Bitcoin recovered its poise on Tuesday recouping some of the losses seen the day earlier amid a shaky start to 2025 for the crypto markets.
In early trading in London, BTC was up 1% or $863.75 at $95,390.49.
Bitcoin briefly fell below $90,000 on Monday, marking a 5% drop from the year’s start, before stabilising. Smaller tokens such as Ether are also down for the month.
Higher Treasury yields, driven by inflation risks linked to President-elect Donald Trump’s trade and immigration policies, have cooled investor appetite for crypto.
Bitcoin hit a record $108,316 in December. Analysts suggest the market remains in a "corrective phase", with potential declines to $87,500.