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Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch)

The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard. As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others. Bitcoin Stopped at $100K Bitcoin went through a massive correction last week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500. However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated a notable price increase that pushed bitcoin up to $99,200 on Christmas Eve and almost $100,000 yesterday evening. Once again, though, the cryptocurrency was stopped at this point. The subsequent rejection has driven it south hard, as the asset now struggles below $96,000. Its market capitalization has declined to under $1.9 trillion on CG, while its dominance over the alts has increased to 54.6%. Bitcoin/PriceChart 26.12.2024. Source: TradingView Alts Bleed Out The alternative coins registered some gains in the past few days as well, but red dominates all charts now. Ethereum was stopped at $3,500 and is below $3,400 after a 3.5% daily drop. Similar declines are evident from XRP, DOGE, SOL, BNB, TRX, and TON. Even more painful corrections come from the likes of ADA, AVAX, LINK, SHIB, HBAR, XLM, and DOT, with losses of up to 9%. AAVE has plummeted by 10%, and so have ONDO and HYPE. The cumulative market capitalization of all crypto assets has seen more than $100 billion gone and is down to $3.460 trillion on CoinGecko. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch) appeared first on CryptoPotato . CryptoIntelligence

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Bitcoin And Altcoins See Strong Recovery Heading Into Christmas

Bitcoin (BTC) and altcoins have made a notable rebound as Christmas Day approaches. BTC surged to as high as $99K, fueling optimism that the $100K mark could be within reach before the end of the year. Here’s a look at the current distribution of Bitcoin wallets by size: – Wallets with 0-0.1 BTC: 50.17 million – Wallets with 0.1-10 BTC: 4.31 million – Wallets with 10-1,000 BTC: 150,130 – Wallets with 1,000+ BTC: 2,050 Bitcoin and altcoins have recovered well heading into Christmas Day. BTC has rebounded as high as $99K with traders hoping for a $100K Xmas gift. Here are the number of BTC wallets by size: 0-0.1 BTC Wallets: 50.17M 0.1-10 BTC Wallets: 4.31M 10-1,000 BTC Wallets:… pic.twitter.com/D2I5Lntu09 — Santiment (@santimentfeed) December 25, 2024 The market’s bullish sentiment appears to be driven by accumulation, particularly within the larger wallet categories. As long as the number of wallets in these groups continues to rise and maintain their accumulation pattern throughout 2024, the chances of a sustained bull market increase. However, recent news from the Federal Open Market Committee (FOMC) had an immediate impact on the market. FOMC news hit the market hard—$BTC dipped to $92K, and alts took an even bigger hit. But here’s the twist: short-term holders (STH) under 3 months are up 3% in just a week. New money is stepping in. pic.twitter.com/CDHNdxptWA — Kyledoops (@kyledoops) December 25, 2024 Bitcoin briefly dipped to $92K, with altcoins experiencing an even more significant decline. Despite this, short-term holders (STH) with positions under 3 months have seen a 3% gain over the past week. FOMC news hit the market hard—$BTC dipped to $92K, and alts took an even bigger hit. But here’s the twist: short-term holders (STH) under 3 months are up 3% in just a week. New money is stepping in. pic.twitter.com/CDHNdxptWA — Kyledoops (@kyledoops) December 25, 2024 In the last 24 hours, the percentage of Bitcoin traders on Binance taking long positions decreased from 66.73% to 53.60%, reflecting a shift in market sentiment. The percentage of traders going long on #Bitcoin $BTC in Binance dropped from 66.73% to 53.60% in the past 24 hours. pic.twitter.com/blbdDH28MS — Ali (@ali_charts) December 25, 2024 As of December 24, Bitcoin ETF net flows showed a drop of 2,306 BTC, equating to approximately $226.3 million in outflows. Among these, Fidelity reported outflows of 1,573 BTC, valued at $154.29 million, leaving the firm with 203,194 BTC, currently worth about $19.94 billion. Despite market fluctuations, the Bitcoin ecosystem continues to show strong signs of growth and resilience. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: studiograndouest/ 123RF // Image Effects by Colorcinch CryptoIntelligence