Amid the rebound in U.S. stocks, Bitcoin still has not broken through $90,000, with mainstream cryptocurrencies experiencing mixed gains and losses.

Source: BlockMedia Original Title: [Coin Market] US stock market boosts but Bitcoin fails to break $90,000… Altcoins mixed Original Link:

Bitcoin stuck in $80,000 range, difficult to break through $90,000 threshold

According to reports, on the 23rd, Bitcoin (BTC) entered the $80,000 range and failed to successfully break through the $90,000 mark. Despite South Korea’s stock market reaching a historic high of 5,000 points, Bitcoin remains oscillating around $89,000.

As of 8:20 AM that morning, on domestic digital asset exchange Upbit, Bitcoin was up 1.24% compared to 9:00 AM the previous day, quoted at 1,326,900 KRW. The South Korean (Kimchi) premium was 1.59%.

At the same time, on a major global exchange, Bitcoin was down 0.66%, quoted at $89,990.

Mainstream coins show divergent performance

Apart from Bitcoin, the trend of mainstream coins varies. Ethereum (ETH) fell 1.98% to $2,949, Binance Coin (BNB) rose 0.01% to $886.57. Ripple (XRP) declined 1.81% to $1.92, and Astar (ASTER) increased 0.16% to $0.61.

US stock rebound struggles to boost crypto market

Despite strong performance in the New York stock market, Bitcoin has not followed upward. The NYSE rose for two consecutive days driven by President Trump’s withdrawal of tariffs on Europe and the potential de-escalation of Greenland military intervention. Geopolitical uncertainties eased, overall market sentiment improved, and large tech stocks saw increased buying.

The main catalyst for the stock market rebound was a shift in President Trump’s attitude. In his speech at the Davos World Economic Forum and in an interview with CNBC, he explicitly stated “no plans to use force to acquire Greenland,” and said he had “laid the groundwork for future negotiations” with NATO Secretary General. Notably, he withdrew plans for new tariffs on eight European countries, which had previously triggered a “sell-off of US assets” psychology, quickly calming.

The market views this diplomatic retreat as a strategic negotiation tactic by the US government, interpreting geopolitical risks as short-term buying opportunities. Eric Parnell, Chief Market Strategist at O谷 Consulting, told CNBC, “This rally proves that the market is not ignoring core fundamentals,” and pointed out that “negotiation noise often turns into opportunities.”

Bitcoin oscillates near $80,000

Bitcoin temporarily rose back to $90,000 but then declined, currently fluctuating around the initial $80,000 level. As a result, the liquidation of long positions has significantly increased.

According to Coinglass data, total liquidation over the past 24 hours reached $211.77 million. Among them, long position liquidations amounted to $141.01 million, twice the short position liquidations ($70.75 million). By digital asset type, Ethereum (ETH) had the largest liquidation volume at $68.82 million, followed by Bitcoin (BTC) at $44.16 million.

Market sentiment indicator declines

The Fear & Greed Index, which reflects investor psychology in the digital asset market, fell to 20 points today, down from 24 points the previous day. The index approaches 0 when selling sentiment is strong, and approaches 100 when buying sentiment is strong.