Bitcoin is trading near $88,000, marking a 30% decline from its October peak of $126,000, while Ethereum fluctuates between $2,970 and $2,990, down 40% from its August high. The market sentiment remains cautious, as indicated by the fear and greed index, with long-term holders selling and ETF outflows increasing. Liquidity is low as the year ends, and traders are closely monitoring key levels for potential movements in Bitcoin and Ethereum. Looking ahead, U.S. crypto regulation may progress in 2025, potentially introducing tax exemptions for stablecoins and staking. This regulatory development could impact market dynamics, as traders remain vigilant for any shifts in policy that might influence the crypto landscape.