Cryptocurrencies: Bitcoin flirts with US$44,000 and an altcoin in the top 10 flies almost 20%

Cryptocurrencies: Bitcoin flirts with US,000 and an altcoin in the top 10 flies almost 20%

December 24, 2023 – 12:56

Bitcoin fell slightly in the last 24 hours and traded around $43,730. For its part, Ethereum (ETH) gained 0.3% to $2,295.

The main cryptocurrencies operate with most rises this Sunday December 24th and Bitcoin (BTC) operates slightly below US$44,000, on a day in which a top 10 altcoin flies almost 20%.

After midday in Argentina, BTC fell slightly by 0.2% in the last 24 hours and It operated at around $43,730. For its part, Ethereum (ETH) gained 0.3% to $2,295.

In the main altcoins (of the top 10 among the most operated), it stands out Solana (SOL), which skyrocketed 17.5% to US$112.92.

In another order of things, the veteran trader Peter Brandtknown for its market analysis and followed by more than 707,000 people on social networks, recently updated its stance on ETH from bearish to neutral. This change in stance comes after Ethereum broke a key resistance level in an ascending triangle pattern, defying expectations of a drop to $650.

In addition to his comments on Ethereum, Brandt pondered the performance of Solana, which exceeded its previously set price target of US$86.48. During the last week, Solana experienced a notable increase in value, showing an increase of almost 60%.

Brandt’s change of heart toward Ethereum and recognition of Solana’s strong performance reflect the dynamic nature of cryptocurrency markets. Investors often turn to experienced analysts like Brandt to learn about market trends and potential momentum shifts.

With this recent evolution, Both Ethereum and Solana have caught the attention of traders and investors alike, who adjust their strategies in response to changing market conditions.

Source: Ambito

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