Key notes
- The crypto market cap rose 0.9% to $2.96 trillion on Christmas Day.
- Ethereum recorded a CEX outflow of over 605,000 ETH in just 30 days.
- Investment products linked to BTC and ETH continue to be released.
Cryptocurrency market continues to surprise investors with mixed price movements and strong Ethereum
ETH
$2,941
24h volatility:
0.4%
Market capitalization:
$355.07 billion
Flight. 24h:
$7.77 billion
accumulation and subsequent outflows of crypto-related exchange-traded funds.
The global crypto market cap rose 0.9% over the past 24 hours to $2.96 trillion, while daily trading volume declined 32% to $67 billion, according to data from CoinMarketCap.
This time, however, the price rise is not coming from major digital assets. The CMC20 index, which tracks the combined price action of the top 20 cryptocurrencies, rose just 0.27%. This indicates that smaller altcoins saw larger gains than larger ones.
For example, Bitcoin
BTC
$87,715
24h volatility:
0.3%
Market capitalization:
$1.75 ton
Flight. 24h:
$15.77 billion
gained 0.8% to $87,700 and ETH consolidated near $2,940.
According to a report from Coinspeaker, VanEck, a global investment management firm, expects 2026 to be a “consolidation year” for Bitcoin, which would also mean less price volatility.
Bears versus bulls
Mixed movements and expectations continue to dominate price charts and social feeds.
Ethereum’s consolidation below $3,000 comes as the asset sees an impressive accumulation. According to data from CoinGlass, centralized crypto exchanges saw a net outflow of 43,800 ETH, or approximately $128.8 million, over the past 24 hours.
Monthly Ethereum outflows from CEXs reached 605,370 ETH, worth just under $1.8 billion, over the past 30 days.
At the same time, US-based ETH ETFs saw an additional $52.8 million in net outflows over the past 24 hours, according to Farside data. Bitcoin-based investment products also saw their fifth consecutive release, worth $175.3 million.
Some analysts have pointed to a sharp decline in whale and shark BTC wallets, a similar downtrend to that of late 2021.
On the other hand, Anthony Pompliano, a prominent Bitcoin investor and analyst, believes that Bitcoin’s bearish performance at the end of the year does not mean that the asset would experience a bearish first quarter in 2026.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his credit and his work has been featured in some of the leading media outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Besides reporting, Wahid likes to connect the dots between DeFi and macro in his newsletter, On-chain Monk.
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