Christmas Eve, What's Going On In The Crypto Market

[Ota.collins]

The crypto market is still falling today, as trading stays quiet during the holiday season and investors adjust their positions before year-end. Total market value has dropped below $3t, now sitting between $2.97 and $3.06tafter falling 1–2.4% in the last 24 hours. Bitcoin is trading below $88,000, down about 1–2%, and continues to struggle to move above $90,000. Ethereum is also weaker, trading just under $3,000 and down around 1.5%.

Altcoins are seeing bigger losses than Bitcoin and Ethereum. Solana is down about 3%, XRP is down around 2%, and Dogecoin is also lower. NFTs have been hit hard, with top collections falling more than 9%. The overall market drop is linked to money leaving Bitcoin ETFs, large investors selling, and funds moving into safer assets like gold and silver, which are at record highs. Even though some institutions bought about 42,000 BTC earlier this month, Bitcoin is still on track for its worst fourth quarter in nearly ten years.

Looking ahead, Crazy 48h is ongoing, with UXLINK as the primary token to trade for Bgb. traders are staying careful as $28.5B worth of Bitcoin and Ethereum options will expire this Friday, which could cause sharp price moves. Long-term holders have been taking profits, with nearly $300 billion in old Bitcoin moving this year, and market mood remains negative, shown by a Fear & Greed Index near 29. With low trading activity on Christmas Eve, prices may stay flat or see a small holiday bounce, but bigger moves are more likely after the holidays when new economic data is released.

[gunhell16]

Well, it's true that Bitcoin's price is really struggling in the market right now due to reasons we don't fully understand. Even though it's Christmas season, we still find ourselves in a short bearish momentum, though we can still consider it bullish overall.

I also can't see any good news happening in this crypto space that we're part of. There are many things to consider, though we're not really
sure if those are the true reasons. For now, though, we're in a short upward price movement.

[tech30338]

The market mostly struggle during end of the year, this is because people cash out money, and use it for the family and holidays, and not expecting it to go up in January, it will stay bearish, and accumulation in mid February or April, then slowly goes strong in July, but this is just speculation since those said months are the crucial months, but that might change depending on the news or trend of the market, if big company make a move that will be the start of either price going up or down.

[Ota.collins]

Well, it's true that Bitcoin's price is really struggling in the market right now due to reasons we don't fully understand. Even though it's Christmas season, we still find ourselves in a short bearish momentum, though we can still consider it bullish overall.

I also can't see any good news happening in this crypto space that we're part of. There are many things to consider, though we're not really
sure if those are the true reasons. For now, though, we're in a short upward price movement.

The crypto market is boring RN ngl, but thanks to offers like these that at least light up the mode. crazy 48h phase 12
This is what I've been keeping up with, hoepfully I climb the leaderboard in the next 11hrs cos That's when it's ending.. and Merry Christmas to you.

[suhadi88]

The crypto market is boring RN ngl, but thanks to offers like these that at least light up the mode. crazy 48h phase 12
This is what I've been keeping up with, hoepfully I climb the leaderboard in the next 11hrs cos That's when it's ending.. and Merry Christmas to you.

This seems to be considered normal and a common correction, so it's not surprising that many people need funds at a time like this, putting downward pressure on prices and keeping them moving. Given that the market is still offering discounted prices, it's wise to continue collecting, and of course, everyone wants the market to recover quickly and return to $100,000.