Bitcoin has fallen below the $90,000 mark, trading near $87,000, as investor risk appetite fades ahead of key macroeconomic data releases from the US government. The decline follows a brief period above the $90K resistance level last week. Analysts point to persistent liquidity issues and institutional hesitation due to an unclear economic outlook for 2026 as contributing factors.
The upcoming weeks are seen as pivotal, with investors closely watching a series of US economic indicators including the unemployment rate, weekly jobless claims, November inflation data, and December flash PMI readings. These will provide insight into future interest rate movements. Additionally, the Bank of Japan's expected interest rate decision this week could further impact liquidity for risk assets like Bitcoin by affecting yen-funded carry trades.
Technical analysis adds to the bearish sentiment. Prominent analyst Ali Martinez notes that Bitcoin's next significant support level is at $86,000. A failure to consolidate above this level could trigger a deeper pullback, with the next major support seen at $70,000. All major moving averages, from the 10-day SMA to the 30-day EMA, are currently at or above the $90K level, highlighting the current downward pressure.
Amid this market uncertainty, investors are shifting focus towards assets perceived as safer havens. Digitap ($TAP), a cryptocurrency presale project, has emerged as a notable beneficiary of this trend. The project, which bills itself as the "world's first omnibank," focuses on real-world utility, offering a multi-rail architecture for crypto and fiat banking, a Visa card for global transactions, and a privacy-first onboarding process.
The $TAP presale has raised over $2.5 million and advanced to its third phase, providing early buyers with a 196% return so far. The token's price has increased multiple times since the October market crash. Digitap employs a deflationary model, with a limited supply of 2 billion tokens and a mechanism where 50% of all profits are used to burn $TAP and reward stakers, aiming to create scarcity.
Further fueling interest is Digitap's "12 Days of Christmas Holiday Drop" event, offering users surprise bonuses, including free Pro accounts and $TAP crypto bonuses, every 12 hours. The current presale price is $0.0371, with an expected launch price of $0.14, representing a potential 277-280% return for early participants.
