In the past 24 hours, Bitcoin gained 0.77% whereas Ethereum jumped nearly 2% over the same period. Among the major altcoins, XRP was down 0.25%, BNB rose over a percent, and Cardano fell half a percent. Solana, Dogecoin, and Hyperliquid also gained up to 3% in the last 24 hours. The global crypto market capitalisation edged higher by 0.75% to 3 trillion, according to CoinMarketCap.
“The crypto market is showing mild bullish sentiment heading into the year-end. Bitcoin is consolidating near $88,000 after repeated rejections from the $89,000–$90,000 resistance zone, signalling caution among traders. A sustained move above $90,000 could open the path toward $92,000, while $87,000 remains strong near-term support,” Riya Sehgal, Research Analyst at Delta Exchange, said.She said Ethereum continues to outperform, holding above $3,000 and testing its 200 EMA near $3,100, a key breakout level that could trigger upside toward $3,150–$3,200.Macro sentiment remains steady as Asian equities and gold both rise on rate-cut optimism, though Fed officials continue to signal patience. Institutional activity is also accelerating. Hilbert Group’s $25 million acquisition of Enigma Nordic highlights the growing appetite for quant-driven crypto exposure.
“Liquidity is thinning into the holidays, and derivatives data suggest quiet de-risking by traders. A clean breakout above key resistance levels in BTC and ETH will be crucial to confirm renewed bullish momentum into early 2026,” Sehgal added.
Akshat Siddhant, Lead Quant Analyst at Mudrex, says that Ethereum’s ability to hold above the $3,000 level further reflects underlying bullish sentiment across the market. With key U.S. macro data, including GDP and jobless claims, due this week, supportive readings could help BTC establish strength above $90,000, while $85,000 continues to act as a solid support base.“Bitcoin price is slowly coiling up, withstanding significant bullish and bearish pressure throughout the weekend. With this, the markets have remained largely stable, with the top 10 cryptos rising above their respective local resistance. The current trade dynamics hint towards a sustained upswing, while the fear of a huge clash continues to hover over the markets,” CoinDCX said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
