Daily Price Analysis of Bitcoin, Ethereum, Solana, Cardano – Dec. 25 Summary

TL; DR Breakdown

The global crypto market is down 0.55% since yesterday. Bitcoin records a 1.75% loss, gaining $ 49k again. Ethereum continues to hold on to $ 4,060 but is falling rapidly. Solana’s substantial earnings keep him afloat as a bearish run threatens his price of $ 194.58. Cardano continues to advance with a 1.44% gain.

It seems that our fun was short-lived; The cryptocurrency market has returned to its old ways as another bearish run begins to make its mark. Unsurprisingly, the bullish streak didn’t last long past Christmas; on the contrary, it began to die out as soon as Christmas Day went around the world. A new bearish streak is starting to take over, causing our top cryptocurrencies to suffer losses after working hard to gain values ​​during the week.

Will the losing trend end for the major cryptocurrencies? Will Bitcoin, Ethereum, Binance, etc. continue to fight a losing battle? There is not much we can do to answer these questions except wait. The crypto market capitalization has dropped $ 2 billion in the last twenty-four hours. It is now at $ 2,348,912,454,427, which makes investors worry whether the market is losing steam or not. It appears that we continue to move towards the red charts no matter how strong the bull run we face. Will the cryptocurrency market suffer a lousy end of a year? Or will he turn things around with his head held high?

Bitcoin and Ethereum get ready.

As we all know, Bitcoin and Ethereum are no strangers to bull races. Perhaps it would be a bit dramatic of us to say that the past month has been hell for Bitcoin and Ethereum. The two cryptocurrencies have walked side by side for months, continually struggling and trying to keep up with the fluctuations. Bitcoin is again pulling the short end of the stick, showing losses of 1.75% and falling to $ 50,020 overnight. Its market capitalization matches $ 945,588,993,613.

Source: CoinMarketCap

As for Ethereum, the top altcoin is trying to push with all its might to avoid falling below $ 4,000, but it is losing value by the minute. It won’t be long until it suffers the same fate as Bitcoin and drops to $ 3.9k. As of this writing, ETH is trading at $ 4,050, but its trading volume is suffering losses of 2.25%, reaching $ 11,789,968,349. Ethereum’s market capitalization has reached $ 481,152,350,401, starting to drop rapidly just as it approached the $ 500 billion mark.

Source: CoinMarketCap

Solana and Cardano fight the tides

Solana has been on the chopping block almost as long as Bitcoin and Ethereum. However, the only significant difference between Solana and the top two cryptocurrencies is their inherent price differences. While Bitcoin and Ethereum trade in the thousands, Solana is traded in the hundreds, it is still a very prominent cryptocurrency, ranking number 5 in the main cryptocurrencies of the cryptocurrency market.

Solana ChartSource: CoinMarketCap

Solana is not spared from the bearish race, falling to a price of $ 193.20 after a loss of 0.67%. Its market capitalization is currently $ 59,530,615,864 while trading volume suffers. The same can be said for Cardano. Cryptocurrency has always followed Solana on its heels, and they were once foes for the No. 5 spot before Solana filled the gap too strongly. Cardano is also showing signs of losing prices, dropping to $ 1.42 in a few hours, while its market cap stands at $ 59,530,615,864.

Cardano chartSource: CoinMarketCap

conclusion

It appears that as a Christmas present for the crypto investment market, the crypto market has been on a bearish streak as it tested investors’ patience. Can our top cryptocurrencies exit the year with their current prices intact? Or will we go back to the previous low prices we’ve been desperately trying to escape from? Let’s wait and see how it unfolds.

Disclaimer. The information provided is not commercial advice. Cryptopolitan.com assumes no responsibility for investments made based on the information provided on this page. We highly recommend independent research and / or consultation with a qualified professional before making any investment decision.

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Daily Price Analysis of Bitcoin, Ethereum, Solana, Cardano – Dec. 25 Summary

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