On November 23, the leading cryptocurrency, Bitcoin, showing signs of a fresh correction after trading via the descending trend line and 50-day moving average near $16,500. Similarly, EthereumThe second most valuable cryptocurrency, has followed bitcoin’s lead and gained more than 5% to 1,163.
Major cryptocurrencies were trading in the green globally as early as Nov 23 crypto market cap rose 3% to $819.18 billion in the previous day. In contrast, the total crypto market volume fell by 5% to $62.21 billion in the past 24 hours.
The total volume in DeFi was $4.61 billion, which was 7% of the total 24-hour volume in the crypto market. The total volume of all stable coins was $59.00 billion, which is 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
Litecoin (LTC)Curve DAO token (CRV), and Dash (Dash) Here are three of the top 100 coins that gained price in the last 24 hours. The LTC price is up over 29% to $80.50, the CRV price is up over 28% to $0.6465, and the DASH price is up almost 20%.
Here are three of the top 100 coins that lost value in the last 24 hours BinaryX (BNX), Chain (XCN)And Tron (TRX), BNX has fallen by more than 10% to $144.09. In the past 24 hours, XCN has declined by more than 1% to $0.0420.
El Salvador Will Issue Bitcoin Volcanic Bonds
El Salvador’s Economy Minister María Luisa Hayam Brave has introduced a measure to legalize the issuance of digital assets, clearing the way for the sale of the country’s first “volcanic” bonds that are backed by bitcoin.
This groundbreaking program, first launched exactly a year ago today, aims to attract investors and financial resources el salvador,
A plan to issue a $1 billion bond on Liquid Network, a federated bitcoin sidechain, was announced at the time, with half going toward purchasing bitcoin outright and the other half going toward expanding the sector’s energy and bitcoin mining infrastructure. Was going towards
A sidechain is a separate blockchain that works in conjunction with another, allowing tokens from the first blockchain to be used securely on another blockchain, despite the fact that the sidechain operates under a different set of rules. Has different performance requirements, and uses different security mechanisms.
Liquid is a bitcoin-compatible sidechain that enables bidirectional bitcoin transactions on the Liquid and bitcoin networks. L-BTC is short for “Liquid Bitcoin,” which is Bitcoin’s representation of the Liquid Network.
Participants of the network, known as “workers”, control and secure an amount of BTC equal to the amount in question.
bitcoin price
the current bitcoin price $16,175, and a 24-hour trading volume of $33 billion. Bitcoin has gained more than 2% in the last 24 hours. coinmarket cap Currently ranked 1st with a live market cap of $310 billion. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,214,437 BTC coins.
On the technical front, bitcoin broke the descending trend line at $16,350, and a bullish breakout of it is exposing BTC price to a target of $17,000.
On the 4-hour time frame, bitcoin formed a bullish engulfing candle and also violated a descending triangle pattern, indicating the potential for an uptrend to continue.
Since both the RSI and the MACD are in a buy zone, we can expect the uptrend to continue. Moreover, a break above the $17,000 level could propel BTC towards the $17,600 level.
On the downside, support for bitcoin remains at $16,000, and a breach of this level could send BTC down to $15,670.
ethereum price
current price of Ethereum $1,161, with a 24-hour trading volume of $12 billion. Ethereum is up more than 5% in the last 24 hours. Coinmarketcap is currently ranked #2 with a live market cap of $142 billion. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.
Ethereum It is attempting to retest the $1,200 level on the 4-hours chart. ETH/USD recovered from the $1,080 support and is now moving north towards the $1,185 level.
On the 4-hour time frame, the ETH/USD pair has formed a bullish engulfing candle, indicating the potential for an uptrend. However, Ethereum must break above $1,190 before we can expect more buying towards $1,235 or $1,290.
On the downside, Ethereum is likely to find support near $1,120, and a break below this level could send ETH as low as $1,080 or even $1,030.
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, developed by Learn2Trade Services, provides market driven insights, trading signals and forecasting services to investors. The cryptocurrency initiative promises to provide customers with enough information to make informed decisions.
D2T started its token sale three weeks ago and has already raised over $6.8 million. It also announced the launch of the first CEX listing on the LBank Exchange. 1 D2T is currently worth 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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