Cryptocurrency markets are trading lower on Thursday as President-elect Donald Trump rang the bell at the New York Stock Exchange.

Notable Statistics:

• 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%.
• Coinglass data reports 100,126 traders were liquidated in the past 24 hours for $290.48 million.

Notable Developments:

• BlackRock Advocates For 2% Bitcoin Allocation In Multi-Asset Portfolios
• EXCLUSIVE: Experts Share Their Top Crypto Predictions For 2025
• Waterfall Network Raises $11.6 Million To Enhance Blockchain Scalability And Decentralization
• Japan’s Coincheck Crypto Exchange Enters Wall Street With Nasdaq Listing
• Elon Musk, Vivek Ramaswamy Slam SEC: ‘Just Another Weaponized Institution’

Top Gainers:

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 — 2025 is going to be a crazy ride.”

Crypto trader Javon Marks sees 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 predicts 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: 

• How Bitcoin ETFs Are Changing The Way Institutions Manage Risk According To Experts

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