All Cryptos See Major Losses as Market Hit by Distinctly Unfestive Correction

Friday, Dec. 25 — crypto markets are lacking in Christmas cheer, with many major crypto assets hit with double-digit losses. Virtually all of the top 100 coins by market cap are in the red, as data from Coin360 shows.

Market visualization by Coin360

Largest cryptocurrency Bitcoin (BTC) has plummeted over 9 percent on the day,

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Bitcoin (BTC) Price Watch: Bulls Defending Correction Level

Bitcoin Price Key Highlights

  • Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib.
  • A bounce from current levels could take it back up to the swing high and beyond.
  • A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in order.

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