The cryptocurrency market is showing slight gains today, bouncing back a bit after recent dips. The total market cap for all cryptocurrencies has risen by about 0.7%, now standing at around $3.04 trillion. Trading volume over the past 24 hours is approximately $69.9 billion.

Most of the major cryptocurrencies are in the green right now:

– **Bitcoin (BTC)** is up by 0.7% and trading around $87,414. It’s holding steady near recent highs.
– **Ethereum (ETH)** is mostly flat today at $2,924 but has gained 3.2% over the past week.
– **BNB** is slightly up by 0.5% to $840.
– **XRP** has moved up by 0.6%, now at $1.87.
– **Solana (SOL)** rose 0.3% to $121.76, though it’s still down for the week.

However, not all sectors are doing well. Crypto tokens related to artificial intelligence have taken a big hit after strong rallies in 2023 and early 2024. Investor interest has cooled down, and the market for AI tokens has lost about 75% of its value over the past year—roughly $53 billion wiped out.

Bitcoin traders are also keeping a close eye on macroeconomic signals. Elon Musk recently said the U.S. economy could grow rapidly starting in late 2026, with potential for double-digit GDP growth. While his comments weren’t directly about crypto, many investors are looking at them as a sign of possible improved liquidity and risk appetite.

The broader market narrative for Bitcoin is once again tied to expectations around U.S. Federal Reserve interest rate cuts. Some analysts, like Anthony Pompliano, suggest that faster economic growth could boost demand for scarce assets like Bitcoin. Others believe Musk’s optimism reflects real trends in innovation and technology, especially in AI.

Linh Tran, a market analyst at XS.com, noted that Bitcoin’s price is more reactive to monetary policy outlooks than general economic news. Meanwhile, research firm K33 pointed out that long-term holders have been steadily selling BTC over the years, but this pressure may be easing.

Currently, Bitcoin is trading near $87,366 after another volatile day. The price has struggled to break above resistance levels and remains below its October peak of nearly $125,000. After a steep drop in November and slow movement in December, BTC is now finding short-term support around the $86,000–$87,000 range.

If Bitcoin manages to climb above $88,000 and hold that level, it might push toward $90,000 or even $92,000. But if it drops below $86,000, the next support levels are around $84,000 and then $82,000.

Ethereum is also facing choppy trading. It’s currently priced near $2,921 and has been stuck in a narrow range over the past week. Traders are watching the key $3,000 mark closely. A move above this could trigger a rally toward $3,150. On the downside, ETH could fall back to $2,800 or even lower to $2,700 if selling pressure increases.

Market sentiment remains cautious overall. The Crypto Fear and Greed Index is sitting at 28—firmly in “fear” territory. That’s only slightly higher than yesterday’s reading of 27 and still far from showing investor confidence.

In ETF news, U.S.-based spot Bitcoin ETFs saw net outflows of $175.29 million on December 24. BlackRock’s IBIT led the way with $91.37 million leaving the fund. Grayscale’s GBTC lost $24.62 million and Fidelity’s FBTC saw outflows of $17.17 million. Bitwise (BITB) and ARK 21Shares (ARKB) also reported smaller losses.

Spot Ethereum ETFs also had a tough day on December 24, with a total net outflow of $52.7 million. Grayscale’s ETHE had the largest outflow at $33.78 million, followed by BlackRock’s ETHA with $22.25 million exiting the fund. Interestingly, Grayscale’s ETH trust saw a small inflow of $3.33 million—the only one to attract new investment during that session.

Overall trading volume across U.S.-listed Ethereum ETFs hit $689.44 million, while total assets held in these funds stood at $17.86 billion—about 5% of ETH’s total market cap.

Looking ahead globally, Russia is preparing for regulated crypto trading by mid-2026. Both the Moscow Exchange and St. Petersburg Exchange have confirmed they’re ready to launch crypto services once the country’s legal framework is finalized. The Bank of Russia has set July 1, 2026, as the target date for implementing full cryptocurrency legislation across the nation.

In summary, while crypto prices are seeing some stability today, investor sentiment remains cautious with ETF outflows and tight trading ranges dominating activity. Traders continue watching macroeconomic trends closely as they weigh what comes next for Bitcoin, Ethereum, and the broader market.