Opportunity to buy or bad outlook? what is certain is that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the major altcoins are going down this December 20, although this does not apply to a couple of exceptions.
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Bitcoin falls back to USD $46,000 this December 20
The countdown to the arrival of Christmas begins, a new week starts and we open our price report for this December 20th reviewing the evolution seen in the price of Bitcoin ( BTC ), as the leading digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. opens lower this morning and is trading at around USD $45.774 per unit, posting a 2.76% drop in the last 24 hours.
When reviewing data published in our CryptoMarkets The price of Bitcoin has been falling over the last 24 hours, falling below USD $46,000 per unit at the time of publication. Although in recent days there have been much lower values in the price of BTC, it stands out in this case the trend that has been following the price throughout this period, so it is not known for sure at what point it could find a floor and resume a bullish pattern.
Christmas opportunity?
While this scenario is not good for those who consider themselves investors and especially for those who invested during the historical highs, the truth is that for others much more enthusiastic represents a very good buying opportunity, this under the expectation that this may be one of the last opportunities to buy at very low cost.
Those who are inclined in favour of this thesis are adamant that Bitcoin will eventually resume its upward trend and head towards new all-time highs, especially because of its technological properties and because it serves very well as a store of value in the face of the financial uncertainty experienced in recent times. The latter becomes even stronger in light of the current financial situation in the U.S., which has a negative impact on many countries around the world that would also be strongly affected by an inflationary scenario.
Top altcoins also down on December 20th
The situation seen with the price of Bitcoin is also being replicated by many of the major altcoins on November 20, which are also down at the time of publication.
Such is the case of coins like Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), Binance Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( BNB ), Solana ( SOL ), Cardano ( ADA ), Avalanche ( AVAX ), Polkadot ( DOT ), Dogecoin ( DOGE ), Shiba Inu ( SHIB ), Polygon ( MATIC ) and many others, with falls of more than 3% at this hour.
However, there are also positive exceptions for the morning of this December 20, as cases such as XRP y Terra ( LUNA ) are up against the general trend seen in the market, capitalizing on slight gains gains refer to an increase in value or profit. of 2% at this hour compared to yesterday’s trading.
Winners and losers for this December 20
Finally, below we review which digital currencies had the steepest fluctuations for this December 20:
???? Winning Cryptocurrencies:$HEX HEX 12,36% (USD $0,25)$YFI yearn finance 6,41% (USD $34 813,43)$IOTX IoTeX 3,88% (USD $0,12)$OKB OKB 3,71% (USD $32,25)$LUNA Earth 1.94% (USD $75.49)
— Diario฿itcoin (@DiarioBitcoin) December 20, 2021
???? Losing Cryptocurrencies:$KDA Kadena -11,77% (USD $10,01)$COMP Compound -9,95% (USD $184,05)$CRV Curve DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. -9,92% (USD $3,91)$WAVES Waves -9,69% (USD $15,16)$GALA Gala -9,12% (USD $0,42)
— Diario฿itcoin (@DiarioBitcoin) December 20, 2021
To buy cryptocurrencies through DiarioBitcoin
If you are one of those who see opportunities and want to buy cryptocurrencies in this moment of special evolution, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital currencies.
If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), you just have to access our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.
Source: CryptoMarkets , CoinMarketCap
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