Bitcoin reclaims $50,000 amid a muted crypto holiday market

Dec 27, 2021

By: BI India Bureau

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There was no ‘Santa Rally’

The overall market is down by nearly 10 percent, its market cap now at $1.91 trillion

Bitcoin back up above $50,000

The cryptocurrency is trading at $51,100, up by 2.6 percent since yesterday

Ethereum is trading at $4,083

It’s up by 1.41 percent over the last one day

Binance Coin is trading at $549

It’s up by 1.91 percent over the last 24 hours

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Solana is priced at $201

The ‘Ethereum Killer’ is up by 4.6 percent in the last 24 hours

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Cardano, its counterpart, is trading at $1.46

The cryptocurrency is up by 3.3%

Ripple’s XRP is priced at $0.998

It’s up by 1.23 percent since yesterday

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Terra’s Luna cryptocurrency continues its upwards trajectory

The token is worth $100.75, up by 4.26 percent in the last 24 hours

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Polkadot has risen by more than 10 percent the last 24 hours

The cryptocurrency is currently trading at $31.33

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Polkadot recently approved ‘parachains’ that will launch on its protocol

Parachains are mini-blockchains that will operate on the Polkadot blockchain

Acala, Clover, Moonbeam, Astar, and Parallel Finance emerged as the first batch of winners

All five of these projects have now begun creating blocks on Polkadot

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Polygon’s Matic is another token that has seen double-rise since yesterday

The cryptocurrency is currently trading at $2.88

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Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of December 27, 9.30 am IST and may change over the course of the day.

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Cryptocurrencies are still waiting for their ‘Santa Rally’