CRYPTO NEWS - Crypto Market is Recovering - We are in Green Zone for Today
CRYPTO NEWS - Crypto Market is Recovering - We are in Green Zone for Today
00:05 Intro
01:48 Crypto News
02:17 Bitcoin News
03:32 Ethereum News
04:15 Bitcoin Technical Analysys
05:40 Ethereum Technical Analysys
06:01 Crypto Market News
07:45 Outro
On Monday afternoon, the cryptocurrency market came under impressive pressure, reducing its total capitalization by 6% to 2.12 trillion. The Fear and Greed Index for the sector returned to extreme fear territory, falling from 28 to 21.
It is not easy to pinpoint the exact trigger for the new wave of pressure, but it intensified and widened after the two largest cryptocurrencies gave up their key positions.
Bitcoin has fallen below its 200-day average, trading below $47K as of this writing. Not counting the intraday drop on Dec. 6, these are the lowest values since early October, and bitcoin has lost a third of its value from its peak levels just over a month ago. By and large, the highs at 69K were the starting point for pressure on BTCUSD. Should the decline develop, it is worth paying increased attention to the 40k and 30k levels, significant round levels where bitcoin had previously reversed to the upside.
The drop in ETHUSD below 4,000 has intensified the sell-off.
The pullback now exceeds 23% of the peak, signaling the start of a bear market. ETHUSD's previous deep correction earlier this year stopped only after losing 60%, pushing the price from $4400 to the $1700 area. Should upward pressure develop, the intensity of the tug-of-war between bulls and bears could increase near the $3300, $2700 and $1800 levels, which were turning points earlier this year.
The entire cryptosphere is in a bear market.
Their total capitalization is already more than 30% below their peaks, and attempts to consolidate above critical levels have failed. Last summer, interest from cryptocurrency investors returned after capitalization fell by more than half. This suggests the possibility of a further drop of 30% from current levels.
Translated with www.DeepL.com/Translator (free version)
00:05 Intro
01:48 Crypto News
02:17 Bitcoin News
03:32 Ethereum News
04:15 Bitcoin Technical Analysys
05:40 Ethereum Technical Analysys
06:01 Crypto Market News
07:45 Outro
On Monday afternoon, the cryptocurrency market came under impressive pressure, reducing its total capitalization by 6% to 2.12 trillion. The Fear and Greed Index for the sector returned to extreme fear territory, falling from 28 to 21.
It is not easy to pinpoint the exact trigger for the new wave of pressure, but it intensified and widened after the two largest cryptocurrencies gave up their key positions.
Bitcoin has fallen below its 200-day average, trading below $47K as of this writing. Not counting the intraday drop on Dec. 6, these are the lowest values since early October, and bitcoin has lost a third of its value from its peak levels just over a month ago. By and large, the highs at 69K were the starting point for pressure on BTCUSD. Should the decline develop, it is worth paying increased attention to the 40k and 30k levels, significant round levels where bitcoin had previously reversed to the upside.
The drop in ETHUSD below 4,000 has intensified the sell-off.
The pullback now exceeds 23% of the peak, signaling the start of a bear market. ETHUSD's previous deep correction earlier this year stopped only after losing 60%, pushing the price from $4400 to the $1700 area. Should upward pressure develop, the intensity of the tug-of-war between bulls and bears could increase near the $3300, $2700 and $1800 levels, which were turning points earlier this year.
The entire cryptosphere is in a bear market.
Their total capitalization is already more than 30% below their peaks, and attempts to consolidate above critical levels have failed. Last summer, interest from cryptocurrency investors returned after capitalization fell by more than half. This suggests the possibility of a further drop of 30% from current levels.
Translated with www.DeepL.com/Translator (free version)
