Crypto Markets’ Christmas Bull Run Fades, Bitcoin Price Drops Below $4,000

Investing, News | December 26, 2018 By:

The cryptocurrency markets’ Christmas rally has come to an end, as traders took profits following a large upsurge on Christmas eve.

In early trading, bitcoin’s price hovers around the $3,700 level after trading as high as $4,271 on December 24. Volume so far has been moderately heavy.

Ripple’s XRP, the second-largest crypto by market cap, has lost over 13% and has been trading as low as $0.37. Bitcoin Cash and Bitcoin SV have both shed about 20% in prices in the past 24 hours.

Ether continued its recent surge, up to $128, a gain of close to two percent. Bitcoin Cash and EOS were also gainers in early trading.