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Crypto markets saw a 0.94% rise in the last 24 hours, contributing to a 3.51% increase for the week. Bitcoin surged 1.49% to reach $88,678, moving closer to the $90,000 mark. The bullish trend was driven by a favorable technical setup, with anticipation building ahead of today’s expiry event. Ethereum (ETH) hovered near $2,900, while other major cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE) also experienced modest gains during the surge.
Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
Updated
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Highlights
- Bitcoin nears $90,000, driven by bullish setup ahead of expiry event.
- Ethereum stabilizes above $2,900, with $3K breakout in focus.
- XRP shows recovery signs, targeting $2 breakout with momentum shift.
Top Performers in the Crypto Market
Canton (CC) was the highest performing stock in the last 24 hours, registering an 18.90% growth, and traded at $0.107. Zcash (ZEC) surged 10.14% to reach $447.50.
Dash (DASH) was another stock that succeeded, rising 9.03% to $39.64, Lido DAO (LDO) increased 7.86 percent, and Jupiter (JUP) went up by 7.84 %to 0.2002.
Bitcoin Price Holds 87,400 as Traders Eye Friday’s Options Expiry
Bitcoin price climbed 0.9% over the last 24 hours, extending its weekly gain to 0.68%. The wider crypto market experienced a short-term upward trend, although the bullish trend is still weak.
A significant expiry event is now on the radar of traders on this Friday and will include 24 billion in Bitcoin options and 6 billion in Ethereum contracts.
In case Ethereum recovers the level at $3,000, the price can increase to reach $3,500. Nevertheless, the price might fall below the level of $2,900 due to the pressure to sell more, which will restore bearish sentiment. The volatility in the market is bound to increase towards the expiry date.
ETH Holds $2,900 as Bulls Eye $3K Breakout This Week
Ethereum price is stabilizing above the $2,900 level after a recent market rebound. The wider crypto market experienced a short-term upward trend, although the bullish trend is still weak.
A significant expiry event is now on the radar of traders on this Friday and will include 24 billion in Bitcoin options and 6 billion in Ethereum contracts.
In case Ethereum recovers the level at $3,000, the price can increase to reach $3,500. Nevertheless, the price might fall below the level of $2,900 due to the pressure to sell more, which will restore bearish sentiment. The volatility in the market is bound to increase towards the expiry date.
XRP Price Rebounds Toward $2 Breakout
XRP price is showing signs of a potential recovery after a steep 30-day decline of 14%. In the last 24 hrs, XRP increased by 0.6% and is now trading at $1.86.
The rebound is based on a strong position above the $1.6963 support level, where a triple bottom has been created. This is a structure that usually has a reversal of the trend.
$XRP Update
Patience is key here. Price is holding just above the $1.85 critical support.
A strong bounce and a reclaim of $1.98 would signal a momentum shift.
If that level breaks, the first upside target is Resistance 1 at $2.58, with room toward $3.66 next. pic.twitter.com/Fg7cfig93r
— Crypto King (@CryptoKing4Ever) December 24, 2025
The price has also pierced through a channel of a downtrend, meaning there could have been a shift to the bullish. The change in momentum would be confirmed by a prolonged regaining of the $2 mark.
Should be successful, bulls will target the first levels of $2.50, and then a possible push toward at least $3 in the next few sessions.
What’s Next For Crypto Market?
Overall, the crypto market is approaching a crucial phase as bulls attempt to regain control. Key resistance levels remain in focus.
The significant volatility may be precipitated by the major expiry of options on Friday.
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Frequently Asked Questions (FAQs)
1. What caused the crypto market to rebound on Christmas Day?
The market gained 0.67% due to renewed buying interest and improved investor sentiment during the holiday period.
2. Why is the Santa Rally important for crypto investors?
The Santa Rally reflects end-of-year optimism, which could trigger broader upside momentum across major cryptocurrencies.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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