During the Asian session on 21 December, Bitcoin The price forecast remains bearish below $17,000 as investors await US consumer confidence data. Similarly, Ethereum It traded bullish at $1,220, but the bulls seem to be tiring, keeping ETH below the $1,222 resistance.
global crypto market cap It gained 1.50 percent to $811.88 billion on the previous day as the leading cryptocurrency was trading in the green early on December 21. The total crypto market volume has increased by 9.38 percent to $36.06 billion in the last 24 hours.
The total DeFi volume currently stands at $1.71 billion, which is 4.74 percent of the total 24-hour volume in the crypto market. The total volume of all stable coins is now $33.20 billion, which is 92.08 percent of the total 24-hour volume of the crypto market.
Retail bitcoin ownership surges despite 2022 crypto contagion
Despite the collapse of some well-known ventures, retail investors have accumulated more bitcoin this year. Bitcoin long-term holders also control a record proportion of the currency. When it comes to crypto, things are not always bleak. Despite a 75% price drop, bitcoin’s on-chain metrics remain good.
On-chain data from Glassnode shows that the percentage of BTC held by retail traders has reached an all-time high of 17%. By profession, retail investors are individuals with less than ten bitcoins in their wallet.
Furthermore, the data shows a dramatic increase in retail ownership during the past month. Will Clemente, co-founder of Reflexivity Research, made the following observation on December 20:
“Not perfect yet, but solid for a 12 year old property and definitely headed in the right direction.”
Whenever the media starts spreading fear, uncertainty and doubt (FUD), retail investors are often the first to sell (fear, uncertainty and doubt). As it happened in 2018 after the crackdown on ICOs (Initial Coin Offerings), it is set to happen in 2022.
CB Consumer Confidence in Highlights
The Consumer Confidence Index will be released half an hour after the market opens on Wednesday. Like last month’s event, this could have a significant impact on the market, especially as the holiday season is traditionally characterized by increased spending.
If it turns out to be weaker than expected, there is a risk of recession. Given the rise in interest rates, the prospect of changes in employment numbers, and a slowdown in wage growth, this could be a highly important report leading up to the holidays.
bitcoin price
current price of bitcoin $16,810, and a 24-hour trading volume of $19 billion. The BTC/USD pair has gained approximately 0.15% over the past 24 hours, while coinmarket cap Currently ranked 1st with a live market cap of $323 billion.
BTC/USD is facing immediate resistance at $17,000, and a bullish breakout of this level could take BTC to $17,500. An immediate support for bitcoin lies at $16,500, and a break below this level could expose BTC to $16,320.
The 50-day moving average keeps bitcoin under pressure, while the RSI and MACD are in the buy zone. Let’s keep an eye on $17,000 today, as this is likely to act as a turning point for bitcoin.
ethereum price
of ethereum The current price is $1,208, with a 24-hour trading volume of $5.5 Billion. In the past 24 hours, Ethereum has gained about 0.20%, and is currently ranked second with a live market cap of $147 billion according to Coinmarketcap.
on the 4 hour chart, Ethereum There is a struggle below $1,220, and the close of a doji and bearish engulfing candle suggests strong chances of a bearish reversal.
On the downside, immediate support for Ethereum is found at $1,180 and $1,150. A break above the $1,150 support area could extend the selling trend towards $1,110. On the upside, a crossover above $1,220 could extend the buying trend towards $1,280.
High Profitability Alternative Coins
The entire cryptocurrency market is negative, but only a few coins are generating news.
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 opened its pre-sales, attracting the attention of investors who want the initiative to scale the current Web3 M2E landscape. See it as the ability to disrupt.
While other M2E applications such as StepN simply count steps and require an expensive non-fungible token (NFT) buy-in to participate, FitOut takes a more comprehensive approach, tracking and paying users for exercise and activity. which does not require any such buy-in.
The FightOut crypto ecosystem will be powered by the FGHT token. Because the pre-sale raised over $2.75 million in just a few days, investors are urged to act soon to get their FGHT tokens at the current price of 60.06 USDT per 1 USDT.
Dash 2 Trade (D2T) – Final Phase of the Presale
Dash 2 Trade is an exciting cryptocurrency trading platform company that you can invest your money in. The new analytics and social trading platform is expected to take the crypto trading business by storm because of its unique features.
Features include trading signals, social sentiment and on-chain indicators, pre-sale token scoring system, token listing alert system, and strategy back-testing tools.
The D2T token, which users must purchase and hold in order to access the platform’s services, will fuel the Dash 2 Trade ecosystem. Dash 2 Trade is now conducting a token pre-sale at dramatically reduced prices, selling over $10.3 million.
The tokens are now available for purchase for $0.0533 per token and will be offered on various centralized exchanges over the next month.
Calvaria (RIA) – Final pre-sale phase now
RIA, a new play-to-earn battle card crypto game, may become a reality. Calvaria aims to increase cryptocurrency acceptance by building a bridge between the real world and cryptocurrencies in the form of an engaging and simple-to-play crypto game. Investors may be interested in Calvaria’s RIA token pre-sale.
Calvaria has raised $2.5 million and is nearing the end of its fundraising campaign, with only 18% of its tokens remaining.
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