Crypto Market Takes a Pause: Bitcoin and Ethereum Hold Steady

The crypto world is taking a breather. Bitcoin and Ethereum are trading in a tight range. Bitcoin is stuck between $86, 000 and $88, 450. Ethereum is hovering around $3, 000 but can't break through. Trading volume is down 11% in the last 24 hours. Bitcoin's share of the market is slipping. It's now below 58%. Ethereum's market share is also down to 11. 8%. Meanwhile, stocks are on a roll. The Dow, S&P 500, and Nasdaq are all up. Investors are hopeful for a rate cut in December. The crypto market is feeling the heat. Over $300 million in crypto positions were wiped out in the last 24 hours. Bitcoin's open interest is also down by 0. 51%. The overall market cap is at $3. 01 trillion, down 0. 41% from yesterday. The mood in the crypto world is cautious. The Crypto Fear & Greed Index shows "Extreme Fear. " Analysts don't see an altcoin season happening soon. They think it might not start until early 2026. The reason? Liquidity is low, and capital is sitting idle. Some analysts are warning of a potential drop in Bitcoin's price. Michaël van de Poppe sees $85, 500 as a key support level. If Bitcoin falls below this, it could drop to $80, 800-$82, 000. Ali Martinez spotted a bearish flag pattern. This could mean a drop to $79, 000.