By Alex Kozul-Wright
Having fallen to around $86,000 over the weekend, the price of Bitcoin stayed subdued early Monday.
As gold surged past $5,000, Bitcoin failed to enjoy a significant boost as the world's largest cryptocurrency remained under pressure to start the week.
Bitcoin was trading at $87,662.6 Monday, down by 0.8% over the past 24 hours, according to CoinDesk data. At the same time, crypto-related stocks Robinhood and Coinbase fell 1.5% and 2.3% in premarket trading.
Ethereum, meanwhile, was down 1.5% to $2,898 and XRP slipped 1.1% to $1.89.
Geopolitical events -- from the removal of Venezuela's former leader Nicolas Maduro to ongoing tensions between the Trump administration and NATO -- have failed to support the price of Bitcoin, which is up just 0.3% in 2026.
More recently, political risks in the U.S. have amplified risk-off sentiment for the digital currency.
Senate Democrat leader Chuck Schumer said Saturday that his party would block a federal spending bill if changes to domestic policing standards are not included.
Schumer's threat, which follows the fatal shooting of a U.S. citizen by a federal agent in Minneapolis on Saturday, could trigger a partial government shutdown if it is not addressed by the Jan. 31 deadline.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
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(END) Dow Jones Newswires
January 26, 2026 06:00 ET (11:00 GMT)
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