During the Asian session, Bitcoin price traded lower near $20,916 after breaking the $20,000 support level. Similarly, Ethereum is up more than 2% to hit $1,637 and is moving towards the 78.6% Fibonacci retracement level. At the beginning of October 30, the largest crypto currency was trading in the green, and the global crypto market capitalization exceeded $1 trillion with a trading volume of $91 billion.
Overall, the market has risks ahead of the US Federal Reserve’s monetary policy and rate decision later this week.
*Top Altcoin Gainers and Losers
, Klaytn (KLAY) and Waves (WAVES)
were the top performers in the last 24 hours. The price of DOGE rose more than 50% to $0.1344, while the price of KLAY rose almost 19% to $0.29. Meanwhile, WAVES gained more than 13% to trade at $3.80.
Mina (MINA) has fallen more than 5% this week to $0.70. TerraClassicUSD (USTC) fell more than 6% to around $0.038.
The current price of Bitcoin is $ 20,869 and the 24-hour trading volume is $ 39 billion. Bitcoin has jumped more than 8% in the last seven days. CoinMarketCap is now in first place, with a live market value of $400 billion, up from $397 billion yesterday.
The BTC/USD pair is currently converging on a trading range of $20,000 to $21,000, which extends the Fibonacci retracement level from 38.2% to 61.8%. However, the overall trading background remains bullish.
RSI and MACD are still in bullish territory, indicating that the positive trend should continue. Additionally, the 50-day moving average advises buying above $19,750.
As a result, a breakdown of the 61.8% Fibo level can extend the trading pattern to $21,900. Bitcoin could hit $22,500 if the current high continues.
Ethereum’s current price is $1,630, and the 24-hour trading volume is $19 billion. In the past seven days, Ethereum has grown by more than 24%. CoinMarketCap is now in second place, with a live market value of $199 billion, up from $194 billion yesterday.
On Sunday, the technical view of ETH / USD has not changed much and continues to show respect. The ETH/USD pair made a 61.8% Fibonacci retracement at $1,550 and is currently above that level, indicating that it will be able to complete a correction.
On the daily chart, ETH broke the high of $1,595 previously set showing strong bullish momentum. If the price of ETH is higher than $1,595, it can reach $1,650 or $1,700.
Leading indicators like RSI and MACD remain in buy zone. As a result, the possibility of an upside correction is stronger than $1,550. Meanwhile, support continues at $1,404 today.
*New Crypto Presales
Besides Bitcoin and Ethereum, new presale coins are doing well and making headlines. For example, Dash 2 Trade is an Ethereum-based platform that aims to provide its users with real-time analytics and trading signals; The amount raised now represents a huge vote of confidence in the platform.
The company plans to launch its platform in the first quarter of 2023, after the presale, it is expected that its D2T brand will be listed in several exchanges.
The Dash 2 Trade presale raised over $3.3 million in less than a week, making it one of the biggest token sales of the year. The Dash 2 Trade presale is still going on; D2T tokens can be purchased for 0.05 USDT.