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Christmas Eve is upon us, and it’s a green one. The overwhelming majority of cryptocurrencies are trading well in the green today and, as a matter of fact – throughout the entire week. Let’s kick it off with Bitcoin.
BTC’s price was trading at around $46,000 this time last week. We saw the first bullish attempt on Sunday, but the price was rejected above $48K and retraced back to $46K. Then, things started looking positive, and bitcoin started climbing towards $50K. It had almost reached this coveted level on Wednesday, but the bears once again stepped in and pushed it back towards $48K.
Thins changed on Thursday and Friday, though, as the price skyrocketed from below $49K and reached an intraday high at around $51,500. The price is now trading slightly below $51,000 for a total increase of about 6.5% in seven days.
The rest of the market is also trading well in the green. Ethereum is up 2.4%, BNB – 3.4%, Solana – 6.8%, ADA – 14.6%, but the undeniable winner and the cryptocurrency that completely dominated this week’s momentum is Luna.
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