Thursday saw a slight decline in the price of major cryptocurrency tokens, pulled down by altcoins like Ethereum, BNB, Solana, Cardano, and Avalanche. In the meantime, the value of the world’s cryptocurrency market fell by 0.43% to approximately $1.74 trillion over the previous day.

While Ethereum was down 0.12% at $2,377, BTC was down 0.07% at $45,237.

As the market anticipates the approval of a Bitcoin ETF in the first week of January, Bitcoin achieved its highest level in 21 months as it broke out of its consolidation zone and overcame resistance at 45k USD to start the new year.

As of right now, BTC’s support is still at US$44,800, while resistance is located at US$46,100. Simultaneously, Ethereum follows the path of Bitcoin, currently trading at US$2,300. Ethereum needs to break beyond the US$2,500 barrier in order to continue gaining traction.

Avalanche and Solana, two more well-known cryptocurrencies, saw declines of 4% and 3.5%, respectively. A 1-3% fall was seen in BNB, Cardano, Dogecoin, Polkadot, Polygon, Chainlink, Toncoin, and Shiba Inu.

Currently, DeFi’s total volume is $6.98 billion, or 9.69% of the 24-hour volume of the whole cryptocurrency market. At $63.22 billion, the total value of stablecoins represents 87.8% of the 24-hour volume of the cryptocurrency market.

Currently, 51.04% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased 17.7% to $31.6 billion in the last day.Crypto Price Today: Bitcoin is trading over $45,200; Avalanche and Solana are down up to 4%

With hope surrounding the potential licensing of exchange-traded spot bitcoin funds, the world’s largest cryptocurrency kicked off the New Year with a bang as Bitcoin surged beyond $45,000 on Tuesday for the first time since April 2022.

With its highest year performance since 2020, Bitcoin gained 156% last year and reached a 21-month high of $45,532. It is still far from the record high of $69,000 it achieved in November 2021, even though it was up 2.5% at $45,318 as of late.

After rising 91% in 2023, ether, the token associated with the Ethereum blockchain network, was 1.45% higher at $2,386 on Tuesday.

The main concern among investors has been whether the U.S. securities regulator will soon authorize a spot bitcoin ETF, which would attract billions of dollars in investments and open up the bitcoin market to millions more people.

In recent years, the U.S. Securities and Exchange Commission has denied many requests to introduce spot bitcoin exchange-traded funds (ETFs), citing concerns about market manipulation.

However, there have been more indications in recent months that authorities are ready to approve at least some of the 13 planned spot bitcoin exchange-traded funds (ETFs). It is anticipated that the decision will be made in early January.

If all goes as planned, the obvious question is whether this will lead to a sell-on-fact, buy-the-rumor playout or if it will go a further leg higher.

Growing expectations that major central banks will lower interest rates this year have also helped cryptocurrencies recover, dispelling some of the pessimism that had enveloped the market after FTX’s collapse and other 2022 crypto-business flops.

This year, the crypto industry is expected to increase significantly, mostly because to the inflow of investment capital from spot ETFs, the halving of Bitcoin, and more accommodating monetary policies globally and in the US.

Quick analysis of cryptocurrency prices on December 26: At $1.68 trillion, the market capitalization was global.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), was able to hold above $43,000 on Christmas Day. All popular altcoins experienced slight losses, including Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), Solana (SOL), and Ethereum (ETH). With a surge of more than sixteen percent in a single day, Quant (QNT) turned out to be the largest gainer of all. With a decline of more than 13 percent in just one day, Helium (HNT) emerged as the largest loser as well.

The value of the entire cryptocurrency market was $1.68 trillion at the time of writing, a 1.31 percent decrease in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $43,162.01, down 1.59 percent in a day.

Ethereum Price Today
As of writing, the price of ETH was $2,277.12, down 1.68 percent in a day.

Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a 2.10 percent 24-hour decline, with a current price of $0.09248.

Litecoin Price Today
Litecoin experienced a 2.09 percent 24-hour decline. As of writing, its trade price was $71.30.

