On Tuesday, traders will focus on housing price data released at 9:00 AM ET. The minutes of the Federal Reserve's December meeting will also be closely watched. The market will be closed on Thursday (New Year's Day).
Bitcoin briefly broke through the $90,000 mark before falling back, prompting investors to sell BTC to save on taxes.
Bitcoin (BTC) failed to maintain its strong upward momentum at the end of 2025, briefly touching $90,406 in early trading yesterday before falling back and currently fluctuating around $87.00. Market sentiment has turned cautious due to a lack of further positive catalysts and the fact that most investors are withdrawing from the market for the year-end holiday.
The crypto market fell 0.51% yesterday, bringing the total market capitalization to $2.96 trillion. Bitcoin and Ethereum briefly rebounded after Christmas, but encountered resistance near $90,000 and $3,000 respectively, with the failed breakouts triggering $160 million in long liquidation.
The Fear & Greed Index has risen slightly but remains at the upper end of the fear zone. A Bloomberg columnist believes that a price drop in Bitcoin at the end of 2025 presents a rare and highly attractive "tax-loss harvesting" opportunity for US cryptocurrency investors. Selling Bitcoin at the end of the year could effectively offset annual capital gains and even some ordinary income.
This article, titled "Bitcoin's Regain and Loss of the 90,000 Mark, and Investors' Reduction of Tech Stocks Before the Lunar New Year," first appeared on ABMedia, a ABMedia .
