Quick analysis of cryptocurrency prices on December 14: A unique achievement, the global market capitalization reached $1.60 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin, surged beyond $42,000 for the second time this week, fueled by the US Federal Reserve’s announcement that interest rates will remain constant and its prediction that they may be lowered in 2024. It makes sense that well-known cryptocurrencies, including as Dogecoin, Ethereum, Solana, Ripple, and Litecoin, had consistent increases. The largest gainer was ultimately the BONK token, which increased by more than 26% in a single day. Conversely, Aptos (APT) turned out to be the greatest loser, losing more than 3% in a single day.

At the time of writing, the value of the entire cryptocurrency market was $1.60 trillion, an increase of 4.45 percent in a day.

Bitcoin Price Today
CoinMarketCap shows that the price of bitcoin increased by 4.80% in a day to $42,772.

Ethereum Price Today
At the time of writing, the price of ETH was $2,254.50, indicating a gain of 4.68 percent in just 24 hours.

Dogecoin Price Today
According to CoinMarketCap data, DOGE experienced a 5.10 percent 24-hour gain, with a current price of $0.09578.

Litecoin Price Today
Litecoin gained 2.72 percent in a 24-hour period. It was trading at $72.95, at the time of writing.

Ripple Price Today
The price of XRP was $0.6244 after rising 3.04 percent in a day.

Solana Price Today
The price of Solana was $70.24, up 7.34 percent in a day.

Quick take on the cryptocurrency price on December 6: The worldwide market capitalization increased to $1.58 trillion.

Despite small losses for top coins, Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, remained above the $42,000 mark early Monday. Popular altcoins suffered slight drops across the board, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE). According to CoinMarketCap statistics, the market fear and greed index was at 80 (extreme greed), indicating a positive attitude towards crypto coins as everyone seemed to be cashing in on the festive season surge. Helium (HNT) was the biggest winner, while Flow (FLOW) was the biggest loser.

At the time of writing, the worldwide crypto market cap was $1.58 trillion, representing a 3.40 percent drop in a 24-hour period.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $42,444.70 after a 3.14 percent drop in the previous 24 hours.

Ethereum Price Today
At the time of writing, the price of ETH was $2,253.64, representing a 4.13 percent 24-hour loss.

Dogecoin Price Today
DOGE fell 1.10 percent in a 24-hour period, according to CoinMarketCap data, and is now worth $0.09886.

Litecoin Price Today
Litecoin fell 4% in a 24-hour period. It was trading at $74.07 at the time of writing.

Ripple Price Today
The price of XRP was $0.6297 after a 5.32 percent decline in 24 hours.

Solana Price Today
The price of solana was $71.82, a 1.40 percent drop in a 24-hour period.

Bitcoin (-0.9%), Ethereum (-1.2%), BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) were trading in the red on Monday, while Tron (2%), Toncoin (1.6%), Polygon (7.1%), Avalanche (3.5%), and Polkadot were trading in the green.

Meanwhile, the global cryptocurrency market cap declined by 0.43% in the last 24 hours to roughly $1.41 trillion.

Bitcoin was down 0.9% at $36,933. Bitcoin’s, the world’s largest cryptocurrency, market cap has dropped to $721 billion in the previous 24 hours.

According to CoinMarketCap, Bitcoin presently has a 51.20% market share. BTC volume increased 0.6% in the last 24 hours to $13.04 billion.

Over the weekend, Bitcoin maintained its position above $37,000, marking the fourth straight week of increases. Investors are bullish on spot ETFs, which have gained 6% in the last seven days and 40% in the last three weeks. The $40,000 mark has finally been identified.

On the other hand, Ethereum stays above $2,000, supported by Blackrock’s spot ETF registration, boosting optimism in smart contract ecosystems. ETH is facing resistance at $2,500 and support at $1,900, adding to the positive market sentiment.

On Monday, major cryptocurrencies traded mixed as the US dollar fell. Bitcoin (BTC) was up 1.84% to $37,198.42. Around 10.15 IST, prominent crypto tokens like as Ethereum (ETH), BNB, XRP, Solana, Cardano, and Dogecoin were up between 1% and 3.70%.

