RATE Group | Bitcoin devastatingly slides under $7,000, Ethereum and Ripple bleed
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Bitcoin devastatingly slides under $7,000, Ethereum and Ripple bleed

21 Dec Bitcoin devastatingly slides under $7,000, Ethereum and Ripple bleed

Posted at 00:50h in Ethereum News by

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  • Bitcoin returns under $7,000 even as the hope for a recovery towards $8,000 disappears into the dark.
  • Ethereum retested $130 support while Ripple explored the levels close to the key $0.2000 support.

The carnage in the cryptocurrency market continues even as we enter the third week of December. The almost certain end-year rally appears to sleep through the bulls’ fingers unapologetically. It is apparent that cryptocurrencies will close the year at unexpected lower levels. However, the market is relatively better compared to the downtrend experienced in 2018.

It is clear that the market is struggling to stay afloat. Moreover, after missing the pre-holiday rally, the situation could get worse as traders hibernate for the festivities. Besides, a new report by Chainalysis suggests that it is about to get even darker for the leading digital asset, Bitcoin.

Bitcoin market update

Bitcoin eventually broke the crucial support at $7,000. The bearish momentum…

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