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BTC/USD traded near 78,900.00 early Wednesday after briefly breaking above 81,000.00 for the first time since May. The price later slipped below 78,000.00 following the release of US inflation data. Bitcoin is still up approximately 24–25% since the beginning of August, with the monthly range extending from 62,232.00 to 81,142.00.
The SOL/USD pair is trading within a medium-term downtrend, forming a corresponding channel. However, since the middle of last month, prices have shifted into sideways movement within the 125.00–150.00 range (Murray levels [2/8]–[4/8]) amid rising global monetary and trade uncertainty. The instrument is now once again attempting to consolidate below the lower boundary of this range in order to continue its decline toward the targets at 100.00 (Murray level [0/8]) and 75.00 (Murray level [–2/8]). A breakout above 150.00 (Murray level [4/8]), reinforced by the upper Bollinger Band, would allow prices to exit the descending channel through the upper boundary, signaling a potential trend reversal and opening the way toward the 187.50 (Murray level [7/8]) and 200.00 (Murray level [8/8], Fibonacci retracement 23.6%) area.
On December 17 in Washington, the U.S. Securities and Exchange Commission (SEC) launched formal public consultations on crypto asset trading rules. SEC Commissioner Hester Peirce invited market participants to share their views on how crypto assets should be traded on national securities exchanges and alternative trading systems (ATS). The initiative follows new guidance from the Division of Trading and Markets and aims to establish a clearer and more coherent regulatory framework for the crypto market.
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During the current week, the XRP/USD pair continued to develop its downward momentum in line with the broader market trend, testing a five-week low at 1.8554 (Murray level [–1/8]). Bearish sentiment among investors is being reinforced by uncertainty surrounding the future course of US Federal Reserve monetary policy, as well as by expectations of a potential peaceful resolution of the Russia–Ukraine conflict under a Republican White House administration, which is weighing on demand for defensive assets.
Negative sentiment continues to dominate the crypto market. Fear, FUD, and persistent sell-offs are shaping the overall trading backdrop, while Bitcoin—the largest cryptocurrency—has retreated sharply from its highs. Compared with its all-time peak near $126,000, BTC has lost around 28.8% of its value, as macroeconomic uncertainty continues to weigh heavily on risk assets.
ETH/USD is developing a medium-term bearish trend while pulling back toward a longer-term uptrend. However, over the past three weeks, price action has mostly consolidated in a sideways range of 3170.00–2765.00 (50.0% Fibonacci retracement; Murray level [–2/8] — 61.8% Fibonacci retracement; Murray level [1/8]) as investors stay cautious amid monetary-policy and geopolitical uncertainty. The pair is currently hovering near the lower boundary of this range, and a sustained break below it could open the way toward 2187.50 (Murray [–1/8]) and 1875.00 (Murray [–2/8]). If price breaks above 3437.50 (Murray [3/8]), a bullish breakout from the descending channel becomes more likely, with upside targets at 4062.50 (Murray [–5/8], 23.6% Fibonacci retracement) and 4687.50 (Murray [7/8]).
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Bitcoin has once again moved deep into negative territory, while overall market sentiment has fallen to extreme lows.
Since the end of last month, the BTC/USD pair has been trading mostly within a sideways range of 93,750.00–87,500.00 (Murray level [3/8]–Murray level [2/8]). Last week, prices reached the upper boundary of this range amid monetary policy easing by the U.S. Federal Reserve.
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The Bitcoin price is holding near $90,700 today, down about 0.2% over the past 24 hours. Ethereum (ETH/USD) trades around $3,190 (+0.1%), while XRP has edged up to $2.04, gaining roughly 0.25%.
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.