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The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
Within the top 10 cryptocurrencies by market capitalization, XRP has emerged as today’s leading gainer. The Ripple token is posting a double-digit increase over the past 24 hours. Below are the key drivers.
SUI jumps 20%: spot ETF hopes and positive on-chain data fuel the rally. These levels are now key.
The ETH/USD pair had been forming a consistent downtrend for more than three months, correcting toward the long-term trend. However, last week, after a prolonged period of sideways movement within the 3165.00–2770.00 range (Fibonacci retracement 50.0%–61.8%), prices exited the channel, breaking above its upper boundary. If the price consolidates above 3281.25 (Murray level [5/8]), the probability of reaching the targets at 3560.00 (Fibonacci retracement 38.2%) and 4062.50 (Murray level [5/8], Fibonacci retracement 23.6%) will increase significantly. The key level for bears remains 2770.00 (Fibonacci retracement 61.8%, Murray level [1/8]); a breakdown below this level would signal a resumption of the bearish move toward 2187.50 (Murray level [–2/8]) and 1875.00 (Murray level [3/8], W1).
Bitcoin, altcoins, and ETFs are posting solid gains, but developments around Venezuela, the Federal Reserve, and the US dollar will shape market direction in the weeks ahead.
U.S. banking giant Goldman Sachs has upgraded its rating on shares of crypto exchange Coinbase and issued a buy recommendation, CNBC reports.
The BTC/USD pair is holding near 92,560.76, as market participants remain focused on forecasts from leading analysts regarding the future trajectory of the leading cryptocurrency this year.
Officially, Venezuela holds 240 Bitcoin — but according to analysts, the real figure could be far higher. The country is believed to have accumulated BTC through covert gold and oil transactions.
The likelihood of a deep correction in the crypto market amid the U.S.–Venezuela conflict is extremely low, according to MN Trading founder Michaël van de Poppe.
Heading into the weekend, Bitcoin is trading just below the $89,900 level — the previous evening BTC climbed as high as $90,800. Ethereum remains above $3,100. As a result, over the past 24 hours Bitcoin has gained nearly 1%, while Ethereum is up by around 2%.
This week, most major digital assets remain locked in narrow sideways ranges: BTC is trading around 88,903.01 (–0.30%), ETH at 3,031.40 (+1.79%), USDT at 0.9987 (–0.05%), BNB near 866.56 (+2.72%), and XRP at 1.8700 (+0.06%). Total market capitalization currently stands at $3.01 trillion, with Bitcoin’s dominance at 58.9%. As of December 31, daily inflows into spot Bitcoin ETFs declined by $348.10 million, while Ethereum ETFs recorded outflows of $72.06 million.
The amount of XRP held on cryptocurrency exchanges has fallen to an eight-year low. Despite massive outflows, the price has remained calm — for now. As the year comes to an end, the XRP market is showing an unusual setup. While price action has recently been muted, with XRP trading sideways for extended periods, the underlying supply situation has changed significantly.
The Ethereum ecosystem is once again seeing strong development activity. According to Token Terminal, the number of newly deployed smart contracts has reached a record high.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.