Bitcoin lost the support level?
According to Iran Economist, citing Crypto, as it is clear, Bitcoin could not maintain the previous support at $15,800. On November 21st, when Bitcoin was still testing this level, crypto expert with the nickname Mustache tweeted that a possible long-term zone was between $15,150 and $15,250.
Also, well-known cryptocurrency trader and founder of LedgArt, Kallio, referring to the higher time frame (HTF) index, expressed optimism that “a major momentum change will occur at the beginning of the downtrend of the HTF entry.”
However, the expert does not expect this move to lead to a new ATH. Kallio’s other tweet clarified that a new record should not be expected until late 2024 or early 2025.
Meanwhile, Bitcoin is undervalued by vocal supporters who still think the digital asset is bullish and continue to hoddle, including Rich Dad Poor Dad author Robert Kiyosaki.
Earlier, TradingShot experts noted that Bitcoin is forming a bottom, which suggests that it could break out of the bearish zone in May 2023 and is expected to start a new bull market in March 2024.
Also, the decentralized finance (DeFi) index asset is changing hands at $15,727, down 2.14% in the last 24 hours and 6.57% on the week, adding to a cumulative loss of 18.09% on the monthly chart.
The total value of the global market of digital currencies is currently estimated at 819.62 billion dollars, which has increased by 4.40% compared to the previous day. Currently, 38.67% of the total digital currency market is owned by Bitcoin, which has increased by 0.07% in one day.
The total volume of the digital currency market in the last 24 hours is 62.36 billion dollars, which has decreased by 5.86%. The total volume in decentralized finance is currently $4.64 billion, which is 7.44% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $59.05 billion, which is 94.69% of the total 24-hour cryptocurrency market volume.
Cryptocurrency price update (up to 06:42 EST)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: 16,490,111 dollars
Price changes in the last 24 hours: 1.66% increase
Price changes in the last week: 3.77% increase
2- Ethereum
Price: 1160.62 dollars
Price changes in the last 24 hours: 2.49% increase
Price changes in the last week: 4.65% increase
3- Tether
Price: $0.999
Price changes in the last 24 hours: 0.00% increase
Price changes in the last week: 0.01% increase
4- USD coin
Price: $1.00
Price changes in the last 24 hours: 0.00% increase
Price changes in the last week: 0.00% increase
5- Binance Coin
Price: $272.34
Price changes in the last 24 hours: 2.44% increase
Price changes in the last week: 5.94% increase
6- Ripple
Price: $0.3751
Price changes in the last 24 hours: 1.70% increase
Price changes in the last week, 4.30% increase
7- Cardano
Price: $0.3149
Price changes in the last 24 hours: 1.41% increase
Price changes in the last week: 2.15% increase
8- Solana
Price: $13.07
Price changes in the last 24 hours: 2.79% increase
Price changes in the last week: 11.33% increase
9 – Dogecoin
Price: $0.8098
Price changes in the last 24 hours: 3.53% increase
Price changes in the last week: 6.52% increase
10- Polka dot
Price: $5.36
Price changes in the last 24 hours: 1.71% increase
Price changes in the last week: 3.25% increase