Биткоин возвращается к $90 000 на фоне роста драгметаллов и снижения доллара Translation: Bitcoin Returns to $90,000 Amid Surge in Precious Metals and Dollar Weakness

On December 29, the price of the leading cryptocurrency surpassed the $90,000 mark. Following this, Ethereum’s price rose above $3,000.

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

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

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

This sharp upward movement provoked a wave of liquidations amounting to $169.86 million, with $45.37 million related to Ethereum.

Despite the price rebound, market sentiment remains subdued. A popular indicator has been signaling «extreme fear» for 16 consecutive days.

Crypto investor and blogger Lark Davis reminded that Bitcoin’s price is only 3% lower than the start of the year. Historically, the so-called «post-halving» annual candle has never been red.

On December 28, silver prices surged to a historic high, approaching the $84 mark. Gold also set a new record, rising to $4,530.

The Kobeissi Letter noted extreme volatility in silver over the weekend, with price movements reminiscent of digital assets: a steep rise was quickly followed by a rapid decline.

“Absolute madness in silver. At 18:20 ET, just 20 minutes after futures opened, the price skyrocketed to a record $83.75 (+6%). By 19:30 ET, prices fell to a minimum of $75.15, losing 10% of their value in 70 minutes,” analysts stated.

Experts linked the metals rally to the upcoming change in the leadership of the Federal Reserve in 2026, anticipating that the new chair will align with the policies of U.S. President Donald Trump and shift towards rate cuts.

High industrial demand and inflation risk hedging (known as «dollar depreciation trading») are also providing support to prices.

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

Analyst Adam Livingston calculated that since 2015, Bitcoin has increased by 27,701%. Over the same period, silver has risen just 405%, and gold has gained 283%.

Notable cryptocurrency critic Peter Schiff countered Livingston’s argument by suggesting that the performance should be evaluated over the last four years, rather than ten. In his view, «Bitcoin’s time has passed.»

Co-founder of Orange Horizon Wealth, Matt Goligher, joined the discussion, pointing out the fundamental issue with commodities: rising prices make extraction from previously unprofitable locations viable. An increase in supply inevitably pushes prices down—a mechanism that does not affect Bitcoin, with its fixed emission.

Amid the debates over the best store of value, the U.S. dollar is finishing 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 dollar’s depreciation and the inflationary policies of the Federal Reserve will act as a positive catalyst for gold, silver, and Bitcoin,” believes former BitMEX CEO Arthur Hayes.

Furthermore, investment director at Bitwise, Matt Hougan, claims that over the next decade, Bitcoin will continue to demonstrate high returns; however, significant swings within a year are unlikely.