In the past 24 hours, Bitcoin gained 1.86%, while Ethereum rose 2.60%. Among major altcoins, XRP, BNB, Solana, Cardano, Dogecoin, and Tron advanced over 2%, whereas Hyperliquid slipped 2.91% during the same period.
The global crypto market capitalisation edged up 1.23% to $3.1 trillion, according to CoinMarketCap.Also Read | NFO Insight: Can Abakkus Flexi Cap Fund’s MEETS framework safeguard portfolios in volatile market?
CoinDCX Research Team said Bitcoin had one of its bullish weekends, with prices stabilising above $91,000 after rebounding from lows below $88,000. Besides, Ethereum remained stable above $3000, highlighting the strength among the altcoins, and the overall market sentiment has slightly risen from extreme fear to fear.
According to data by CoinMarketCap, in the past week, Bitcoin and Ethereum went up by 6.21% and 10.93% respectively. Among the major altcoins, BNB, XRP, Tron, Solana, Cardano, and Dogecoin went up by over 10% whereas Hyperliquid went down by 2.30% in the same period.
According to Akshat Siddhant, Lead Quant Analyst at Mudrex, the crypto market is gaining bullish momentum as Bitcoin trades above the $90,000 mark, recovering the weekend losses, and more than $300 million in liquidations helped reset leverage, creating a healthier setup for further upside.
“Meanwhile, Ethereum’s exchange reserves have dropped to a 10-year low, signalling a potential supply squeeze ahead. If the Fed proceeds with a rate cut this week, a “Santa rally” becomes increasingly likely, pushing BTC toward the $100,000 mark. On the downside, $87,500 remains a key support zone, keeping the broader outlook constructive,” Siddhant added.
Market perspective
CoinSwitch Markets Desk
BTC traded in a $88K–$90K consolidation range, with repeated dips consistently bought up. Momentum remained soft, but a sharp rebound briefly pushed BTC above $91K, likely driven by dip-buying, where it continues to stabilise. Historically, Bitcoin often softens ahead of FOMC announcements and turns volatile as traders react to Fed guidance. A clean break above $91K–$92K could strengthen momentum, while dips toward $88K may still attract buyers unless macro volatility increases.
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Nischal Shetty, Founder, WazirX
Bitcoin extended its recent weakness, showing the asset struggling to reclaim momentum after November’s drawdown. BTC continues to behave like a macro-sensitive risk asset, reacting sharply to shifting rate expectations. Yet the broader narrative around decentralised, rule-based monetary systems is strengthening as traditional policy remains indecisive and inflation risks linger
Vikram Subburaj, CEO, Giottus.com
Bitcoin continues to trade slightly above $91,000, with price action increasingly shaped by nerves rather than conviction. Altcoins remain sensitive to this push-pull dynamic. Ethereum continues to outperform marginally, supported by network upgrades and steady spot demand even as funding remains subdued.
