The new year is off to a rough start for crypto investors as digital assets continue to retreat from their recent highs.
Bitcoin tumbled 5% on Tuesday to around $97,000, while crypto exchanges closed out $205 million worth of open futures contracts within the span of one hour to prevent further losses. In the last 24 hours, the overall crypto market has lost 6% of its total market cap, dragged down by Bitcoin’s decline after it had initially soared after the November election.
#ChristmasMarketAnalysis ChainCatcher news, according to on-chain analyst Ai Yi's analysis, the performance of Bitcoin during the Christmas & New Year holidays over the past five years shows that from December 20 to January 6, Bitcoin's volatility is significantly larger
#BTCOutlook The launch of Bitcoin ETFs has been a game-changer for the crypto market. A K33 Research report shows U.S.-listed Bitcoin ETFs, including leveraged products, have surpassed Gold ETFs in assets under management (AUM). Since their January debut, Bitcoin ETFs have reached $129.25 billion in AUM, overtaking Gold ETFs at $128.88 billion, which have been in the market for over two decades.
$BTC Good Recovery The live price of Bitcoin is $ 98,652.30 per (BTC / USD) with a current market cap of $ 1,953.22B USD. 24-hour trading volume is $ 94.97B USD. BTC to USD price is updated in real-time. Bitcoin is +2.12% in the last 24 hours with a circulating supply of 19.80M. #MarketPullback