-
Bitcoin price slides to $37k as crypto traders hold out for Santa Claus rally
Bitcoin’s (BTC) price has been in a downtrend since the top crypto hit a new yearly high of $38,458 on Coinbase on Friday as crypto investors continue to take profits and rebalance their portfolios following the strongest rally in the crypto market year-to-date. The total market capitalization briefly hit a high of 1.45 trillion as BTC rallied, but has since pulled back to $1.41 trillion amid the profit-taking and rebalancing. Analysts are now expecting a bout of sideways trading due to the absence of any notable developments or important dates to pay attention to, while some are holding out for a Santa Claus rally ... (full story)