Coinbase(US:COIN) Benzinga·2025-12-05 02:04Cryptocurrency Market Overview - Leading cryptocurrencies experienced declines on Thursday despite key stock indexes rising, driven by expectations of interest rate cuts [1] - Bitcoin fell by 1.04% to $92,460.85, while Ethereum dropped 1.77% to $3,156.33, and XRP decreased by 4.30% to $2.10 [2] - The global cryptocurrency market capitalization decreased by 0.92% to $3.14 trillion [7] Trading Activity - Bitcoin's trading volume fell by 19% over the last 24 hours, indicating a loss of momentum in its recent rebound [3] - Ethereum faced resistance at $3,220, dropping to $3,070 before regaining some ground [3] - Cryptocurrency liquidations reached $266 million in the last 24 hours, with long liquidations accounting for nearly $80 million [5] Market Sentiment and Predictions - The cryptocurrency market is currently characterized by high fear and volatility, with predictions that Bitcoin's next significant expansion cycle may not occur until 2026 [6] - Analysts have identified key resistance levels for Bitcoin at approximately $92,000 and for Ethereum between $3,100 and $3,150, suggesting potential future price movements [10][11] Stock Market Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. and Coinbase Global, saw declines of 1.26% and 1.04%, respectively [4] - Major stock indexes, including the S&P 500 and Nasdaq Composite, extended their gains, with the S&P 500 closing up 0.11% [8]