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Bitcoin is kicked below the US $ 50,000 mark



 A new major investor has once again made the psychologically important US $ 50,000 mark a resistance for Bitcoin.


Bitcoin ( BTC ) slipped below the US $ 50,000 mark for the first time on December 26th, apparently nipping the recurring optimism among experts and investors in the bud.


New player in the Bitcoin game

As the data from Cointelegraph Markets Pro and TradingView show, BTC / USD had to cope with a corresponding downturn on Boxing Day.


The market-leading cryptocurrency had previously reached a record high of 51,500 US dollars , which has now declined to 49,644 US dollars. At the time of going to press, the Bitcoin price is still hovering around the important $ 50,000 mark.



The downturn was accompanied by noticeable inflows of capital into the influential Binance crypto exchange, creating strong new resistance at $ 50,000.


The data suggest that a major investor is apparently trying to control the current mood around the crypto market leader. An observer recently suspected that the Binance crypto exchange could be the starting point for these activities.



"It looks like a new player is in the game," as the analyst Material Scientiest says, considering the order books of the large trading platform.


Overall, Bitcoin assets on the crypto exchanges have increased by 60,000 BTC since December 22, which corresponds to an increase from 1.69 million BTC to 1.75 million BTC. The available supply is increasing again, which probably means further pressure to sell.


Ethereum defends $ 4,000

After all, the altcoins get away with a black eye, because in contrast to the downturn of the market leader, the "alternative crypto currencies" remain largely stable.



At the time of going to press, Ether ( ETH ) is still over $ 4,000.


The remaining top 10 crypto currencies meanwhile have to accept losses of up to 1.5% at most.


The crypto analyst Pentoshi sees ETH / USD in the range of 3,900-4,000 US dollars as the "key" that needs to be defended in order to maintain the sustained upward trend.



“I stay invested. Hope there is an upswing with a little steam after this bottoming out. I'll sell again at $ 4,400 - 4,500, ”said the expert .

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