Ethereum

<div class="cryptonews">
 <p class="is-style-lead">The crypto market has started consolidating in the week between Christmas and New Years Day, after registering significant growth over the past month.&nbsp;</p>
 <p>According to data provided by CoinGecko, the leading <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, Bitcoin (BTC) and Ethereum (ETH), have historically witnessed sideways movements with less bearish momentum at the start of the holidays in 2021 and 2022.</p>
 <p>The broader crypto market also recorded slight declines during the end of December in the past two years.&nbsp;</p>
 <p>Per CoinGecko, the global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market capitalization declined from a local high of $1.764 trillion on Dec. 25 to $1.728 trillion at the time of writing — recording a $36 billion decline.&nbsp;</p>
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 <p>On the other hand, data from the market intelligence platform Santiment shows that further bullish momentum could be on the way for the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> ecosystem.&nbsp;</p>
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   <img decoding="async" width="415" height="438" src="https://cdn.thebittimes.com/images/2023/12/27/d2d52ef4645a966b0c8638fdeb2204ea.webp" alt="Why is crypto down today? - 1"> 
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   Trending keywords on social media – Dec. 27 | Source: Santiment
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 <p>According to Santiment, calls for “buy the dip” dominate the crypto social activity on major social media platforms — with X leading the charge, followed by 4chan and Reddit.&nbsp;</p>
 <p>Data shows that over 36% of the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> conversations on social media include the term “buy the dip.”&nbsp;</p>
 <p>Moreover, the terms “buy” and “bullish also have a 2.7% and 0.5% share, respectively. While the number of calls for “sell” has a 1.4% dominance on social media, only 0.1% of the mentions and posts included the term “bearish.”&nbsp;</p>
 <p>The movements come as the global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading volume registers a 14% surge over the past day, reaching $94 billion, per CoinGecko.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/why-is-crypto-down-today-tbt74865.html">https://thebittimes.com/why-is-crypto-down-today-tbt74865.html</a></p>

Why is crypto down today?

TheBitTimes

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