Bitcoin’s rather dull price actions continued in the past 24 hours, but the asset still managed to recover around two grand and now sits close to $89,000.
Most larger-cap altcoins are quite sluggish as well, with ETH standing below $3,000 and XRP beneath the $1.90 resistance.
The primary cryptocurrency has traded sideways for most of December. Its upper boundary was situated at $94,500 earlier this month, while the latter was around $84,500. Both were tested on a couple of occasions until December 19, but the range has tightened since then.
For the past couple of weeks, bitcoin has been unable to overcome the $90,000 resistance, but the $86,500 support has provided enough strength. The latest failed breakout attempt took place earlier this week when BTC pumped to $90,400 only to be rejected almost immediately and pushed south to $under $87,000.
It has recovered some ground since then, but was stopped once again at $89,400 yesterday. As of now, it trades inches below $89,000 after little to no volatility on a daily scale. If there’s no miracle in the following hours, BTC is poised to end 2025 in the red, which hasn’t happened in a post-halving year.
For now, its market capitalization has risen slightly to $1.770 trillion, while its dominance over the alts stands tall at 57.5% on CG.
Ethereum continues to fight with the $3,000 resistance, which has stopped its progress on several occasions in the past month. Ripple’s XRP has slipped below $1.90, turning crucial support into resistance. BNB is slightly in the green daily, while DOGE, ADA, ZEC, and XLM are in the red.
In contrast, CC continues with its recently high-flying performance. After another 8.5% daily surge, Canton has risen to $0.146. MemeCore is the top gainer today, having surged by over 11% to $1.58.
The total crypto market cap has added around $20 billion daily, and has increased to $3.080 trillion on CG.
