On December 3, Bitcoin, the leading cryptocurrency was struggling to break the $17,250 level, and it is now correcting higher towards a low of $16,900. Similarly, EthereumThe second most valuable cryptocurrency declined after rejecting $1,300 and is now consolidating near $1,275.
Major cryptocurrencies trading mostly in the green on December 3 global crypto market cap 0.92% to $859.91 billion over the previous day. In the last 24 hours, the total crypto market volume fell by 12% to $89.31 billion. The overall cryptocurrency market volume was $38.08 billion in the last 24 hours, a decline of 10%.
The total volume in DeFi currently stands at $2.84 billion, which is 7.5% of the entire 24-hour volume in the crypto market. The total volume of all stable coins is now $35.45 billion, which is 93% 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
Here are three of the top 100 coins that gained price in the last 24 hours Aptos (APT), quant (qnt)And UNUS SED Leo (LEO), APT is up more than 8% to $4, QNT is up more than 7.5% to $130, and LEO is up almost 5%.
looping (LRC), EthereumPOW (ETHW)And Terra Classic (LUNC) There are three of the top 100 coins whose value has decreased in the last 24 hours. While LRC has lost about 3% to trade at $0.2535, ETHW is down about 3.5% to trade at $3.85. Meanwhile, the LUNC price is down over 4% to trade at $0.00017.
Hot US NFP supports Fed’s call for higher rates
Wage growth and job creation have been strong indicators that the Federal Reserve needs to do more to get inflation under control. This certainly shook the market. However, market players will remain skeptical about how long the strong performance can be sustained given the continuing downside risks.
Even with figures down 23,000 from the previous two months, the US economy added 263,000 jobs in November, well above the 200,000 consensus expectation. The leisure and hospitality sectors added 88,000 jobs, while the education and health sectors added 82,000.
The construction industry saw an increase of 20,000, while the manufacturing sector saw an increase of 14,000. The decline in both retail and wholesale trade was (-49,000), however (-30,000).
Workers’ morale was further boosted by a 0.6% increase in expected monthly wages, bringing the annual rate of wage growth to 5.1%. Despite a second consecutive decrease in the number of people who said they were employed (this time by 138,000), the unemployment rate remained unchanged at 3.7%, according to a survey of households.
The unemployment rate remained unchanged as fewer people are choosing to participate in the labor force. Fed officials will be hoping that today’s data will be the jolt needed to encourage market players to finally believe in the Fed’s intentions, given repeated warnings that rates to guarantee inflation will be defeated. Likely to last longer.
bitcoin price
the current bitcoin price is $16,986, and the 24-hour trading volume is $18 billion. Over the past 24 hours, the BTC/USD pair has gained over 0.50%, while coinmarket cap currently ranks first with a live market cap of $356 billion, down from $358 billion yesterday.
It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,223,025 BTC coins.
BTC/USD The pair struggled to break the $17,250 level, and the closing of the doji and spinning top candles suggested a bearish correction.
On the downside, bitcoin completed the 23.6% Fibonacci retracement level at $16,900, and a candle close below $16,950 could signal fresh selling until the $16,750 hurdle is reached.
Furthermore, bitcoin could target the $16,600 level, which is the 50% Fibonacci retracement, and a break below this could expose BTC to the $16,450 level, which is the 61.8% Fibonacci retracement.
On the upside, a bullish break of the $17,250 barrier could expose BTC to higher levels of $17,650 and $18,100.
ethereum price
current price of Ethereum $1,285, with a 24-hour trading volume of $6 billion. In the last 24 hours, Ethereum is up about 1%. Coinmarketcap is currently ranked #2 with a live market cap of $157 billion. It has a circulating supply of 122,373,866 ETH coins.
on the 4 hour chart, Ethereum It traded bullish but failed to break the $1,310 resistance to signal the start of a downside correction. The tweezers top formation is undermining the bullish trend and could lead to a bearish market correction.
An immediate support for Ethereum is estimated near $1,225, with a downside break below $1,150.
Since the MACD is in a sell zone while the RSI is still in a buy zone, the two indicators are diverging. Besides, the 50-day Simple Moving Average (SMA) continues to signal a buying trend.
Conversely, a bullish break above the $1,310 level could expose ETH price towards the $1,354 level.
Presale cryptocurrency with massive profit potential
Dash 2 Trade (D2T)
Dash 2 Trade is an Ethereum-based trading intelligence platform that provides real-time analytics and social data to traders of all skill levels, allowing them to make better-informed decisions. The platform will go live in the first quarter of 2023, providing investors with information to help them make proactive trading decisions.
Dash 2 Trade has also been successful, with two exchanges (LBank and BitMart) pledging to list the D2T token after the pre-sale ends. The value of 1 D2T is currently 0.0513 USDT, but will increase to $0.0533 at the end of the sale. D2T has so far raised over $7.8 million by selling over 91% of its tokens.
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