Major cryptocurrencies experienced a slight dip on Christmas Eve due to the decrease in trading volume expected during the holiday season.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | -0.97% | $43,221 |
| Ethereum (CRYPTO: ETH) | -0.40% | $2,280 |
| Dogecoin (CRYPTO: DOGE) | -1.04% | $0.093 |
What Happened: According to CoinGlass data, the crypto market is experiencing trouble for long traders. In the last 24 hours, a whopping $93 million of longs were liquidated, with Bitcoin longs accounting for $24 million and ETH adding up over $11 million.
In total, 65,608 traders were liquidated, resulting in $145.97 million of liquidations.
The biggest single liquidation order occurred on Bitmex, with an XBT-USD value of $6.15 million.
Great news for Christmas comes for SOL holders as Solana’s native token SOL surpasses the $100 mark. This price level has not been seen since the collapse of Luna-Terra a year and a half ago.
At the time of writing, SOL is valued at $112 a coin, making it a tenfold increase in value in 2023. Furthermore, it has surged more than 1027% in 2023 alone.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
| Axie Infinity (CRYPTO: AXS) | +37.10% | $10.91 |
| ORDI (CRYPTO: ORDI) | +29.90% | $70.71 |
| Quant (CRYPTO: QNT) | +20.04% | $137.22 |
The global crypto market cap has reached $1.66 trillion, marking a 0.43% decrease in the last 24 hours.
The S&P 500 climbed on Friday following cooler inflation data, resulting in eight consecutive weeks of gains for the major averages.
The U.S. stock market will remain closed on Monday in observance of Christmas.
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Analyst Notes: Cryptocurrency expert Michael Van de Poppe said that the Bitcoin Yield chart has encountered an inverse trend and the technical indicators indicate a bearish trend.
“Massive weekly bearish divergence on the 2 & 10-year yields indicating that the high on the FOMC’s policy is in. In 2018, the same occurred. The bull market on Bitcoin started. The coming 1-2 years we’re bull.”
The Yield chart has inversed and technical indicators don’t lie.Massive weekly bearish divergence on the 2 & 10-year yields indicating that the high on the FOMC’s policy is in.In 2018, the same occurred. The bull market on #Bitcoin started. The coming 1-2 years we’re bull.
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