Skip to content Skip to sidebar Skip to footer


November 25, Bitcoin, the leading cryptocurrency, failed to break above the $16,800 level and started falling towards the 38.2% Fibonacci retracement level. In the same way, Ethereumthe second most valuable cryptocurrency, followed Bitcoin’s lead and is currently trading lower towards $1,160.

The reason for the market’s risky sentiment could be related to recent Hodlnaut updates.

According Bloomberg NewsThe Commercial Affairs Department, the Singapore Police Force’s White Collar Crime Unit, is investigating Hodlnaut, a Singapore-based crypto lender that is currently under interim forensic management.

Crypto Market Cap Update

Major cryptocurrencies were trading unevenly at the start of November 25, as the world crypto market cap fell 1% to $828.27 billion the previous day. In contrast, the total crypto market volume fell 47% in the past 24 hours to $48.87 billion.

The overall DeFi volume was $3.21 billion, which represents 6% of the total 24-hour volume in the crypto market. The aggregate volume of all stablecoins was $44.98 billion, which is more than 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 Winners and Losers

BinaryX (BNX), Huobi Token (HT), and Batteries (STX) are three of the top 100 coins that have risen in value over the past 24 hours. BNX price climbed over 7% to $169, HT price rose over 5% to $5.65, and STX price rose almost 1.5%.

Top Altcoin Gainers and Losers – Source: Coin360

UNUS SED LEO (LEO), Klaytn (KLAY), and Arweave (AR) are three of the top 100 coins that have lost value in the last 24 hours, where LEO and KLAY lost more than 7% to trade at $3.88 and $0.17, respectively. At the same time, AR’s price fell over 6% to trade at $8.95.

bitcoin price

The stream bitcoin price is $16,418 and the 24-hour trading volume is $24 billion. Over the past 24 hours, the BTC/USD pair has fallen nearly 1.5%, while CoinMarketCap currently ranks number one with an actual market capitalization of $346 billion, up from $350 billion yesterday. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,216,412 BTC coins.

Bitcoin Price and Tokenomics – Source: coinmarketcap

Looking at techniques, Bitcoin has yet to cross the $16,785 mark, despite dovish minutes from the FOMC meeting. Investors seem to be familiar with FUD following FTX and now news from Hodlnaut.

The BTC/USD The pair is currently declining towards a 38.2% Fibonacci retracement level of $16,300. On the 4-hour time frame, it has already crossed the 50-day moving average line, indicating a selling bias.

Bitcoin price chart – Source: Tradingview

Likewise, the main technical indicators, such as the RSI and MACD, are about to enter a sell zone, and if that happens, BTC could break below the $16,300 mark and reach a level of support of $16,000. The next level of support is set at $15,600.

An upside break of the $16,785 level, on the other hand, could expose BTC at the $17,000 or $17,550 level.

Ethereum Price

The current price of Ethereum is $1,177, with a 24-hour trading volume of $9 billion. In the past 24 hours, Ethereum has gained more than 2%. CoinMarketCap currently ranks second, with a live market capitalization of $144 billion. It has a circulating supply of 122,373,866 ETH coins.

Ethereum and Tokenomics prices – Source: coinmarketcap

On the 4-hour chart, Ethereum is trading lower at $1,176 and has formed a bearish engulfing candle, indicating the possibility of a bearish market bias.

ETH is currently testing the 50-day moving average line at $1,175 and a bearish cross below this level could lead to a 38.2% Fib level of $1,160.

A further break below this level could take ETH to $1,145 or $1,130, which are 50% and 61.8% Fibo levels respectively.

Ethereum price chart – Source: Tradingview

On the upside, major resistance for ETH remains at $1,216, and a break above it could take it to the $1,250 level. Later today, investors should keep an eye on the $1,160 level as failure to break below this level could result in a bullish bounce or vice versa.

Litecoin jumps 23%

The current price of Litecoin is $77, with a 24-hour trading volume of $1.1 billion. Litecoin has gained over 1% in the past 24 hours, but its weekly gain is over 23%. CoinMarketCap is currently ranked 13th, with a live market capitalization of $5.5 billion.

It has a maximum supply of 84,000,000 LTC coins and a circulating supply of 71,687,456 LTC coins.

Some of the cryptocurrency market’s most well-known experts have commented on Litecoin’s recent price surge, predicting that the cryptocurrency will undergo a massive breakout after the period of “great accumulation” that preceded its next price reduction event. half.

Pseudonymous crypto analyst Kaleo recently told his 500,000+ Twitter followers that the recent LTC surge appears to be the “real deal” as the cryptocurrency is “long overdue for a solid pump.”

According to Kaleo, the price of Litecoin has long lows where it slowly drops, followed by quick highs.

After “a very substantial accumulation”, Smart Contracter, another well-known cryptocurrency expert, observed that LTC seems to be breaking out of its range.

According to the analyst, BTC tends to bottom around 500 days before its next halving event, and LTC’s breakout occurs less than 230 days before its own halving.

Litecoin Price Prediction

Litecoin was rejected below the $83.65 resistance level on the technical front, and candle closes below this level triggered a bearish correction.

Litecoin price chart – Source: Tradingview

Litecoin has already completed a 23.6% Fibonacci retracement and is now falling towards $74, which is extended by a 38.2% Fibonacci retracement. The LTC/USD pair is likely to reverse higher above the support levels at $74 or $68.75 (61.8% Fibo level).

Cryptocurrency presale with huge potential gains

Trade Dash 2 (D2T)

Dash 2 Exchange is an Ethereum-based trade intelligence platform that provides traders of all skill levels with real-time analytics and social data, enabling them to make more informed decisions.

D2T, developed by the Learn 2 Trade service, provides investors with market-oriented information, trading signals and prediction services. Customers will receive enough information to make informed decisions, according to the cryptocurrency initiative.

D2T started selling tokens three weeks ago and raised over $6.9 million. Following the presale, D2T will be listed on LBank and BitMart, with a significant increase in asset prices expected.

The current value of 1 D2T is 0.0513 USDT, but it is expected to reach $0.0533 in the next stage of sales and $0.0662 in the final stage.

Visit Dash 2 Trade now

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Crypto news





Source link

Leave a comment