CRYPTO NEWS - Bitcoin Recovered to 49k - Market is in Green Zone
CRYPTO NEWS - Bitcoin Recovered to 49k - Market is in Green Zone
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
08:37 Outro
The top cryptocurrency news from last week, the top rise and fall leaders, and an overview of BTC and ETH value changes in today's market analysis.
As 2021 draws to a close, the blockchain and cryptocurrency industry continues to evolve. After former U.S. first lady Melania Trump announced the launch of her own NFT marketplace, Solana Labs and MoonPay tried to distance themselves from the project, saying they were in no way affiliated with the Trump family. Meanwhile, Time magazine's man of the year, Elon Musk, announced that Tesla would accept DOGE for purchases of goods.
How these and other events affected the value of crypto-assets in this weekly review.
TOP of the most profitable and losing in value altcoins: API3 - absolute leader
API3/USDT: +9.6%;
ZYRO/USDT: +6.73%;
GM/USDT: +4.44%;
PROPS/USDT: -7.57%;
TOWN/USDT: -4.26%;
STARL/USDT: -3.54%.
Last week was quite calm for most of the crypto-assets: the increase in value and the decline in the price level was not more than 10%.
The leader of the top most profitable altcoins this week was the crypto-asset project API3 (API3) with a growth of 9.6%. Daily trading volume of this asset averaged $28.26 mln.
API3 is the leader of the TOP of the most profitable altcoins of the week.
Source: OKEx.
API3 (API3) is developing a new generation of decentralized APIs (dAPI). The API3 data provider uses the open source software Airnode, which directly transmits information from third-party data providers. This data is then collected in a blockchain. In this way, information providers, stock exchanges, and agencies that provide credit history data can run applications on the same cloud-hosted platforms where their APIs are hosted.
BTC is still in a downward channel, stopping at the $47,000 support level, which coincides with the lower limits of the 200-day moving average (MA).
The sell-off in the stock market before Christmas is also affecting the bitcoin market. In case the bulls win and the downtrend breaks up, we could see a sharp jump in value all the way to the $60,000 level. A negative scenario could drop the price of "digital gold" to the level of $30,000.
It is necessary to make trading decisions and not to make hasty conclusions, because the Christmas period is characterized by low market liquidity. It is worth waiting for the end of the holidays for subsequent changes on the BTC chart.
#bitcoin #cryptocurrency
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
08:37 Outro
The top cryptocurrency news from last week, the top rise and fall leaders, and an overview of BTC and ETH value changes in today's market analysis.
As 2021 draws to a close, the blockchain and cryptocurrency industry continues to evolve. After former U.S. first lady Melania Trump announced the launch of her own NFT marketplace, Solana Labs and MoonPay tried to distance themselves from the project, saying they were in no way affiliated with the Trump family. Meanwhile, Time magazine's man of the year, Elon Musk, announced that Tesla would accept DOGE for purchases of goods.
How these and other events affected the value of crypto-assets in this weekly review.
TOP of the most profitable and losing in value altcoins: API3 - absolute leader
API3/USDT: +9.6%;
ZYRO/USDT: +6.73%;
GM/USDT: +4.44%;
PROPS/USDT: -7.57%;
TOWN/USDT: -4.26%;
STARL/USDT: -3.54%.
Last week was quite calm for most of the crypto-assets: the increase in value and the decline in the price level was not more than 10%.
The leader of the top most profitable altcoins this week was the crypto-asset project API3 (API3) with a growth of 9.6%. Daily trading volume of this asset averaged $28.26 mln.
API3 is the leader of the TOP of the most profitable altcoins of the week.
Source: OKEx.
API3 (API3) is developing a new generation of decentralized APIs (dAPI). The API3 data provider uses the open source software Airnode, which directly transmits information from third-party data providers. This data is then collected in a blockchain. In this way, information providers, stock exchanges, and agencies that provide credit history data can run applications on the same cloud-hosted platforms where their APIs are hosted.
BTC is still in a downward channel, stopping at the $47,000 support level, which coincides with the lower limits of the 200-day moving average (MA).
The sell-off in the stock market before Christmas is also affecting the bitcoin market. In case the bulls win and the downtrend breaks up, we could see a sharp jump in value all the way to the $60,000 level. A negative scenario could drop the price of "digital gold" to the level of $30,000.
It is necessary to make trading decisions and not to make hasty conclusions, because the Christmas period is characterized by low market liquidity. It is worth waiting for the end of the holidays for subsequent changes on the BTC chart.
#bitcoin #cryptocurrency
