As we approach Christmas, top cryptos like Bitcoin, Ethereum, XRP, and Cardano are moving in different directions, responding to the overall market mood and economic news.
As we approach Christmas, top cryptos like Bitcoin, Ethereum, XRP, and Cardano are moving in different directions, responding to the overall market mood and economic news.
BTC is trading around the $86,000-$88,000 area, notably below earlier peaks but still holding important ground even with lighter trading activity around the holidays.
ETH has been hovering below $3,000, struggling to reclaim recent highs, while remains under pressure below the $2 mark. As for Cardano (ADA), it’s been on the decline lately, dropping to roughly $0.3577.
At the moment, markets are jumpy as traders expect lighter holiday trading, with big options deadlines and changing ETF money flows setting the stage for possible price swings. This is a major factor affecting prices right now, and with fewer people buying and selling, even normal-sized trades can lead to bigger-than-usual price swings.
Several analysts and reports are noting that Bitcoin and other top cryptos are losing ground as Christmas approaches. For instance, according to , the total crypto market cap declined by about 0.62% in the last 24 hours, now standing at $2.94 trillion.
Also, the Crypto Fear & Greed Index is at 27, falling from 29 and getting closer to the extreme fear section of the spectrum.
Bitcoin’s price for Christmas seems to be moving between $86,000 and $89,000, with traders watching to see if it can stay above important support prices to avoid a bigger drop. Some think there’s a chance for a holiday price bounce, often called a Santa rally, if sentiment improves and liquidity returns.
As for ETH, it remains below $3,000 with pressure on support. Near-term rebounds might be limited unless BTC stabilizes and ETF inflows resume.
XRP has been struggling, trading around $1.85-$1.90. It needs to break through higher price barriers to turn sentiment more positive. Some analysts believe it could rise above $2.10 if the wider crypto market improves.
Similarly, ADA is stuck in a price range (trading between $0.3450 and $0.3750 in the last 7 days), moving in line with Bitcoin’s steadiness and how willing traders are to take risks.
As it stands now, for the short term, BTC, ETH, XRP, and ADA are likely to stay within technical areas unless a strong catalyst emerges.
