The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.
Bitcoin’s price stalls at the $94,000 resistance level while Ethereum surges nearly 4%, breaking out against Bitcoin and reaching its highest price in weeks.
The crypto market is back in the green, with Ethereum rallying ahead of its major Fusaka upgrade and Sui leading the top 100 gains after a significant price surge.
The crypto market is in full rally mode, with Bitcoin climbing 8% and numerous altcoins posting even larger gains, some exceeding 30%. The surge marks a strong reversal from recent sharp price declines.
After a sharp correction, the crypto market rebounds with bitcoin leading the recovery. Analysts remain optimistic, with some predicting new all-time highs by January.
The crypto market started December with heavy losses, with Bitcoin dropping over 7%. The downturn is largely attributed to rising interest rates in Japan, which is prompting the unwinding of the yen carry trade, leading to widespread sell-offs in risk assets.
Bitcoin plunged 7% overnight, wiping out last week’s gains, as news from Japan triggered massive liquidations. The market now awaits a key speech by Fed Chair Jerome Powell.
The crypto market is calm with Bitcoin holding steady around $91,400. While the market cap is slightly up, altcoins show more volatility, with Quant leading gains and KuCoin’s token seeing significant losses.