CC is the best performer today, while UNI is in the red.
Bitcoin’s latest rejection above $90,000 on Monday resulted in a continued decline to below $86,500, and the asset is close to ending the year in the red.
Most of the larger cap alts are also in the red today, with XRP moving further away from the $1.90 support and ETH approaching the $2,900 support.
BTC below $87K
The leading cryptocurrency saw increased volatility at the end of the previous trading week, especially since the release of US CPI data for November, which was much better than expected. At first, BTC jumped to $89,500, but stopped there and hit a multi-week low of $84,400 in less than 12 hours.
The bulls intercepted the move and helped Bitcoin regain some ground to surpass $89,000. The weekend was quite slow, as expected, but BTC rose again on Monday, surpassing $90,400 for the first time in five days.
However, that was another short-term move as the bears quickly stepped up and allowed no further gains. On the contrary, bitcoin has lost more than three thousand dollars since then and is now struggling below $87,000.
Its market capitalization has decreased to $1.73 trillion on CoinGecko, while its dominance over altcoins remains well above 57%.
Alts see red
As mentioned above, the altcoin charts are also quite disappointing. Ethereum, which rose to $3,060 just a couple of days ago, is now down to $2,920 after another 1.5% drop in the last 24 hours. BNB stopped at $870 and is down to $835 as of now. XRP has lost the crucial support at $1.90, following a 1.5% drop since yesterday.
SOL, DOGE, ADA, BCH and ZEC are also in the red daily with losses of up to 2%, while TAO has plummeted 5.5%. In contrast, CC has soared 6.5% to $0.09.
The native Pi Network token has shown some resilience amid overall market weakness and defended the $0.20 support after a 1.5% one-day rise.
The total crypto market capitalization has lost more than $100 billion since Monday’s peak and is down to $3.02 trillion in CG.
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