The crypto market is modestly higher today, with total market capitalization rising 0.5% over the past 24 hours to about $3.08 trillion. Despite the uptick in overall value, trading activity remains subdued, with 24-hour volume at roughly $92.2 billion, reflecting cautious positioning across major assets.
TLDR:
The crypto market capitalisation is up 0.5% in the past 24 hours, holding above $3.08 trillion; Performance across the top 10 is mixed, with BTC up 0.7% to ~$88,575 and ETH down 0.3% to ~$2,973; Bitcoin remains range-bound near $88K after October’s $19B leverage wipeout; Holiday-thinned liquidity and steady US rate expectations are keeping traders cautious into year-end; US spot Bitcoin ETFs recorded $355M in inflows, snapping a multi-day outflow streak; Spot Ether ETFs also added $67.8M; The Crypto Fear and Greed Index sits at 32 (fear), signaling continued investor caution; Family offices increased crypto exposure in 2025, but volatility and weak recent performance cloud the outlook for 2026.Crypto Winners & Losers
At the time of writing, performance among the top 10 cryptocurrencies by market capitalization is mixed, though price moves remain relatively contained.
Bitcoin (BTC) is trading near $88,575, up about 0.7% over the past day, extending its weekly gains to just over 2%.
Ethereum (ETH) is little changed on the day, slipping 0.3% to around $2,973, but remains nearly 2% higher on the week.
BNB (BNB) is one of the stronger large-cap performers, rising 1% in the past 24 hours to $864, while Solana (SOL) has gained 1.1%, trading near $126.1.
XRP (XRP) and TRON (TRX) are mostly flat, posting marginal moves close to zero. Dogecoin (DOGE) is the weakest among the top 10, down 1.2% to $0.123, extending its weekly decline to more than 3%.
Outside the majors, several smaller tokens posted sharp gains. Omni Network (Old) leads the market with a surge of more than 170%, trading around $3.39. Bitlight follows with a jump of over 100% to roughly $0.92, while Diverge Loop climbed nearly 72%, reaching about $0.064.
On the downside, losses are relatively limited but concentrated among a few names. Lighter is down more than 16%, while Zcash (ZEC) has slipped about 2.2%, trading near $524.6.
Meanwhile, Cypherpunk Technologies has deepened its bet on Zcash, adding fuel to a growing debate over whether privacy-focused cryptocurrencies can play a role similar to Bitcoin in corporate treasuries.
The Nasdaq-listed company said it purchased an additional 56,418.09 ZEC for about $29 million at an average price of $514.02 per token.
With the latest transaction, Cypherpunk now holds 290,062.67 ZEC, equal to roughly 1.76% of Zcash’s circulating supply.
Bitcoin Stalls Near $88K as Liquidity Thins and ETF Outflows Weigh
Bitcoin hovered around $88,000 as the year drew to a close, with traders attempting late portfolio adjustments in a market still unsettled by October’s leverage unwind. That shock, which wiped out more than $19 billion in leveraged positions in a single day, left spot buyers cautious and derivatives traders quicker to reduce risk.
Since then, flows have weakened. Spot Bitcoin ETFs recorded roughly $6 billion in net outflows during the fourth quarter, according to Bloomberg, helping keep Bitcoin below the $90,000 mark through late December. Analysts say the earlier push toward six figures lacked the usual signs of peak-cycle euphoria, reflecting a more fragile market structure.
Holiday-thinned liquidity added to the muted tone across global markets, particularly in Asia, where several exchanges closed early or remained shut.
With US rate expectations anchored ahead of the Federal Reserve’s January meeting, crypto traders are now focused on whether fresh inflows return in early January or whether Bitcoin remains range-bound in the mid-$80,000s heading into 2026.
Levels & Events to Watch Next
At the time of writing, Bitcoin is trading near $88,660, holding a tight range after several weeks of volatile price action. The chart shows BTC rebounding from a late-November low near $85,000, with recent sessions consolidating between roughly $87,000 and $89,500.
Despite the short-term stabilization, Bitcoin remains well below its October peak above $120,000, reflecting cautious positioning as liquidity thins into year-end.
From a technical perspective, $88,000–$88,500 is now a key near-term support zone. A sustained hold above this area could allow BTC to test $90,000, followed by resistance around $92,000.
On the downside, a loss of $88,000 would put $85,000 back in focus, with a deeper pullback opening the door toward the $82,000–$83,000 region, which previously acted as a demand area during the November selloff.
Meanwhile, Ethereum is changing hands around $2,974, showing early signs of stabilization after a sharp multi-month decline. The chart highlights a steady downtrend from September highs above $4,500, followed by a sharp breakdown in November and choppy recovery attempts through December. ETH recently bounced from lows near $2,800, but upside momentum remains limited.
For ETH, $2,950–$3,000 is a critical pivot range. Holding above this zone could allow a move toward $3,200, with further resistance near $3,400 if momentum improves.
On the downside, failure to defend $2,950 may send ETH back toward $2,800, with additional support levels near $2,700. Until volume and follow-through return, Ethereum appears range-bound, mirroring the broader hesitation seen across the crypto market.
Meanwhile, crypto market sentiment remains subdued, with the Crypto Fear and Greed Index sitting firmly in the fear zone. According to CoinMarketCap data, the index currently stands at 32, signaling continued caution among investors despite recent price stabilization in major assets.
Sentiment has deteriorated steadily in recent weeks, down from 27 last week and 20 last month, reflecting persistent uncertainty following sharp corrections and thin year-end liquidity. While fear levels are not yet in “extreme fear” territory, they point to a market still lacking confidence and conviction.
On Tuesday, US spot Bitcoin exchange-traded funds (ETFs) snapped a prolonged outflow streak, recording $355.02 million in net inflows, according to data from SoSoValue. The rebound lifted cumulative net inflows to $56.96 billion, even as December remained broadly dominated by selling pressure.
BlackRock’s IBIT led the inflows with $143.75 million, followed by Fidelity’s FBTC, which added $78.59 million, and Ark & 21Shares’ ARKB with $109.56 million. Bitwise’s BITB recorded $13.87 million in inflows, while smaller additions were seen at VanEck’s HODL ($4.98 million) and Grayscale’s BTC fund ($4.28 million). No major ETF posted meaningful outflows on the day.
On the same day, US spot Ether ETFs also turned positive, ending a four-day outflow streak with $67.84 million in net inflows.The move lifted cumulative net inflows to $12.40 billion, even as Ethereum ETFs have struggled to maintain consistent demand through December.
Grayscale’s ETHE led the inflows with $50.19 million, followed by Grayscale’s ETH fund with $13.95 million and Fidelity’s FETH, which added $3.70 million. Other products, including BlackRock’s ETHA, recorded flat flows on the day. Total trading volume across Ether ETFs reached $1.10 billion, while total net assets stood at $17.99 billion, representing roughly 5% of Ethereum’s market capitalization.
Meanwhile, global family offices increased their exposure to cryptocurrencies in 2025, with a growing number entering the market for the first time.
However, sharp price swings and weak recent performance are raising doubts about how far that momentum can carry into 2026.
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