- Bitcoin held near $88K as Asian markets opened with low holiday liquidity.
- Altcoins were mixed, while total crypto market cap stayed above $3T.
- Derivatives data suggests cautious year-end positioning by traders.
Bitcoin held a solid price at $88,000 in the early Asian markets as cryptos kept their composure despite low year-end liquidity. The markets seemed stable, with cryptos not showing notable strength despite a better start to the day by Asia equities markets.
Bitcoin started with a slight increase of around 0.6%, as it continued to maintain the range that it had established after the events of last week. The performance of Ether was somewhat better as it showed an increase of about 1.5%, but XRP showed a slight decrease. Market participation also remained cautious.
Market Snapshot
- Bitcoin (BTC): 88,560
- 24h Volume: ≈ $42.5 billion | Dominance
- Ether (ETH): ≈ 3,
- Market Cap: ~$50.9
- XRP: ~$1
- Current Volume: ≈ $6.4
- Total Crypto Market Cap: Approximately $3.08 Trillion (+0
- 24h Market Volume: Approximately $98 billion
Derivatives markets provided better signals compared to spot markets. futures open interest and options positioning indicate that there has been little derisking going into the year-end. Funding rates on the main exchanges were close to neutral.
This suggests that there has been little leverage. Bitcoin ETF action was also in the headlines. Though the level of net inflows has moderated in the past few sessions compared to the opening weeks of the quarter, cumulative holdings are not far off record levels, which has helped Bitcoin hold strong above the $85,000-$88,000 level.
Traditional Market
In traditional markets, gold reached a new all-time high of almost $4,383 per ounce as a result of expectations of rate cuts, safe-haven considerations, as well as a weakening US dollar. Silver prices reached new records too, continuing a positive momentum.
In the past, extreme movements within gold reserves have normally been associated with a period of gold consolidation in Bitcoin. Macro cues are mixed. Asian markets are up 0.5%, with U.S. stock futures furthering the recovery seen last week.
Cleveland Fed President Beth Hammack believes that interest rates can remain the same for several more months, defying market predictions of a further two cuts in 2026. In Asia, China’s loan prime rates are kept unchanged for the seventh consecutive month. By supporting the notion of targeted measures and not a broad-based stimulus package.
As the end of the year is approaching, the crypto market continues to be shaped by range trading, derivatives, and selective risk, with traders closely observing the ability of Bitcoin to stay above $88,000.
