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With reduced volatility, the price of Bitcoin has entered a consolidation phase in defiance of the “Santa Rally.” As of writing time, the coin was down 1.45% in 24 hours to $93,907.15. This drop marks a significant decline from its all-time high (ATH) of $108,268.45 attained just seven days ago.
The recent downturn has put Bitcoin in a consolidation phase, which may lead to elongated drawdowns as it struggles to maintain momentum. As the largest cryptocurrency by market capitalization, any movement in its price tends to impact the broader crypto market, including assets like XRP and DOGE.
As we look at the latest data, it’s clear that the price of DOGE has dropped by 1.45% over a span of 24 hours, landing at $93,907.15 as of writing time. This decline in DOGE represents a significant drop from its ATH of $108,268.45 attained just seven days ago.
In related news, XRP volatility appears to have disappeared, which may not be an entirely bad sign for the asset’s long-term prospects.
Source: u.today
