Bitcoin continues to trade within a narrow range, maintaining a price near $89,000 as of December 22. Ethereum is similarly stable at $3,000. In contrast, meme coins and lesser-known tokens have seen significant gains, with BEAT rising 72%, NIGHT up 24%, MYX increasing by 11%, and M gaining 6%. The market sentiment remains cautious, with the fear and greed index at 25, indicating extreme fear.
Meanwhile, U.S. Bitcoin ETFs experienced $500 million in inflows for the week ending December 21, while Ethereum ETFs attracted $650 million. These inflows suggest continued institutional interest despite the broader market's cautious sentiment.
Bitcoin Stagnates at $89,000 Amid Surge in Meme Coins
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