The crypto market begins the last month of the year riding an optimism-inducing wave. Most assets are trading into the green, with some boasting double-digit surges. Everything seems to be going the right way, and the overall market capitalization increased by almost $40 billion.FreepikBitcoin (BITCOMP) gained nearly $2,000 in value this week, getting in the neighborhood of $40,000. The much-coveted resistance level is in its easy reach following an impressive uptrend that started almost 2 months ago. The king of cryptocurrencies aims to end the year on a high note and drag the entire crypto market along with it. Currently, BTC is trading at around $39,500.Ethereum  (ETH-X) also enjoyed a successful week after improving its position above $2,000. The second crypto in command is up by almost 4% to dispel any fears of it going under $2k soon. Currently, ETH is trading at around $2,150 and aiming for the $2,200 level. Altcoins & DeFiMost altcoins are trading in the green, with some notable exceptions. This week’s losers include BNB, down by 2%, and TRON, down by over 4%. Meanwhile, XRP dropped by almost 1% to correct its current trend.Elsewhere, Solana is up by 9%, Chainlink by 6%, and Cardano by 1%. Also, Avalanche is up by 5%, Dogecoin by 9%, and Polygon by 4%.The Metaverse sector shares the same sentiment as the rest of the crypto market, with most projects trading in the green. For instance, Axie Infinity is up by 6%, The Sandbox by 3%, Decentraland by 1%, ICP by 2%, and Theta Network by 7%. Also, Render is up by 10% and Stacks by a whopping 22%.The DeFi sector added almost $1 billion to the total value of locked protocols (TVL), now at $48.78 billion.Crypto Market Analysis – What’s in the News?

 Next Week’s Crypto Market ForecastThe crypto market is anticipating what should be a highly lucrative 2024 with a resounding year’s end. Seeing most cryptocurrencies on a significant uptrend is refreshing for their supporters, especially after 2023 began on such a sour note. For example, Bitcoin was trading at only $16,000 in January. Hopefully, this surge will continue for the rest of December.More By This Author:WMA: Bitcoin Challenges $38K, Changpeng Zhao Leaves Binance
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