Last week, the Bitcoin market trends lacked positive impetus, preventing Bitcoin from recovering beyond $100,000. After reaching a weekly high of $3.6 trillion after Christmas, Bitcoin’s market capitalization fell 2.6% to $3.46 trillion by late Friday. Due to a lack of triggers, the market was risk-off, and the Christmas season lowered liquidity and trade volumes by the middle of the week.
Early-week profit-taking by long-term investors and the poor performance of US Bitcoin ETFs kept market sentiment low, affecting altcoins as well. The Crypto Fear and Greed Index sank to neutral in the low 50s, suggesting market stagnation. By the end of the week, only a few top tokens had retained gains from the post-election boom after Donald Trump won the 2024 US elections. Although whale buying and institutional activity increased toward the end of the week, experts remained cautious and anticipated a larger fall.
Bitcoin’s Weekend Surge
Bitcoin soared late in the week following a $14.2 billion option expiration with $85,000’max pain’ A big decline was projected. The flagship cryptocurrency achieved $97,330 at 9:06 a.m. on December 27, one hour after expiry. TradingView’s top trader said USDT’s market dominance index dropped BTC. BTC should peak locally and recover from an internet outage. Bull traps peak and fall quickly, say experts. Fast recovery is possible.
Bitcoin may fall to $80–$60k in days. Fundstrat managing director Mark Newton expects Bitcoin to top $250,000 and settle at $60,000.Cohen predicts post-inauguration Invesco QQQ and Bitcoin losses. ExAli Martinez advises exchange trading and profit-taking to hold Bitcoin above $93,806 or below $70k—several $100k+ closings. Last week, the best cryptocurrency fell 2.7% to $94,171. The popular cryptocurrency varied this week.
Top altcoins This Week
This week, the prices of several altcoins have changed significantly, which has caught buyers’ attention. Ethereum (ETH) keeps getting stronger thanks to ongoing network changes and the fact that it is the leader in decentralized finance (DeFi). The progress of Solana (SOL) has been good, with improvements in speed and ability to grow. Cardano (ADA) is gaining momentum by incorporating additional smart contract features, while Polkadot (DOT) is thriving due to its rapid community growth. Chainlink (LINK) has also grown because more people want to use its autonomous oracles. Ripple (XRP) has also been getting much attention, and the court case results could affect its price in the next few days.
Bitget token
Bitget (BGB) did better than the market last week, rising more than 100%. With a market cap of over $11.3 billion, this currency was the biggest on the list. The excitement surrounding several new developments in December continued to fuel BGB’s profits.
A cryptocurrency market in Seychelles recently said it would combine BGB and BWB into a single utility token, which was favourable news for the altcoin. The exchange’s plans to collaborate with the Tron blockchain and SunPump, a company that launches meme coins, sparked last week’s surge.
Virtual protocol
With gains of over 44% in the last week, Virtuals Protocol (VIRTUAL) was one of the best-performing cryptocurrencies focused on artificial intelligence. This year, VIRTUAL has locked in over 23,000% in gains, making it one of the top-performing tokens of the year.
The AI agent wave and the growth in the AI field helped VIRTUAL. Many people have used the protocol to start AI agents this year. It is a decentralized AI agent network. The price of VIRTUAL tokens has increased. More users have locked into their tokens. The number of AI bots on the platform is growing. VRTC had a market value of $3.36 billion at the time of writing.
Movement
Movement (MOVE) is an Ethereum layer two network. It went up 27% this week. Its market value is now over $2.3 billion. We launched MOVE earlier this month. It has already made a lot of money. The increase in MOVE’s price was due to excitement around its mainnet test. The token generation event took place on December 9. As part of the TGE, the team distributed 1 billion tokens, which made trade more active. The price rise started after Wrapped Bitcoin joined on December 19. This made the decentralized finance environment more liquid, which greatly helped the price rally. The ONmetric also indicates a busier network with more active addresses.
Also Read: Trump’s Bitcoin Reserve Vision and Global Impact On Finance
Summary
The market trends for Bitcoin and altcoins remain unchanged. The lack of strong catalysts, long-term investor profit-taking, and limited market liquidity around Christmas lowered Bitcoin’s market capitalization by 2.6% to $3.46 trillion. Bitcoin’s future price is uncertain, with analysts like Mark Newton and Cohen predicting a fall or a surge above $250,000.
Ethereum, Solana, Cardano, and Polkadot have witnessed price increases due to network upgrades and new features, aligning with the broader Bitcoin Market Trends shaping the cryptocurrency landscape. The court case also affects Ripple’s price. Bitget’s token (BGB) rose over 100% due to its Tron blockchain alliance and meme currency launching. AI agents and decentralized AI networks drove a 44% growth in Virtuals Protocol (VIRTUAL).
Movement (MOVE), an Ethereum Layer-2 network, increased by 27% due to its mainnet test and token creation event. The cryptocurrency market fluctuated, although certain altcoins benefited from strategic collaborations and innovative advances.
