$40k Support in Focus Amid ARK’s Coinbase Share Sell-Off

Bitcoin (BTC/USD) at Risk as ARK Continues to Unload Coinbase (COIN) Shares

Bitcoin maintains its position above the crucial 40k mark, a pivotal point for potential further decline. The crypto industry demonstrates resilience, as recent research indicates that 83% of crypto mentions convey positivity. Today’s price slump resulted in the liquidation of over $300 million in long positions. Explore the DailyFX Education Series for insights on price action, chart patterns, and moving averages. Analytics Insight has listed the top 10 current cryptocurrency prices as of December 12, 2023.

Bitcoin- US$25,995.18 (Down by 1.68%)

Ethereum- US$1,649.45 (Down by 1.07%)   

Tether- US$0.9997 (Down by 0.04%)

BNB- US$215.13 (Up by 7.93%)

XRP- US$0.5124 (Down by 1.18%)

USD Coin- US$0.9999 (Down by 0.04%)     

Cardano- US$0.2615 (Up by 0.01%)

Dogecoin- US$0.06219 (Down by 0.28%)

Solana- US$20.62 (Up by 16.14%)

TRON – US$0.07653 (Down by 4.17%)

According to CoinMarketCap, the total crypto market volume over the last 24 hours is US$82.07B experiencing a downfall of 0.72%.