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

Bitcoin takes a back seat on low timeframes as ETH and SOL claw back crypto market cap share from BTC.

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

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.

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bitcoin
Bitcoin (BTC) $ 98,175.30
ethereum
Ethereum (ETH) $ 3,494.95
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 696.61
xrp
XRP (XRP) $ 2.32
solana
Solana (SOL) $ 198.37
dogecoin
Dogecoin (DOGE) $ 0.336882
matic-network
Polygon (MATIC) $ 0.531544
chainlink
Chainlink (LINK) $ 24.70
shiba-inu
Shiba Inu (SHIB) $ 0.000023
nexo
NEXO (NEXO) $ 1.40
enjincoin
Enjin Coin (ENJ) $ 0.248554
cardano
Cardano (ADA) $ 0.944553