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On Thursday, major crypto currencies were trading moderately lower, pulled down by altcoins like as Ethereum, BNB, Solana, Cardano, and Avalanche. Meanwhile, the global cryptocurrency market worth fell 0.43% in the last 24 hours to roughly $1.74 trillion.

Bitcoin was down 0.07% to $45,237, while Ethereum was down 0.12% to $2,377.

BTC reached its highest level in 21 months as Bitcoin began the new year by breaking out of its consolidation zone and breaking through the resistance at 45k USD, as the market anticipates the approval of a Bitcoin ETF in the first week of January.

BTC’s resistance is currently located at US$46,100, while support remains at US$44,800. Ethereum, which is currently trading at US$2,300, follows Bitcoin’s trajectory. To maintain momentum, Ethereum must break through the US$2,500 barrier.

Solana and Avalanche, two popular altcoins, lost 3.5% and 4%, respectively. BNB, Cardano, Dogecoin, Polkadot, Polygon, Chainlink, Toncoin, and Shiba Inu all fell between 1% and 3%.

The overall volume in DeFi is currently $6.98 billion, accounting for 9.69% of the total 24-hour activity in the crypto market. The overall volume of all stablecoins is now $63.22 billion, accounting for 87.8% of the total 24-hour volume of the crypto market.

According to CoinMarketCap, Bitcoin presently has a 51.04% market share. BTC volume increased 17.7% in the last 24 hours to $31.6 billion.