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BTC's PA at the end of the year was quite flat, as the asset fell from $97,000 to below $94,000 yesterday, falling $14,000 from its peak last Tuesday.


The altcoins have also been affected, with companies like AVAX, LINK, SUI undergoing multiple drastic price adjustments.
The struggle of BTC has no end
The correction triggered by the Fed began last week, and BTC fell from its latest historical high of over $108,000 to $92,000 in just a few days. Over the weekend, it managed to regain some lost ground, even soaring to $99,000, but this was short-lived, and the asset fell sharply on Monday.
After falling to $92,000 again, the bull market took over and pushed it to a peak of nearly $100,000 for several days. However, this rebound quickly came to a halt, and BTC began to rise and lose value again in the following days.
After falling to $97,000 yesterday, the bears pushed it down below $94,000 again. Although BTC has been able to regain some lost ground since then, the trading price has now crossed this line, but BTC still fell more than 2% that day.
Its CG market value has fallen to $1.87 trillion, and its dominant position in alts has fallen to 54.4%.
BTC/price/chart 28.12.2024. Source: TradingView
Alts limited to red only
Today, alternative coins are also in deep red. Ethereum has stopped at $3,500 several times and now falls to $3,360. XRP is far below $2.2, while BNB is struggling to stay above $700. SOL, ADA, DOGE, and TON all have losses of up to 3%.
The most painful fall comes from AVAX, SUI, LINK, DOT, and HBAR. In fact, Chainlink's token fell nearly 10%, far below $22.
Most small and mid-cap alts are also in a similar state. Therefore, in the past two days, the total market value of cryptocurrencies has decreased by $150 billion, and the market value of CG has just exceeded $3.4 trillion.
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