Bitcoin hovered just below the $91,000 level today, paring recent gains after an explosive start to the new year that briefly pushed prices toward fresh seven-day highs.
The bitcoin price was trading around $90,815, down about 1% over the past 24 hours, according to market data. Daily trading volume was close to $52 billion, while bitcoin’s total market capitalization fell to about $1.82 trillion, also down about 1% on the day.
The pullback leaves the bitcoin price about 3% below a recent seven-day high near $94,700, after prices rose more than 8% in the first days of 2026. That rally took the bitcoin price above $94,000 earlier this week, fueled by renewed ETF inflows, bullish options positioning and a resurgence of the geonarrative boom.
Bitcoin’s circulating supply now stands at 19.97 million BTC, which is closer to its fixed cap of 21 million coins.
The latest move marks a pause after bitcoin broke out of a multi-week consolidation range that capped prices through most of December. The $91,000 level, which previously served as resistance, has now become a key near-term support zone as traders reassess momentum.
Market participants say the pullback reflects profit-taking rather than a decisive shift in trend, especially after last week’s rapid upward move.
From a technical perspective, a sustained break below $91,000 could reveal deeper support near $87,000, while a pullback above $94,000 would reopen the path to resistance in the $98,000-$100,000 range.
Bitcoin price volatility looms ahead of January 9th
Beyond the near-term technicals, traders are increasingly focused on macro catalysts – notably a US Supreme Court ruling scheduled for January 9 on the legality of President Donald Trump’s global tariffs.
Prediction markets suggest a high likelihood that the court will cut the tariffs, a decision that could force the US Treasury Department to refund as much as $133-$140 billion to importers. Such an outcome could add volatility across stocks, bonds and crypto markets simultaneously.
Bitcoin, which has shown increased sensitivity to macro and political shocks, can see sharp price swings depending on how markets repeat fiscal risks and liquidity conditions.
Despite near-term uncertainty, broader bullish signals are in place. Bitcoin ETFs recently recorded their strongest daily inflows since October, while options markets continue to show heavy positioning for higher prices later in the year.
At the time of writing, the bitcoin price is $90,860.10.