The Christmas joy did transcend onto the crypto market as the price charts reflected greens next to a majority of altcoins on Thursday. Bitcoin garnered minor gains of under two percent over the year. At the time of writing, the most expensive crypto asset is trading at $89,012.
Ether joined BTC to rope-in profits of nearly two percent over the last day. The asset is presently trading at $2,972 — with its seven-day average price having risen by 1.90 percent.
In conversation with Coin Headlines, market analysts said the crypto market is currently cooling off led by consolidation and not panic selling.
“Bitcoin is trading sideways within the $84,000–$94,000 band as investors weigh macro uncertainty and thin year-end liquidity. Ethereum (ETH ~$3,050) remains resilient above $2,900, supported by strong staking participation and expanding Layer-2 adoption. Ongoing ETF inflows and stablecoin growth continue to act as a structural cushion, keeping the broader outlook cautiously constructive despite subdued short-term momentum,” said Sathvik Vishwanath, co-founder and CEO, Unocoin.
Among tokens that registered gains, Solana, Chainlink, Hyperliquid, Monero, and Zcash minted small profits of under two percent. Litecoin, Avalanche, Uniswap, World Liberty Financial, and Leo reflected price hikes of around three percent meanwhile Bitcoin Cash price spiked by six percent to trade at $606.5.
The overall crypto market cap rose by 1.20 percent in the last 24 hours. As of Thursday, the valuation of the crypto market stands at $2.99 trillion, data by CoinMarketCap shows.
Analysts believe that liquidity remains the key market driver, with ETF inflows, stablecoin supply, and futures positioning determining direction more than narratives.
“Regulatory clarity and ETF participation support the long-term trend, but short-term movement stays range-bound until capital inflows strengthen. BTC’s resistance stands at $89,800–$90,500, with the 200 EMA acting as a key barrier. Meanwhile for Ether, a close above $3,070 would signal momentum recovery toward $3,150–$3,200; failure to hold $2,880 may lead to a deeper pullback to $2,800,” Riya Sehgal, Research Analyst, Delta Exchange told Coin Headlines.
In the past 24 hours , over 94,000 traders were liquidated with the total liquidations nearly touching $198 million, data by CoinGlass shows.