The cryptocurrency market showed little movement on Christmas Day, with prices largely stable as trading activity slowed during the holiday period.
On December 25, the global crypto market capitalisation stood at about $2.95 trillion, up 0.21% over the past 24 hours. Volumes were lower than usual, reflecting reduced participation as many investors stayed away from the markets.
Bitcoin, the world’s largest cryptocurrency, traded mostly between $87,000 and $88,000, showing almost no change on the day. Earlier, there was a brief drop to around $24,000 on Binance’s USD1 trading pair due to a liquidity glitch, which was quickly corrected, with no wider impact on the market.
Ethereum was also steady, trading close to $2,930, down about 0.5% over the past 24 hours. Analysts said the small pullback may reflect limited profit-taking and some rotation into alternative cryptocurrencies.
Other major digital assets also recorded modest losses. Solana fell 0.4%, Cardano dropped 1.4%, and Polkadot slipped just under 1%, pointing to mild caution among investors.
Market sentiment was further influenced by data from December 24 showing notable outflows from spot Bitcoin and Ethereum ETFs, suggesting some investors reduced risk exposure ahead of the holiday period.
Overall, analysts described the session as typical for Christmas trading, with low volatility and limited price action. Market participants are now watching for potential changes once normal liquidity returns after the holidays.
