Terra Classic (LUC) jumps 6%, Bitcoin flat in the middle of $17,000

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The latest PCE data announced yesterday from the US brought little volatility to the crypto market, where BTC fell a few hundred dollars but rallied almost immediately.

Altcoins are still on a daily scale, with a few exceptions like Terra Classic, Decentraland, and Lido.

Bitcoin remains cold at $17,000

Bitcoin fell to a 3-week low on December 20 at $16,300, but recovered almost all of the lost value in less than a day. Another price drop two days later saw the asset slide to $16,500, but it rebounded to $16,800 a few hours later.

The end of the work week saw two major announcements from the United States – relating to GDP (a 3.2% increase in the third quarter) and the PCE figures, which is an inflation indicator that covers the costs to the consumption. Both had little impact on BTC, while the largest US stock indices saw more volatility, ending trading days in the red.

Yesterday, bitcoin fell $100 from its usual location of $16,800 before climbing $200 to hit an intraday low of just under $17,000. However, the asset returned to $16,800 once again before Christmas Eve.

That means there are no real moves in its market cap (quiet at $325 billion), and its alts dominance is still at 40%.

BTCUSD. Source: TradingViewLUC marks a 6% increase

Most altcoins have mimicked BTC’s performance over the past 24 hours, which means they’re pretty stagnant. Ethereum held above $1,200 as it remains stable on a daily scale.

Binance Coin, Dogecoin, Cardano, Polygon, OKB, Tron, Shiba Inu, Litecoin, and Polkadot all show insignificant losses.

Solana dropped the most of the larger cap alts. A decline of 5.3% on a 24-hour scale sent SOL down to just over $11.

LUNC became the top performer today, with a 6% increase, followed by Decentraland (5%) and Lido (4.5%).

Overall, however, the crypto market cap remained at just over $810 billion on CoinMarketCap.

Presentation of the cryptocurrency market. Source: Quantify Crypto SPECIAL OFFER (sponsored) Binance Free $100 (exclusive): Use this link to sign up and receive $100 free and 10% fee discount on Binance Futures for the first month (terms).

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Cryptocurrency charts by TradingView.

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