Bitcoin Prices Turn Cool as Festive Traders Cut Santa Rally Expectations – TradingView News

“Are you not entertained?” – Bitcoin is likely to be after its massive 43% rise since Election Day.

• Bitcoin prices Bitcoin against the dollar It was a slow start on Thursday morning as the crypto bros were not feeling the Santa rally vibes. In all fairness, Christmas came early to the cryptocurrency markets, but instead Santa’s poolthe market got Trump pump. Since November 5, Election Day, Bitcoin’s price has added a whopping 43% to its value, or nearly $600 billion in new money flowing into the currency’s market capitalization.
• In light of this, make cryptocurrency markets Do you even need a Santa gathering? Some traders say it would be best for digital assets to hold on to their year-to-date gains and consolidate them as the new year approaches. The likely alternative is for cryptocurrencies to keep pumping and making some frothy gains that could easily lose their magic at the first sight of danger. To that end, the broader cryptocurrency market fell 1% today, reaching $3.4 trillion.
• Bitcoin was trading at $98,000 Earlier, it was almost flat on the day and boasted a valuation of $1.95 trillion. Ethereum, the second-largest coin, fell nearly 2% and was trading at $3,420 per token. Solana, an Ethereum competitor with faster speeds and greater capacity for transaction volumes, was at around $193, down 3% on the day. Dogecoin, the popular meme token, fell 3% to trade at $0.32.