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Crypto Radar: Market Catches Its Breath – But Analysts Are Divided

Foto: Golden House Images / Shutterstock.com

Today’s crypto market presents a mixed picture, with slight increases in most major coins but ongoing uncertainty surrounding bitcoin. While the total market capitalization has climbed above $3 trillion and bitcoin shows brief signs of recovery, analysts remain divided on the future price trajectory.

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Market Outlook: Analysts Divided on Bitcoin
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The market grew by 0.4% today, bringing the total market capitalization to $3 trillion (€2.6 trillion). The largest cryptocurrency, bitcoin, also closed the day in the green, up 0.4%, pushing its price back to around $87,000.

However, the price showed considerable volatility today (within limited margins), as the chart below clearly illustrates. The price rallied towards the $88,000 resistance level multiple times over the past 24 hours but was repeatedly rejected.

Koers van bitcoin (24h). Bron: CoinGecko.

The bitcoin price has been in a downward spiral since early October. After hitting a new all-time high of $126,000 on October 6, the price has only continued to fall. While not unusual after a new price record, the correction is becoming increasingly aggressive. Since the peak, bitcoin is down 30%. Compared to exactly one year ago, bitcoin is also worse off: the coin was trading at $92,000 then, meaning the current price is 5.5% lower.

Analysts disagree on what the bitcoin price will do next. On one hand, prominent figures like Arthur Hayes suggest the recent drop was likely the bottom and that the price could rise again later, as has happened in previous years.

On X, MerlijnTrader wrote something similar: according to him, the general public often panics during a drop, but this is usually followed by a recovery.

On the other hand, there are also negative voices. The analyst below wrote on X that the price has dropped multiple times and that each recovery is getting weaker. In his view, buyers are exhausted, and the chances of bitcoin quickly reaching a new record are slim.

The Rest of the Top 10: Green Numbers
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Most of the top 10 coins are showing positive results today. Ethereum is up 1.1% to $2,930, cautiously approaching the important psychological $3,000 level.

BNB and Solana are also performing well, with gains of 2.4% and 1.7%, respectively. BNB is now trading at $865, and Solana at $136.

The only outlier today is XRP. It is the only coin in the top 10 that is in the red, down 0.7%. A previous analysis revealed that there is currently significant selling pressure on XRP.

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Today’s Top Gainers in the Top 100
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The market is in the green during a period of predominantly downward trends. Today, the following cryptocurrencies posted gains, including the well-known Hyperliquid.

Name Gain (24h) Price
Monero 6.2% $399
Hyperliquid 4.7% $33.99
Pi Network 4.6% $0.2506
World Liberty Financial 2.9% $0.1608
Toncoin 2.8% $1.55

Today’s Top Losers in the Top 100
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There were also losers today. These coins saw the biggest declines:

Name Loss (24h) Price
Aster 5.8% $1.09
Rain 5.5% $0.0074
Canton 3.8% $0.8505
Quant 3.7% $83.79
Figure Heloc 2.9% $1.01