{"id":478473,"date":"2021-12-08T12:48:30","date_gmt":"2021-12-08T12:48:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=478473"},"modified":"2021-12-08T12:48:55","modified_gmt":"2021-12-08T12:48:55","slug":"bitcoin-hovers-below-50k-after-weekend-wipeout-crypto-roundup-dec-6-2021","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/trade\/bitcoin-hovers-below-50k-after-weekend-wipeout-crypto-roundup-dec-6-2021\/","title":{"rendered":"Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021"},"content":{"rendered":"

Ethereum shows strength as MATIC rises 7%<\/em><\/strong><\/p>\n

\u00a0<\/em>Global market jitters spread to crypto at the weekend, with Bitcoin<\/a> falling to $42K before bouncing to almost $50K.<\/p>\n

Markets are digesting multiple uncertainties, including the many unknowns of the Omicron variant<\/a>, and the possibility of an end to pandemic-era central bank stimulus<\/a>. Combined with thin weekend trading volume and the build up of leverage<\/a>, this led to cascading sell orders and liquidations across the crypto market on Saturday. Nevertheless, El Salvador\u2019s President Nayib Bukele<\/a> was not deterred and joined MicroStrategy<\/a> in buying the dip.<\/p>\n

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In a show of strength, Ethereum<\/a> outperformed Bitcoin during the downturn. The leading smart contract platform stayed above $4K, showing only 6% weekly losses compared to Bitcoin’s 15%. Even stronger, Layer 2 solution Polygon (MATIC)<\/a> emerged from the downturn with 6% weekly gains.<\/p>\n

This Week\u2019s Highlights<\/h4>\n