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Crypto Markets Recover $100 Billion on Christmas Day as Bitcoin Taps $98K (Market Watch)

Bitcoin experienced a turbulent trading week following the Fed's rate cut, losing $16,000 in value before bouncing back. On Christmas Eve, it briefly skyrocketed to just over $99,000 before retracing slightly. Despite this, it still saw a 4% daily increase and its market capitalization grew to $1.940 trillion, with dominance over altcoins back above 54%. Other altcoins like Ethereum, XRP, BNB, ADA, TRX, and LINK also saw slight increases in value. Solana, Dogecoin, Toncoin, and AVAX experienced larger gains. The overall market cap of all cryptocurrencies increased by over $100 billion to reach $3.6 trillion.

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