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21.12 - 15:17
Bitcoin and Ethereum Consolidate, BAT and ALGO Rally
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On Saturday, bitcoin price started a major decline from well above USD 52,000. BTC dived over USD 10,000 before recovering losses. It is currently (04:41 UTC) consolidating losses, with a major hurdle near USD 50,000.
Besides, most major altcoins traded below important supports. ETH dived below USD 3,550 before recovering above USD 4,000. XRP settled below the USD 0.850 support zone. ADA is still below USD 1.40 and is unchanged in a day.
Total market capitalization
After a clear break below USD 52,000, bitcoin price declined heavily. It dived below USD 50,000 and USD 45,000. It even traded close to USD 40,000 before the bulls took a stand. There was a strong recovery wave above the USD 45,000 and USD 48,000 levels. On the upside, the price is
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