BCGAME - Free 5BTC Daily Bonus!The price of Bitcoin Today, 06/12/2024, the price is showing a notable drop of more than 4%, causing the asset to once again trade above US$ 98 thousand. Yesterday, the price of Bitcoin reached a new all-time high of US$ 103.679, but was unable to sustain its upward movement and plummeted, surprising the market.
In a sudden and impactful movement, the Bitcoin experienced a sharp drop of 6% in just five minutes on December 5, falling below $93.000. Specifically at the end of the day, the price of the cryptocurrency plummeted from $98.338 to $90.500, according to information from the Binance platform.
This decline not only surprised traders but also resulted in the liquidation of over $300 million worth of long positions over the course of an hour, extending the day's losses to a total of $404 million, as per data aggregated by CoinGlass.
Cryptocurrency analyst Ali Martinez observed in a recent technical analysis that the most significant support level for Bitcoin is $96.870, where 1,45 million addresses have purchased 1,42 million BTC. “As long as this demand zone holds, there is a good probability that BTC will continue marching higher,” he highlighted.
At the time of publication, the price of Bitcoin was quoted at US$ 98.015,97 with a drop of 4.5% in the last 24 hours, equivalent to approximately R$ 588.929,98 BRL and € 92.561,32 EUR. In its weekly development, the asset showed a slight growth of 1.4% in the last seven days.
Similarly, following Bitcoin’s recent move, most major cryptocurrencies are witnessing notable price drops in the last 24 hours. Ethereum is trading at $3.864,28 with a 1.9% drop in its price. XRP is trading at $2,26 with a 6% drop. Cardano has seen a 5.2% drop and is now priced at $1,16. Solana is down 2.5% and is trading at $234,34.
