Despite the ongoing fear of the market, major cryptocurrencies, BitcoinThere is a rally above the psychological level of $16,000 on 29 November. Similarly, EthereumThe second most valuable cryptocurrency was rising after finding support near the $1,150 level.
Major cryptocurrencies were trading mixed with global early on Nov 29 crypto market cap It rose about 1.0% to $822.27 billion on the previous day.
In the last 24 hours, the total crypto market volume increased by over 12.5% to $46.87 billion. The total DeFi volume was $2.98 billion, which was 6% of the total 24-hour volume in the crypto market.
The total volume of all stable coins was $45.05 billion, which is 96% 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
Phantom (FTM), chainlink (link)And Dash (Dash) Here are three of the top 100 coins that gained price in the last 24 hours. The FTM price is up over 20% to $0.2196, the LINK price is up over 9% to $7.40, and the DASH price is up almost 8%.
Chain (XCN), Huobi Token (HT)And Convex Finance (CVX) There are three of the top 100 coins whose value has decreased in the last 24 hours. While XCN has lost over 3.5% to trade at $0.037, HT is down almost 1% to trade at $6.45. At the same time, the price of CVX has fallen by over 1% to trade at $4.
BlockFi Files for Bankruptcy
Crypto lender Blockfi announced on Monday that it has filed for Chapter 11 bankruptcy protection, after suffering losses earlier this month due to the risk of a dramatic collapse of the FTX exchange.
When the paperwork was submitted to a New Jersey court, cryptocurrency prices were already in freefall. Over 70% of Bitcoin’s value has been wiped off from its all-time high in 2021.
BlockFi, a New Jersey-based company formed by financial executive-turned-crypto entrepreneur Zack Prince, has filed for bankruptcy, claiming that its significant exposure to FTX caused a liquidity crisis.
Mansoor Hussain, Senior Director, Fitch Ratings, said:
“BlockFi’s Chapter 11 Restructuring Underlines Significant Asset Transition Risks Associated With The Crypto Ecosystem,”
This month, FTX, founded by Sam Bankman-Fried, sought bankruptcy protection in the United States after investors pulled $6 billion from the platform over the course of three days and rival exchange Binance pulled out of the rescue arrangement.
China police track and detect zero-covid protesters
after a phenomenal performance civil disobedience Since President Xi Jinping took office a decade ago, police in China have gone full throttle to crack down on zero-Covid protests and arrested at least one person, according to social media videos.
There were also claims that several protesters participating in street meetings in cities across the country had phone conversations with the authorities.
The arrest is believed to have taken place late Monday night in Hangzhou city. Social media videos from Monday night purportedly show hundreds of police barricading a large public space to prevent a public gathering.
Hence, this is making the crypto market sentiment bearish. Let’s take a look at bitcoin price predictions.
bitcoin price
the current bitcoin price $16,479 with a 24-hour trading volume of $25 Billion. During the past 24 hours, the BTC/USD pair has gained approximately 2.0%, while coinmarket cap It currently ranks first with a live market cap of $316 billion, up from $310 billion yesterday. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,219,543 BTC coins.
on tuesday the BTC/USD It is trading bullish after taking support at the $16,000 psychological trading level. An ascending trend line is forming with support near the $16,000 level on the 4-hour time frame, and candles closing above this level showed a bullish recovery in bitcoin.
On the upside, bitcoin has an immediate resistance at $16,650, which is supported by a descending trend line.
Bitcoin has also formed a double top at $16,650, and a break above this level could take BTC to $17,250 or even higher.
Major technical indicators such as RSI and MACD have entered the buy zone, indicating the start of a buying trend. Bitcoin has crossed the 50-day EMA at $16,250, indicating yet another bullish move.
Alternatively, if bitcoin breaks out of the lower symmetrical triangle pattern and closes the candle below $16,000, it is likely to approach the $15,650 support area.
ethereum price
current price of Ethereum $1,207, with a 24-hour trading volume of $7 billion. In the last 24 hours, Ethereum is up almost 4%. Coinmarketcap is currently ranked #2 with a live market cap of $147 billion. It has a circulating supply of 122,373,866 ETH coins.
Ethereum It has recovered on the 4-hour time frame after completing the 50% Fibonacci retracement level at $1,150. Above this, Ethereum formed a bullish engulfing candle, which is a sign of a bullish trend.
Moreover, the ETH/USD pair has traded above the 50-day simple moving average (SMA) near $1,170, which means that ETH has good chances for a northward move towards the $1,235 double top resistance level.
The increased demand for ETH could allow it to break above this level and reach $1,295 or even higher.
Alternatively, a failure to break the $1,235 resistance could trigger selling towards the $1,150 or $1,135 Fibonacci retracement levels, which mark the 50% and 61.8% Fibonacci retracement levels, respectively.
Pre-Sold Cryptocurrency With Huge Potential Profits
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, a platform for crypto trading intelligence and signals, has sparked investor interest after raising $7 million in just one month. As a result, the D2T team has decided to close the project at Phase 4 and reduce the hard cap target to $13.4 million.
Dash 2 trading has also been successful, with two exchanges (LBank and BitMart) pledging to list D2T tokens after the pre-sale ends. The value of 1 D2T is currently 0.0513 USDT, but at the end of the sale, it will increase to $0.0533.
D2T has so far raised over $7.4 million by selling over 84% of its tokens.
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