Bitcoin Reaches $90,000 Amid Geopolitical Tensions and Oil Price Surge

By: crypto insight|2025/12/29 15:00:24

Key Takeaways

Bitcoin recently surged past $90,000, driven by heightened geopolitical tensions and rising oil prices.
The cryptocurrency experienced a 2% increase, boosting overall market sentiment.
Mainstream cryptocurrencies, such as Ethereum, XRP, and Solana, followed Bitcoin’s trend, with gains exceeding 3%.
Escalating conflicts in Eastern Europe have elevated safe-haven demand and inflation expectations.
The ongoing crisis continues to affect global markets, highlighting Bitcoin’s growing significance as a hedge against macroeconomic uncertainties.

WEEX Crypto News, 29 December 2025

Bitcoin’s recent journey to surpass the $90,000 mark has been closely linked to the rising geopolitical tensions and increased oil prices, both of which have spurred investor activity in the cryptocurrency market. Following a modest increase of over 2%, Bitcoin firmly crossed the $90,000 threshold, invigorating market participants and setting a significant milestone in the crypto realm.

The Role of Geopolitical Tensions

The latest surge in Bitcoin’s price is significantly tied to the escalating conflict between Russia and Ukraine. With prospects of peace diminishing due to renewed military actions and strategic infrastructure damage, the market has responded by shifting to assets seen as safe havens. Bitcoin, renowned for its limited supply and decentralization, has become increasingly attractive to investors seeking refuge from traditional market uncertainties.

As the conflict intensifies, the global energy supply chain experiences further disruptions, adding pressure to oil prices, which have been on an upward trend. With West Texas Intermediate crude climbing above $57 per barrel and Brent crude nearing $60, the situation underscores potential inflationary pressures. The intertwining of Bitcoin’s rally with these geopolitical and economic factors showcases its evolving role in global finance.

Cryptocurrency Market Response

Bitcoin’s breakthrough has had a ripple effect across the broader cryptocurrency market, with altcoins like Ethereum, XRP, and Solana rallying alongside it, each recording gains of more than 3%. This collective rise has led to a resurgence in the total market capitalization of cryptocurrencies, demonstrating a renewed, albeit cautious, optimism among investors.

The momentum within the crypto sector highlights shifting risk appetites as investors re-evaluate the safety and stability of traditional assets under current geopolitical pressures. The strong performance of mainstream cryptocurrencies paints a picture of sustained interest even in the face of potential market corrections.

Traditional Markets in the Wake of Conflict

Outside the crypto sphere, traditional financial markets are experiencing turbulence characterized by a cautious waiting period amid year-end holidays. Asian stock markets displayed a restrained uptick, with notable movements driven by specific sectors like Korea’s semiconductor industry, signifying selective confidence in certain growth areas.

Meanwhile, the geopolitical uncertainties and energy market volatilities have led to a reevaluation of long-term economic impacts. The interdependency of global markets on stable energy supplies further complicates predictions of sustained economic growth. Despite positive signals from some world leaders about diplomatic resolutions, the persistent geopolitical skirmishes remain a source of investor apprehension.

Bitcoin’s Role as a Macroeconomic Hedge

In the current volatile macroeconomic environment, Bitcoin is increasingly seen as a strategic asset for countering inflation risks and broader economic uncertainties. With the continuous rise in oil prices and geopolitical instability, the appeal of Bitcoin as a hedge has been further strengthened. Its price movements are progressively intertwined with these global macroeconomic variables, providing investors with a diversified strategy to protect against potential downturns.

The crucial test for Bitcoin in the near future will be its ability to maintain the psychological $90,000 level. This threshold may serve as a barometer for market participants assessing the potential for further bullish trends or the possibility of encountering resistance. As investor strategies evolve, Bitcoin’s interaction with macroeconomic events continues to capture significant attention.

FAQ

What factors contributed to Bitcoin surpassing $90,000?

The surge past $90,000 was largely driven by geopolitical tensions between Russia and Ukraine, coupled with the rise in oil prices. These factors increased the demand for Bitcoin as a hedge against economic uncertainty.

How did other cryptocurrencies perform in light of Bitcoin’s rise?

Alongside Bitcoin, other significant cryptocurrencies such as Ethereum, XRP, and Solana experienced gains, with each rising over 3%, demonstrating the broader market’s positive response.

What impacts did the geopolitical tensions have on traditional markets?

Geopolitical tensions have led to a cautious global market environment, with volatility in energy prices affecting investor sentiment. Asian markets, however, have shown selective growth particularly in sectors like semiconductors.

Why is Bitcoin considered a hedge in the current economic climate?

Bitcoin is viewed as a hedge due to its decentralized nature and limited supply, making it less susceptible to inflation and currency devaluation compared to traditional assets.

What is the significance of Bitcoin maintaining the $90,000 level?

Maintaining above $90,000 is crucial as it serves as a psychological level that signifies investor confidence and may predict future upward trends in the cryptocurrency market.

Bitcoin’s latest price movements underscore its vital status as a macroeconomic instrument, revealing how digital currencies can provide strategic investment alternatives during times of global uncertainty and economic change. As the crypto market evolves, platforms like WEEX continue to offer opportunities for traders looking to capitalize on these dynamic market conditions. Explore these opportunities by signing up at WEEX: [WEEX Registration](https://www.weex.com/register?vipCode=vrmi).

-- Price

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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