After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale.Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north.above its round-numbered nemesis.
However, it failed to continue upwards and started to lose value gradually. Earlier today, it dipped below $50,000 and, as of now, stands at around that level once again. As a result, BTC’s market capitalization is just under $950 billion.Ethereum struggled below $3,800 before the Holidays but surged above $4,100 during the market recovery. Now, though, the second-largest cryptocurrency has retraced slightly and stands at just over $4,000.
Avalanche has lost the most in a day and is down to $110. In contrast, MATIC is up by more than 6% and trades above $2.7.The crypto market cap is down by around $30 billion to $2.350 trillion.
Source: News Formal (newsformal.com)
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