The total capitalization of the digital asset market remains modestly positive at approximately $3.047 trillion, but current price movements are not strong enough to indicate a meaningful shift in overall market sentiment.
Bitcoin is trading near $87,719, up around 1.0% from the previous day. Ethereum (ETH) is holding close to $2,939 with little change. Most altcoins are also moving sideways, showing no significant price impulses.
During the Christmas holiday period, market participants expect higher volatility. Reduced liquidity due to public holidays means that individual large orders may trigger sharp short-term price swings.
On the macroeconomic front, resilient U.S. labor market data continue to support global markets. Initial jobless claims came in better than expected, reinforcing investor confidence in the stability of the U.S. economy despite elevated interest rates. Against this backdrop, equity indices continue to set new all-time highs.
At the same time, investors are gradually shifting their focus toward 2026 and the potential easing of U.S. Federal Reserve monetary policy. Over the medium term, this could create a more favorable environment for risk assets, including cryptocurrencies.
In the short term, however, the crypto market remains in a wait-and-see phase. The lack of clear signals from central banks and subdued trading activity continue to limit the formation of a sustained bullish impulse.