RAIN and NACHT follow suit today in terms of daily gains.
Most larger-cap alts have mimicked BTC’s performance, with ETH again falling towards $2,900, while XRP has fallen to $1.85.
BTC stopped at $89.5K
The primary cryptocurrency had a wild week before the Christmas holidays, when it pumped and dumped several times from around $85,000 to $90,000, before marking a local low at $84,400 after the US CPI numbers for November were released. It managed to regain some ground over the weekend and even went on the attack last Monday.
For the first time in about a week, the price spiked above $90,400, and the rally initially seemed sustainable. However, as happened on the previous few attempts, the bears almost immediately resumed control and drove the asset hard south below $87,000.
Christmas Eve and Day were quite quiet, as expected, but Bitcoin tried to break out again on Friday. This time it couldn’t even reach $90,000 before the bears rejected it. In less than an hour, the cryptocurrency plummeted to $86,500. It has recovered somewhat and is now above a major gain, but is still down 1.5% on the day.
The market cap is once again below $1.750 trillion, while the dominance over the altcoins remains quiet at 57.5% on CG.
ZEC peaks again
Ethereum was stopped yesterday before USD 3,000 and will now depend on the USD 2,900 support to hold its latest retracement. XRP is well below the $1.90 support after another 1.5% daily decline. DOGE has fallen the most among the larger-cap alts, followed by LINK.
In contrast, XMR and HYPE have posted small gains, while ZEC and RAIN have exploded by double digits. The former is up over 13% and has risen above $500, while the latter is close to $0.008 after a daily increase of 10%.
The total crypto market capitalization has remained above the $3 trillion mark despite losing $40 billion since yesterday’s peak.
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