Key Notes
- The crypto market cap rose by 0.9% to $2.96 trillion on Christmas Day.
- Ethereum recorded a CEX outflow of over 605,000 ETH in just 30 days.
- BTC and ETH-related investment products continue their outflows.
The cryptocurrency market continues to surprise investors with mixed price movements, strong Ethereum
ETH
$2 928
24h volatility:
0.2%
Market cap:
$353.13 B
Vol. 24h:
$12.30 B
accumulation, and consecutive outflows from crypto-related exchange-traded funds.
The global crypto market cap rose by 0.9% in the past 24 hours to $2.96 trillion, while the daily trading volume decreased by 32% to $67 billion, according to data from CoinMarketCap.
This time, however, the price hike isn’t coming from leading digital assets. The CMC20 index, which tracks the combined price change of the top 20 cryptocurrencies, rose by just 0.27%. This indicates that smaller altcoins recorded stronger gains than the largest ones.
For instance, Bitcoin
BTC
$87 469
24h volatility:
0.8%
Market cap:
$1.75 T
Vol. 24h:
$24.89 B
gained 0.8% to $87,700, and ETH has been consolidating close to $2,940.
According to a Coinspeaker report, VanEck, a global investment management firm, expects 2026 to be a “consolidation year” for Bitcoin, which would also mean lower price volatility.
Bears vs. Bulls
Mixed movements and expectations continue to dominate the price charts and social feeds.
Ethereum’s consolidation below $3,000 comes while the asset sees impressive accumulation. According to data from CoinGlass, centralized crypto exchanges recorded a net outflow of 43,800 ETH, roughly $128.8 million, in the past 24 hours.
The monthly Ethereum outflow from CEXs reached 605,370 ETH, worth just under $1.8 billion, over the last 30 days.
In the meantime, US-based ETH ETFs recorded another $52.8 million in net outflows in the past 24 hours, according to data from Farside. Bitcoin-based investment products also saw their fifth consecutive outflow, worth $175.3 million.
Some analysts have pointed out a sharp decline in BTC whale and shark wallets, a bearish pattern similar to late 2021.
On the other hand, Anthony Pompliano, a prominent Bitcoin investor and analyst, believes that the bearish year-end Bitcoin performance doesn’t mean the asset would see a bearish Q1 in 2026.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
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Source: https://www.coinspeaker.com/small-cap-altcoins-surge-ethereum-accumulation/