Bitcoin has gained 0.80% in the last seven days, while Solana Dogecoin and Cardano have increased by roughly 4%, 2%, and 5%, respectively. On a seven-day basis, the laggards are XRP (-4.6%), Ethereum (-1.83%), and Tron (-5%).

The link between cryptocurrency and the US dollar is inverse. The dollar index was at 103.61, down 0.30 percent.

The dollar index (DXY) has fallen to a two-month low and has corrected by 1.9% in the last five sessions, helping cryptocurrencies. The weakness has been caused by slower US inflation in October, which was lower than expected by Wall Street. This has given new momentum to those advocating for an interest rate halt. Because of the lower inflation reading, the Federal Reserve may refrain from raising interest rates further.

Bitcoin is trading cautiously higher at $37,100, with a significant threshold at $38,000. Support levels of $35,835, $35,235, and $34,522 indicate probable decline stabilisation points. Technical indicators provide a mixed but somewhat optimistic picture, with the RSI at 51 indicating a neutral outlook. A short-term bullish trend is supported by the 50-day EMA at $36,400. A small ascending channel can be seen on the chart, indicating that the bullish momentum may continue.

The analyst favours positive trends over $36,400; nevertheless, he advises prudence while emphasising immediate resistance for short-term swings and probable moves in the following days.

BTC (+2.2%) experienced a sharp increase before correcting near $37.2k levels. Support is indicated in the $33,000 to $34.500 zone, with resistance at $38,000.

On the institutional adoption front, Fidelity has become the latest financial business to want to launch an ETH ETF, following rival BlackRock and 5 other corporations, according to Chaturvedi, who said that the presence of financial behemoths such as Fidelity signifies a positive trend for the industry.

On a similar topic, he told that the SEC has delayed its judgement on Franklin Templeton’s and Global X’s spot bitcoin ETF applications, with the deadline now expected to be early 2024, with no substantial influence on BTC’s price.

In Thursday’s trading, major cryptocurrencies were trading higher as new inflation statistics supported investor views that the Federal Reserve has stopped hiking interest rates.

Meanwhile, a drop in US retail sales in October after months of strong gains indicated a weakening economy and reinforced thoughts that the Fed is done raising interest rates.

After a major liquidation of leveraged positions totaling roughly $100 million for the day, Bitcoin (BTC) is up 5%, trading around $37,700. The market recovery is gaining traction, fueled by aggressive purchasing and macroeconomic considerations, as US inflation and retail data reinforce the Federal Reserve’s easing cycle narrative.

Bitcoin has increased by more than 5% in the last day, hitting a trading value of almost $37,500. Even in the lack of any updates from the US SEC regarding Bitcoin Spot ETF applications, this rise continues.

Other popular altcoins, such as Solana and Avalanche, gained 13% and 25%, respectively. BNB, XRP, Cardano, Dogecoin, Toncoin, and Polkadot all increased by 2-6%.

The market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $730 billion in the last 24 hours. According to CoinMarketCap, Bitcoin presently has a 51.06% market share. BTC volume increased 21.76% in the last 24 hours to $28.3 billion.

Bitcoin has successfully maintained its support at $35,000 and is on its way to $38,000. If this level is breached in the following weeks, $40,000 becomes a possibility. If Bitcoin maintains its current price range, several altcoins will be able to catch up and push the overall crypto market cap past $1.5 trillion.

In Wednesday’s session, crypto tokens were trading mixed, with a positive bias. Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the green, while Bitcoin, Solana, Toncoin, and Polygon were trading in the red.

As of 12:05 p.m., Bitcoin was up 1.12% at $35,308, while Ethereum was trading below $1,900.

Other popular altcoins, such as Solana and Toncoin, increased by up to 9%. While BNB dipped 2.4%, Polkadot plunged 8%.

Bitcoin is currently trading about $35,300, while altcoins such as Solana and Toncoin have increased by more than 6% and 11%, respectively. This recent price movement has increased the overall value of the cryptocurrency market to a 16-month high of 1.34 trillion dollars. To maintain its momentum, Bitcoin must break through the $35,700 barrier; else, it may find support near the $34,200 mark.

