Bitcoin Drops More Than 5% As Crypto Market Turns Red

Bitcoin continues to lose ground Wednesday morning, falling further below the $50,000 mark. At 7:30 a.m. today (Dec. 29), the bitcoin price was down 5.17% and hovering at $47,648.75.

Bitcoin moved into negative territory this morning after US stocks closed in a directionless market. The Dow Jones Industrial Average rose in a short frame, the S&P 500 and the NASDAQ went down.

In general, all the big coins in the crypto market are losing this morning. Ethereum loses 5.2% at $3,818.38, Binance Coin loses 4.11% to $537.13, Solana loses a full 8.52% to $178.60 and Cardano loses 6.21% to $1.408.

The crypto market shows its volatile side again shortly before the turn of the year, which in turn traders can use to find entry opportunities.

The Spot Market is Open

Wednesday, December 29, 2021

Crypto
Updated at
USD
Price

Change

%Change
08.40 BTC47,811.20-1,234.50-2.52
08.40 ETH3,803.22-102.14-2.62
08.40 LTC146.54-5.67-3.73
08.40 BNB535.95-13.53-2.46
08.40 XRP0.86-0.03-3.05
08.40 ADA1.41-0.07-4.74
08.40 DOT28.20-1.11-3.79
08.40DOGE0.18-0.01-2.99
08.40 UNI19.15+0.95+5.29
08.40 LINK20.70-1.46-6.59

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