Bitcoin, Ethereum, XRP, Dogecoin Skip Santa Rally As Prices Slip: Analyst Says BTC Daily Close Above This Level Will Trigger Move Toward $100,000
Leading cryptocurrencies stagnated on Christmas Day amid thin liquidity, while stock futures inched higher.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.43% | $87,267.64 |
| Ethereum (CRYPTO: ETH) |
-0.91% | $2,916.07 |
| XRP (CRYPTO: XRP) | -1.15% | $1.83 |
| Solana (CRYPTO: SOL) | -1.51% | $120.58 |
| Dogecoin (CRYPTO: DOGE) | -3.25% | $0.1240 |
Crypto Market Lags On Xmas
Bitcoin pushed toward $88,500 early on Christmas Day but failed to sustain a decisive rally, slipping back below $87,000 by evening. Trading volume remained thin, falling 14% over the last 24 hours.
Ethereum failed to cross $3,000, retreating to the early $2,900 region overnight. XRP and Dogecoin fell 1.15% and 1.51%, respectively.
Over $138 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with the majority of it coming from long liquidations.
Bitcoin’s open interest fell 0.94% in the last 24 hours as short positions for the leading cryptocurrency exceeded longs, according to the Long/Short ratio.
The “Extreme Fear” sentiment …
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