Bitcoin hovered near $86,000 on Wednesday as Wall Street remained cautious about a rebound at year-end. Speculation over the next Fed Chair and AI-related stocks are also affecting prices. Seasonal pressures, like tax-loss harvesting, are adding to the headwinds. Long-term holders may still be selling, with 60% of token supply held by wallets with over $85 million in Bitcoin. ETFs and digital asset treasury companies own 13% of the supply, leaving the majority to influential “HODLers.” Bitcoin is down 6% YTD, decoupling from the S&P 500 for the first time since 2014.

Read more at Yahoo Finance: Bitcoin hovers at $86,000 as token faces ‘lackluster’ end of 2025