The cryptocurrency market has entered a consolidation phase, with bitcoin holding steady near $87,000 while ethereum remains below $3,000. Some altcoins experienced gains, but others declined, leading to a slight dip in the global market capitalization. Experts foresee a bullish yet stable week ahead for the sector.
In recent trading, the crypto market showed signs of consolidation after periods of volatility. Bitcoin, the leading cryptocurrency, has been hovering around the $87,000 mark, reflecting investor caution amid broader economic signals. Ethereum, meanwhile, continues to trade below the $3,000 threshold, struggling to break through resistance levels.
Altcoins displayed mixed performance: while some, such as solana, dogecoin, bnb, and xrp, posted modest gains, others faced downward pressure. This uneven movement contributed to a minor decline in the overall global crypto market cap, underscoring the sector's sensitivity to sentiment shifts.
Market analysts predict a week of consolidated bullish activity. They suggest bitcoin may test the $88,000 level once more, potentially signaling renewed upward momentum if key supports hold. This outlook aligns with ongoing interest in bitcoin's price trajectory into 2025, though short-term stability remains the focus.
The consolidation phase highlights the market's maturation, where gains are tempered by risk management. Investors are watching macroeconomic factors closely, as they influence crypto's direction.