Asia: Bitcoin’s price remains boxed in below $51K over the holiday weekend

Trading was light across different crypto exchanges on Christmas day and Boxing Day in the U.K.; ether’s price was roughly flat.

Market moves: Bitcoin moved little, as the market activity was muted over the holiday weekend in the U.S.

Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the fourth in a series of stories on the year in cryptocurrency markets by CoinDesk markets analyst Damanick Dantes.

Prices

Bitcoin (BTC): $50,818 +0.4%

Ether (ETH): $4,077 -0.2%

Markets

S&P 500: $4,725 +0.6%

DJIA: $35,950 +0.5%

Nasdaq: $15,653 +0.8%

Gold: $1,807 +0.1%

Market moves

Bitcoin, the No. 1 cryptocurrency by market capitalization, retreated to below $50,000, after a “Santa rally” sent it above $51,000 Friday. At the time of publication, bitcoin had regained ground and was hovering around $50,800.

Crypto trading activity was mostly muted on Christmas day and the day after, Boxing Day in the U.K. Bitcoin’s trading volume across major centralized exchanges was low.

Ether and other major alternative cryptocurrencies also moved little over the weekend: At the time of publication, ether was changing hands at about $4,070, slightly down from Friday’s rally to above $4,100.

Although still down from its 30-day high, polkadot (DOT) was one of the top gainers over the weekend, up over 8% in the past 24 hours.

Source: CoinDesk

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