Bitcoin may hit $50K on altcoin ‘FUD’ as Ethereum, Solana beat gains

Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight.

BTC/USD 1-hour chart. Source: TradingViewETH, SOL step up as Bitcoin takes liquidity

Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours.

Bitcoin, having tapped new 19-month highs of $44,490 earlier in the week, now troubled market participants as both ETH and Solana (SOL) stole attention.

$BTC Binance Spot Bids sold into and filled it seems

Decent OI wipe here (Binance / Bybit Open Interest & Delta)

— Skew Δ (@52kskew) December 8, 2023


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