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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Crypto – European Wrap 27 December

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Crypto – European Wrap 27 December
FXStreet TeamFXStreet TeamFXStreet

$18 billion in Bitcoin and Ethereum options expire today: Market braces for big moves

A record-breaking $18 billion in Bitcoin and Ethereum options expire today, sparking anticipation of sharp market moves and potential volatility.

Today marks a historic moment for the cryptocurrency market, with $18 billion worth of Bitcoin and Ethereum options contracts set to expire, the largest expiry ever recorded. This development could lead to unexpected volatility and significant opportunities for traders and investors.

Bitcoin Price Forecast: BTC misses Santa rally even as on-chain metrics show signs of price recovery

Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day. 

BTC’s on-chain metrics offer hope for recovery as they show increased buying pressure on centralized exchange platforms. Experts consider capital inflow to Bitcoin spot Exchange Traded Funds (ETFs) a key driver of the token’s 2024 price rally. Institutional investors' interest in Bitcoin returned on Thursday after days of net outflows from ETFs. 

BTCUSD

Crypto.com launches US trust company for digital asset custody

Crypto.com launches a US trust company to offer digital asset custody services, marking a major step in its North American expansion strategy.

Crypto.com has announced the establishment of a new US-based trust company to offer custody services for digital assets. This development marks an important milestone in the company’s expansion within North America, particularly targeting high-net-worth individuals and institutional clients in the United States and Canada.

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XRP edges lower despite record on-chain activity and steady ETF inflows

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.