{"id":384917,"date":"2021-12-23T13:18:30","date_gmt":"2021-12-23T10:18:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022\/"},"modified":"2021-12-23T13:18:30","modified_gmt":"2021-12-23T10:18:30","slug":"bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022\/","title":{"rendered":"# Bitcoin price flatlines as XRP hits $1 with &#8216;massive&#8217; altcoin move set for 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4007eede44a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4007eede44a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022\/#Hodlers_busy_accumulating\" >Hodlers busy accumulating<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022\/#%E2%80%9CSanta_rally%E2%80%9D_comes_to_XRP_as_altcoins_simmer\" >&#8220;Santa rally&#8221; comes to XRP as altcoins simmer<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price flatlines as XRP hits $1 with &#8216;massive&#8217; altcoin move set for 2022 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) stuck rigidly to its tight range on Dec. 23 as price action continued to contradict strong buying activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/74ab599d-c535-4599-b22b-ccab2bef34be.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Hodlers_busy_accumulating\"><\/span>Hodlers busy accumulating<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed BTC\/USD failing to hold $49,000 after hitting ten-day highs.<\/p>\n<p>The pair remained stuck in a trading zone only around $4,000 wide, a key factor fuelling bets that a &#8220;short squeeze&#8221; would hit over the holiday period.<\/p>\n<p>Against declining volatility, data reinforced conviction among investors, with the supply being bought up at roughly three times the rate of new BTC being mined.<\/p>\n<p>&#8220;Strong handed HODLers are absorbing supply at more than <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le the rate of new coins being mined each day,&#8221; on-chain analytics firm Glassnode summarized in the latest edition of its weekly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-51-2021\/\">The Week Onchain<\/a>.<\/p>\n<p>Glassnode additionally noted that at a spot price of $47,000, over one quarter of the BTC supply was underwater compared to when it last moved.<\/p>\n<p>As Cointelegraph reported, the likelihood of a squeeze up or down on BTC\/USD will likely increase over the new year as decreased activity thins out liquidity and allows for volatility to enter more easily.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> Update \u2705<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> bounced 8% <br \/>$46k re-entry after selling $52k &amp; back up to $50k<\/p>\n<p>Throwback and S&amp;R flip likely from here. <br \/>Only a breakout above $50k would be the significant breakout and LONG entry <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/midterm?src=hash&amp;ref_src=twsrc%5Etfw\">#midterm<\/a> in case u missed this bounce (downtrend breakout) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eKICOZLza6\">pic.twitter.com\/eKICOZLza6<\/a><\/p>\n<p>\u2014 AN\u20bfESSA (@Anbessa100) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Anbessa100\/status\/1473601656424222726?ref_src=twsrc%5Etfw\">December 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among traders, $50,000 remained the point to watch for resumption of a more bullish stance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CSanta_rally%E2%80%9D_comes_to_XRP_as_altcoins_simmer\"><\/span>&#8220;Santa rally&#8221; comes to XRP as altcoins simmer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among altcoins, Wednesday&#8217;s exuberance was waning, with only two of the top ten cryptocurrencies by market cap still in the green on daily timeframes at the time of writing.<\/p>\n<p><strong><em>Related:\u00a0Price analysis 12\/22: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE<\/em><\/strong><\/p>\n<p>The standout was XRP, which maintained weekly gains of over 18% to return to $1 for the first time since the start of December.\u00a0Ether (ETH) was back below $4,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/dc0e46f5-7e79-41f6-a441-3a2eff6ef656.png\"><figcaption style=\"text-align: center;\"><em>XRP\/USD 1-day candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>For Cointelegraph contributor Micha\u00ebl van de Poppe, however, signs were flowing in that a new year&#8217;s rebound made buying this week a solid strategy.<\/p>\n<p>&#8220;More and more weekly charts are shaping up beautifully on the altcoins,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1473941537704849412\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers. <\/p>\n<blockquote><p>&#8220;2022 will be massive.&#8221;<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-flatlines-as-xrp-hits-1-with-massive-altcoin-move-set-for-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price flatlines as XRP hits $1 with &#8216;massive&#8217; altcoin move set for 2022 &#8221; Bitcoin (BTC) stuck rigidly to its tight range on Dec. 23 as price action continued to contradict strong buying activity. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers busy accumulating Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD failing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":384918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNWEzYjQ0YTEtYWMyYi00ZmYxLThkYmQtY2NhMzE2OWZkOGEyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,75557,73785],"class_list":["post-384917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-xrp","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=384917"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/384918"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=384917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=384917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=384917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}