Cryptocurrency trading was mostly flat on December 26. Market activity was limited following the Christmas weekend. Bitcoin held its key support level of $16,800, but the market was still trading marginally higher than that. Ethereum was close to its $1,230 ceiling. The global crypto market is up 0.2% as this article is written.
Bitcoin
Bitcoin (BTC) was slightly above the $16,800 threshold when trading started on Monday, supported by holiday-weakened markets.
Trading volume usually drops during holidays, as many financial markets are shut down.
However, BTC/USD was close to reclaiming $17,000, showing little effect from the festive period.
The session saw prices peak at $16,908.86, slightly higher than the Sunday low of $16,755.25. This led the 14 day RSI to climb to 49.00, while the index is currently at 47.55.
Ethereum
Ethereum (ETH) prices were mostly flat, trading just below the $1,230 mark.
The session saw the ETH/USD hit a new high of $1222.61, lower than the $1,203.72 recorded on Christmas Day.
This was the sixth consecutive day that Ethereum traded below its key resistance level.
