Table of Contents
- Bitcoin and Ethereum Market Overview
- Resistance Levels and Macro Data Impact
- Altcoin Performance
- Expert Analysis and Comments
- Macro Forces Shaping the Market
- Market Outlook
Bitcoin and Ethereum Market Overview
Bitcoin traded slightly higher on Monday as the cryptocurrency market continued to consolidate amidst dense liquidity and a lack of decisive macro triggers. The world’s largest cryptocurrency was priced around $89,100 (roughly Rs. 79.8 lakh), hovering just below the key $90,000 (roughly Rs. 80.6 lakh) resistance level. Ethereum (ETH) remained above the psychologically important $3,000 (roughly Rs. 2.72 lakh) mark, lending some stability to broader market sentiment.
Price action remains tactical rather than trend-driven, with traders awaiting clearer confirmation before committing to directional trades. According to Gadgets 360 trackers, Bitcoin trades near Rs. 79.83 lakh in India, while Ethereum trades around Rs. 2.72 lakh.
Resistance Levels and Macro Data Impact
Market sentiment remains cautious as traders digest mixed global signals. Persistent uncertainty around interest-rate projections, decreased volatility, and irregular ETF flows are restricting risk appetite. Expectations of a potential year-end rally are contributing to slightly optimistic positioning, yet analysts warn that Bitcoin requires a sustained move above the $90,000 zone to unlock significant upside.
Traders are closely watching upcoming US GDP and jobless claims data, which could serve as near-term catalysts. Key support levels also remain under observation, particularly around the $86,000–$87,000 range (roughly Rs. 77.02 lakh–Rs. 77.91 lakh).
Altcoin Performance
Altcoins mirrored the broader consolidation, with gains being uneven. Notable prices include:
- Binance Coin (BNB): $859.90 (roughly Rs. 77,000)
- Solana (SOL): $126.28 (roughly Rs. 11,300)
- XRP: $1.92 (roughly Rs. 172)
- Dogecoin (DOGE): $0.13 (roughly Rs. 11.8)
Traders are adopting a selective approach, focusing on pockets of strength rather than broad market rotations.
Expert Analysis and Comments
Vikram Subburaj, CEO of Giottus, commented on Bitcoin’s near-term strategy: “Dense liquidity around this level is turning it into a trading resistance, with buyers waiting for confirmation and sellers using strength to hedge. Altcoins reflect this caution, with strength appearing only in pockets. Treat this as a consolidation phase. Avoid chasing moves near $90,000 and watch the $86,000–$87,000 support zone closely. Add exposure only if Bitcoin sustains a break above $92,000 with improving volumes.”
Akshat Siddhant, Lead Quant Analyst at Mudrex, noted: “Bitcoin is trading steadily near $89,000 as positioning turns more optimistic, with traders increasingly pricing in a year-end rally. Ethereum holding firm above $3,000 adds to the constructive tone across the market.”
Macro Forces Shaping the Market
Nischal Shetty, Founder of WazirX, explained that global macro factors are driving crypto markets: “Over the past 24 hours, crypto markets have been driven primarily by global macro signals rather than crypto-specific developments. Expectations around US monetary policy remain the key driver. As inflation cools and labour data shows early signs of softening, markets are increasingly pricing in future rate cuts. What matters most is how these signals influence central bank decisions.”
Market Outlook
Analysts suggest that the cryptocurrency market is still in a consolidation phase, with Bitcoin and Ethereum serving as anchors amid macro-driven positioning and compressed volatility. A sustained breakout is likely to depend on clearer economic data, improved liquidity, and confirmation above key resistance levels. Until then, markets are expected to remain selective, with altcoins trailing unless liquidity improves materially.
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By Rahul Dhingra — Updated December 22, 2025
