Bitcoin is more like dancing up and down

Bitcoin’s dancing but not in an enjoyable way after slumping from a record high price of $20,089 Sunday 12.19 UTC. And closed at 19,000 level on Monday then danced between 17,000 and 16,000 levels on Wednesday and Thursday fell to the 15,000 level.

It went at the $13,300 level today and is now trading at about $14,300 at the time of this writing. A fall of more than $4,000 in less than four days is not welcome news for Christmas who hope it will recover.

Related Coverage: Bitcoin price breaks through $16,000 high mark

It is likely that many people are trying out other cryptocurrencies. For instance, Ether has been in an upward movement since December 10. Since when it was trading at below $450 according to CoinMarketCap data.

Ether was trading at around $670 last Friday, recorded a high of above $850 on Tuesday. And then below to $700 mark on Wednesday back to more than $850 on Thursday. Although, it is trading at $705 as of this writing. Therefore, the slump was not as high as Bitcoin’s in the last 2 days.

In fact, price chart data from OnChainFX charts show that the top 20 coins by market capitalization have had an all-time high within the past four days although some like Bitcoin Cash, Dash and Litecoin have shown a decrease in the last 24 hours.

Read Next: Reasons behind skyrocketing price of Ethereum
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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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