{"id":15736,"date":"2021-12-28T12:25:47","date_gmt":"2021-12-28T11:25:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=15736"},"modified":"2021-12-28T12:25:57","modified_gmt":"2021-12-28T11:25:57","slug":"bitcoins-and-ethereum-falls-by-4-as-crypto-markets-stumble","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoins-and-ethereum-falls-by-4-as-crypto-markets-stumble\/","title":{"rendered":"Bitcoin and Ethereum Falls by 4% as Crypto Markets Stumble"},"content":{"rendered":"\n
Following a brief Christmas rally<\/a>, Bitcoin and Ethereum fell on Tuesday morning, falling below $50,000 and $4,000, respectively, as crypto markets followed suit.<\/h5>\n\n\n\n
\"Bitcoin
Bitcoin and Ethereum Falls by 4% as Crypto Markets Stumble<\/figcaption><\/figure>\n\n\n\n

Bitcoin and Ethereum falls by 4%<\/h2>\n\n\n\n

Bitcoin investors<\/a> had reason to rejoice over the holidays, as the benchmark cryptocurrency soared above\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> $50,000 last Thursday, before settling above $51,000 on Christmas Eve.<\/p>\n\n\n\n

Bitcoin hit a three-week high of $52,050 on Monday evening, despite a brief dip below $50,000 on Sunday.<\/p>\n\n\n\n

However, the bullish trend came to an end when an attempt to settle above the resistance level failed.<\/p>\n\n\n\n

Bitcoin's price fell<\/use><\/svg><\/span><\/a> by 4% in the following hours, to an intraday low of $48,700. According to CoinGecko<\/use><\/svg><\/span><\/a>, despite a recovery to $49,101 by press time, the industry's leading crypto is still down 3.6 percent over the last 24 hours.<\/p>\n\n\n\n

After failing to break through the $4,120 resistance level, Ethereum<\/use><\/svg><\/span><\/a>, the second-largest cryptocurrency by market capitalization, followed a similar pattern. It also dropped by 4%, to $3,878.<\/p>\n\n\n\n

At press time, ETH was trading at $3,905<\/a>, down 3.9 percent in the previous 24 hours.<\/p>\n\n\n\n

Crypto markets follow Bitcoin<\/h2>\n\n\n\n

The vast majority of other cryptocurrencies are also in decline, with Terra's LUNA taking the biggest hit.<\/p>\n\n\n\n

LUNA has been on fire<\/a> in recent weeks, reaching a new all-time high of $103 on Monday. According to CoinGecko<\/use><\/svg><\/span><\/a>, the token is currently trading at around $89.2, down 9.9% on the day due to market volatility.<\/p>\n\n\n\n

Polkadot<\/use><\/svg><\/span><\/a> is down 7.5 percent among the top ten cryptocurrencies, followed by Cardano, Solana, and XRP, which all lost between 3 and 6 percent.<\/p>\n\n\n\n

The sole asset to keep its footing on the daily chart is Binance Coin<\/use><\/svg><\/span><\/a> (BNB). BNB fell to $549 after reaching an intraday high of $571 but is still up 0.3 percent in the last 24 hours.<\/p>\n\n\n\n

All digital assets have a combined market cap of $2.43 trillion, down 2.5 percent from $2.57 trillion on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a brief Christmas rally, Bitcoin and Ethereum fell on Tuesday morning, falling below $50,000 and $4,000, respectively, as crypto markets followed suit. Bitcoin and Ethereum falls by 4% Bitcoin investors had reason to rejoice over the holidays, as the benchmark cryptocurrency soared above $50,000 last Thursday, before settling above $51,000 on Christmas Eve. Bitcoin […]<\/p>\n","protected":false},"author":29,"featured_media":14633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[5371,5392,5555],"class_list":["post-15736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bitcoin-2","tag-cryptocurrency-2","tag-ethereum-3"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=15736"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14633"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=15736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=15736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=15736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}