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Bitcoin Holds Steady Amid Solana's Volatility as Crypto Market Slides

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ETH
$2,944.66-2.34%
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XRP
$1.86362-2.15%
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SOL
$122.77-3.02%
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BTC
$87,427.50-1.47%
Market volatility weighed on the crypto sector as the total market cap fell to $2.91 trillion on December 18, down 2.4% from the prior day. Ethereum, Ripple, and Solana all hit multi-month lows, with Solana dropping to $123 and testing March 2024 support. Bitcoin remained stable near $87,000, hovering around $90,000 resistance. Volatility has eroded Solana’s value by half since its September peak. K33 Research noted that long-term Bitcoin holders have largely finished active selling, while institutional demand has outpaced mining output since November 2024.
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