BTC, ETH, SOL, XRP and DOGE trade higher as precious metals rally keeps macro focus

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email BTC, ETH, SOL, XRP and DOGE trade higher as precious metals rally keeps macro focus Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals. By Siamak Masnavi , AI Boost Dec 28, 2025, 11:41 a.m. A trader works on a laptop while monitoring cryptocurrency markets. (Kanchanara / Unsplash modified by CoinDesk) What to know : XRP, dogecoin and solana outperformed bitcoin and ether over the past 24 hours in thin weekend trading. Analysts said bitcoin remains range-bound between roughly $86,500 and $90,000. Glassnode flagged spot price sitting near one on-chain mean while remaining well below short-term holders’ cost basis. Bitcoin BTC $ 87,780.84 traded in a tight range on Sunday, as several major altcoins posted stronger gains, despite the broader macro backdrop remaining dominated by a historic rally in precious metals. As of 10:35 a.m. UTC, total crypto market capitalization stood at $3.06 trillion, up 0.8% over the past 24 hours. bitcoin rose 0.5% to $87,872, and ether ETH $ 2,938.95 gained 0.5% to $2,939. Among major altcoins, XRP climbed 1.1%, solana SOL $ 124.39 advanced 1.3% and DOGE $ 0.1237 rose 1.3%, all outperforming bitcoin and ether over the same period. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Bitcoin remains range-bound near $88,000 The 24-hour BTC-USD price chart from Bitstamp showed bitcoin trading within a narrow band. After sliding earlier in the session, price found support in the mid-$87,500s before rebounding toward the upper end of the range near $87,900. Each attempt to push higher was met with selling, while pullbacks were relatively shallow, a pattern consistent with consolidation in thin weekend liquidity. Crypto analyst Michaël van de Poppe said on X that bitcoin remains stuck between roughly $86,500 and $90,000. He said another test of the lower end of that range would be important because repeated retests can weaken support over time. If buyers fail to defend that area, he said he would next look toward $83,000 and then $80,000 as potential downside zones. On the upside, van de Poppe said a move back toward $90,000 would be constructive if it also places bitcoin above its 20-day moving average, a commonly watched short-term trend indicator. Regaining that level, he said, could set the stage for a stronger move toward $105,000. Glassnode’s on-chain levels frame where pressure may emerge Glassnode posted an update showing that several widely followed on-chain price models have shifted slightly, with spot trading around $87,800. The analytics firm listed short-term holder (STH) cost basis at $99,900, active investors' mean at $87,700, true market mean at $81,100 and realized price at $56,200. In on-chain analysis, the short-term holder cost basis is commonly used as a reference for where newer buyers entered the market on average. With spot trading well below that level, many recent participants are underwater, a condition that traders often watch because rallies toward that zone can run into selling from holders looking to exit near breakeven. The active investors mean sits almost exactly at current spot levels. In practical terms, that suggests bitcoin is trading near a midpoint associated with coins that have been moving more recently on-chain, a setup that often coincides with sideways price action as small moves quickly flip that group between modest profit and loss. Below current prices, the true market mean, near $81,100, is frequently treated as a deeper valuation reference rather than a forecast, while the realized price, near $56,200, represents the aggregate on-chain cost basis of the entire supply and is generally viewed as a long-term benchmark. Precious metals rally keeps macro focus sharp Outside of crypto, precious metals remained in the spotlight as investors continued to gravitate toward traditional inflation hedges amid concerns about long-term purchasing power. The Kobeissi Letter pointed out on Friday that silver is up roughly 155% year to date, briefly becoming the world’s third-largest asset by market capitalization, while gold is up about 72% this year. The firm compared the move to 1979, when inflation was running at double-digit levels. Fred Krueger, author of "The Big Bitcoin Book," who said he is “not much of a chartist,” said on X that he noticed a key line on a bitcoin/silver chart and suggested it raises the question of whether bitcoin could rise 50% while silver falls 50% in the very short term. In a follow-up post about 15 minutes later, Krueger argued that silver lacks bitcoin’s network effects, saying the more silver spikes, the faster it could fall as the narrative fades. He also said supply could respond in less than a month, starting with scrap metal, and suggested some investors may ultimately ask why they did not simply buy bitcoin instead. Bitcoin News Crypto News Altcoins precious metals AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns. This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026. View Full Report More For You Coinbase says three areas will dominate the crypto market in 2026 By Siamak Masnavi , AI Boost | Edited by Sam Reynolds 3 hours ago Coinbase Institutional says shifting market structure, not hype cycles, will shape crypto trading and adoption in 2026 as activity concentrates in a few key areas. What to know : Coinbase Institutional argues that the crypto market’s behavior is being reshaped by structural forces rather than traditional boom-and-bust cycles. The firm highlights several fast-growing areas where activity is accelerating despite tighter financial conditions. Coinbase believes these shifts could define how crypto markets function in 2026 and beyond. Read full story Latest Crypto News Coinbase says three areas will dominate the crypto market in 2026 3 hours ago Price-action of dog memecoins dogecoin, shiba inu muted amid thin holiday liquidity 20 hours ago Bitcoin’s rebound fades as XRP slips to $1.86 even with ETF assets at $1.25B 20 hours ago State of Crypto: Year in review 20 hours ago Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas Dec 26, 2025 Bitcoin mining in 2025: IREN claims the crown as Bitdeer's stock trails the pack Dec 26, 2025 Top Stories Bitcoin sinks below $87,000 as crypto assets slide, metals soar post-Xmas Dec 26, 2025 Coinbase named a top three 2026 fintech pick at Clear Street Dec 26, 2025 Trust Wallet users lose $7 million to hacked Chrome extension Dec 26, 2025 Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support Dec 25, 2025 Uniswap's token burn, protocol fee proposal backed overwhelmingly by voters Dec 26, 2025 Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move Dec 25, 2025 In this article BTC BTC $ 87,788.56 ◢ 0.38 % ETH ETH $ 2,939.08 ◢ 0.30 % SOL SOL $ 124.39 ◢ 1.15 %