BTC was quite flat in terms of price movement at the end of the year, as the asset fell from $97,000 to below $94,000 yesterday, falling $14,000 since its peak last Tuesday.

Altcoins have also been affected, with companies such as AVAX, LINK, and SUI undergoing multiple drastic price adjustments.

The struggle of BTC is endless

The correction sparked by the Fed began last week, and BTC fell from a recent all-time high of over $108,000 to $92,000 in just a few days. Over the weekend, it managed to regain some lost ground, even soaring to $99,000, but this was short-lived, and the asset fell sharply on Monday.

After falling again to $92,000, the bull market dominated and pushed it to a multi-day peak of nearly $100,000. However, this rebound quickly stopped, and BTC began to rise again and lose value in the following days.

After falling to $97000 yesterday, the bears once again brought it down to below $94000. Despite the fact that BTC has been able to regain some lost ground since then, the trading price has now exceeded this line, but BTC still fell by more than 2% that day.

Its CG market value has fallen to $1.87 trillion, and its dominant position in alts has fallen to 54.4%.

BTC/price/chart 28.12.2024. Source: TradingView

Only limited to red Alts

Today, altcoins are also in deep red. Ethereum has stopped at $3,500 several times, now falling to $3,360. XRP is far below $2.2, while BNB is struggling to stay above $700. SOL, ADA, DOGE, and TON losses are as high as 3%.

The most painful fall comes from AVAX, SUI, LINK, DOT, and HBAR. In fact, Chainlink's token fell nearly 10%, well below $22.

Most small and mid-cap alts are also in a similar state. Therefore, in the past two days, the total market value of cryptocurrencies has fallen by $150 billion, and the market value of CG has just exceeded $3.4 trillion.