Thursday saw a slight decline in the price of major cryptocurrency tokens, pulled down by altcoins like Ethereum, BNB, Solana, Cardano, and Avalanche. In the meantime, the value of the world’s cryptocurrency market fell by 0.43% to approximately $1.74 trillion over the previous day.

While Ethereum was down 0.12% at $2,377, BTC was down 0.07% at $45,237.

As the market anticipates the approval of a Bitcoin ETF in the first week of January, Bitcoin achieved its highest level in 21 months as it broke out of its consolidation zone and overcame resistance at 45k USD to start the new year.

As of right now, BTC’s support is still at US$44,800, while resistance is located at US$46,100. Simultaneously, Ethereum follows the path of Bitcoin, currently trading at US$2,300. Ethereum needs to break beyond the US$2,500 barrier in order to continue gaining traction.

Avalanche and Solana, two more well-known cryptocurrencies, saw declines of 4% and 3.5%, respectively. A 1-3% fall was seen in BNB, Cardano, Dogecoin, Polkadot, Polygon, Chainlink, Toncoin, and Shiba Inu.

Currently, DeFi’s total volume is $6.98 billion, or 9.69% of the 24-hour volume of the whole cryptocurrency market. At $63.22 billion, the total value of stablecoins represents 87.8% of the 24-hour volume of the cryptocurrency market.

Currently, 51.04% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased 17.7% to $31.6 billion in the last day.Crypto Price Today: Bitcoin is trading over $45,200; Avalanche and Solana are down up to 4%