Bitcoin Asian trading hit two-year lows on Tuesday morning as investors drove down prices for most cryptocurrencies on fears the failure of the FTX.com cryptocurrency exchange on Nov. 11 could lead to bankruptcy of other businesses with ties to the exchange. It is possible
EthereumThe second most valuable cryptocurrency, after bitcoin, is trading bearish, falling to $1,100.
global crypto market The cap fell 0.75% over the past day to $786 billion, with the major cryptocurrency trading flat at the start of Nov. 22. In contrast, the total crypto market volume increased by 21% in the last 24 hours to $66.85 billion.
The total DeFi volume was $4.31 billion, which is 6% of the total 24-hour volume in the crypto market. The total volume of all stable coins was $63 billion, accounting for 94% of the total 24-hour volume of the crypto market.
Let’s take a look at the top 24-hour altcoin gainers and losers.
Top Altcoin Pros and Cons
Huobi Token (HT)ImmutableX (imx), and AppCoin (APE) Here are three of the top 100 coins that gained price in the last 24 hours. HT price is up more than 10% to $4.85, IMX price is up more than 5% to $0.4045, and APE price is up almost 4%.
Yunus Sed Leo (Leo), Chile (CHZ), and CHAIN (XCN) are three of the top 100 coins that decreased in value over the last 24 hours. LEO has lost over 13% to trade at $0.1930. CHZ has fallen over 7% to $0.1785 in the last 24 hours.
Bitcoin falls to two-year low amid FTX fall fears
for fear of repetition Terra-Luna stablecoin collapse In May, which brought other businesses down as well, investors fear the prospect of more bankruptcies among companies linked to Now-Bankrupt FTX Exchange.
The financial health of crypto investment bank Genesis Global Trading, controlled by the venture capital arm of Digital Currency Group, is attracting a lot of attention in the crypto market because of the firm’s exposure to the now-defunct FTX exchange.
The company’s brokerage arm, Genesis Global Capital, held deposits of about $2.8 billion and temporarily suspended withdrawals, according to its most recent quarterly report as of the end of September.
New York-based Genesis Global Trading explained the move by citing an “unusual withdrawal request” that exhausted Genesis Capital’s available funds.
It expressed concern that the company’s financial woes resulting from the collapse of FTX are contagious.
Genesis announced via Twitter on November 16 that it has retained “the greatest advisors in the space to investigate all options”.
As a result, the increased level of FUD is keeping the crypto market in a bearish state.
bitcoin price
the current bitcoin price $15,817, and a 24-hour trading volume of $33 billion. Bitcoin is down 1.99% in the last 24 hours.
With a live market cap of $303 billion, coinmarket cap Currently ranked first.
It has a total volume of 21,000,000 BTC coins and a circulating supply of 19,213,900 BTC coins.
Bitcoin’s technical outlook remains bearish, as it has already breached the lower side of the $16,000 to $17,000 sideways trading range. A bearish breakout of this range is likely to fuel another selling trend until the next support at $15,250 is reached.
The BTC/USD pair is likely to find support in a double-bottom pattern at $15,650 on the way to $15,250. On the 4-hour time frame, bitcoin has formed a descending triangle pattern, which usually indicates the possibility of a bearish breakout.
Moreover, a break above the $15,250 level could allow more selling towards $14,850. Bitcoin is currently facing an immediate resistance near the $16,250 level, and a break above this level could take BTC to the next resistance area at $17,150.
ethereum price
current price of Ethereum $1,101, with a 24-hour trading volume of $13 billion. Ethereum is down more than 2% in the last 24 hours. With a live market cap of $134 billion, Coinmarketcap currently ranks second. It has a circulating supply of 122,373,866 ETH coins.
Ethereum It is attempting to retest the $1,100 level on the 4-hours chart. ETH/USD has broken out of the lower side of a symmetrical triangle, indicating the potential for a continuation of a strong downtrend.
On the upside, the 50-day moving average is extending as a key resistance at $1,215 and will almost certainly act as a key resistance below the previously breached triple bottom.
A candle close below this level could lead a decline in ETH towards the $1,075 or $1,000 support area.
Huobi Token Profit 10%
Huobi Token It is now trading at $4.91 with a 24-hour trading volume of $19M. Huobi Token is up by more than 10% in the last 24 hours.
CoinMarketCap now ranks it #51 with a live market cap of $752 million.
There are 153,357,694 HT coins in circulation, with a maximum supply of 500,000,000 HT coins.
On the technical front, HT declined to the double bottom support at $3.95. A candle close above the $3.95 support could trigger a bullish reversal as the RSI and MACD indicators are oversold.
At the moment, HT has completed 23.6% Fibonacci retracement at $5.35; A break above this level has the potential to generate additional buying up to $6 or $7.45, which are powered by the 38.2% or 61.8% Fibonacci retracements, respectively.
Pre-Sold Cryptocurrency With Huge Potential Profits
Dash 2 Trade (D2T)
dash 2 business Ethereum-based trading intelligence platform that provides real-time analytics and social data to traders of all skill levels, allowing them to make more informed decisions.
D2T, built by Learn2Trade Services, provides market driven insights, trading signals and forecasting services to investors. The cryptocurrency endeavor promises to provide customers with enough information to make an informed decision.
D2T started its token sale three weeks ago and has raised over $6.7 million. It also announced the launch of its first CEX listing on the LBank exchange.
The current price of 1 D2T is 0.0513 USDT but it is expected to rise to $0.0533 in the next phase of the sale and to $0.0662 in the final phase.
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