Bitcoin’s rally, which was fueled by strong institutional demand in October, has lost momentum toward the end of 2025. Investor optimism surrounding potential interest rate cuts by the US Federal Reserve has continued to fade, weighing on market sentiment.

As a result, Bitcoin is expected to close the year in negative territory, hovering around the US$86,000 level. On Tuesday (December 30, 2025) at 12:40 p.m. WIB, Bitcoin was trading near US$87,095, marking a decline of roughly 30% from its all-time high of US$126,080 recorded in October.

Diminishing expectations of further rate cuts by the Federal Reserve have cooled speculative activity in the crypto market. This shift has pushed most major digital assets into the red ahead of year-end trading, including Solana, XRP, and Ethereum, all of which have suffered steep corrections. Notably, each of these assets has posted double-digit losses throughout 2025.

According to CoinMarketCap data on Tuesday, top market-cap cryptocurrencies moved lower across the board. Solana (SOL) recorded the sharpest decline, falling 4.76% over the past 24 hours and plunging 36.76% year to date to US$122.66.

Bitcoin (BTC) also remained under pressure, dropping 3.19% in the last 24 hours and sliding 6.55% throughout 2025. The leading cryptocurrency is currently priced at around US$87,095, equivalent to approximately Rp1.46 billion.

From a technical perspective, Bitcoin still shows potential for further short-term weakness. The 30-minute chart indicates a lower low and lower high pattern, suggesting continued downward pressure. On a monthly timeframe, Bitcoin is expected to trade within a narrow range, with US$86,000 acting as a key support level and US$90,000 as the strongest resistance.

Citing Pintu, Bitcoin faces a challenging path to ending 2025 with positive performance. This situation is particularly notable as it could mark the first time Bitcoin closes a year in negative territory following a halving event.

Throughout 2025, the Federal Reserve has implemented three interest rate cuts of 25 basis points each. However, market uncertainty persists after Fed Chair Jerome Powell delivered forward guidance that was perceived as unclear. Future policy decisions by the Federal Reserve are expected to play a critical role in shaping global crypto market movements.

Profit-taking activity has also weighed on Bitcoin prices, as many investors locked in gains after the cryptocurrency reached record highs. This selling pressure has contributed to the year-end downturn. In addition, the Federal Reserve’s less dovish stance—signaling that rate cuts in 2026 may be limited to just one—has further dampened sentiment.

Despite these headwinds, a rebound remains possible. If Bitcoin manages to hold and bounce back from the US$85,000–US$86,000 support zone toward the end of 2025, it could retest resistance above US$90,000. A successful breakout could open the door for further upside toward the US$100,000 level.