Crypto Market Sees Slight Gains Amid Bear Market Signals and ETF Outflows on January 2, 2026
The total cryptocurrency market capitalization rose about 1.4% in the last 24 hours to roughly $3.1 trillion, with 24-hour trading volume near $70.6 billion. Bitcoin is trading around $88,960, up about 1.5%, while Ethereum is around $3,024, up about 1.6% in the past 24 hours. Several top altcoins posted gains, including Pepe, Monad, and Holoworld delivering double-digit increases, and Dogecoin gaining more than 8% to approximately $0.128.
Despite recent increases, CryptoQuant's Julio Moreno indicated that Bitcoin may be two months into a bear market. Bear-market signals have persisted since early November, with key near-term support and resistance levels around $88,000 and $92,000 respectively. Ethereum faces a critical pivot zone between $3,000 and $3,050, with potential movements toward $3,200 and $3,400; downside risk remains toward $2,800 to $2,700 if momentum weakens.
Crypto fear and greed sentiment remains cautious at 34, which is in the fear zone. This reflects an increase from 27 last week but is still far from neutral.
Regarding US spot ETFs, there was no data for January 1 due to market closure. On December 31, US Bitcoin spot ETFs posted net outflows of $348.1 million, led by BlackRock's IBIT at $99.05 million outflows. Cumulative inflows across US Bitcoin spot ETFs reached $56.61 billion, with assets totaling $113.29 billion—approximately 6.47% of Bitcoin's market capitalization. US Ethereum spot ETFs had net outflows of $72.06 million on the same day, led by ETHA at $21.51 million outflows. Cumulative inflows for Ethereum spot ETFs stood at $12.33 billion, with assets of $17.95 billion, about 5% of Ethereum's market cap.
Additionally, December 2025 saw a 60% month-on-month decline in crypto-related losses from hacks, totaling around $76 million.