According to Edul, the present market sentiment is neutral with a positive tilt as a result of altcoin gains.

In the last 24 hours, the global cryptocurrency market cap climbed by 0.18% to roughly $1.33 trillion.

The market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $689 billion in the last 24 hours. According to CoinMarketCap, Bitcoin now has a 51.75% market share. BTC volume increased by 43.07% in the last 24 hours to $18.66 billion.

Bitcoin maintained its narrow range, displaying some upside and reaching the $36k barrier before finding support at $35k once more. If Bitcoin reaches $36k, it will set an 18-month high.

Recent Bitcoin market movements imply a period of consolidation, with the $34,990 critical level garnering the attention of day traders. In recent trade, the immediate barrier is around $35,360, which provides a hurdle. If this level is broken, traders should look for resistance at $36,051 and $37,018. On the upside, initial support is located around $34,693, and bearish momentum may lead to additional support levels around $33,281 and $32,481.

On Tuesday, major crypto coins moved higher on market optimism and driving bullish sentiments. In the last 24 hours, the global cryptocurrency market cap increased by about 1% to around $1.33 trillion.

As of 12:10 p.m., Bitcoin was up 0.16% to $34,930, while Ethereum was slightly below $1,900.

Other popular altcoins, such as Dogecoin and Toncoin, increased by more than 6% each. BNB, Cardano, Solana, Polygon, Polkadot, and Litecoin all increased in value.

Meanwhile, XRP gained 3% as a result of Ripple’s involvement in notable projects such as a recently announced CBDC pilot in Georgia and its inclusion in Dubai’s virtual assets regime.

Bitcoin is trading in a narrow range between $34,800 and $35,200. This indicates that traders are anxiously awaiting its next big move, either up or down. Bitcoin has to sustain $34,200 as support in order to continue rallying in the next weeks.

The overall volume in DeFi is currently $4.89 billion, accounting for 11.98% of the entire 24-hour volume in the crypto market. The total volume of all stablecoins is now $36.08 billion, accounting for 88.44% of the total 24-hour volume of the crypto market.

Bitcoin’s, the world’s largest cryptocurrency, market cap has risen to $682 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin now has a 51.45% market share. BTC volume increased by 4.01% in the last 24 hours to $13.02 billion.

Bitcoin is currently sitting around $34,918 with tiny daily movements, underpinned by a critical point of $34,662. It faces immediate resistance around $35,352, which might lead to higher goals like $36,834 and $37,722, while support levels around $34,112 provide reinforcement and extra cushions at $33,425 and $32,432 if needed.

The price of major crypto tokens fell on Friday after crypto entrepreneur and former FTX founder Sam Bankman-Fried was found guilty of multi-billion dollar FTX fraud.

Sam Bankman-Fried, the former cryptocurrency kingpin accused by US prosecutors of stealing billions of dollars from his customers, was convicted guilty on all counts on Thursday and now faces up to 110 years in prison.
The jury deliberated for only five hours after a five-week trial in New York. The sentencing of the individual known as “SBF” will take place at a later date.

Meanwhile, as a result of the news, the global cryptocurrency market cap fell 1.8% in the last 24 hours to $1.28 trillion.
At roughly 1.25 p.m., Bitcoin was trading 2.5% down at $34,389, while its largest peer, Ethereum, was trading at $1,796, down 2%.
The majority of MCap’s top 20 cryptos are now trading in the red. BTC was on the verge of breaking the $36k barrier before correcting and returning to trade over $34.5k. Many investors believe that this is a reaction to Sam Bankman-Fried’s guilty judgement in the FTX fraud trial.

Bitcoin is currently trading above the $34,400 mark, with some traders locking in profits following the October rally. Bitcoin must break beyond the $35,000 barrier or find support near $34,300 to resume its upward trend. Market sentiment is now neutral as investors await the release of the US Non-farm payroll report later today.

