The beginning of December was not so exciting the price of Bitcoin (BTC) which recorded a decline of more than 2% in 24 hours, was trading at $ 55,808 at the time of this article.
What happen?
The United States (US) trading session saw a fall in the value of Bitcoin following the first case of COVID-19 ‘Omicron’ reported in California today.
Bitcoin’s performance today also invited disappointment from investors who were expecting a high surge after the asset rose to a daily high, $ 59,086 yesterday.
Indirectly, Bitcoin slipped over 5% from that record.
Ethereum (ETH) also did not miss recording a price decline of more than 2% in 24 hours to the level of $ 4,490 at the time of writing the article and more than 6% from the daily high, $ 4,780 yesterday.
Analysts described the news as a positive signal to the crypto market. The evidence can be seen that throughout the pandemic period starting from the end of 2019 until the beginning of 2021, Bitcoin recorded an incredible performance.
However, Solana (SOL), Terra (LUNA), and Algorand (ALGO) were not impressed. Each recorded an increase:
SOL: over 4%, traded at $ 221.56
LUNA: over 8%, traded at $ 62.03
ALGO: over $ 1, traded at $ 1.87
LUNA is ahead of the performance of most other cryptocurrencies, driven by growing use cases. The asset hit an all -time high (ATH), $ 65.09 early this morning around 9 p.m. This is Terra’s second ATH (LUNA) record for December.
