The crypto market starts the new week in the red. Bitcoin (BTC) fell sharply after midnight and took the majority of the market with it. It’s a bad start to a week that follows the first red week in a long time. In this morning update we will inform you about the current state of affairs on the market.
Crypto update: market in the red, but BONK is rising extremely fast
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Market updates
Bitcoin price drops to $41,000
Bitcoin ended a week in the red for the first time in early October. To be precise, the bitcoin price fell last week from $43,805 to $40,226. This reflects a total decline of 5.51%.
#Bitcoin sees its first Red Weekly close since the start of October: pic.twitter.com/geW1yNAHND
— Matthew Hyland (@MatthewHyland_) December 18, 2023
For the time being, Bitcoin continues in the same vein. Yesterday it was trading mostly around $41,900. Just after 6 p.m. the price almost reached $42,400. The price remained around $42,000 until 10 p.m. before a downward trend was initiated. After midnight it gained momentum, and the low is currently equal to around $ 40,800.
The bitcoin price of the past 24 hours. – Source: CoinMarketCap
However, the price is currently not far from this. At the time of writing, the BTC price on crypto exchange Bybit is equal to $41,080. On the Dutch crypto exchange Bitvavo, the BTC price in euros amounts to 37,629. Compared to 24 hours ago, BTC is down 2.11%.
The next important support level is just above $40,000. Looking up, the $42,400 price point could provide some necessary selling pressure.
Bitvavo gives 20 euros of free crypto
Are you looking for a reliable party to buy crypto such as bitcoin or ethereum (ETH)? In collaboration with Crypto Insiders, the Dutch trading platform Bitvavo only this month 20 euros free to new users who deposit at least 10 euros on the platform. That equals approximately 33.04 ADA or 0.30 SOL! Click on the button below to create a new account at Bitvavo:
Let op: After December the welcome bonus goes back to 10 euros.
Good news! 🎉 Bitvavo celebrates Christmas and gives our readers free BTC, XRP or another crypto 🚀
Solana, cardano in avalanche dalen hard
Looking at the rest of the market, there is an abundance of red. Every top 10 cryptocurrency has suffered a decline over the past 24 hours. For example, ethereum is down 1.97%, build ‘n build (BNB) has fallen by 2.08%, ripple (XRP) has fallen by 2. 02% and dogecoin (DOGE) with 3.37%.
Today’s biggest losers are solana (SOL), cardano (ADA) and avalanche (AVAX). Solana has lost 4.71%, cardano has fallen by 4.77% and avalanche even by 6.41%.
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2023-12-18 06:43:39
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