Ripple Price Today
The price of XRP was $0.6156 after losing 0.92 percent in a day. The price of ripple was Rs 53.70 according to WazirX.

Solana Price Today
The price of Solana was $111.91, a decrease of 3.44 percent in a day.

Quick analysis of cryptocurrency prices on December 22: The value of the worldwide market grew to $1.66 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), continued to rise early on Friday and came within a hair’s breadth of $44,000. All of the well-known cryptocurrencies, such as Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), Solana (SOL), and Ethereum (ETH), performed well. With a 24-hour increase of more than 23 percent, NEAR Protocol (NEAR) continued to be the largest gainer of the group. ORDI (ORDI) dropped around 8 percent in a day, maintaining its position as the largest loser.

The value of the world’s cryptocurrency market was $1.66 trillion at the time of writing, a 2.19 percent increase in just one day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin increased by 0.76 percent in a day to $43,998.47.

Ethereum Price Today
As of the publication of this article, the price of ETH was $2,249.52, up 2.24 percent in just 24 hours.

Dogecoin Price Today
According to CoinMarketCap data, DOGE experienced a 2.26 percent 24-hour gain, with a current price of $0.0937.

Litecoin Price Today
Litecoin saw a 1.75 percent 24-hour decline. When I wrote this, its trading price was $70.92.

Ripple Price Today
Litecoin saw a 1.75 percent 24-hour decline. When I wrote this, its trading price was $70.92.

Solana Price Today
The price of Solana was $98.20, a 17.97 percent increase in a day.

Bitcoin saw a spike in take-profit and sell orders at the start of the week, which led to massive market liquidations after the cryptocurrency’s recent top at US$44,700. A tug-of-war between bulls and bears on the market resulted in sell-offs on Tuesday and Wednesday, which saw Bitcoin down below US$40,000 just days before the US interest rate announcement.

The Federal Reserve kept interest rates unchanged and made hints about potential rate reductions in the upcoming year, which caused Bitcoin to spike back up to US$43,000 on Thursday. The introduction of new accounting rules by the US Financial Accounting Standards Board (FASB) that require businesses including MicroStrategy, Tesla, and Block to evaluate their cryptocurrency holdings at fair value further boosted the market. These regulations, which go into effect in 2025, let companies keep an eye on changes in asset prices in real time.

As of right now, Bitcoin is levelling out at $42,000 USD, down 36% from its peak but still up an astounding 159% year to date. There is general optimistic attitude, with key resistance levels located at US$43,200 and US$43,500, and support around US$41,200. Ethereum exhibits comparable profit and loss patterns to Bitcoin. Even though Ethereum has dropped 52% from its peak, it has increased by 12% this month and 91% this year.

Significantly, El Salvador approved the first Bitcoin bonds in history, demonstrating how the world of digital money is changing. This action confirms El Salvador’s resolve to include Bitcoin into its financial system after it decided to accept the cryptocurrency as legal cash in September 2021. The issuance of Bitcoin bonds is an indication that the public is beginning to recognise cryptocurrencies as real financial assets. This development could draw funds from investors looking to diversify their holdings and profit from Bitcoin’s potential. Other countries may look into similar measures as the cryptocurrency sector develops, and the future of these financial instruments will be shaped by regulatory frameworks. Investors looking to get insight into the possible worldwide merger of traditional and digital finance should keep a careful eye on these trends.

Looking ahead, the April 2024 Bitcoin Halving is a big event planned for the following year. This every four-year occurrence, which controls the introduction of new Bitcoins by halving miners’ incentives, adds to the deflationary aspect of the cryptocurrency. A price spike prior to the event and in the months that follow appears to be preceded by the Bitcoin Halving, according to historical trends from 2012, 2020, and 2016.

In the coming year, the approval of spot Bitcoin Exchange-Traded Funds (ETFs) is another expected move. This regulatory achievement, which gives investors direct and controlled exposure to Bitcoin, might have significant effects on the cryptocurrency market. The financial landscape may change significantly if spot Bitcoin ETFs are approved, drawing in a wider spectrum of investors and advancing the adoption of cryptocurrencies by the general public.

