The post Crypto Price Analysis 12-6 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, LITECOIN: LTC, CARDANO: ADA, ARBITRUM: ARB, ALGORAND: ALGO appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) retreated sharply from its all-time high of $103,604, dipping to a low of $94,035 before recovering to climb back above $$97,000 and to its current level. The drop came a day after BTC crossed the historic $100,000 mark, with its market capitalization also shrinking to $1.95 trillion.  The drop was in line with the drop in US equities, with the Dow dropping over half a percent. The S&P 500 and Nasdaq also finished trading lower, while MicroStrategy reported a sharp drop of over 5%.  Markets have been mixed over the past 24 hours, with Ethereum (ETH) and Solana (SOL) registering notable increases of 1% and 2%. However, other altcoins like Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), Hedera (HBAR), and others recorded substantial drops. Other major gainers include Litecoin (LTC), Chainlink (LINK), Toncoin (TON), Polkadot (DOT), Uniswap (UNI), Bittensor (TAO), Artificial Superintelligence Alliance (FET), Arbitrum (ARB), Cosmos (ATOM), and Celestia (TIA). The crypto market cap registered a slight decline of 0.71% and currently sits at $3.59 trillion.  Bitcoin (BTC) Retreats From Record Levels  Bitcoin (BTC) slipped below $95,000, falling sharply from record highs before recovering and returning to its current levels. The drop comes in line with a fall in US equities, with the Dow giving up more than half a percent. The S&P 500 and Nasdaq also ended the day lower, while MicroStrategy reported a drop of over 5%. BTC had surged past $100,000 and set a new all-time high after President-elect Donald Trump chose Paul Atkins as his pick for Securities and Exchange Commission Chair. Atkins is known for his pro-crypto views, and markets are hopeful of a less aggressive approach under his leadership.  BTC has risen almost 50% since Trump’s victory thanks to greater institutional interest and inflows into spot Bitcoin ETFs. Geoff Kendrink from StanChart…

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Filed under: News - @ December 6, 2024 1:26 pm