Name: Bitcoin falls below $89,000 as gold hits a fresh record
Uploaded: 2025-12-22T23:50:56.022Z
Duration: 1 min 3 s
Description: CNBC’s MacKenzie Sigalos reports that crypto is under pressure as the safe-haven bid shifts to record-high gold, even as crypto-linked equities hold up better than the tokens.

CNBC’s MacKenzie Sigalos reports that crypto is under pressure as the safe-haven bid shifts to record-high gold, even as crypto-linked equities hold up better than the tokens.

Wall Street

Bitcoin and several major altcoins, including XRP and Solana, saw significant declines, with Bitcoin trading under $89,000—about 30% below its October all-time high. Institutional investment in crypto remains weak, and Bitcoin ETFs are not providing substantial support, even as the Federal Reserve has cut rates.

Meanwhile, gold reached another record high, attracting safe haven demand that has not benefited cryptocurrencies. Despite the downturn in tokens, crypto-linked equities such as Circle, Bullish, Coinbase, and eToro traded higher, and the largest Bitcoin treasury holder increased its cash reserves, signaling caution over a possible prolonged crypto winter.

Bitcoin falls below $89,000 as gold hits a fresh record

Plus, Mackenzie Sagalas is watching the volatility in crypto. And Deirdre Bosa is here with what is driving the moves in Uber and Lyft. Mack, to you first. And crypto. Scott, Bitcoin and altcoins like XRP and Solana are in the red. Ether slipping below that three K mark and Bitcoin trading under eighty nine thousand. It's about 30 percent off its October all time high spot. Bitcoin ETF still aren't offering much support. Institutional flows remain soft. And even with the Fed now cutting rates, risk appetite is cautious in the crypto markets. That whole Bitcoin is digital gold story isn't really showing up either. The safe haven bid is going to metals with gold in another record high today. But crypto linked equities are bucking the dip in tokens. Circle, Bullish, Coinbase and eToro are all trading higher. And Strategy, the biggest Bitcoin treasury name, sold a batch of shares last week and added another 750 million dollars to its U.S. dollar cash reserve. That's a sign that they're building a cushion in case this turns into a longer crypto winter, Scott. All right, Mack, thank you very much for that.

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