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Bitcoin increased in London trading to over $90,000, suggesting a possible breakout after missing out on a Santa rally that sent stocks to all-time highs. According to data gathered by Bloomberg, the original cryptocurrency increased as much as 3.1 percent to over $90,200 on Monday.

Other cryptocurrencies surged as well; Ether surpassed $3,000 by up to 4%. In the run-up to Christmas, the S&P 500 reached a record close while Bitcoin remained mostly unchanged. Monday’s increase “appears somewhat driven by short-term retail traders taking on growing positions in futures.”

The entire cryptocurrency market has yet to recover from a weeks-long selloff that started in October with the liquidation of roughly $19 billion worth of leveraged positions. a cryptocurrency treasury company.

One important indicator of cryptocurrency sentiment, the Bitcoin funding rate, is at its highest point since October. 18, indicating rising demand for b, according to CryptoQuant data. The token hit a record of $126,251 on October 6.

Bitcoin is down roughly 4% in 2025 despite growing institutional adoption and several policy victories under pro-crypto US President Donald Trump. Open interest in futures positions for Bitcoin has also recovered from recent lows, but is well below recent peaks that coincided with Bitcoin’s recent highs in October.