Grinch steals $180B from Bitcoin market cap this Xmas
The ignition of a new phase of the 2024 cryptocurrency bull market in early November appeared to promise a parabolic Christmas for Bitcoin (BTC) but as more recent trading proved, something might have burned out during the rocketing. Specifically, after surging 56% from $67,811 on November 5 to the all-time high (ATH) above $108,000 on December 17, BTC plunged to its press time price of $97,621, erasing approximately $180 billion from its market capitalization. BTC 7-day market cap price chart. Source: CoinMarketCap Indeed, at its recent high, the total valuation of the world’s premier cryptocurrency exceeded $2.14 trillion. In contrast, on December 24, data from Finbold revealed BTC stood at $1.93 trillion at the time of publication. Picks for you Solana (SOL) is set for an imminent rally — Here’s why ...