U.S. president Donald Trump’s surprise nomination of former Fed governor Kevin Warsh as the next Federal Reserve chair boosted the dollar, unwound the precious metals rally, and is bringing bitcoin below a key support level. Onchain data shared by Glassnode shows bitcoin was consolidating just above key structural support around $83.4K, the lower bound of its short-term holder cost basis model. A breakdown below that zone could open the door to a deeper slide toward $80.7K, the so-called True Market Mea ...

Market Overview - Bitcoin has reclaimed the $93,000 mark, rising over 2% in the past 24 hours, marking its first time above this level in nearly a week [1] - As of the latest data, Bitcoin is trading at $93,406, with a significant increase in trading volume of 20%, reaching $88.9 billion [2] Investor Sentiment - Users on the Myriad prediction market show an 80% probability that Bitcoin will reach $100,000, indicating strong optimism among traders [3] - Despite the increase in trading volume, trader sentiment remains cautious, with the Crypto Fear & Greed Index still reflecting a Fear rating, although it has improved from Extreme Fear [5] Market Dynamics - Analysts from Glassnode note that while trading volume has rebounded, the cumulative volume delta (CVD) has deteriorated, indicating a rise in sell-side dominance and a more defensive market posture [4] - The recent Consumer Price Index data has prompted investors to closely monitor the U.S. Supreme Court's upcoming decision on President Trump's tariff policies, which could impact market volatility [6][7]

Market Overview - The crypto market capitalization has increased by approximately 0.7% over the past 24 hours, reaching around $3.06 trillion [1][8] - Trading volume remains subdued at about $95.5 billion [1] Major Cryptocurrencies Performance - Bitcoin (BTC) is trading at approximately $87,900, reflecting a gain of about 1.3% over the past day [3][8] - Ethereum (ETH) has risen by around 1.8%, trading close to $2,980 [3][8] - BNB (BNB) has also seen a modest increase of about 1% to $855 [3] Underperforming Assets - XRP (XRP) has decreased by approximately 1.7% to $1.86 [4] - Solana (SOL) has slipped roughly 0.3% to $124 [4] - Dogecoin (DOGE) has fallen around 4.7% to near $0.124, making it one of the weaker performers in the top 10 [4] Market Breadth and Mid-Cap Tokens - The majority of the top 100 cryptocurrencies are trading positively, although gains are generally modest [4] - Some mid-cap tokens have shown stronger movements, with notable gains concentrated in a few names rather than widespread selling [5] Notable Performers - Beta Finance has surged more than 423%, leading the market [5] - ElizaOS has climbed nearly 150% over the past day [5] - 0x Protocol has increased by around 35% [5] Future Outlook - Haseeb Qureshi from Dragonfly predicts Bitcoin will trade above $150,000 by the end of 2026, although he anticipates a decline in its dominance as capital shifts to other sectors [6] - Analysts suggest that a break above $89,000 for Bitcoin could target $92,000–$95,000, while a drop below $85,000 risks a decline to $82,000 [8] Year-End Trading Conditions - Year-end trading remains thin, attributed to seasonal inactivity [8] - The Crypto Fear & Greed Index is currently in the fear zone at 29 [8] - US Bitcoin spot ETFs have experienced net outflows of $19.3 million, while US Ethereum ETFs saw $9.6 million in outflows [8]

Market Overview - The broader crypto market is experiencing significant selling pressure, with daily liquidations exceeding $250 million ahead of the U.S. GDP data release on December 23 [1][2] - The overall crypto market capitalization has decreased by 2.46% to $2.96 trillion, reflecting heightened volatility [2] - Bitcoin's price has declined by 2.4% to $87,546 after facing rejection at $90,000, while Ethereum and other altcoins have also seen similar corrections [1][2] Investor Sentiment - The Crypto Fear & Greed Index has dropped to 24, indicating extreme fear among investors [3] - Despite the price declines, total crypto derivatives open interest has increased by 1.1% to $129 billion, suggesting that traders are maintaining elevated positions amid uncertainty [3] Market Dynamics - Buying pressure in the crypto market is weakening, with both trading activity and network participation showing signs of slowdown [5] - Active address counts are sharply declining, indicating reduced network engagement, which may require additional time for the market to stabilize and recover [6] Upcoming Economic Indicators - Key U.S. GDP data is set to be released on December 23, followed by weekly jobless claims on December 24, with U.S. markets closed on December 25 for the Christmas holiday [4] - China's M2 money supply data will be released on December 26, adding another macroeconomic variable for market assessment [4]

🔎 CMC Feature Highlight | Crypto Fear & Greed Index 📊🔹 Under 20: Extreme Fear 😨🔹 20-40: Fear🔹 40-60: Neutral🔹 60-80: Greed🔹 Over 80: Extreme Greed 🤑Historically, extreme readings signal potential reversals.Where do you think we're headed?https://t.co/cCd6gD2cby ...

