The post Crypto Market Roundup ( Dec 4th – Dec 10th) Here’s How Bitcoin and Major Altcoins Performed This Week appeared first on Coinpedia Fintech News
This week in crypto has been marked by a solid performance from layer 1 (L1) tokens, particularly Cardano (ADA), Avalanche (AVAX), and Algorand (ALGO) in the top 100 coins. With double-digit gains crossing the 30% mark, the L1 tokens are rising as Bitcoin scales a new 52W high in 2023.
The steady hand of Bitcoin (BTC) has been the wind beneath the altcoin market’s wings. BTC’s price is steady, enabling a favorable environment for capital to flow into alternative cryptocurrencies.
The technical analysis of Bitcoin’s price movement provides additional insights into market behavior. On the chart, BTC’s price trajectory showcased a robust uptrend, surpassing key resistances to challenge th next psychological mark of $45,000.
Bitcoin’s price peaked at around $44,729, encountering resistance that resulted in a potential ‘d
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