As of today, the cryptocurrency market shows mixed signals:
1. Bitcoin #BTC holds positions around $97,000 - $98,000, supported by positive macroeconomic data from the USA. The strengthening of the US dollar and rising government bond yields have led to increased interest from institutional investors in cryptocurrencies. The launch of a Bitcoin ETF by major financial players such as BlackRock is planned, which further stimulates interest.
2. Ethereum #ETH maintains a positive trend due to the recent launch of an ETF, which provides a capital influx from institutional investors. Forecasts for ETH remain favorable due to the active development of DeFi and innovative projects.
3. Altcoins show mixed dynamics:
#XRP is declining amid weak market support.
#DOGE and other meme tokens remain popular for speculative trading, but also demonstrate significant volatility.
4. General trends: December is traditionally favorable for cryptocurrencies due to increased liquidity and seasonal investor interest. Institutional investments and regulatory changes (e.g., discussions of new laws in the USA and other countries) play a key role in shaping the market.
The market remains highly volatile, so it is important to monitor macroeconomic indicators (e.g., inflation and the Fed's policy), which will have a significant impact on the price of cryptocurrencies in the coming weeks.