Core Viewpoint - Ether may be on the verge of a short-term rebound, with on-chain data indicating that the market has not yet reached overheated conditions, suggesting potential price gains towards the $3,200 level [1][7]. Market Conditions - Current stablecoin yields are low, around 4%, indicating that the market has not reached a major top and could still push higher, with Ether trading near $3,001 at the time of the report [2][3]. - Stablecoin returns are between 3.9% and 4.5%, suggesting subdued borrowing demand and a measured risk-taking environment [3][7]. Recent Performance - Ether has experienced a challenging month, sliding over 21% in the past 30 days amid a broader digital asset selloff, exacerbated by a $19 billion liquidation event and trade uncertainties following tariff announcements [4]. - Technical indicators are beginning to show constructive signs, indicating potential for recovery [4]. Investor Sentiment - The ETH-BTC weekly chart is nearing a "bullish ribbon flip," a historical signal of potential outperformance against Bitcoin [5]. - Spot Ether ETFs have seen a reversal with $312.6 million in net inflows after three weeks of withdrawals, indicating renewed interest from institutional buyers [5]. - The Crypto Fear & Greed Index has improved, moving from "extreme fear" to the "fear" zone, suggesting that panic-driven selling may be subsiding [6].

Market Overview - Bitcoin (BTC) showed initial signs of a rally during Thanksgiving week, nearly reaching $90,000 before dropping back to $87,000 [1] - The CoinDesk 20 Index (CD20) rose close to 3,000 but retreated by around 3% to 2,485.84, indicating cautious buying behavior in the crypto market [2] Market Sentiment - The Crypto Fear & Greed Index remains in "extreme fear" at a rating of 15, slightly up from 12, but still reflecting a bearish sentiment [4] - The index reached a yearly low of 10, suggesting that market movements are likely influenced more by macroeconomic factors than trader sentiment [4] Trading Dynamics - Bitcoin's recent volatility has been linked to the performance of the U.S. tech industry, with most negative profit and loss occurring during U.S. trading hours [3] - The average funding rate for holding positions has turned negative for the first time in a month, indicating a potential for a short squeeze and a possible price recovery as December approaches [5]

Core Insights - Bitcoin's Fear Index has dropped to 12, indicating extreme fear, but historical patterns suggest this level rarely signifies a true market bottom [2][3][4] - Historical data shows that when the Fear Index falls below 10, Bitcoin's median 30-day return is only 2.1%, with 63% of those periods ending positively but with modest gains [5][6] Market Sentiment - Current sentiment is deeply negative, with traders indicating a bottom, yet historical behavior suggests that fear phases tend to persist rather than reverse quickly [4] - Heavy outflows from exchanges, totaling over $3.6 billion since November 10, reflect a risk-off positioning among traders [8][9] Technical Analysis - Bitcoin is trading below a year-long trendline that previously supported major rebounds, indicating structural weakness in the market [11] - The loss of the $100,000 psychological support level further confirms this structural break [12]

🚨 ALERT: The latest Crypto Fear & Greed Index shows sentiment is now at its lowest since late February.Will there be a rebound soon? https://t.co/a4YWxXccCz ...

Core Insights - The broader crypto market experienced a downturn, with Bitcoin dropping to a low of $93,029, leading to liquidations of nearly $579 million on Sunday. As of Monday morning, Bitcoin was trading at $95,453, down 0.1% on the day [1]. Market Sentiment - The recent market activity has created a bearish sell signal known as 'Death Cross,' indicating a potential shift from a bull to a bear market as the 50-day moving average crossed below the 200-day moving average [2]. - The Crypto Fear & Greed Index has indicated 'Extreme Fear,' reflecting investor panic as Bitcoin has fallen 10% from its intra-week high of $106,562. The Fear & Greed perpetual sentiment market shows a slight bearish skew with a 51/49 split towards Fear [4]. Economic Factors - Market uncertainty is attributed to the lack of key economic reports, leading to a diminished clarity regarding the Federal Reserve's potential actions in December. Expectations for a rate cut have significantly decreased [3]. - The end of the government shutdown is expected to alleviate some liquidity pressure, which may support the markets, although it is not seen as a transformative factor [5]. Future Outlook - Experts predict a period of heightened volatility and consolidation for Bitcoin, with its near-term trajectory heavily influenced by macroeconomic data and institutional flows. While aggressive selling may be slowing, a trend change may take time to materialize [5].