Cryptocurrencies could not find many buyers during the last 24 hours. A couple of exceptions are Bitcoin Cash (+1.69%) and Tron (+2.57%) with modest gains. Bitcoin losses -2.35%, Binance Coin -3.65%, and NEO, and XMR more than 5%. Ethereum(+0.3%) and RIpple (+0.21%) move mostly Flat.  On the Ethereum token world, the red predominates, but there are some exciting movers: Force Protocol (+26%), OCEAN ( +33%),  FSN (+26%) and, notably, NOAH (+228%).

The market capitalization of the crypto sector descended a bit to $247.033 billion a slightly decreasing traded volume of $43 billion in the last 24 hours, while Bitcoin dominance grew slightly to 67.39%

Market Cap

Fig 1 - 24H Market Capitalization chart, incl. Traded Volume.

 

Hot News

China's intention to integrate blockchain technology into its surveillance program poses gave risk to millions of citizens. The use of a centrally issued currency and the total control of the blockchain and wallets allow the Chinese government total access to the transactions of its citizens. In a recent piece of news, China's Communist Party asks its members to use a dApp to certify their loyalty to the party. Developers of the PCP released a dApp, which could be called "Original intentions Onchain," where its members could sign a contract certifying his political commitment.

TRON API is added to Samsungs Blockchain Keystore after its update to 1.2.0 version released on Oct. 29. That way, TRON can be used in transactions by over 1 billion Samsung users.

 

Technical Analysis

Bitcoin

Bitcoin

Bitcoin is moving in a sideways range between $9,180 and $9,580 as the Bollinger bands shrink, its MACD evolves in its bearish phase, and volume fades.  This usually is a continuation pattern, but we need to see a breakout of this range, which also will make the Bollinger bands expand. The levels to observe are the same as yesterday's levels.

Supports

Pivot Points

Resistances

8960

9,100

9580

8300

 

10000

7980

 

10400

Ripple

Ripple

Ripple is following the path we envisioned yesterday. Buyers don't have enough strength to push XRP above the 0.3065 level, and sellers can't move it below a $0.293 close, so it is moving inside this range waiting for a reason to break this equilibrium. The overall bias is bullish since the price is still moving above its 20, 50, and 200-period SMA.

Supports

Pivot Points

Resistances

0.282

0.287

0.306

0.277

 

0.31

0.266

 

0.325

Ethereum

Ethereum

Ethereum is moving slightly more positive than BTC or ETH. The price managed to make a short-term higher high in the last 24 hours and moves in the upper side of its Bollinger bands. On the 4H chart, we can observe ETH is moving in an ascending channel. That is a weak price structure, which is seldom concluded with a downward movement.  The levels to keep are marked in the chart:  a close above $193.23 would attract more buyers while closing below $184 might trigger more sales.

Supports

Pivot Points

Resistances

170

178.4

193

165.7

 

202

160

 

208

Litecoin

Litecoin

Litecoin is also creating a triangular structure, but, basically, it is ranging with low volume, waiting for others to make a decision. The key levels to observe are marked on the chart, surpassing one of these levels would be a confirmation of the next movement. Technically, the overall outlook is slightly bullish as the price is above +50 and 200-period SMA and is touching its 20-SMA line.

Supports

Pivot Points

Resistances

53

57

62

50

 

67

48

 

74

 


 

Try Secure Leveraged Trading with EagleFX!

Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Decentraland price under pressure by market turmoil, MANA points to steep correction

Decentraland (MANA) has not been able to sit back and enjoy its all-time highs printed on Thursday, above $6.0. MANA price reversed to the downside as a wave of negative news surrounding a new Covid variant hit news wires during the Asian session.

More Cryptocurrencies News

Bitcoin, Ethereum, XRP at discount ahead of Black Friday while investors fear new COVID strain

Over $265 billion wiped off the overall crypto market capitalization in a bloodbath as news of the new Covid strain breaks out. Bitcoin, Ethereum and Ripple prices have tumbled over 6%, and the top 10 cryptocurrencies are trading at a steep discount.

More Bitcoin News

XRP holds key support while indicators point to short-term recovery

Ripple started a recovery wave above a key support level of $1.024. XRP price started an upside correction as indicators suggest a short-term recovery. The coin may initiate a fresh downtrend upon a breakout of the $1.024 support level.

More Ripple News

Dogecoin-killer Shiba Inu hits 1 million holders, gets listed on South Korean exchange

Shiba Inu hit an important milestone of 1 million holders with a rise in the number of investors. The memecoin listed on a South Korean crypto exchange successfully despite strict regulatory requirements. 

More Shiba Inu News

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!

BTC

ETH

XRP