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Bitcoin managed to trade above $43,000 for most of the Christmas holiday, but was unable to maintain the momentum of the past 24 hours and fell well below.
Most altcoins are also slightly in the red, with the exception of the largest caps Binance Coin and Solana.
BTC below $43,000
The leading cryptocurrency ended the previous business weeks on a high note and entered the holiday weekend at around $44,000. This follows a few failed attempts to decisively surpass this level for the first time in almost two years.
However, the bears began to put pressure on the market and BTC found itself moving further away from $44,000 and even as low as $42,600 yesterday. After recovering just as quickly and heading towards $44,000, the landscape has deteriorated once again over the past 24 hours.
As a result, bitcoin fell almost a thousand dollars to a 6-day low of $42,500 on Bitstamp. Although it has recovered a few hundred dollars since then, BTC is still down 1% on the day and sits well below $43,000.
Its market cap fell to $835 billion and its alt dominance fell to 50.5% on CMC.
BNB and SOL rise
Solana’s native token continues to show impressive performance as of late. The asset gained another 3.5% over the past day and is trading well above $110. The asset that SOL overtook to become the fourth largest digital currency – BNB – has climbed 5% in the same period and is trading at $275.
The rest of the larger-cap alternative assets show minor losses, like ETH, XRP, TRX, DOGE and LINK, or insignificant gains.
The largest price increases come from SATS (20%), Sei (17%), Sui (15%), ORDI (13%), and NEAR Protocol (13%).
Nonetheless, the total crypto market cap lost around $30 billion since yesterday’s high and fell to 1,650T on CMC.
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