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15 December Price Analysis – BTC, ETH, and SOL

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Dec 15, 2021

Briefly

  • BTC surges towards $48,000 after falling to $46,000.
  • Ether regains ground after rising to 43,850
  • Solana flashes a green price chart following a 2.45% upswing.
  • The global cryptocurrency market capitalization surged 0.61% since yesterday.

The top crypto sees their prices gaining slightly after the turmoil that the crypto spectrum saw over the past few days. However, the latest increase might be nothing to what the global market lost. After losing billions of dollars in around fifteen days, the cryptocurrency market capitalization stands at $2,192,105,965,203.

The increase in market cap had the trading volume declining by 11.48%. Keep in mind that a global market capitalization surge means trading volume drop and vice versa. Decreased trading volume is a lucrative development since cryptos regain their lost pieces, regaining strength with time for upswings.

The desperate trials by the crypto market to surge are visible, but can top digital coins succeed in flipping the bearish narrative? That appears impossible with the crash the market sustained, exposing lows that assets have not witnessed for long. However, let us check what these top assets have.

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Bitcoin Registers a Minor 0.77% Surge

As Bitcoin attempts to reclaim the price lost over the last 72 hours, it gained 0.77%. That comes after the crypto plummeted to $46,500 yesterday. Market players might be happy not to hit the $45,000 level twice within fifteen days. Nevertheless, the slight increase might disappoint some investors.

Bitcoin trades at $48,265 as its market cap hovers at $912,659,695,023 with a 1.07% surge following the $900 billion loss. Though Bitcoin depicts some resilience, BTC trading volume had plunged by 15.98% to $30,246,336,218.

For now, BTC appears not to have $50,000 on its radar. Bitcoin might require time to gain the $2K to challenge this mark. Meanwhile, investors hope BTC regains momentum to surge to the expected levels before 2021 concludes.

Solana and Ethereum Prints Small Surges

ETH has massively suffered from the current bullishness in its 2021 actions. The leading altcoin has never plummeted under $3,800. However, yesterday’s actions saw ETH breaking this record, hitting $3,730. That left investors worried as it meant more challenges to attain the optimistic aim at $4,500. For now, Ether trades at $3,868 after a 0.74% increase.

Meanwhile, Solana has flashed more gains than other top five digital coins. Solana brought its value high to $164 after a 2.5% gain. The altcoin seems to outperform top-five assets as far as price performance is concerned.

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