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Effective URL: https://news.bitcoin.com/bitcoin-balances-on-a-razors-edge-is-a-breakout-or-breakdown-looming/
Submission: On December 25 via api from BE — Scanned from US
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You need to enable JavaScript to run this app. News Market UpdatesMarkets and PricesFinanceLearning InsightsEconomicsLegalMiningRegulationBlockchainNews Bytes Learning Center Newsletters Advertise Advertise With UsSubmit Press ReleasePress ReleasesSponsored Article Trump 47 Bull 24 NEWS Market UpdatesMarkets and PricesFinanceLearning InsightsEconomicsLegalMiningRegulationBlockchainNews Bytes ABOUT NewsBitcoinWalletSpend DIRECTORY ATMWalletGamesExchangesLoansOTCCardsTaxPayments ADVERTISE Advertise With UsSubmit Press ReleasePress Releases CRYPTO BuySellMarketDEX LATEST CRYPTO NEWS IN YOUR INBOX Subscribe for updates WeeklyAfricaLatamPrice AnalysisGames Newsletter Read in app Trump 47 * Finance * Learning Center * Newsletters * Advertise Bitcoin BTC $USD 98,130.56 4.20% XRP XRP $USD 2.29 2.23% Dogecoin DOGE $USD 0.33 3.58% Ethereum ETH $USD 3,473.61 2.62% TRON TRX $USD 0.26 1.74% Solana SOL $USD 200.06 5.69% Render RENDER $USD 7.79 2.29% Toncoin TON $USD 5.88 5.18% Worldcoin WLD $USD 2.35 2.38% Verse VERSE $USD 0.000164 2.22% Pepe PEPE $USD 0.000019 3.83% Bitcoin BTC $USD 98,130.56 4.20% XRP XRP $USD 2.29 2.23% Dogecoin DOGE $USD 0.33 3.58% Ethereum ETH $USD 3,473.61 2.62% TRON TRX $USD 0.26 1.74% Solana SOL $USD 200.06 5.69% Render RENDER $USD 7.79 2.29% Toncoin TON $USD 5.88 5.18% Worldcoin WLD $USD 2.35 2.38% Verse VERSE $USD 0.000164 2.22% Pepe PEPE $USD 0.000019 3.83% Powered by Disclaimer Markets and Prices by Jamie Redman 4 days ago THE LATEST * BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join SoonECONOMICS | 1 hour ago * Solana Layer-Two Protocol Solaxy Raises Nearly $5M in Its Presale After Just a Few DaysBRANDED SPOTLIGHT | 4 hours ago * Bitcoin ETFs Bleed $226M While Ethereum Funds Feast on $130M WindfallNEWS | 4 hours ago * Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to RecoverMINING | 6 hours ago * HBAR and AAVE Lead Top Altcoin Gainers, Vote-to-Earn Crypto Flockerz Could Rally NextBRANDED SPOTLIGHT | 7 hours ago * Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum LimitNEWS | 9 hours ago * MEXC Research: Top 10 Memecoins to Watch in 2024BRANDED SPOTLIGHT | 10 hours ago * Microstrategy's Bitcoin Yield Hits 3,177 BTC Last Week—Saylor Calls It a $300M 'Gift to Shareholders'FEATURED | 11 hours ago BITCOIN BALANCES ON A RAZOR'S EDGE: IS A BREAKOUT OR BREAKDOWN LOOMING? On Friday afternoon, crypto markets appeared to catch their breath, though traders remained on edge, bracing for bitcoin’s next twist. At press time, BTC was trading at $96,800 to $97,150 per coin, while the broader crypto economy stood at $3.34 trillion—down 2.7% after some recovery. BEARS TAKE A BREATHER Despite recent turbulence, the crypto market seems to have stabilized, at least for now. Bitcoin (BTC) and ethereum (ETH) are down modestly by 1.4% and 1.3%, respectively, with BTC holding at $96,800 to $97,150 and ETH at $3,426 to $3,434. However, several altcoins are still nursing deeper losses. Curve DAO (CRV) is down 8%, optimism (OP) has slid 6.73%, and cronos (CRO) and uniswap (UNI) have each dipped by over 6%. Just last week, the Crypto Fear and Greed Index (CFGI) was flashing “extreme greed.” Now, while still in the “greed” zone, the index reads a slightly more cautious score of 74 out of 100. Crypto data platforms indicate global market trading volume is approximately $345.23 billion, reflecting a 17.93% increase over the past day. Bitcoin maintains a 57.3% dominance, while ethereum holds 12.3% of the $3.34 trillion crypto economy. Social media chatter is abuzz with the trending term “crypto dump,” with some users predicting further price declines before the dust settles. Others are hopeful historical patterns will come into play, anticipating a BTC rebound. One observer speculates, “the rebound pump could be UNBELIEVABLE for altcoins,” while a few optimists already see bullish signals on the horizon. The crypto market’s delicate balance serves as a stark reminder of its unpredictable nature during bull markets. Similar patterns did occur in 2021 and 2017. Traders find themselves caught between cautious optimism and lingering apprehension. While some look to historical trends for reassurance, others acknowledge the possibility of uncharted territory ahead. The coming days may define whether this pause becomes a pivot point or a prelude to further volatility. As emotions run high and speculation grows, market sentiment is as much a driver as data itself. This moment reveals the fine line between resilience and fragility within the crypto ecosystem. Whether future movements bring recovery or deeper corrections, one certainty remains: the crypto space never stays quiet for long, keeping traders alert and investors intrigued. TAGS IN THIS STORY Bitcoin, Market Dump Image Credits: Shutterstock, Pixabay, Wiki Commons CONTINUE IN THE BITCOIN.COM APP Stay updated with the latest market trends and data while you read. Read & Track BITCOIN GAMING PICKS BC Game REVIEWPLAY 360% Deposit Bonus up to $100,000 + No KYC & No Withdrawal Limits 💪 TG.Casino REVIEWPLAY 200% First Deposit bonus up to 10 Eth! 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