Bitcoin Price Analysis: BTC Dips Below $86,000 As Liquidations Surge
Bitcoin (BTC) and the cryptocurrency market retreated as investors cut exposure to risk assets ahead of key US economic data due this week. Global markets also fell back, and the US Dollar flirted with two-month lows. However, crypto ETF inflows remain robust, indicating long-term positioning by investors.
The flagship cryptocurrency fell to a low of $85,337 early on Tuesday before moving to its current level of $86,324, down over 4% in the past 24 hours. However, some crypto analysts are optimistic, with Bitfinex expecting better global liquidity conditions in 2026.
Britain To Bring Crypto Under FCA Supervision
The UK Treasury is working on a resolution to bring crypto under the Financial Conduct Authority’s (FCA) supervision from 2027. According to a finance ministry statement, putting crypto under FCA oversight will allow digital assets to be regulated like other financial products. According to Chancellor Rachel Reeves, the move will facilitate clear rules, keep bad actors away from the market, and ensure strong consumer protection.
Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age.
Elsewhere, the US is progressing with its own crypto regulation, while the European Union (EU) introduced MiCA to oversee crypto regulation. The new regulations will place cryptocurrency firms, exchanges, and wallets operating in the UK under the FCA. According to Lucy Rigby, the minister for the City of London, the new rules will give crypto firms long-term clarity and consistency.
Bitcoin Bancorp To Deploy 200 Bitcoin ATMs Across Texas
Bitcoin Bancorp has announced plans to set up 200 licensed Bitcoin ATMs across Texas in 2026. The firm stated that the rollout will mark its entry into a strategically important market. Bitcoin Bancorp is one of three publicly traded Bitcoin ATM networks in the US. The company has also claimed it has several agreements to support faster revenue growth as it moves from planning to execution. Bitcoin Bancorp shares rose nearly 8% following the announcement, and are up almost 30% over the past five days. Texas currently has over 4,000 Bitcoin ATMs, the highest in any US state.
Texas has become popular with Bitcoin ATM operators thanks to its regulatory structure. The state’s laws treat cryptocurrencies as a form of money under the Texas Money Services Act, putting Bitcoin operators under a familiar licensing regime overseen by the Texas Department of Banking. Bitcoin operators must obtain a money transmitter license, meet a minimum net worth requirement of $500,000, post a surety bond of $150,000, and submit to regular examinations.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) slumped below $86,000 as markets retreated ahead of key economic data, with investors cutting exposure to risk assets. The S&P 500 fell for a second consecutive day, while indexes in Japan declined during early trading. The drop mirrored weakness across markets as the US Dollar fell to a two-month low while the yen strengthened ahead of an expected interest rate hike by the Bank of Japan. The crypto market also faced a wave of liquidations, with over $583 million, mostly long positions, liquidated over the past 24 hours.
The flagship cryptocurrency has struggled to regain momentum in recent sessions, dropping to a low of $89,257 on Thursday and dropping over 2% on Friday. Selling pressure persisted over the weekend as BTC lost the crucial $90,000 level and settled at $88,171 on Sunday. Volatility persisted on Monday as the price fell to $85,129 before settling at $86,417. BTC is marginally up during the ongoing session, trading around $86,730.
However, analysts remain optimistic despite the pullback, with Bitfinex expecting improved global liquidity conditions that should help BTC return to record highs. According to Bitfinex analysts, rising market liquidity, crypto adoption, and looser monetary policy could help the flagship cryptocurrency surpass its all-time high of $126,110 in 2026. The research platform also highlighted a changing market structure, adding that the halving impact has faded, with annual Bitcoin issuance lower than 1%. However, Lin Tran, senior market analyst at XS, believes BTC’s failure to stay above $90,000 after being rejected at $100,000 suggests markets remain cautious. Tran added that investors are cutting exposure to risk assets and prioritising capital preservation.
Markets enter a crucial week with key data releases lined up. The November Jobs Report is due later today, with analysts expecting a soft labor market. The report will also include an updated estimate for October payrolls, delayed by the government shutdown. The US Consumer Price Index is due on Thursday, along with business activity, retail sales, and inflation numbers.
BTC started the previous week in positive territory, rising 0.28% to $90,653. The flagship cryptocurrency reached an intraday high of $94,640 on Tuesday. However, it could not stay at this level and settled at $92,690, ultimately rising 2.25%. Despite the positive sentiment, BTC lost momentum on Wednesday, falling 0.71% to $92,035. Selling pressure intensified on Thursday as the price fell to a low of $89,257 before recovering to reclaim $90,000 and settle at $92,542.
Source: TradingView
Selling pressure persisted on Friday as BTC fell over 2% and settled at $90,278. Price action remained bearish over the weekend as BTC registered a marginal decline on Saturday before dropping 2.31% on Sunday and settling at $86,417. Selling pressure and volatility persisted on Monday as the price fell 1.99% to $86,417. The flagship cryptocurrency is marginally up during the ongoing session, trading around $86,970.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.