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Cryptocurrency markets are trading lower on Thursday as President-elect Donald Trump rang the bell at the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42466189/trump-talks-stocks-bitcoin-ai-economy-with-jim-cramer-youre-going-to-see-some-very-good-days-ahead">New York Stock Exchange</a>.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin BTC/USD</td><td>$99,666.97</td><td>-1.7%</td></tr><tr><td>Ethereum ETH/USD</td><td>$3,882.77</td><td>+1.8%</td></tr><tr><td>Solana SOL/USD</td><td>$228.16</td><td>-0.9%</td></tr><tr><td>XRP XRP/USD</td><td>$2.36</td><td>-3.2%</td></tr><tr><td>Dogecoin DOGE/USD</td><td>$0.404</td><td>-3.2%</td></tr><tr><td>Shiba Inu SHIB/USD</td><td>$0.00002804</td><td>-4%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses falling by 11.9%. Transactions greater than $100,000 remained relatively flat while exchanges netflows are up by 308.9%.</li>



<li>Coinglass data reports 100,126 traders were liquidated in the past 24 hours for $290.48 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42463001/blackrock-advocates-for-2-bitcoin-allocation-in-multi-asset-portfolios">BlackRock Advocates For 2% Bitcoin Allocation In Multi-Asset Portfolios</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457605/exclusive-experts-share-their-top-crypto-predictions-for-2025">EXCLUSIVE: Experts Share Their Top Crypto Predictions For 2025</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42470280/waterfall-network-raises-116-million-to-enhance-blockchain-scalability-and-decentralization">Waterfall Network Raises $11.6 Million To Enhance Blockchain Scalability And Decentralization</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42453467/japanese-crypto-behemoth-coincheck-enters-wall-street-with-nasdaq-listing">Japan&#8217;s Coincheck Crypto Exchange Enters Wall Street With Nasdaq Listing</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42469967/elon-musk-vivek-ramaswamy-slam-sec-just-another-weaponized-institution">Elon Musk, Vivek Ramaswamy Slam SEC: &#8216;Just Another Weaponized Institution&#8217;</a></li>
</ul>



Top Gainers:



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Aave AAVE/USD</td><td>&nbsp;$359.71</td><td>+23.9%</td></tr><tr><td>Lido DAO LDO/USD</td><td>&nbsp;$2.27</td><td>+20%</td></tr><tr><td>Chainlink LINK/USD</td><td>&nbsp;$26.98</td><td>+12.9%</td></tr></tbody></table></figure>



Trader Notes: With Bitcoin prices breaking the $100,000 mark, crypto trader Jelle sees a potential drop back to $97,000 from here. He added that this could be for scaring traders and then a "real breakout."



Jelle is expecting a "true breakout before Christmas &#8212; 2025 is going to be a crazy ride."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Would be classic <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> to drop back to $97,000 from here &#8211; make everyone scared as shit &amp; then pump back for the real breakout &#39;muh dead cat bounce! &#x1f972;&#39; <a href="https://t.co/V22GRQqWbX">pic.twitter.com/V22GRQqWbX</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1867286481771147686?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1867231557347389451">sees</a> Bitcoin trading well above the $67,559 level, indicating a bullish setup. 



The next target is $116,652, representing a potential 15% move higher. A breakout above this level could pave the way for further gains, with more than $165,000 as the subsequent target.



Crypto trader Nic <a href="https://x.com/nicrypto/status/1867253140673696154">predicts</a> an "explosive BTC price action" as the 20-day Bollinger band bandwidth is at its lowest level in months. He advises, "Keep an eye out for an upside breakout above the upper band."



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/news/events/24/12/42467627/how-bitcoin-etfs-are-changing-the-way-institutions-manage-risk-according-to-experts">How Bitcoin ETFs Are Changing The Way Institutions Manage Risk According To Experts</a></li>
</ul>



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Bitcoin, XRP, Dogecoin Move Down, Ethereum The Best Of The Bunch: 'Expecting True Breakout Before Christmas,' Announces Trader 

Khyathi Dalal

Cryptocurrency markets are trading lower on Thursday as President-elect Donald Trump rang the bell at the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42466189/trump-talks-stocks-bitcoin-ai-economy-with-jim-cramer-youre-going-to-see-some-very-good-days-ahead">New York Stock Exchange</a>.

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Bitcoin, XRP, Dogecoin Move Down, Ethereum The Best Of The Bunch: 'Expecting True Breakout Before Christmas,' Announces Trader

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