Crypto Today: Bitcoin Holds Near $89K, NFTs & Alts Climb, Wall Street Eyes Crypto Trading

1. Bitcoin Steady Around the $88,000–$89,000 Range

Bitcoin showed resilience, holding near $88,800 with modest upside as liquidity thinned during the holiday season. Traders noted long positions building as investors speculate on a potential “Santa Rally” into year-end. Moneycontrol

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2. NFT & Altcoin Sector Rotation Picks Up

Sector data shows a rotation into NFTs and specific altcoin segments, with NFT tokens climbing and smaller-cap assets outperforming majors. Audiera jumped over 56% — a standout gainer in today’s trading. Other categories like real-world assets (RWA) and DeFi also extended modest gains. ABP Live+1

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3. JPMorgan Exploring Crypto Trading for Institutional Clients

Bloomberg-sourced reporting suggests JPMorgan Chase is evaluating offering native crypto trading services — including spot and derivatives — to institutional clients. The initiative remains in early stages but would mark another significant step by a major Wall Street bank into digital assets. Reuters

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4. Market Cap Remains Above $3 Trillion

Crypto’s overall valuation stayed robust, with the market cap around $3.01 trillion, reflecting continued accumulation and investor interest even amid a quieter holiday trading environment. ABP Live

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Takeaway

Today’s price action paints a picture of cautious confidence. Bitcoin’s range-bound holding suggests traders aren’t panicking, while selective sector strength in NFTs and alts shows capital rotating into thematic niches. JPMorgan’s possible institutional trading services hint that crypto isn’t just a retail play anymore — it’s increasingly woven into TradFi strategies.

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Sources

• BTC price stabilizes near $88,800 amid thin liquidity — Pintu News / Moneycontrol coverage. ABP Live+1

• Sector rotation: NFT gains and altcoin strength — CryptoRank / CryptoNews live updates. Cryptonews

• JPMorgan weighing institutional crypto trading services — Reuters via Bloomberg. Reuters