The crypto market is showing signs of recovery, and BTC/ETH is leading the charge! After a period of consolidation. Bitcoin (BTC) and Ethereum (ETH) are regaining momentum. BTC is climbing past resistance levels. while ETH is showing strength with upcoming developments in staking and scalability.
Investors are optimistic with BTC targeting $28,000 and ETH aiming for $1,900. Watch the BTC/ETH pair for potential gains as the market sentiment turns bullish.
A market rebound often brings new opportunities stay informed, manage risks, and position yourself wisely in this dynamic market.
The cryptocurrency market saw significant changes from December 16 to 22, 2024.
Bitcoin ($BTC ) hit a new high of around $106,000 on December 17, boosted by optimism over President-elect Donald Trump's pro-crypto stance.
However, after the Federal Reserve's meeting on December 18, which led to a rise in the 10-year Treasury yield, Bitcoin's price dropped sharply by about 11%.
By December 22, Bitcoin's price stabilized around $95,000, marking a weekly decrease of nearly 8%.
Ethereum ($ETH ) followed a similar pattern, dropping almost 16% over the week to trade near $3,200.
The total cryptocurrency market capitalization fell by over $30 billion for the second week in a row, ending at about $3.31 trillion.
This volatility is due to macroeconomic factors, including the Federal Reserve's policies affecting interest rates, and political developments like President-elect Trump's pro-crypto stance.
Investors should be cautious given the market's inherent volatility and external influences.
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