RATE Group | November lows blast Bitcoin towards $7,500, Ripple and Ethereum sluggish
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November lows blast Bitcoin towards $7,500, Ripple and Ethereum sluggish

19 Dec November lows blast Bitcoin towards $7,500, Ripple and Ethereum sluggish

Posted at 03:00h in Ethereum News by

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  • Bitcoin investors finally get found by Santa as Bitcoin rockets from $6,500 to levels close to $7,500.
  • Ethereum struggles to stay above $130 key support while Ripple gets accustomed to levels below $0.20.

Bitcoin could not afford to leave investors ungifted before Christmas. Santa had indeed lost his way to the crypto space, allowing Bitcoin to retest the lows traded in November. However, the recovery experienced remained unique to Bitcoin because other cryptoassets including Ethereum and Ripple were largely unchanged.

Meanwhile, the total market capitalization rose significantly from $177 billion posted at the close of the session on Tuesday to $193 billion at the time of writing. The trading volume shot up as well from $77 billion to $106 billion in the same period. Bitcoin market dominance seems to be picking up the pace once again, besides it stands at 68.2%. In other words, altcoins are losing ground against Bitcoin and this could mean that the…

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