Bitcoin (-0.16%) continued moving up during the weekend, but with doubts among buyers, whereas Bitcoin SV, Litecoin and Bitcoin cash move over 3.5% in the last 24H. Also strong move Binance Coin (+5-15%),  Ethereum (+4.7%), and Ripple (+2.47%). In the Ethereum token section, the best top capitalized performer is Maker (MRK  +5.48%).  Also worth mentioning UTT (+12%) and Quant (QNT) (+20%).

Chart

Fig 1 - 24H Crypto sector Heat Map

The Market Capitalization moved up 1.4% in the last 24 hours and now is $197.1 billion. The traded volume also grew to $17.2 billion (+26.6%). The weakness of the Bitcoin Rally made it lose a bit of dominance, which now is  $68.08%.

Chart

Fig 2 - 72H Crypto Sector Market Cap with Traded Volume

 

Hot News

The Chinese Stock Exchange Regulatory Commission has received on Dec 24 an application for the listing of an ETF (Exchange-traded fund) that will trace securities related to Blockchain technologies.

Apple seems not to like DApps, and it is forcing the Coinbase DApp browser out of its Appstore. Nobody still knows why DApps are forced out of the Apple ecosystem, although some guess the reason is that most of them are providing alternative financial services through DeFi.

 

Technical Analysis - Bitcoin

Bitcoin

Chart 1 - Bitcoin 4H Chart

Bitcoin has made another upward leg after the reversal candle made on Dec 17.  The price is now over the $8,400 level, and its closest resistance level moves to $7.525. In the 4H chart, we see the price moving following the +1SD line and the MACD in a bullish phase, confirming the upward bias of BTC.

SUPPORT

PIVOT POINT

RESISTANCE

7,300

 

7,425

7,525

7,200

7,680

7,125

7,800

 

Ripple

Ripple

Chart 2 - Ripple 4H chart

Ripple has created an upward leg since its Dec 27 reversal figure. The price moves above the +1SD line, and the MACD is in a bullish phase. Since it seems the price is moving in a horizontal channel, The $0.2 is a potential reversal level. Therefore, some selling pressure could happen after a pierce through this level.  If that level is successfully broken, the next target for the buyers is $0.214.

SUPPORT

PIVOT POINT

RESISTANCE

0.1930

 

0.1960

0.2000

0.1900

0.2040

0.1860

0.2080

 

Ethereum

ETHEREUM

Chart 3 - Ethereum 4H Chart

Ethereum has moved rather bullishly during the weekend. Its price went from $127 to the current $135.3, a 6.3% increase. The price is currently moving above its +1SD line, and the MACD is bullish. We see its price a bit overextended, so we think it will pause a bit before resuming its probable way up.

SUPPORT

PIVOT POINT

RESISTANCE

130.00

 

132.00

135.00

127.00

138.00

123.00

140.00

 

Litecoin

Litecoin

Chart 4 - Litecoin 4H Chart

Litecoin gained four dollars in valuation since last Dec 27 engulfing candle. The price moved from its $40 support to close to $44, following its +1SD line, and making a new higher high, while breaking the descending trendline.  We still think the price has room to move up to $45 and beyond.

SUPPORT

PIVOT POINT

RESISTANCE

42.50

 

43.20

44.00

41,.6

45.00

40.80

46.30

 


 

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Editors’ Picks

War for dominance hit the bedrock of the market

The cryptocurrency market reaches the end of the week with widespread declines in the crypto market. The week has been dominated by a boiling Altcoin segment that has set very significant rises.

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BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00.

More Bitcoin Cash News

ADA/USD extends the decline, $0.1000 at risk

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours.

More Cardano News

ETH/USD volatility ousted as DeFi skyrockets to $2 billion

Ethereum alongside the largest cryptocurrency, Bitcoin are dealing with a peculiar situation characterized by low trading volume, poor investor interest as well as the lack of catalysts.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast

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