Crypto market steadies as sentiment remains neutral and inflows persist
The cryptocurrency market is currently in a phase of consolidation following last week’s rebound, with the leading digital asset maintaining a steady position around the $114,000 mark. Ethereum, the second-largest digital asset, stayed near the $4,100 mark. Overall sentiment stayed wary, as the majority of altcoins encountered challenges. Pi took the lead in the downturn, dropping approximately 12 per cent, while Story, Zcash, and SPX6900 each experienced a decline of around 8 per cent. Selective buying was evident in a few names such as Hedera and OFFICIAL TRUMP, which gained 17 percent and 10 percent, respectively, according to data. Analysts observed that the general sentiment in crypto markets stays balanced, with the Fear & Greed Index remaining at 42 — indicating less anxiety and an increase in investor confidence.
Bitcoin continues to show a consistent trading pattern while facing resistance at $116,900. At the latest update, Bitcoin was priced at $114,137.81, reflecting a decline of 1.56 percent in the last 24 hours, accompanied by a trading volume of $54.23 billion, as per reports. The digital currency varied between $113,566 and $115,779 during the session. Even with a minor decline, Bitcoin’s market capitalization held steady at $2.14 trillion, underscoring its solid standing in the crypto landscape. At present, Bitcoin is valued over 9 percent lower than its peak of $126,198, achieved on October 7 of this year. Edul Patel notes that Bitcoin is stabilizing as traders take a careful approach before the U.S. Federal Open Market Committee meeting. “The overall market sentiment is getting better, with the Fear & Greed Index returning to ‘Neutral’.” Institutions are showing renewed interest, with global crypto investment products experiencing $921 million in weekly net inflows. “Public companies such as Strategy have resumed accumulation, adding BTC valued at $43.4 million,” he stated.
“With this setup, Bitcoin’s resistance stands at $116,900, while support has strengthened near $111,400, indicating a solid foundation for the next upward movement,” Patel stated. Riya Sehgal pointed out that Bitcoin remains strong after its recent test of $116,000. “The outlook stays positive as long as prices hold steady above key thresholds.” “A breakout above $115,750 could drive the token toward $118,000,” she noted. Ethereum mirrors Bitcoin’s trends; resistance noted between $4,250 and $4,320. Ethereum mirrored Bitcoin’s price action. The asset was recently valued at $4,115.12, showing a decrease of 2.74 percent in the past 24 hours, with a trading volume of $35.86 billion. Throughout the session, ETH experienced fluctuations ranging from $4,069.09 to $4,245.06. The market cap stood at $496.71 billion. Sehgal indicates that Ethereum has strong backing at $4,050. “A consistent advance beyond the $4,250–$4,320 range could set the stage for a surge toward $4,500,” she stated. Altcoins under strain; some gains noted. In the latest market analysis, several altcoins have shown significant underperformance. Pi, Story, Zcash, SPX6900, DoubleZero, Pudgy Penguins, DeXe, Immutable, Aster, Ethena, Arbitrum, Mantle, Dash, Worldcoin, PancakeSwap, Aerodrome Finance, Curve DAO Token, Injective, Bonk, Sei, FLOKI, Aave, Ethereum Name Service, Uniswap, Artificial Superintelligence Alliance, Chainlink, Dogecoin, VeChain, Pyth Network, and Optimism have all seen declines of up to 12 percent in the past 24 hours, according to data.
Conversely, some cryptocurrencies surged by as much as 17 percent, including Hedera, OFFICIAL TRUMP, MemeCore, UNUS SED LEO, Bittensor, Algorand, and Humanity Protocol. In a broader context, sources reports that funds linked to Solana, Litecoin, and Hedera are set to go live within the next few hours. Aptos experienced the largest inflows of stablecoins, while Solana and Ethereum faced notable outflows. Canada is preparing to introduce regulations for stablecoins in its upcoming Federal Budget, in line with the U.S. GENIUS Act. Citi has partnered with Coinbase to explore stablecoin-based cross-border payments, while ClearBank has teamed up with Circle to promote the use of USDC and EURC across Europe. The White House has announced the nomination of Meik Selig to lead the US Commodity Futures Trading Commission. Analysts noted that the mood in the crypto market is presently neutral, with traders expecting a potential rebound after the current consolidation phase wraps up.
