The crypto market is up for a second straight day. Total market capitalization stands around $2.98 trillion, while trading volume remains low, signaling caution and activity driven mainly by technical adjustments.
Bitcoin is holding near $88,600, capped below $90,000, with support in the $86,000–$87,000 range and downside risk toward $84,000 and $82,000.
Ethereum is trading near $2,970 and needs to hold above $3,000 to attempt a move toward $3,150–$3,300.
The crypto market extends its gains for a second consecutive session, but does so calmly and with clear signs of caution. Total market capitalization rose by roughly 1.1% to $2.98 trillion, while daily trading volume remains subdued at $85.1 billion. This year-end period shows reduced participation, with prices moving more on technical adjustments than on fresh capital inflows.
Bitcoin is trading near $88,600 and is holding the $88,000 level after several failed attempts to break higher. BTC remains stuck below the $90,000 zone, an area that concentrates supply and caps any acceleration attempt. The current structure reflects a tight range, with immediate support between $86,000 and $87,000. A sustained move above $89,000 would open the door for a test of $90,500, while a loss of support would expose the price to a drop toward $84,000 and then the $82,000 area.
Ethereum is showing a somewhat firmer short-term recovery and is trading near $2,970. Even so, the price has been unable to hold above $3,000, a key near-term level. A clean break above that zone would clear the path toward $3,150 and $3,300. If selling pressure regains control, the market would likely revisit $2,850, with a deeper pullback toward the $2,700–$2,750 range.
The Market Could Enter a New Bullish Phase
The rest of the market has followed the trend with moderate gains. Nine of the top ten cryptocurrencies posted gains over the past 24 hours, some barely unchanged and others rising by as much as 1.7%. The biggest surprises are coming from smaller-cap tokens, which have posted sharp, isolated rallies that do not alter the broader picture.
In derivatives analysis, 10x Research highlights an unusual combination of compressed volatility, technical exhaustion, and options positioning that has historically preceded more durable moves. Capital stayed on the sidelines after the October correction and the ETF outflows that followed the FOMC meeting. If the current breakout attempt holds, the market could enter a multi-week bullish phase.
Market sentiment remains fragile. The Fear and Greed Index sits at 27, well below neutral territory. Recent outflows from spot Bitcoin and Ethereum ETFs reinforce the lack of conviction and the absence of sustained institutional capital inflows
Crypto Market: Ethereum Eyes $3K Breakout While Bitcoin Tests Key Resistance Levels - Crypto Economy
TL;DR
The crypto market extends its gains for a second consecutive session, but does so calmly and with clear signs of caution. Total market capitalization rose by roughly 1.1% to $2.98 trillion, while daily trading volume remains subdued at $85.1 billion. This year-end period shows reduced participation, with prices moving more on technical adjustments than on fresh capital inflows.
Bitcoin is trading near $88,600 and is holding the $88,000 level after several failed attempts to break higher. BTC remains stuck below the $90,000 zone, an area that concentrates supply and caps any acceleration attempt. The current structure reflects a tight range, with immediate support between $86,000 and $87,000. A sustained move above $89,000 would open the door for a test of $90,500, while a loss of support would expose the price to a drop toward $84,000 and then the $82,000 area.
Ethereum is showing a somewhat firmer short-term recovery and is trading near $2,970. Even so, the price has been unable to hold above $3,000, a key near-term level. A clean break above that zone would clear the path toward $3,150 and $3,300. If selling pressure regains control, the market would likely revisit $2,850, with a deeper pullback toward the $2,700–$2,750 range.
The Market Could Enter a New Bullish Phase
The rest of the market has followed the trend with moderate gains. Nine of the top ten cryptocurrencies posted gains over the past 24 hours, some barely unchanged and others rising by as much as 1.7%. The biggest surprises are coming from smaller-cap tokens, which have posted sharp, isolated rallies that do not alter the broader picture.
In derivatives analysis, 10x Research highlights an unusual combination of compressed volatility, technical exhaustion, and options positioning that has historically preceded more durable moves. Capital stayed on the sidelines after the October correction and the ETF outflows that followed the FOMC meeting. If the current breakout attempt holds, the market could enter a multi-week bullish phase.
Market sentiment remains fragile. The Fear and Greed Index sits at 27, well below neutral territory. Recent outflows from spot Bitcoin and Ethereum ETFs reinforce the lack of conviction and the absence of sustained institutional capital inflows