{"id":111863,"title":"Bitcoin wild ride continues with the bulls failing to capture the 45k resistance line","publisher":"Share Talk","author":"sharetalk","published":"2023-12-22T10:22:28+00:00","modified":"2023-12-22T11:05:39+00:00","canonical_url":"https://www.share-talk.com/bitcoin-wild-ride-continues-with-the-bulls-failing-to-capture-the-45k-resistance-line/","markdown_url":"https://www.share-talk.com/bitcoin-wild-ride-continues-with-the-bulls-failing-to-capture-the-45k-resistance-line.md","json_url":"https://www.share-talk.com/bitcoin-wild-ride-continues-with-the-bulls-failing-to-capture-the-45k-resistance-line.json","category":"Blogs","categories":["Blogs","Fintech"],"tags":["Binance","Bitcoin","BNB","BTC","cryptocurrency","DOGE","Dogecoin","Elon Musk","ETH","Ethereum","Litecoin","LTC","Ripple","SOL","Solana","SpaceX","Tesla Inc","TSLA","XRP"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/BTC-22_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Bitcoin’s (BTC) volatile December journey has somewhat stabilized.\n\nOn Thursday, the leading cryptocurrency saw a modest increase of approximately 0.4%, but it later relinquished these gains.\n\nCompared to the more significant fluctuations of over 5% seen earlier in the month, the recent daily shifts indicate a decrease in volatility as the week concludes.\n\nThe Bitcoin price is $43,659.46, a change of -0.68% over the past 24 hours as of 11:04 a.m., with the bulls yet to overcome the key resistance level of $45,000.\n\nBitcoin’s dominance experienced a slight decline overnight, dropping by 0.5% to just under 53%.\n\nThis decrease in Bitcoin’s dominance indicates increased activity in the altcoin market, particularly with Ethereum (ETH), the world’s second-largest cryptocurrency.\n\nEthereum has risen over 2.2% against the US dollar today, reaching a seven-day peak of $2,289 at the time of this report.\n\nHowever, Solana (SOL) outshines other major altcoins in performance.\n\nThe SOL/USDT trading pair saw a nearly 15% surge on Thursday. Although it has seen some cooling off this morning, its year-to-date increase is an impressive 829%.\n\nSolana has now overtaken Ripple (XRP) as the fifth-largest cryptocurrency, boasting a token price of $92 and a market capitalization exceeding $39 billion.\n\nDespite this, Solana is still on the path to recovery from its drastic 95% drop following the FTX collapse in late 2022.\n\nOther cryptocurrencies like Polkadot (DOT) and Polygon (MATIC) also saw significant gains overnight, while XRP, Cardano (ADA), and Dogecoin (DOGE) experienced modest single-digit increases in their market capitalizations.\n\nThe global cryptocurrency market capitalization currently stands at $1.66 trillion."}