Solana was the worst performer among the major crypto tokens, plummeting more than 10%. Dogecoin, Tron, Polkadot, XRP, and Shiba Inu were all down 1-3%.

Bitcoin’s, the world’s largest cryptocurrency, market cap has dropped to $671 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin presently has a 52.6% market share. BTC volume fell 24.6% in the last 24 hours to $19.2 billion.

In Thursday’s trading, the cryptocurrency markets saw gains as Chair Jerome Powell hedged on the potential end of the rate-hiking cycle and the US Federal Reserve held steady with interest rates.

On Wednesday, the Federal Reserve kept interest rates unchanged as decision-makers grappled with whether financial conditions were already stringent enough to contain inflation or if additional restraint was necessary in light of the economy’s persistent outperformance.

Following a two-day policy meeting, Powell stated that, in light of the current uncertainties, it would be prudent to keep the Fed’s benchmark overnight interest rate in the current range of 5.25% to 5.50% while monitoring changes in job and price data until the next policy meeting in December.

In the meantime, the global cryptocurrency market cap increased by 2.45% to reach over $1.3 trillion in the past day following the Fed’s announcement.

With its largest peer, Ethereum, trading at $1,837, up 1.9%, Bitcoin was trading 2.5% higher at $35,308.

Since the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve said that interest rates will remain constant at 5.25%–5.50% as expected, bitcoin has been trading above the $35,500 threshold. Because of this, there has been a bullish feeling in the market and a steady increase in the price of Bitcoin over the past day.

Now, traders are waiting for Friday’s nonfarm payrolls report from the US Labour Department.

Solana rose more than 12%, making it the top gainer among other popular crypto assets. While BNB, XRP, Dogecoin, Litecoin, and Shiba Inu climbed 2-3%, Cardano, Polygon, Polkadot, and Avalanche surged over 6% apiece.

Currently, DeFi’s total volume is $6.12 billion, or 10.34% of the 24-hour volume of the whole cryptocurrency market. At $53.02 billion, the total volume of all stablecoins represents 89.62% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a spike in market capitalization to $689 billion in the past day. Currently, 52.77% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC fell 68% to $25.8 billion in the last day.

From a technical standpoint, BTC closed the daily candle above the critical $35,000 resistance level, demonstrating a positive mood. Even though there could be a little retreat, the trajectory seems to be heading towards the resistance levels between $39,800 and $40,000.

To allow for more upward movement, however, ETH still needs to overcome its 2023 resistance levels, which are about $2,020 and $2,140, it continued.

Quick take on the cryptocurrency price on October 30: The worldwide market capitalization increased to $1.27 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, held onto the $34,000 level early Tuesday, as the entire market’s Fear & Greed Index stayed at 72 (greed), according to CoinMarketCap. In contrast, Ethereum (ETH) is steadily approaching the $1,800 level. Popular altcoins witnessed slight gains across the board, including Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). THORChain (RUNE) went on to become the top gainer, with a 14 percent gain in 24 hours. Render (RNDR), on the other hand, became the biggest loser, falling more than 4% in a 24-hour period.

At the time of writing, the worldwide crypto market valuation was $1.27 trillion, up 0.35 percent in 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,259.87 after a 0.19 percent drop in the previous 24 hours. BTC was trading at Rs 29.60 lakh on the Indian market WazirX.

Ethereum Price Today
At the time of writing, the price of ETH was $1,799.78, representing a 0.78 percent increase in the previous 24 hours. According to WazirX, the current price of Ethereum in India is Rs 1.54 lakh.

Dogecoin Price Today
According to CoinMarketCap data, DOGE gained 0.65 percent in a 24-hour period and is currently trading at $0.06922. According to WazirX, the Dogecoin price in India was Rs 6.03.

Litecoin Price Today
Litecoin gained 0.88 percent in a 24-hour period. It was trading at $68.94 at the time of publication. In India, the price of LTC was Rs 5,905.01.

Ripple Price Today
The price of XRP was $0.5758, up 3.92 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 49.60.

Solana Price Today
Solana was trading at $35.70, up 9.44 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,950.