Bitcoin lost some ground this weekend but is still close to the desired $50,000 mark, despite being near $52,000 earlier in the week. Altcoins are unusually calm with ETH hovering around $4,000. MATIC, however, is increasing by more than 6 percent per day.
Bitcoin down to $50K
The primary cryptocurrency fell to $48,000 just days before Christmas after it failed to surpass $50,000. The bulls intervened at this point, and the asset moved north.
The bitcoin price soared over its round-numbered rivals in the hours that followed. BTC continued to rise and reached $52,000 Saturday. This was the highest price in more than two weeks.
It stopped growing and began to fall in value slowly. It fell below $50,000 earlier today and is currently at the same level. BTC’s market cap is now just below $950 billion.
BTCUSD. Source: TradingView
lts Stall MATIC Pumps 6%
Ethereum fell below $3,800 prior to the Holidays, but soared to $4,100 during market recovery. The second-largest cryptocurrency now stands at just under $4,000.
Binance Coin has also fallen by around 1%, to $540. Most of the large-cap alts remain stable. Solana and Terra are in the green while Polkadot, Terra and Cardano are slightly in red. Ripple and Dogecoin have seen minor losses.
The Avalanche lost the most in one day (-4.5%), and is now at $110. MATIC trades at $2.7 and is up more than 6%, while MATIC is down by over 6%.
Cosmos (12%) and Curve DAO Token (10%) are the most profitable, Fantom (8%) and Audius (8%). The crypto market cap has fallen by $30 billion to $2.350 Trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
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