Popular Analyst Predicts $37,500 Market Bottom For Bitcoin In 2026

Benzinga and Yahoo Finance LLC may earn commission or revenue from certain programs through the links below.

Major cryptocurrencies consolidated while stocks rose on Monday as investors looked for clues about a “Santa Claus rally.”

cryptocurrency

Gain +/-

Price (recorded at 8:20 p.m. ET)

Bitcoin (Cryptocurrency: BTC)

-0.51%

$88,552.83

Ethereum (Cryptocurrency: ETH)

-0.51%

$3,019.10

Ripple (Cryptocurrency: XRP)

-1.41%

$1.90

Solana (Cryptocurrency: SOL)

-0.37%

$126.34

Dogecoin (Cryptocurrency: DOGE)

+0.38%

$0.1327

Bitcoin It once exceeded $90,000, but failed to hold on to gains and fell back to around $88,000. The trading volume of the top cryptocurrency surged 61% in the past 24 hours, reaching $36 billion.

Ethereum The price fell near $3,000, while trading volume surged 52%.

Don’t miss:

As of this writing, Bitcoin holds 59% of the market share, while Ethereum dominates at over 12%.

See also  Dorgu stars for Man United in 2-1 loss to Aston Villa

Cryptocurrency-related stocks strategy firm (NASDAQ: MSTR) and Bitmine Immersion Technologies Inc. (NASDAQ: COIN ) ended the regular trading session down 0.30% and 0.86%, respectively.

According to data from Coinglass, the cryptocurrency market has liquidated more than $200 million in the past 24 hours, with nearly $130 million cleared in long-term liquidations.

Bitcoin open interest rose 1.04% in the past 24 hours. At the same time, more than 66% Binance Based on the long-short ratio, traders with BTC positions hold a long position.

According to the Crypto Fear and Greed Index, “extreme fear” prevails in the market.

Biggest riser (24 hours)

Cryptocurrency (market cap >$100 million)

Gain +/-

Price (recorded at 8:20 p.m. ET)

humanitarian agreement (H)

+42.63%

$0.2061

river (river)

+14.84%

$5.40

Areo (Areo)

+13.28%

$0.1615

The global cryptocurrency market capitalization reached $3 trillion after a slight decline of 0.48% in the past 24 hours.

Popular: Buffett’s secret to wealth? Private Real Estate – Obtain Institutional Admission on Your Own

See also  This Sleep Position Is So Bad For Your Body That Medical Professionals Want You To Stop Doing It ASAP

Stocks had a strong day in a holiday-shortened week. this Dow Jones Industrial Average It rose 227.79 points, or 0.47%, to close at 48,362.68 points. this S&P 500 Index rose 0.64% to close at 6,878.49 points, while stocks dominated by technology stocks Nasdaq Composite Index It closed up 0.52% at 23,428.83 points.

Investors are closely watching to see if the “Santa Claus rally” – a trend in which stock prices rise during the last five trading days of December and the first two trading days of January – will become a reality.

Ali MartinezA widely followed cryptocurrency analyst and trader predicts that Bitcoin’s next market bottom will reach $37,500 in approximately 288 days, around October 2026.

See Also: Americans with a Financial Plan Can 4X Increase Their Wealth — Get Your Personalized Plan from a CFP Professional

Blockchain analytics firm CryptoQuant said Bitcoin’s network activity mirrored the 2018 bear market, with fewer active addresses, lower transaction volume and lower fees.

“Historically, when highly active addresses decline, this signals a retreat by traders and institutions, reinforcing the transition to a quiet accumulation phase before future volatility,” the firm added.

Image source: Shutterstock/Sodel Vladyslav

Read next: 7 million gamers already trust Gameflip and its digital assets— Now you can own a stake in the platform

This article “Bitcoin, Ethereum, Dogecoin trade flat, while XRP slides: Top analysts predict Bitcoin market bottom at $37,500 in 2026” was originally published on Benzinga.com

See also  Is Nancy Guthrie found? Tears and yellow flowers bloom at her house

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *