Crypto Prices Dip as Expected Santa Rally Fails to Materialize
• Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin dropped 2-3% in value on Tuesday as the expected "Santa rally" did not occur.
• Over $200 million worth of long crypto positions were liquidated in the last 24 hours according to CoinGlass.
• Bitcoin is currently in a consolidation phase after a recent move upwards, analysts say. Support and resistance levels are at $36-39K and $47-50K.
• The crypto market doesn't seem as strong as expected - a minor dip may occur before prices move back up again per analysts.
• The global crypto market cap stands at $1.65 trillion after a 0.86% decrease over the last 24 hours.