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Bitcoinis a major cryptocurrency. ethereumThe second most valuable cryptocurrency also broke through the $1,240 key support level and was extended by an ascending channel.
Given this, BTC and ETH are likely to trade on the bearish side.
Early on December 8th, the worldwide crypto market capitalization It fell 1.87% on the previous day to $839.72 billion. Over the past 24 hours, the overall crypto market volume has increased by 2.40% to $36.85 billion.
Let’s take a look at the top 24-hour altcoin gainers and losers.
NEXO, Ios (Ios)When Synthetics (SNX) Three of the top 100 coins that have increased in value over the last 24 hours. NEXO price rose nearly 3.50% to $0.6675. EOS price rose more than 2% to $0.9795. SNX price rose nearly 2.6%.
Axy Infinity (AXS), Immutable X (IMX)When dash (DASH) Three of the top 100 coins that have lost value in the last 24 hours. The price of AXS is down about 8.5% to trade at $8.15, while IMX is down nearly 8% to trade at $0.4375. At the same time, the DASH price has dropped more than 8% to trade at $43.75.
The funds consisted of cryptocurrencies previously held in the earning account, but have since been moved to the custody account of Celsius. A federal judge has ordered cryptocurrency lending platform Celsius to refund a user of its custody program $44 million worth of his cryptocurrency.
Bloomberg reports that U.S. bankruptcy judge Martin Glenn issued a verbal order at a December 7 hearing.
“I want this case to move forward. I want my creditors to recover as soon as possible,” he said.
According to a Bloomberg report dated Dec. 5, Celsius is considering selling $18 million in stablecoins held in these accounts as restructuring funds, and Glenn will sell the fund on Dec. 12. We plan to address ownership issues.
Celsius claims that users who deposited funds into their accounts gave up ownership of their funds upon agreeing to the company’s terms and conditions.
Later today, investors’ attention will remain focused on US unemployment claims due to be announced during the US session. In the week ending November 26, the number of people filing for unemployment benefits fell to 225,000. The Labor Department said he had 16,000 fewer applications on Dec. 1 from the previous week, which had 241,000 applications. The four-week average number of claims increased by 1,750 to 227,000, offsetting week-to-week fluctuations.
First-time unemployment claims fell to 225,000 from the expected 235,000 for the week. The number of people seeking unemployment benefits is a proxy measure of unemployment.
In light of these findings, it is clear that despite the obvious economic weaknesses, American workers still have very secure employment.
current price of bitcoin is $16,825 with a 24-hour trading volume of $19 billion. The BTC/USD pair has fallen nearly 1% over the past 24 hours, coin market capitalization Live currently ranks first with a market capitalization of $323 billion, down from $357 billion yesterday.
The strength of the US dollar has pushed the BTC/USD pair below the $16,900 support level, which is currently acting as resistance. In this scenario, BTC could fall to the next support level of $16,500 or $16,000.
Meanwhile, a bullish breakout above $16,900 could expose BTC price to $17,200 or $17,350.
current price of ethereum At $1,229, it has a 24-hour trading volume of $5 billion. Ethereum has fallen nearly 2% in the last 24 hours, and CoinMarketCap is currently number two, with a current market capitalization of him at $150 billion.
On the 4 hour chart, ethereum It has broken out of the ascending channel that was supporting the coin at $1,238. Closing the candle below this level will indicate a possible continuation of the downtrend.
On the downside, Ethereum’s near-term support is around $1,200 with a potential drop to $1,180 or $1,150. On the positive side, Ethereum’s resistance remains between $1,240 and $1,280.
impact is a new Ethereum-based network that rewards users for doing business with environmentally responsible companies. IMPT is Raised over $15.6 million Since its initial public offering in October, 1 IMPT is currently trading at $0.023.
IMPT.io, a breakthrough platform for carbon offset and carbon credit trading, End token presale Due to its extraordinary success, on December 11th.
