[LIVE] Crypto News Today, December 17 – Bitcoin Price Holds $86K as Extreme Fear Deepens Into Holiday Season: Best Crypto to Buy During The Dip?
The crypto market opens December 17 under caution, with Bitcoin Bitcoin 0.09% hovering near $86,000 and traders viewing the latest bounce with suspicion. A retest toward $80K isn’t off the table, especially as market liquidity thins into the holidays and confidence remains muted around the $3 trillion market cap level. In contrast, Monero Monero 4.14% has been gaining attention after entering a steady weekly uptrend. Now trading near $430, over 135% higher since the start of 2025, XMR is increasingly highlighted by traders as one of the best crypto to buy in the current environment.
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With Bitcoin repeatedly probing the $85,000 area and momentum fading, analysts warn of potential downside if key support breaks. Thinner holiday liquidity may amplify price swings in the coming days, keeping traders on edge.
For now, bulls and bears are divided, with some calling for the beginning of a bear market and others viewing this as a strong correction before a possible next leg higher. The next couple of weeks may be characterized by high volatility.
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Crypto markets remain in extreme fear territory with liquidity drying up and traders de-risking ahead of key macro events (jobs data, central bank signals).
Liquidity squeeze and thin year-end volumes have deepened declines and widened spreads across exchanges.
Investor sentiment indices show deep fear — historically this can precede market bottoms but also reflects heightened downside risk now. #invest #investfear #InvestSmartly #Investing" #CPIWatch $BTC $SOL $XRP
The UK’s Financial Conduct Authority (FCA) launched a public consultation on comprehensive crypto regulation, covering listings, anti-manipulation rules, platform standards, and risk transparency — a major development for global crypto policy.
Grayscale analysts still forecast that Bitcoin could reach a new all-time high in the first half of 2026, despite current bearish conditions. $BTC #BTC2026 #btc70k #BTC #BTC🔥🔥🔥🔥🔥 #BTC70K✈️