👀 Crypto Market Overview

😏 The positive sentiment from the end of the shutdown and payouts has been digested, now crypto enthusiasts are waiting for the Santa rally. Today, Bitcoin dropped to $103k, and the main altcoins are also trading in the red.

🪙 BTC is trading around — $104,846
🔹 ETH is fluctuating around — $3,485
📈 The biggest gain in 24 hours was — CC +24.48%
📉 The biggest drop was — TRUMP -6.87%

📊 Indicators:
😨 Fear and Greed Index — 24
💵 Altseason Index — 37
📈 Long/Short Ratio — 51/49
💵 Crypto market capitalization — $3.48 trillion
👑 Bitcoin dominance — 60.07%

🪙 Ripple CEO Brad Garlinghouse stated that their company aims to become a full-fledged fintech provider using blockchain and XRP for international settlements.

✨ According to BitMine — ETH reserves are not the most profitable strategy. The unrealized loss of the company holding 3.5 million ETH amounted to -$1.8 billion.

🏦 JPMorgan launched its deposit token JPMD on the Base blockchain. The token is backed by clients' dollar deposits. Everyone expected banks to use crypto, but they started creating their own 💵

🇦🇪 The Central Bank of the UAE conducted the first transaction with the digital dirham (CBDC). Full launch is planned for the end of 2025.

🔮 Forecast:

Trump failed to fully pump the market with news. The market is stagnating despite local rebounds. If you analyze the whole picture by technical analysis, whale and fund sales, including BlackRock, it is more likely to move towards the $95k area.