In the past 24 hours, the cryptocurrency market has risen by 2%, which is related to the entry of institutions, movements in Bitcoin, and the Federal Reserve's interest rate cuts.
Once the short-term price fluctuations pass, the market is likely to recover significantly. Bitcoin is currently above $92,000, with a trading price of $92,394, having risen 2% in the past 24 hours. However, on December 11, the net outflow of the U.S. spot Bitcoin ETF was -$77,340,000, with Fidelity's FBTC experiencing the largest outflow at $104,000,000.
Bitcoin is currently trying to break through the resistance level of $92,000-$94,000. If the bulls can突破 this threshold, Bitcoin is very likely to rise all the way to $100,000. However, if it cannot break through, the price may drop below $90,000, and the success or failure in this critical range will determine the market's direction moving forward.
Speaking of Ethereum, the price is around $3,250, having risen by 1.8% in the past 24 hours. Its trading price is above the support level, but it is nearing the key resistance zone of $3,300 - $3,350. Today's price movement is crucial; if the closing price can stay above this level, the upward trend may continue, and if it breaks through $3,400 the next day, Ethereum could surge to $3,700 - $3,800. However, if it encounters resistance, the price may fall back to $3,000. Moreover, there has been significant outflow of Ethereum ETFs in the market, with 42,370,000 units, while 21Shares' TETH is the only ETF with inflow.
There is also XRP, which is currently trading at $2.03, having risen by 2% in the past 24 hours. Since 21Shares launched the XRP exchange-traded fund (ETF) on the Cboe BZX exchange, the price of XRP has further increased. This ETF uses a multi-custody strategy, with custodians including Coinbase Custody, Anchorage Digital Bank, and BitGo Trust. The inflow situation for XRP is particularly good, having shown positive fluctuations for 19 consecutive days. If this bullish trend continues, XRP's price is expected to rise to $3 soon.
Overall, the market momentum for Bitcoin, Ethereum, and XRP is quite good. Bitcoin is approaching the $100,000 mark, Ethereum is challenging an important resistance zone, and XRP is experiencing positive inflows from the ETF. If this bullish trend can sustain, these cryptocurrencies might see a significant surge again by December 2025.
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