Some traders might be happy for a little reprieve of bitcoin after last month’s severe market decline caused by Sam Bankman-Fried’s FTX exchange collapsing – in the shape of a sideways-trading market.
Bitcoin, Ether Stats
The two biggest cryptocurrencies by market value, bitcoin (BTC) and ether (ETH) remained nearly unchanged during the last week, trading at .005% and .006% higher than the latest noted price on December 2.
Both volumes have been consistent, with trading activity dipping just below their corresponding 20-day moving averages.
At these levels, BTC seems to be bumping against possible resistance. High levels of price agreement at the present levels are indicated by the asset’s Volume Profile Visible Range (VPVR) indication, which might result in a stagnant price movement.
The next high-volume node occurs at $20,000 if BTC rises over this level. Since striking a temporary bottom on November 22, the price of ETH has begun to resemble a prospective upswing, with prices rising 12% since that day.
The latest price movements of ETH and BTC differ in that ETH has advanced past a high volume node at $1,200, with the next stop above that level being at $1,340.
Read more: TikTok-US agreement: National Security issues order to hold the deal
FTX Bankruptcy
Your 90-day winners among the top 20 cryptocurrencies by market capitalization are MATIC from Polygon, Litecoin, XRP, and Dogecoin (DOGE). The laggards include Solana’s SOL, Cardano’s ADA, Avalanche’s AVAX, Polkadot’s DOT, which is in the center of the pack at number 13, and Avalanche’s AVAX.
Metacade appears to be able to retain its value and soar throughout its presale despite the most recent shock to the markets.
The first community-run gaming arcade to launch on Web 3.0 is called Metacade. It’s a location where gamers can congregate and socialize while playing the newest play-to-earn (P2E) games. With something for investors, players, and creators alike, it hopes to become the top GameFi platform in the metaverse.
Read more: Sam Bankman-Fried slammed by Coinbase CEO for committing $10 billion fraud