Bitcoin crosses $90K mark amid investor optimism despite recent slide

Bitcoin (BTC-USD) was trading in green on Friday morning, briefly crossing the $90K threshold, as the broader markets opened higher.

The stock market inched higher as the key jobs report came largely as expected. December nonfarm payrolls growth came in roughly in line, while the unemployment rate dipped to 4.4%.

Bitcoin (BTC-USD) had been trading lower recently, with outflows from spot BTC exchange-traded funds swelling to the most since November.

However, the highest-profile crypto edged up by 0.64% on Friday morning after ARK Invest founder Cathie Wood pointed out that crypto remains strategic with U.S. President Trump approaching midterm elections.

Recently, Fundstrat Global Advisors co-founder Tom Lee had said that bitcoin (BTC-USD) could hit a fresh all-time high by the end of January 2026.

Other major tokens also showed improvement during Friday morning trading, with Ether (ETH-USD) +0.02%, Dogecoin (DOGE-USD) +1.24%, and Ripple USD (XRP-USD) +0.05%. 

Crypto-focused stocks showed mixed price movements, with Strategy (MSTR) -3.39% to $161.31, Coinbase Global (COIN) -0.93% to $243.30, MARA Holdings (MARA) +1.20% to $10.57, Bakkt (BKKT) +2.19% to $16.82, Gemini Space Station (GEMI) -2.07% to $10.86, and Bullish (BLSH) -0.10% to $39.26.