As the new week unfolds, Bitcoin 
$77,420 finds itself striving to maintain the $90,000 mark, fueled by hopes of a potential Christmas rally. Despite a promising outlook, historical data suggests caution as past patterns are not guaranteed to repeat. But as the U.S. markets prepare to open, what is the current state of play in cryptocurrencies?
U.S. Market Overview
The Nasdaq 100 futures are on the move with a revived interest in tech stocks. Before market opening, there’s optimism that the December losses could be recuperated. Gold, silver, and copper are poised to end the year on a high note, reaching record levels. Spot gold surged over 1.6%, surpassing the previous high in October, and silver and copper are following similar paths. Platinum is also continuing its seven-session rise.
In pre-market trading, Oracle and Micron saw over 2% increases, marking a strong position for the top 7 tech companies. Technology and mining stocks are performing well in Europe, while in South Korea, stocks reflecting artificial intelligence demand are on the rise, sending positive signals for appetite towards risk.
The U.S. decision to extend sanctions on Venezuela has pushed oil prices higher due to geopolitical risks. President Trump recognizes the role of gasoline prices in inflation and faces a choice between escalating tensions or curbing inflation.
Cryptocurrency Expectations
The rebound in stocks is likely to assist U.S. market buyers as they open. At the time of writing, the U.S. market was moments away from opening. Trump, alongside U.S. Secretary of State Hegseth and Phelan, is expected to make a statement at 00:30. This announcement emerges amidst heightened tensions, potentially impacting risk appetites negatively.
BTC is attempting to reclaim the support of a bearish flag with its latest surge. Historically, this has been a challenging area, leading to numerous rejections and days of closing below it. Should the support hold, the price could climb up to $96,000 in the coming days. Meanwhile, the majority of altcoins are excessively oversold, wearing down investors.
With numerous challenges on the horizon in January, it wouldn’t be surprising if major players, aiming at liquidity above, push BTC to $96,000. This week is set to be full of surprises, culminating in the largest option expiry of the year on Friday.
