Crypto Week Ahead: Bitcoin Sets Much-Awaited ATH Of $100,000. Cooldown Expected For Now

Crypto Week Ahead: Over the past seven days, Bitcoin (BTC) price achieved a high of $103,399.72.

Bitcoin (BTC) had a stupendous week, passing the much-awaited $100k mark by riding the ‘Trump Bump’. Most other coins, including the likes of Ethereum (ETH), also saw a major boom of over $4,000. For now, BTC is expected to cool down a bit before an expected year-end rally. At the time of writing, Bitcoin price stood at $99,000. A major sell-off from investors could be on the horizon. So, now is the time to wait and see how BTC bulls plan to end the year - on a high or on a low. 

has been managing surprisingly well to hold on to its bull run, gaining over $26,000 in November - its biggest monthly gain of late. Now, as a result, several altcoins such as Solana and Ripple are also reaping benefits as investors are warming up to more tokens in the market. While the $100k mark is yet to become a reality, it can be expected that the so-called ‘Trump Bump’ could continue until Donald Trump takes oath as the US President in January 2025. 

Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future. 

This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls. 

Crypto Prices Over The Past Week

Last Monday (December 1), the overall crypto market cap stood at $3.45 trillion. BTC price stood at around $96,500. ETH price stood at around $3,600.

A week later, the overall market cap rose to a whopping $3.64 trillion.

DeFi's total volume stands at $16.18 billion, at 9.87 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $151.7 billion, at 92.55 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Extreme Greed’ with 83 points (out of 100).

BTC dominance, at the time of writing, stood at 54.10 percent.

Over the past seven days, Bitcoin achieved a high of $103,399.72 (on December 5) and a low of $93,913.29 (December 3).

Ethereum, on the other hand, saw a high of $4,015.67 (December 9) and a low of $3,894.07 (December 9).

Crypto Events To Note

Bitcoin's surge toward the highly anticipated $100,000 mark has been accompanied by substantial sell-offs from long-term holders, raising concerns among analysts about a possible market peak. Some warn this trend could lead to a bearish reversal if buying momentum begins to fade, leaving traders unprepared for a downturn.

Recent data reveals that since November 8, wallets holding Bitcoin for over 155 days have offloaded approximately 827,783 BTC. At Bitcoin's current price of $99,200, these sales translate to a staggering $82.6 billion in value.

Additionally, the cryptocurrency market is abuzz with speculation about Ethereum's next major move, as analysts suggest its price is undergoing significant "structural changes." Some experts believe the digital asset could retest its record high within the coming week.

Ryan Adams, host of the popular Bankless podcast, hinted at this possibility in a Dec. 9 post on X (formerly Twitter). He noted that a new all-time high for Ether could be on the cards soon. Ethereum's existing peak stands at $4,878, a milestone it reached in November 2021.

Lastly, a recent warning from Cado Security Labs highlights a malicious campaign aimed at Web3 workers, involving counterfeit meeting applications designed to inject malware and steal sensitive credentials.

According to a December 6 report by Tara Gould, Cado's lead threat researcher, the attackers are leveraging artificial intelligence to craft convincing websites and social media profiles. These efforts make their fake organisations appear genuine, luring unsuspecting victims into downloading the malicious meeting applications.

The stolen credentials could grant scammers access to websites, apps, and cryptocurrency wallets, posing significant risks to individuals and organisations in the Web3 space.

What Crypto Traders Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, "Last week was a dream run for the crypto community with Bitcoin crossing $100,000, Ethereum reaching $4,000, and pro-crypto leaders being appointed to key roles, including the SEC Chair and AI and Crypto Czar setting the stage for friendlier crypto regulations. After this historic week, the markets might take a breather this week, building momentum for a Christmas rally. As BTC stabilises at the $100k mark, we might see action in some altcoins with the Altcoin Index standing strong at 80.”

Thangapandi Durai, CEO and Founder, Koinpark, said, “Bitcoin’s breakthrough past $100,000 on December 5 seems like a huge green forest on the chart, fueled by a combination of pro-crypto regulatory developments and growing institutional support. President-elect Donald Trump’s appointment of Paul Atkins as SEC chair signals a very promising regulatory environment, while President Putin’s positive stance on digital assets further boosts market confidence. He also added that Bitcoin’s 45% rise since the election, followed by a brief correction, reflects the dynamic nature of the crypto market, where hype and corrections coexist. The recent trading volumes and the market cap nearing $2 trillion highlight Bitcoin’s increasing acceptance not just among retail investors but also large institutions. This is a highly rewarding time for Bitcoin HODLers and the entire cryptocurrency ecosystem. As per industry discussions and technical analysts' predictions, there is a high possibility of Bitcoin reaching $200,000 by 2025. Therefore, the trajectory of Bitcoin may go up or down, but one thing is for sure: Bitcoin will maintain its position.”

Subscribe And Follow ABP Live On Telegram: t.me/officialabplive

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.