Bitcoin Stuck Below $90k While China Moves on Digital Yuan

Abu Dhabi, United Arab Emirates, Tuesday 29 December 2025 — Crypto markets remained subdued over the festive period, with total market capitalisation hovering around the $3 trillion mark, according to analysis from eToro.

Bitcoin, which currently accounts for nearly two-thirds of the total crypto market capitalisation, continues to trade within a narrow range between the $85,000 support level and $90,000 resistance, as markets await a catalyst to push prices higher.

Despite bitcoin reaching a new all-time high earlier in the year, the broader crypto market has faced challenges.

Looking ahead, Peters remains cautiously optimistic.

Biggest Movers

Zcash ($ZEC) has been one of the strongest performers over the past seven days, rising 17% as it continues to rebound from lows recorded on 2 December.

Currently trading at around $520, Zcash has emerged as one of the best-performing cryptoassets of the year, gaining approximately 820%, amid renewed investor interest in privacy-focused cryptocurrencies.

More details on market movers are available here:
https://www.etoro.com/discover/markets/cryptocurrencies/market-movers

Eye-Catching Stories

PBoC Announces New Framework for Digital Yuan CBDC

The People’s Bank of China (PBoC) announced on Monday that it will introduce a new framework for its digital yuan central bank digital currency (CBDC), the e-CNY, with the measures set to take effect on 1 January 2026.

The framework aims to standardise how the PBoC tracks digital yuan circulation, usage and system performance. Notably, it will allow commercial banks to pay interest on digital yuan balances, a move that could accelerate adoption and further integrate the e-CNY into China’s existing banking system.

The plan also outlines the establishment of an international operations centre in Shanghai to promote so-called “multilateral central bank digital currency bridges,” strengthening cross-border CBDC cooperation.

China’s central bank began researching digital currencies in 2014, with the e-CNY officially launching in 2022 following years of pilot programmes.

As of the end of November 2025, the digital yuan had processed 3.48 billion transactions, with a cumulative transaction value of RMB 16.7 trillion (approximately $2.37 trillion). According to the PBoC, 230 million personal wallets and 18.84 million corporate wallets have been opened via the digital yuan app.

Notes

This communication is a marketing communication and is intended for informational and educational purposes only. It does not constitute investment advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instruments. Cryptoassets are volatile and may not be suitable for all investors. Your capital is at risk.

This article was originally published as Bitcoin Stuck Below $90k While China Moves on Digital Yuan on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.