What's Happening in Crypto on Christmas Eve

The crypto market keeps sliding today, pretty quiet with trading since it’s the holiday season and folks are shifting their positions as the year wraps up. The total market cap has dipped below $3 trillion, hovering between $2.97 and $3.06 trillion after a 1 to 2.4% drop in the past day. Bitcoin is under $88,000, dropping about 1 to 2%, struggling to break that $90,000 mark. Ethereum isn’t holding up either, trading just under $3,000, down around 1.5%. Altcoins are facing even steeper declines compared to Bitcoin and Ethereum. Solana is down about 3%, XRP fell around 2%, and Dogecoin isn't doing much better. The NFT market is getting hit hard, with major collections dropping more than 9%. This overall decline in the market seems tied to money flowing out of Bitcoin ETFs, big investors offloading assets, and funds shifting toward safer bets like gold and silver, which are hitting record highs. Even though some institutions grabbed about 42,000 BTC earlier this month, Bitcoin is on track for its worst Q4 in nearly a decade. Looking ahead, the Crazy 48h event is happening, with UXLINK being the main token for Bgb traders. Everyone’s being cautious since $28.5 billion in Bitcoin and Ethereum options are set to expire this Friday, which could lead to some wild price swings. Long-term holders have been cashing out, with almost $300 billion in old Bitcoin changing hands this year, and the market sentiment remains gloomy, reflected in the Fear & Greed Index sitting around 29. With trading activity being low on Christmas Eve, prices might stay steady or see a little holiday bounce, but expect bigger shifts once the holidays are over and new economic data comes out.

Well, it's true that Bitcoin's price is really struggling in the market right now due to reasons we don't fully understand. Even though it's Christmas season, we still find ourselves in a short bearish momentum, though we can still consider it bullish overall. I also can't see any good news happening in this crypto space that we're part of. There are many things to consider, though we're not really sure if those are the true reasons. For now, though, we're in a short upward price movement.

The market mostly struggle during end of the year, this is because people cash out money, and use it for the family and holidays, and not expecting it to go up in January, it will stay bearish, and accumulation in mid February or April, then slowly goes strong in July, but this is just speculation since those said months are the crucial months, but that might change depending on the news or trend of the market, if big company make a move that will be the start of either price going up or down.

The crypto market is boring RN ngl, but thanks to offers like these that at least light up the mode. crazy 48h phase 12 This is what I've been keeping up with, hoepfully I climb the leaderboard in the next 11hrs cos That's when it's ending.. and Merry Christmas to you.

This seems to be considered normal and a common correction, so it's not surprising that many people need funds at a time like this, putting downward pressure on prices and keeping them moving. Given that the market is still offering discounted prices, it's wise to continue collecting, and of course, everyone wants the market to recover quickly and return to $100,000.

Is a complete waste of time looking out for a quick recovery at any point in the crypto market because it wouldn't just happen at when you wanted it, the market moves at it own pace and you can't push it yourself things must take it time to happen accordingly, it is ok to see the market recover in anticipation there is no time that people don't need money and in best practice money that will needed in a short time should not be put in crypto investment because it is never right to see it as a quick money making scheme.

While everyone was expecting a decline, saying we've reached the end, they started pushing the market upwards again. The market has been quiet for a long time and is struggling to determine a direction. This may be due to the intensity and constant change of the news on the agenda. Things are no longer as they used to be, and insider news is circulating a lot. That's why people are finding it difficult to trust and are afraid to invest. They are making people money nicely with insider news, and one day they may even create a few millionaires in the market. At the moment, the rise looks set to continue.

It's the signal Bitcoin is heading into a bearish season, as expected after a massive bullish run like the one we had between 2024 and 2025. It's a natural and healthy movement of the market, which has been happening since the beginning of crypto market. Some still see this as worrying times, but others already learned to see this as an opportunity to start investing in Bitcoin again and preparing themselves for the next bull season. What matters so far is that Bitcoin has delivered us a tendency of prosperity and growth on long run, if we take its history into consideration. Despite the corrections in price, it's still getting much more valuable each new cycle. If things continue working that way, we don't have to worry, as once the new halving comes, Bitcoin will recover once again and we must see new a new ATH. That is what I expect. Meanwhile, traditional fiat economies are going down and people are losing purchasing power without limits.

You spit some reality that they can't take. People thinking of quick recovery are likely to lose more because they'll look for some trades that might recover them money. But instead of recovering, they're going to lose some money instead and that's why if someone hasn't recover yet, cut lose and move to the next asset you're looking at.

For you only maybe, but for me and some other else, we know what may be a reason for its decline. If I can give a lead, one of it would be is the Christmas or Holiday's seasons because people might be selling their coins in order to have money to buy a gift, food, and do other things. There are still some that can have more or they receive a bonus from their bosses and that they are now able to add more Bitcoins on their stash. I am not sure on why you can say that we are still bullish overall? Is it due to the fact that we are still higher on our previous year's price E.g. higher than $30k? But the adoption is growing and we need to keep moving forward too. So if we stick on the current situation, I think we are bearish. Our lowest last time was $80k but now we are on $90k, yet we are still $30k away from our last time's ATH.

If it's just natural and healthy movement it should be called correction. bearish season is when market just keep recording lower low and need sometime before recovery phase. By any means current bitcoin isn't in bearish season at all. Just see the recent price, it has surged to 90k again. Calling it bearish season is too hyperbolic.

Some of them still hoping this new year will gives another increases for both Bitcoin and altcoins. That is normal because they wants to make more profits but they must see the reality. After the last increases for Bitcoin and altcoin, they should aware that the bearish season or resetting the coins position will comes. They should prepares for anything happens. If this bearish season really happens and they are ready, they can start accumulating Bitcoin and hodl for one cycle. But we will face weekend soon so they must be ready as the price is down and back to $89k level.

But it won't just happen in one rush I believe, so maybe it's a process something and who knows maybe just maybe the year might turn out to be bearish same as it turned out to be bullish last year but who knows the year is still young and so many things can still happen as there is possibility that it still bullish till the year ends again, crypto is just too unpredictable.

This is a new year and I don't expect any bear movement like the way we saw last years. I don't think the price of Bitcoin is going to fall below what we have seen since last year and I am expecting to see Bitcoin preparing for a bull movement that will help the price of altcoins to stay coordinated hitting on the altcoins season.