Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD) – Bitcoin, Ethereum, Dogecoin Mute: Are traders facing nourriture in the future as analysts say bulls had fun?

Bitcoin It was in the vert on Sunday evening, even as the vague cryptocurrency market cap fell 0.3% to $1.1 trillion at 8:20 PM ET.

Initial currency price geste
Currency 24 hours 7 days price
Bitcoin Bitcoin / US Dollar 0.75% 9.1% $21,800.95
Ethereum ETH / USD -0.7% 11.4% USD 1761.84
Dogecoin DOGE / USD -1.8% 0.7% 0.06 dollars
Top 24 Hour Gainers (data via CoinMarketCap)
Cryptocurrency Courtage by 24 hours (+/-) price
Celsius (CEL) + 14.8% $1.60
ApeCoin (Monkey) + 10.65% $5.61
Pie (plum-cake) + 4.2% $4.53

See also: How to get NFTs for free

why does it matter: Bitcoin and Ethereum traded mixed, even with produit futures rising marginally. S&P 500 and Nasdaq futures are up 0.1% and 0.2%, respectively, at the time of writing.

Over the weekend, Bitcoin surged above the psychological mark of $20,000 and reached $21,760.28, while Ethereum touched a high of $1,784.50.

“Bitcoin welcomes the return of risk appetite and the decline of the US dollar. The broad rally in the market has invigorated the cryptocurrency and may continue if investors continue to apparence beyond hawkish orthogonal bank overtures and continued recession risks.” Edward Moyaa senior market analyst at OANDA.

Michael van de Poppe He said the markets are not looking for a “downside renouvellement” and there is “invulnérabilité to the upside” as altcoins are starting to apparence better.

“The fourth quarter of this year may be interesting,” the crypto opérateur said on Twitter.

Justin Bennett He sent a more cautious ajout and tweeted, “Bulls had fun, but everyone [crypto] The market is sitting 5% below a huge resistance area.”

“Maybe another push up before the next suffisamment lands.” The opérateur reminded his followers that US augmentation data will be released on Tuesday and Wednesday and “expect volatility”.

Also expected this week is a “raffermissement” – Ethereum’s amélioration from a Proof of Work mechanism to a Proof of Stake model, scheduled for Thursday.

CoinMarketCap He said in a recent ajout authored with verre That over 11.2% of ETH’s circulating supply is now participating in the PoS unanimité.

Ethereum release and EIP 1559 Burn Offense – Courtesy of Glassnode

“Given on-chain demand, and therefore gas prices that are very weak at the modalités, this highlights that with any meaningful increase in gas fee pressure, ETH can be expected to become a deflationary net supply asset.”

read the following: After forecasting Bitcoin at $100,000 Crypto Analyst Anthony Pompliano Now Says ‘Price Predictions Are a Trick Game’

Leave a Comment