Quick analysis of cryptocurrency prices on December 12: The value of the worldwide market grew to $1.58 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), still onto its value around $42,000 early on Monday, even though other popular coins saw slight dips. All popular altcoins experienced slight declines, including Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), Solana (SOL), and Ethereum (ETH). The market fear and greed index, according to CoinMarketCap data, was 80 (extreme greed), indicating a positive attitude towards cryptocurrencies given that everyone appears to be taking advantage of the bump from the holidays. The largest gainer was Helium (HNT), and the biggest loser was Flow (FLOW).

At the time of writing, the value of the entire cryptocurrency market was $1.58 trillion, a decrease of 3.40 percent in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $42,444.70, down 3.14 percent in a day.

Ethereum Price Today
As of this writing, the price of ETH was $2,253.64, down 4.13 percent in the previous 24 hours.

Dogecoin Price Today
According to CoinMarketCap data, DOGE saw a 1.1% 24-hour decline, with a current price of $0.09886.

Litecoin Price Today
Litecoin had a 4% 24-hour decline. When this was written, the trade price was $74.07.

Ripple Price Today
The price of XRP was at $0.6297 after losing 5.32 percent in a day.

Solana Price Today
The price of Solana was $71.82, down 1.40 percent in a day.

On Tuesday, bitcoin surged again above $38,000 on hopes that, should inflation continue to drop, the US central bank would be getting closer to cutting borrowing costs.

Before reducing the gain, the largest cryptocurrency by market value increased by as much as 3.3% to $38,264. On Friday, the price of bitcoin hit an 18-month high of $38,422. In general, investors are more willing to take on riskier assets like digital tokens when interest rates are lower.

Investors may turn back to riskier assets when rates rise in an effort to obtain higher returns, according to Michael Safai, a partner at the quantitative trading company Dexterity Capital. Together with the impetus that cryptocurrency has gathered in recent months thanks to ETFs and the removal of FTX from the picture, traders believe that the ingredients are in place for a new bull run.

A recent slowdown in economic activity has encouraged Federal Reserve Governor Christopher Waller, who believes this suggests the central bank’s policy is tight enough. During a scheduled speech on Tuesday at the American Enterprise Institute in Washington, he made the remarks.

Due to anticipation that the US Securities and Exchange Commission would soon authorise an exchange-traded fund (ETF) that will make direct investments in bitcoin, the price of bitcoin has increased by more than 40% since the beginning of October. This year, Bitcoin has increased by almost 130%, following a 64% decline in 2022.

Additionally, the confidence has contributed to the rise in “crypto stocks,” like ETF proxy MicroStategy Inc., exchange operator Coinbase Global Inc., and miner Marathon Digital Holdings Inc. This year, the stocks of all three have increased by about 250%.

Key cryptocurrency tokens saw mixed trading on Monday, with Tron (2%), Toncoin (1.6%), Polygon 7.1%), Avalanche (3.5%), and Polkadot trading in the green and Bitcoin (-0.9%), Ethereum (-1.2%), BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) trading in the red.

In the meantime, over the past day, the value of the worldwide cryptocurrency market dropped by 0.43% to approximately $1.41 trillion.

At $36,933, BTC was down 0.9% on the market. The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $721 billion in the past day.

Currently, 51.20% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 0.6% to $13.04 billion in the previous day.

Over the weekend, Bitcoin continued to trade above $37,000, logging its fourth straight week of gains. Investors are bullish about spot ETFs after a 40% spike in recent weeks and a 6% increase in the last seven days. Now, attention is focused on the $40,000 mark.

Conversely, Ethereum is still above $2,000 thanks to Blackrock’s spot ETF registration, which is encouraging smart contract ecosystems. The fact that ETH encounters resistance at $2,500 and support around $1,900 adds to the general optimism in the market.

