- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Bitcoin holds steady at $88,000.
- Year-end trading volumes dip across the crypto market.
In the Asia market open, Bitcoin holds steady around $88,000 amid thinning year-end trade volumes, while regional equities experience a slight dip after recent gains.
The trend highlights seasonal inactivity impacting major cryptocurrencies like Bitcoin and Ethereum, with on-chain data indicating subdued market dynamics and broad consolidation at year’s end.
Bitcoin remains stable around $87,000–$88,000 during the Asian market opening amid thinning year-end trading volumes. This occurs as regional equities experience slight declines following recent rallies. The total crypto market cap hovers at around $3 trillion, down 2.1%.
Bitcoin and Ethereum continue exhibiting sideways trading, with Ethereum near $2,900–$3,000. This stability is reflective of seasonal inactivity rather than significant market shifts. Expert Jake Kennis notes, “Bitcoin and Ethereum have both traded largely sideways over the past week, reflecting seasonal inactivity rather than a meaningful shift in market structure.” source
The holding pattern in cryptocurrency prices is matched by broader inactivity within the market. On-chain activity, such as active addresses and transaction volumes, shows signs of cooling, indicative of year-end seasonality impacting major assets like BTC and ETH.
No major funding allocations or institutional activities have emerged, leaving BTC, ETH, and XRP as affected assets without deeper structural changes. XRP trades at $1.85, a reflection of its 2.2% decline alongside similarly affected peers.
Despite the cooling market, Bitcoin maintains a 24-hour range from 13,594,081 to 13,950,779 JPY, approximating $88,000–$90,500 USD on bitFlyer. The trend suggests limited fluctuations typical for the year-end season.
Historically, year-end patterns have shown consistent slowed trading and market sideways movement. Previously, Bitcoin’s values have reached peaks followed by corrections, aligning with prior cycles, demonstrating market resiliency despite reduced volatility.
