Market Overview
Bitcoin is currently trading around $87,000, while Ethereum is in the $2,950–3,030 range. Market liquidity remains low, and investors are awaiting year-end conditions and upcoming U.S. macroeconomic data (such as unemployment and GDP), keeping prices in a narrow range. Large options expirations and reduced holiday trading volumes may increase volatility, with positions clustered around key support and resistance levels. Meanwhile, delays in U.S. regulatory processes are weakening institutional sentiment and driving fund outflows, putting pressure on assets like ETH. As a result, BTC and ETH may continue to trade choppily in the short term.
Key Developments
JPMorgan Chase is exploring the possibility of offering cryptocurrency trading services to institutional clients.
BitMine has purchased a large amount of ETH, bringing its total holdings to over 4 million ETH, indicating strong institutional demand for ETH.
Strategy has temporarily paused Bitcoin purchases, though its total BTC holdings remain massive.
Bitcoin rose to around $90,000, showing a year-end “Santa Rally” vibe; ETH, XRP, and DOGE also saw weekly recoveries.