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Christmas Rally for Bitcoin, Ethereum as Prices Break Key Levels, Funding Rates Turn Positive
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It looks like Santa Clause has arrived early for crypto investors this year, with strong rallies seen across bitcoin (BTC), ethereum (ETH), and the broader altcoin market in the past 24 hours.
At 13:10 UTC, BTC traded at USD 51,038, up 4.3% for the past 24 hours and 7.1% for the past week. Meanwhile, ETH stood at USD 4,090, up 2.9% for the past 24 hours and 3% for the week.
Elsewhere in the crypto market, performance was also strong over the past day, with the vast majority of coins in the top 100 by market capitalization seeing higher prices. Among the ones that stood out were the sandbox (SAND), fantom (FTM), arweave (AR), and internet computer (ICP), which have all seen 24-hour gains between 20% and 13%, respectively.
The rally for bitcoin
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