During the Asian session on 19 December, Bitcoin It is trading at $16,700 as investors await a solid fundamental to drive price action. Similarly, Ethereum Trading in a choppy range of $1,150 to $1,200. Breaking out of this range will help us determine future market price movements.
The leading cryptocurrency was trading in the red as early as December 19, despite the fact that global crypto market The cap rose 0.60 percent to $812.94 billion on the previous day. The entire cryptocurrency market volume in the last 24 hours is $21.44 billion, a decline of 23.51 percent.
The total DeFi volume was $1.17 billion, which was 5.46 percent of the total 24-hour volume in the crypto market. The total volume of all stable coins was $19.30 billion, which is 90.04 percent of the total 24-hour volume of the crypto market.
Crypto whale offloaded 280k BTC in 30 days
The largest bitcoin (BTC) holders, known as “whales,” are selling more bitcoin than ever before in a 30-day period. According to on-chain data collected by Glassnode, these whales dumped a total of 280,000 BTC during the last 30 days.
Currently, whales are believed to control around 9 million BTC, a substantial proportion of the entire BTC supply.
The price of bitcoin can be affected by selling by major holders who have considerable market power.
On-chain Glassnode data verifies that there is a concentration of selling pressure coming from BTC whales, as shown by the trend accumulation score by the Cohort indicator.
bitcoin price
current price of bitcoin is $16,727, and the 24-hour trading volume is $12 billion. The BTC/USD pair has gained about 0.15% over the past 24 hours, while coinmarket cap Currently ranked 1st with a live market cap of $321 billion.
BTC/USD is expected to find an initial support near $16,560 on Monday. BTC price could continue higher towards the 23.6% Fibonacci retracement level of $17,000, with the RSI and MACD in the oversold zone.
The 38.2% Fibonacci retracement level and the 50-day simple moving average at $17,250 will act as new resistance for the BTC/USD pair going forward. If bitcoin price declines below $16,570, the $16,150 support could weaken.
ethereum price
of ethereum The current price is $1,181, with a 24-hour trading volume of $3.9 Billion. In the past 24 hours, Ethereum has gained almost 4%, and is currently ranked second on Coinmarketcap with a live market cap of $161 billion.
on the 4 hour chart, Ethereum It was trading choppy in a narrow range from $1,150 to $1,200. Since, the 50-day moving average is raising resistance near the $1,240 level, and the RSI remains in the sell zone, Ethereum has the potential to decline below $1,150.
On the downside, the next support for ETH is likely to be found near the $1,115 or $1,080 levels.
Alternatively, a break above $1,200 could expose ETH towards the $1,235 level.
High Profitability Alternative Coins
The global crypto market is bearish but some coins are making headlines. Why don’t we check them out?
FightOut (FGHT) – Presale Launch
to fightA new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to Web3 has attracted the attention of investors who see the project as having the potential to revolutionize the current Web3 M2E landscape. Let’s see, has launched its pre-sale.
While existing M2E apps such as StepN only measure steps and require an expensive non-fungible token (NFT) buy-in to join, FitOut offers a more comprehensive approach to tracking and compensating users for exercise and activity. which does not require any such buy-in. ,
As the pre-sale raised over $2.85 million in just a few days, interested investors are urged to act quickly to secure their FGHT tokens at the current price of 60.06 USDT per 1 USDT.
FGHT Coin will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Final Stage of the Pre-Sale
Dash 2 Trade is a promising cryptocurrency trading platform startup to invest in. With its unique features, the new analytics and social trading platform is predicted to take the crypto trading sector by storm.
Trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool are among the features.
The Dash 2 trade ecosystem will be powered by the D2T token, which users must purchase and hold in order to access the platform’s services. Dash 2 Trade is now conducting a token pre-sale at a significantly reduced price, selling just above $10.1 million.
The tokens can be purchased now for $0.0533 per token and will be available on multiple centralized exchanges within the next month.
Calvaria (RIA) – Final pre-sale phase now
A new play-to-earn battle card crypto game called RIA could become a reality. Calvaria aims to increase cryptocurrency acceptance through building a bridge between the real world and cryptocurrency in the shape of an entertaining and simple-to-play crypto game.
Calvaria’s RIA token pre-sale could garner investor interest. Calvaria has now raised $2.48 million and is closing on the completion of its fundraising campaign with only 20% of the tokens remaining.
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