BCGAME - Free 5BTC Daily Bonus!The price of Bitcoin Today 26/12/2024 saw a significant drop of almost 3%, which caused the asset to lose an important support level. Just like BTC, the cryptocurrency market has been experiencing considerable declines in the last 24 hours. XRP, DOGE, and ADA are all recording retracements of over 4% today.
The cryptocurrency's fall comes amid the massive exits of spot bitcoin exchange-traded funds (ETFs) trading in the U.S. In four days alone, these products saw more than $1,5 billion in outflows, according to data from Farside Investors.
Yesterday, the asset staged a remarkable recovery and managed to get close to the $100 mark again. In its movement, BTC went from a peak at $99.886 to hit a low of $95.134 today, according to market data.
Renowned cryptocurrency analyst Ali Martinez observed in a technical analysis on Dec. 26 that BTC's recent price movement has seen the asset lose the important support level at $97.300, suggesting a significant impact for the cryptocurrency.
“The most significant support level for Bitcoin is at $97.300, where 1,51 million wallets have purchased around 1,49 million $BTC,” he wrote. “Bitcoin $BTC has fallen below a key support level at $97.300. Brace for impact!”
At the time of publication, the price of Bitcoin was quoted at US$ 95.874,25 with a drop of 2.6% in the last 24 hours, equivalent to approximately R$ 643,247.57 BRL and € 94,979.63 EUR. In its weekly development, the largest cryptocurrency on the market showed a significant drop in its price of 6.3%.
In the same vein, following Bitcoin’s recent movement, most major cryptocurrencies are experiencing considerable price drops in the last 24 hours. Ethereum is trading at $3.367,32 with a 3.4% drop in its price. XRP is trading at $2,19 with a 4.3% drop. Cardano has seen a 4.5% drop and is now priced at $0,8719. Solana is down 3% and is trading at $189,58.
The market highlight is the Tokenize Xchange (TKX) cryptocurrency, which has seen a 44.7% increase in the last 24 hours, the highest among the top 100 crypto assets, and is trading at US$ 30,06. In one week, the TKX token has registered a 50.2% appreciation.
