While everyone is in holiday mode, Bitcoin continues to close below the $88,000 support level. At the time of writing, the US market opening is approximately 2 hours away and weakness is increasing in futures. We will not see any major data releases today and it is expected to be a relatively quiet day.
Latest Situation in Markets
As 2025 comes to an end, investors reduced their risks. this situation in cryptocurrencies It was much more pronounced and we have seen huge outflows, especially in altcoins, for over 2 months. Technology giants continue to influence the US stock index. Silver started its delayed recovery after breaking its last record, and precious metals were affected by this.
S&P 500 futures are in the red. Tesla and Nvidia lost more than 1% in premarket trading. While 2 giants of the 7 largest technology companies write losses, Nasdaq 100 futures continue the day with a decrease of 0.4%.
Ukrainian peace talks have failed again. Putin and Trump’s The fact that negotiations have still not been able to break the deadlock after the last face-to-face meeting indicates the continuation of regional tension.
Silver, which reached $80 faster than expected due to supply shortage and speculative transactions, continues the day at $75 with a loss of more than 5%. Gold is down 1% and copper is at $13,000 per tonne. Venezuela tensions are still fresh and the US bombardment in Nigeria points to the temporary nature of the correction experienced by precious metals. As silver stocks approach record lows, speculative movements in silver are likely to continue in the new year.
Chinese Oil recovered somewhat as it announced it would support economic growth in 2026. The oil decline, which has been going on for more than 2 years, is still not completely over and this is supportive for the fight against inflation.
Latest Situation in Cryptocurrencies
In the last 6 business days BTC ETFs saw stable net outflows. Friday’s outflows reached the highest level since December 16, at $275 million. Ethereum ETFs also continue selling. Friday saw a net outflow of close to $39 million, and the spot price is below $3,000. The total market value of cryptocurrencies is stalling below the $3 trillion psychological support.
Although BEAT is the asset with the most gains among the top 100 cryptocurrencies, most altcoins are in losses. Moreover, BEAT recorded a loss of 35% on the weekly basis. The fear index is at 30 level, the key area we will watch for BTC today is 86 thousand dollars. If closings begin below, we may see a new bottom reaching $80,500.
