Crypto Weekly (Dec 23 - Dec 29): Lackluster Market at Year-End

Table of Contents

1. Crypto Market Overview: Last Week

In the final days of the year, particularly during the Christmas season, the crypto market remained quiet, with Bitcoin showing minimal fluctuations. From December 23 to December 29, Bitcoin’s price moved within a narrow range of 92,400 to 100,000. The primary reason for this stagnation is attributed to the end-of-year period, often marked by profit-taking, “cash-outs,” and a focus on rest and holidays. Therefore, Bitcoin’s limited movement was anticipated.

The sideways movement of Bitcoin also significantly impacted altcoins. Leading coins in the market showed little volatility, with most maintaining a sideways trend or experiencing slight declines.

Top 10 Gainers of the Week

Top 10 Losers of the Week

Notable News

2. Crypto Market Outlook: This Week

Token Unlock Schedule

This week, the market faces a series of significant token unlock events, with a total value of $420 million from several notable projects:

$SUI (2.2%) – $267.7M
$OP (2.3%) – $58.6M
$ZETA (9.4%) – $32.2M
$AI (17.9%) – $14.7M
$DYDX (1.2%) – $13.0M
$ENA (0.4%) – $12.0M

Macroeconomic Events to Watch

Key economic events at the beginning of 2025 that investors should keep an eye on:

Thursday, January 1, 2025 – 13:30: Initial Jobless Claims report.
Friday, January 3, 2025 – 15:30: ISM Manufacturing PMI Index report.

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