Bitcoin is treading water around $87,000 on Tuesday morning after Monday's stock market jitters sent cryptocurrencies into a tailspin. The selloff wasn't isolated to Bitcoin (BTC)—major altcoins took similar hits, with several dropping roughly 5%.
Here's where things stand across the major cryptocurrencies:
| Cryptocurrency | Ticker | Price |
| Bitcoin | BTC | $87,232 |
| Ethereum | ETH | $2,958 |
| Solana | SOL | $128.67 |
| XRP | XRP | $1.92 |
| Dogecoin | DOGE | $0.1317 |
| Shiba Inu | SHIB | $0.057969 |
What's Happening in Crypto
The broader crypto landscape continues to evolve. Hashdex recently argued that crypto can no longer be ignored or dismissed, recommending a 5% to 10% portfolio allocation. Meanwhile, the UK is reportedly planning to implement a regulatory framework for cryptocurrencies by 2027.
On the institutional front, Cathie Wood's 2026 playbook shows Bitcoin leading her crypto portfolio, though she's trimming Tesla (TSLA) to rebalance positions. JPMorgan is making moves to rival BlackRock and Goldman Sachs with a $100 million tokenized money market fund, and Visa is stepping up to advise banks on stablecoin strategy and implementation.
One lingering question: Bitcoin was supposed to pump to $150,000 in Q4. So why didn't it happen?
Technical Picture and Trader Sentiment
Crypto chart analyst Ali Martinez said Bitcoin is at a critical inflection point. Holding above $87,000 keeps the broader structure intact, while a breakdown raises the risk of a deeper move toward the $70,000 region.
Ted Pillows noted that open interest is rising as both longs and shorts enter the market, but buyer momentum is weakening.
The Coinbase premium has flipped negative, signaling fading spot demand and increasing the odds of a pullback toward the $84,000 to $85,000 support area.
Daan Crypto Trades pointed out that global liquidity is rising again, yet Bitcoin has not responded. He attributed the divergence to four-year cycle selling pressure and year-end tax-loss harvesting.
Historically, Bitcoin eventually tracks global liquidity, suggesting the underperformance could be temporary. Until then, choppy price action is likely to persist into year-end, with Q1 shaping up as a key test for whether BTC can break the traditional cycle.