Current Crypto Prices: Bitcoin Holds Firm Above $42,000 Despite Minor Declines; Altcoins Trading Stagnant

Over the past three days, the price of BTC has witnessed a decline of $688 (approximately Rs. 57,270).

Bitcoin on Wednesday, December 27, reflected a small loss of 2.71 percent. Despite this slight decline, Bitcoin managed to retain its price above the level of $42,000 (roughly Rs. 34.9 lakh) and is currently trading at $42,218 (roughly Rs. 35 lakh). This is the third consecutive day that BTC is trading above $42,000. However, in the last three days, BTC has dropped in value by $688 (roughly Rs. 57,270). BTC’s crucial resistance stands at $44,500 (roughly Rs. 37 lakh) and $42,500 (roughly Rs. 35.3 lakh) as a support level.

Ether registered a minor dip of 0.75 percent on Wednesday. At the time of writing, ETH was trading at $2,220 (roughly Rs. 1.84 lakh). For ETH, the key resistance stands at $2,380 (roughly Rs. 1.98 lakh) whereas its critical support level stands at $2,250 (roughly Rs. 1.87 lakh).

A bunch of altcoins reflected losses on Wednesday. These include Ripple, Cardano, Avalanche, Dogecoin, and Polkadot.

Tron, Chainlink, and Shiba Inu also reflected price dips on Tuesday.

In the past 24 hours, the total cryptocurrency market cap experienced a marginal decline of 0.27 percent. The current valuation of the sector is $1.65 trillion (approximately Rs. 1,37,46,414 crore), as reported by CoinMarketCap. Despite this, the crypto fear and greed index reflect a positive sentiment, showing a 2-point increase since yesterday.

On Wednesday, only a limited number of cryptocurrencies exhibited gains. Among them were Tether, Solana, Binance Coin, USD Coin, Polygon, and Wrapped Bitcoin.

Modest profits were also observed in Uniswap, Leo, Monero, Elrond, Binance USD, and Bitcoin SV.

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