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Ethereum

BTC adds another rejection to its list as Ethereum vs. $ 4K

December 13, 2021 - Around 3 mins mins to read

BTC adds another, negative, bitcoin, market, eth, price

BTC once again rejected the list and failed to get $ 50,000 back, while Ethereum withstood the $ 4,000 price range and fell almost below that level. So read more on the latest cryptocurrency news today.

Bitcoin tried its luck again to hit $ 50,000 but, like other attempts, failed. Altcoins are undecided in their moves, with almost all of them in the red as Ethereum struggles to stay above $ 4,000. The $ 50,000 level passed again yesterday and bitcoin was hit. It was down to $ 49,000 after a formidable rally started that resulted in a break near the coveted level. Additionally, BTC continues to rise, nearing $ 51,000 for the first time in a few days. The cryptocurrency couldn’t hold up above that, but over the next few hours it fell $ 2,000 to its current position of $ 49,000.

Since the crash on Saturday when BTC fell from $ 58,000 to $ 42,000, the asset hasn’t been able to get $ 50,000 back despite a few attempts.

The current price level means that the market capitalization has fallen again but is still above $ 900 billion. The second largest cryptocurrency also had better days after experiencing a roller coaster ride from $ 4,650 to $ 3,500 in a matter of hours last week before bouncing off and climbing up pretty well. The ETH bears have turned around and pushed the asset south and it is now trading around $ 4000 after another slight daily decline.

Binance Coin is also down 3%, Solana is down 2.5%, Dogecoin is down 2%, CRO is down 1%, all in the red from Altcoins with larger caps. In contrast, Ripple, Terra, Avalanche, Polkadot and SHIB made smaller gains on a daily basis. Revain is the biggest winner, up 40% to close at $ 0.013, while Oasis Network follows with a strong 20% ​​gain. On the other hand, Decred, Near Protocol and Quant with 10% lost the most for the day. The crypto market cap hit $ 2.3 trillion, but it’s now a little over $ 2.2 trillion.

Now Bitcoin has yet to add one more rejection to its list, as it most recently failed to mine $ 50,000. As we saw over the weekend, bitcoin consolidation continues as the asset is still unable to break the $ 50,000 price and the rest of the altcoins are volatile, with Terra and Cardano being the only exceptions. Cardano is up 6% while LUNA is up a similar percentage. The main cryptocurrency has shown increased volatility in the past few days as it tries to break above $ 50,000 a few times, but every time it tries to move it encounters a significant retracement due to the volatility of the bears.

# Cryptocurrencies

#Adoption

#Bitcoin

#bitcoin price

#Companies

crypto

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Ethereum

BTC adds another rejection to its list as Ethereum vs. $ 4K

BTC adds another, negative, bitcoin, market, eth, price

BTC once again rejected the list and failed to get $ 50,000 back, while Ethereum withstood the $ 4,000 price range and fell almost below that level. So read more on the latest cryptocurrency news today.

Bitcoin tried its luck again to hit $ 50,000 but, like other attempts, failed. Altcoins are undecided in their moves, with almost all of them in the red as Ethereum struggles to stay above $ 4,000. The $ 50,000 level passed again yesterday and bitcoin was hit. It was down to $ 49,000 after a formidable rally started that resulted in a break near the coveted level. Additionally, BTC continues to rise, nearing $ 51,000 for the first time in a few days. The cryptocurrency couldn’t hold up above that, but over the next few hours it fell $ 2,000 to its current position of $ 49,000.

Since the crash on Saturday when BTC fell from $ 58,000 to $ 42,000, the asset hasn’t been able to get $ 50,000 back despite a few attempts.

The current price level means that the market capitalization has fallen again but is still above $ 900 billion. The second largest cryptocurrency also had better days after experiencing a roller coaster ride from $ 4,650 to $ 3,500 in a matter of hours last week before bouncing off and climbing up pretty well. The ETH bears have turned around and pushed the asset south and it is now trading around $ 4000 after another slight daily decline.

Binance Coin is also down 3%, Solana is down 2.5%, Dogecoin is down 2%, CRO is down 1%, all in the red from Altcoins with larger caps. In contrast, Ripple, Terra, Avalanche, Polkadot and SHIB made smaller gains on a daily basis. Revain is the biggest winner, up 40% to close at $ 0.013, while Oasis Network follows with a strong 20% ​​gain. On the other hand, Decred, Near Protocol and Quant with 10% lost the most for the day. The crypto market cap hit $ 2.3 trillion, but it’s now a little over $ 2.2 trillion.

Now Bitcoin has yet to add one more rejection to its list, as it most recently failed to mine $ 50,000. As we saw over the weekend, bitcoin consolidation continues as the asset is still unable to break the $ 50,000 price and the rest of the altcoins are volatile, with Terra and Cardano being the only exceptions. Cardano is up 6% while LUNA is up a similar percentage. The main cryptocurrency has shown increased volatility in the past few days as it tries to break above $ 50,000 a few times, but every time it tries to move it encounters a significant retracement due to the volatility of the bears.

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