Over the past 24 hours, Bitcoin (BTC) 
$77,420 has dropped to $92,520, reaching a new low, and is currently hovering around the $95,000 mark. Altcoin traders have not yet seen the anticipated upward movement, and BTC’s declines have further postponed expectations. With Trump’s official start just weeks away, investors remain hopeful for January. What are the short-term expectations for cryptocurrencies?
Is the Cryptocurrency Decline Over?
Funding rates fell to levels that worried investors in December. Over-leveraged markets are stabilizing after significant liquidations. Observing the normalization of funding rates without massive losses has encouraged traders waiting for a new wave of increases.
Daan Crypto Trades shared an assessment today, presenting the current situation and expectations as follows:
“Funding rates peaked in early December and have seen a healthy reset. This generally indicates a healthy condition, as it suggests that sudden market bubbles have been cleared.
However, this does not mean that the market will instantly rise, as clearly seen over the past week or two. Spot bids will eventually have to push coins higher. When this occurs, a solid base should be established at the low point. It will take some time for the market to overheat again.”
According to this, at least the portion of the decline triggered by futures in cryptocurrencies should be over. Although being in a holiday week may delay activity, increased movement is likely to resume soon.
Solana (SOL)
One of the top altcoins to watch is Solana 
$84 (SOL), which has surpassed the $190 mark again as this article is being prepared. As BTC weakens, the gains of large market-cap altcoins are seen positively.
Crypto analyst Jelle noted in a recent assessment that SOL Coin bounced back from the crucial support level of $180 and stated that if it regains $210, the show will begin.