On Friday, major cryptocurrencies saw uneven trading as the value of the dollar declined. At $37,198.42, Bitcoin (BTC) was up 1.84%. Around 10.15 IST, prominent cryptocurrency currencies including as Dogecoin, Cardano, Solana, XRP, BNB, and Ethereum (ETH) saw increases ranging from 1% to 3.70%.

Over the last week, Bitcoin has increased by 0.80%, while Solana Dogecoin and Cardano have increased by roughly 4%, 2%, and 5%, respectively. On a weekly basis, XRP (-4.6%), Ethereum (-1.83%), and Tron (-5%) are the losers.

The US dollar has an inverse relationship with cryptocurrencies. At 103.61, the dollar index was down 0.30, or 0.29%.

The cause of cryptocurrencies has been aided by the dollar index (DXY), which fell to a two-month low and corrected by 1.9% over the last five sessions. The US inflation rate for October was lower than expected by the Street, which has contributed to the weakening. This has provided new momentum to those advocating for an interest rate pause. The Federal Reserve can decide not to raise interest rates any more as a result of the lower inflation figure.

With a notable hurdle around $38,000, bitcoin is currently trading cautiously upward at $37,100. Sustaining levels at $35,835, $35,235, and $34,522 indicate possible downward stabilisation points. Technical indicators provide a mixed but marginally optimistic picture, with the RSI at 51 suggesting a neutral attitude. There is a short-term bullish trend supported by the 50-day EMA at $36,400. A small ascending channel can be seen in the chart analysis, suggesting that the positive momentum may continue.

The expert prefers positive trends above $36,400, but caution is advised and immediate resistance is given weight for both short-term swings and possible moves in the days ahead.

BTC (+2.2%) had a sharp increase on this account, followed by a correction at $37.2k levels. With resistance at $38,000, the range of support is observed between $33,000 and $34.500.

Regarding institutional adoption, Chaturvedi noted that Fidelity is the most recent financial company to join rival BlackRock and five other firms in attempting to establish an Ethereum exchange-traded fund (ETF). He further stated that the arrival of major players in the industry like Fidelity is encouraging.

Regarding institutional adoption, Chaturvedi noted that Fidelity is the most recent financial company to join rival BlackRock and five other firms in attempting to establish an Ethereum exchange-traded fund (ETF). He further stated that the arrival of major players in the industry like Fidelity is encouraging.

Major cryptocurrencies saw gains in Thursday’s trading as market confidence that the Federal Reserve is done raising interest rates was bolstered by new inflation data.

In the meantime, US retail sales declined in October following many months of robust increases, suggesting a weakening economy and reinforcing views that the Fed will stop raising rates.

The price of Bitcoin was up 5.2% at $37,415, while Ethereum, the second-most popular currency, was up 3.6% at $2,054. The value of the world’s cryptocurrency market increased by 4.8% in the previous day to approximately $1.43 trillion at the same time.

Following a significant liquidation of leveraged positions totaling close to $100 million for the day, Bitcoin (BTC) is up 5%, trading around $37,700. The Federal Reserve’s easing cycle narrative is being supported by US inflation and retail statistics, which is driving the market recovery along with aggressive purchasing and macroeconomic fundamentals.

Over the course of the last day, Bitcoin has increased by more than 5%, trading at almost $37,500. This rise continues despite the US SEC not providing any updates on applications for Bitcoin Spot ETFs.”

Popular altcoins like Avalanche and Solana saw increases of 13% and 25%, respectively. Moreover, XRP, Cardano, Dogecoin, Toncoin, BNB, and Polkadot all saw 2-6% increases.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $730 billion in the past day. Currently, 51.06% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased 21.76% to $28.3 billion in the last day.

With success, Bitcoin has maintained its $35,000 level of support and is moving closer to $38,000. In the next weeks, $40,000 becomes a possibility if this threshold is crossed. Many altcoins have the potential to catch up and push the entire market capitalization of cryptocurrencies towards $1.5 trillion if Bitcoin stays in its current range of prices.