Bitcoin Steady On Thanksgiving; Ethereum, Dogecoin, XRP Dip: Analyst Zeroes In On ‘Support That Matters’ For BTC

Leading cryptocurrencies paused on Thanksgiving as trading volumes eased over the holiday break.

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC) +0.23% $90,926.94
Ethereum (CRYPTO: ETH)
               
-1.01% $3,001.28
XRP (CRYPTO: XRP)                          -1.57% $2.18
Solana (CRYPTO: SOL)                          -1.93% $139.58
Dogecoin (CRYPTO: DOGE)                          -2.04% $0.1512

No Thanksgiving Rally For Crypto

Bitcoin faced rejection at the $92,000 resistance level, a mark previously described as significant for the apex cryptocurrency. Trading activity remained thin, with volume plummeting 17% over the last 24 hours.

Ethereum also consolidated within the $3,000 region, while trading volume plunged 23%. XRP and Dogecoin also faced declines on the festive day.

Bitcoin has already dropped 17% this month, while Ethereum has plunged 22%, closely mirroring the losses recorded in November 2022.

Cryptocurrency liquidations hit $167 million in the last 24 hours, according to Coinglass, with nearly $100 million in short positions erased.

Bitcoin’s open …

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