news 
With reduced volatility, the price of Bitcoin has entered a consolidation phase in defiance of the “Santa Rally.” As a result, the coin dropped 1.45% in 24 hours to $93,907.15 as of writing time.
This decline marks a significant 13% drop from its all-time high (ATH) of $108,268.45 achieved just seven days ago. The impact on other altcoins such as XRP and DOGE is palpable, with the two coins’ correlation with Bitcoin’s price limiting their potential growth.
The absence of any boost from Bitcoin may result in extended drawdowns for these assets, despite whale activities surrounding them and fundamental aspects.
Source: u.today
