Cryptocurrency Market December 24, 2021: Bitcoin price formed a base and accelerated to over $ 48,500. The BTC bulls drove the price above the $ 51,000 mark. At 04:18 UTC, BTC was up 5% and a slight downward correction is possible.

Similarly, most of the major altcoins are also rising. ETH is up 3%, back above USD 4,000, and seen a break above USD 4,100. XRP can make another attempt to break the USD 1.00 barrier. ADA rebounded 9% to break the $ 1.45 mark.

Cryptocurrency Market December 24, 2021: Bitcoin Price

Bitcoin price gained momentum after breaking the $ 48,500 mark. BTC was able to break the USD 50,000 and USD 50,500 resistance levels. It tested $ 51,500 and is currently consolidating profits. On the flip side, initial support is near the $ 50,500 mark. The next big support is near $ 50,000, with further declines possible below that.

If it rallies again, the price could encounter resistance near $ 51,500. The closest resistance is near the $ 52,000 region above which a rally to $ 53,500 is possible.

Cryptocurrency Market December 24, 2021: Ethereum Price

Ethereum price also started rising again above the $ 4,000 resistance area. It even rose above $ 4,080 and is currently facing resistance near $ 4,120. The next major resistance is near the $ 4,150 level, above which the price can test $ 4,250.

Immediate support is near the $ 4,020 mark. The next major support is near the $ 4,000 level, below which it can retreat to $ 3,920.

Cryptocurrency market December 24, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) has started a strong rally above the $ 1.35 and $ 1.40 levels. The price even rises above $ 1.45, while a significant break above $ 1.47 can lead it towards $ 1.50.

Binance Coin (BNB) is rising to trade above $ 540. It faces strong resistance near the $ 550 mark. A significant break above $ 550 can trigger a move towards $ 565.

Solana (SOL) is up 4% and broke above $ 180. It is testing the $ 188 level and it looks like the price may continue to rise. The main hurdle is near the $ 200 mark.

DOGE manages to soar above the $ 0.178 and $ 0.180 levels. The next major resistance is near $ 0.185, above which a rally to $ 0.20 is possible. Otherwise, it can be corrected down toward $ 0.175.

XRP price is struggling to break the $ 1.00 level. If there is a significant move above the $ 1.00 level, a quick rally is possible. The next major resistance is at $ 1.05, above which the price could test $ 1.12.

Cryptocurrency Market December 24, 2021: Another Altcoin Market

Many altcoins are up more than 10% including SAND, FTM, GALA, AAVE, MANA, LUNA, CRO, ROSE, NEAR, ICP, WAP and DASH. Of these, LUNA is up 13% and is approaching $ 99 while SAND is up 23% and surpassed $ 6.3. LUNA was up nearly 54% weekly, while SAND was up 26%.

Overall, the Bitcoin price is rising above the $ 50,000 mark. If BTC stays stable, it could continue to climb above $ 52,000 in the near future.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.