Crypto Markets See Moderate Dip Over Holidays While Solana Hits New High
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Major cryptos like Bitcoin, Ethereum, and Dogecoin dipped slightly on Christmas Eve due to decreased holiday trading volume. Over $90M in longs were liquidated in the last 24 hours.
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Solana's token SOL surpassed $100 for the first time since the Luna-Terra collapse, now valued at $112 per coin. It's up over 1000% in 2022.
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The global crypto market cap has reached $1.66 trillion, decreasing 0.43% in the last 24 hours.
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An analyst said Bitcoin's bullish trend and on-balance volume indicate new all-time highs could come within 2 months.
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Some coins like STORJ, ILV, LTC, and DYDX have faced negative sentiment recently, which could signal potential bounces.