By now, people in America are also in the Christmas spirit and Christmas Eve has begun. We take a look at the live Bitcoin price and the prices of the top 25 crypto before Christmas. Then we look at how in El Salvador Bitcoins spontaneously disappear. Finally, we bring you the Bitcoin Christmas forecast from Sally Ho.
We begin of course with live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price flat, sentiment top 25 crypto changes
At the time of writing, the live Bitcoin price is quoting EUR 44,956.11 ($50,918.36). This is 0.22% higher than during our Bitcoin update last night.
In the crypto market, sentiment is divided. Among the top 25 crypto, we see varying prices. There are substantial losses. Ripple (XRP) lost the most with 8.99% in 24 hours. On the other hand, there are large gains to be recorded. Algorand (ALGO) leads the list of winners with +7.53%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day, also during the Christmas holidays.
Bitcoin disappears in El Salvador, but no one knows why
El Salvador made history this year by becoming the first country in the world to recognize Bitcoin as legal tender. To hold the crypto, every resident of El Salvador was given a Chivo wallet. The project was plagued by setbacks after launch, and now one more is coming. Local newspapers announce that there are at least 50 known cases of disappearing crypto. It’s as easy as it sounds at some point Bitcoin suddenly disappeared from the Chivo wallet. People have asked President Nayib Bukele for help, but he has remained silent.
However, a police spokesperson did come out with a statement. This Zaria Navas stated that people simply did not know how the wallet worked. The spokesperson also emphasized that the Chivo wallet is safe and that the problem could not be caused by the wallet. That sounds good, but it does not mean the victims have their money back.
Bitcoin Christmas price forecast
Bitcoin and crypto trading continues 24/7, including Christmas. Analyst Sally Ho gives her opinion on the Bitcoin price forecast during Christmas. In a very technical analysis she shows that the Bitcoin price outlook is mostly bullish. Remarkably, the support levels are very far away (namely $ 42,151.91, $ 38,670.39 and $ 35,734.12), while the resistance levels are closer to the current Bitcoin price, namely $ 53,046.01, $ 55,157.38 and $ 55,526.67.
So we expect a cautiously positive Christmas price for Bitcoin, with eyes now focused first on the $51,503.64 mark. This is namely the 38.2% retracement level of the depreciation range between $66,339 and $42,333. A close above this price would confirm the bullish trend.
By the way, it is also worthwhile to follow the 10 most popular crypto coins of the moment at Christmas.
On Christmas Day, we bring you a Christmas special in which we explain how you can still make money from crypto without investing between Christmas and New Year’s Eve. On Monday, we’ll be back with our crypto price forecast after we’ve enjoyed Christmas. Of course I won’t do that before wishing you, also on behalf of the entire WANT team a Merry Christmas and a healthy and happy 2022.
Do you want to be kept informed about the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay updated in real time. So it could be an exciting afternoon.
Note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide rationally if, when, what and how much you want to invest.