Bitcoin struggles to break $90,000 resistance, potentially ending 2025 in the red, a rare occurrence post-halving. Altcoins show mixed performance, with Ethereum facing resistance at $3,000 and XRP struggling below $1.90.
What to Know:
- Bitcoin struggles to break $90,000 resistance, potentially ending 2025 in the red, a rare occurrence post-halving.
- Altcoins show mixed performance, with Ethereum facing resistance at $3,000 and XRP struggling below $1.90.
- XRP’s inability to breach resistance levels may impact short-term liquidity and investor confidence.
Bitcoin’s price action has been relatively uneventful, consolidating within a tight range as the year concludes. While BTC recovered to nearly $89,000, it continues to face strong resistance. Altcoins present a mixed picture, with some showing gains while others lag, reflecting the broader market’s uncertainty.
Bitcoin’s Sideways Trend
Bitcoin has largely traded sideways throughout December, fluctuating between $84,500 and $94,500. Attempts to break above $90,000 have been repeatedly rejected, while support around $86,500 has held. This lack of clear direction raises concerns that Bitcoin may end 2025 in negative territory, an unusual outcome for a post-halving year.
Altcoin Performance
Ethereum is struggling to overcome the $3,000 resistance level, a barrier it has encountered multiple times recently. XRP has fallen below $1.90, turning a previous support level into resistance. Other major altcoins such as BNB, DOGE, ADA, ZEC, and XLM show mixed performance, reflecting the diverse sentiment across the altcoin market.
Market Capitalization and Dominance
Despite the lackluster price action, the total crypto market capitalization has increased by approximately $20 billion, reaching $3.080 trillion. Bitcoin’s dominance remains strong at 57.5%, indicating its continued influence over the broader crypto market. This dominance suggests that altcoins may struggle to gain significant traction unless Bitcoin establishes a clear upward trend.
Impact on XRP
XRP’s struggle to maintain its position above $1.90 is noteworthy. The inability to breach resistance levels may impact short-term liquidity and investor confidence. Developments in Ripple’s ongoing legal battle with the SEC continue to be a key factor influencing XRP’s price and market sentiment. Positive resolution could catalyze upward movement, while further delays or unfavorable outcomes may exert downward pressure.
Concluding Thoughts
As the year closes, the crypto market remains in a state of uncertainty. Bitcoin’s inability to break key resistance levels raises concerns about its short-term trajectory. Altcoins present a mixed picture, with some showing promise while others struggle. Market participants should closely monitor Bitcoin’s price action and any developments in the regulatory landscape, as these factors will likely shape the market’s direction in the coming months.
Related: Bitwise ETFs Target AAVE, ZEC, TAO Tokens
Source: Original article
Quick Summary
Bitcoin struggles to break $90,000 resistance, potentially ending 2025 in the red, a rare occurrence post-halving. Altcoins show mixed performance, with Ethereum facing resistance at $3,000 and XRP struggling below $1.90. XRP’s inability to breach resistance levels may impact short-term liquidity and investor confidence.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
