Bitcoin Tops $50K, Luna Dominates (This Week’s Recap) – ZellaNews

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Christmas Eve is upon us, and it’s a inexperienced one. The overwhelming majority of cryptocurrencies are buying and selling effectively within the inexperienced immediately and, as a matter of reality – all through all the week. Let’s kick it off with Bitcoin.

BTC’s worth was buying and selling at round $46,000 this time final week. We noticed the primary bullish try on Sunday, however the worth was rejected above $48K and retraced again to $46K. Then, issues began wanting constructive, and bitcoin began climbing in direction of $50K. It had nearly reached this coveted stage on Wednesday, however the bears as soon as once more stepped in and pushed it again in direction of $48K.

Thins modified on Thursday and Friday, although, as the value skyrocketed from under $49K and reached an intraday excessive at round $51,500. The worth is now buying and selling barely under $51,000 for a complete improve of about 6.5% in seven days.

The remainder of the market can be buying and selling effectively within the inexperienced. Ethereum is up 2.4%, BNB – 3.4%, Solana – 6.8%, ADA – 14.6%, however the plain winner and the cryptocurrency that utterly dominated this week’s momentum is Luna.

LUNA is at present buying and selling at $96, having peaked above $100 for a brand new all-time excessive. It’s up a whopping 50% up to now seven days, and its momentum and social media presence are overwhelmingly constructive.

Another thrilling factor occurred this week on a barely totally different entrance. The NFTs from the Bored Ape Yacht Club assortment flipped the Crypto Punks when it comes to flooring worth for the primary time in historical past.

Market Data

Market Cap: $2,506B | 24H Vol: 114B | BTC Dominance: 40.4%

BTC: $50,967 (+6.5%%) | ETH: $4,066 (+2.6%) | ADA: $1.43 (+14.6%)

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Charts

This week we’ve a chart evaluation of Ethereum, Ripple, Solana, Luna, and Avalanche – click on right here for the total worth evaluation.

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Cryptocurrency charts by TradingView.