[ad_1]
Major coins were trading lower on Tuesday evening, with the global cryptocurrency market capitalization dropping 0.8% to $807.1 billion as of 7:15 p.m. EST.
Coin Major Coin Price Performance 24 Hours 7 Days Bitcoin Price BTC/USD -1.5% -1.4% $16,708.61 Ethereum ETH/USD -1.4% -0.5% $1,212.28 Dogecoin DOGE/USD -2.8% -1.5% $0.07 Top 24-Hour Gainers (data via CoinMarketCap) Cryptocurrency 24-Hour Change % (+/-) Terra Classic Price (LUNC) + 7.9% $0.00017 Quant (QNT) +3.4% $114.26 OKB (OKB) +3.5% $23.98
See also: How to buy Altcoins with an IRA in 2022
Why it matters: Bitcoin and Ethereum were trading in the red even though other risky assets, such as stocks, were largely devoid of major movement. At the time of this writing, US stock futures were slightly in the green.
On Tuesday, the S&P 500 fell as bond yields rose and investors took stock of what to expect in the year ahead.
The yield on benchmark 10-year Treasury bills rose 10.4 basis points to 3.851% after hitting a five-week high of 3.862%, Reuters reported.
Among the day’s events, Fidelity Investments filed three branded investments with the United States Patent and Trademark Office for a variety of Web3 goods and services, including an NFT marketplace and a crypto trading platform. -cash.
On Bitcoin, Michal van de Poppe said that Bitcoin is in final support before rolling. The trader said: If this is lost, I think we will have $16.1000 and/or $15.7000. Also must break $16.8,000 again.
Santiment noted that the Litecoins LTC/USD price ratio against Bitcoin remains strong since major addresses began appearing at historic rates in May. Since June 12, the LTC/BTC price ratio is up 130%, according to the market intelligence platform. On Tuesday, the number of addresses holding 1,000 SLDs or more rose to 4,232, the highest since 2020.
Among other altcoins, chartist Ali Martinez pointed to TD Sequential, an indicator that shows the change in an asset’s price trend and said the metric showed a sell signal on the XRP four-hour chart in the middle of the formation of a bearish divergence from the RSI.
The bearish formation was anticipating a one to four candlestick correction for [XRP]Martinez said.
Read next: Bitcoin, Ethereum, Dogecoin could surprise over the holidays, but analysts warn crypto investors of a bumpy ride in 2023
Photo via Shutterstock
|
Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMimQFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMi8xMi8zMDIxMDAyOC9iaXRjb2luLWV0aGVyZXVtLWRvZ2Vjb2luLXNsdW1wLWZ1cnRoZXItYXMtMjAyMi1lbmQtbmVhcnMtYW5hbHlzdC1zYXlzLWFwZXgtY3J5cHRvLWludG8tZmnSAQA?oc=5 The mention sources can contact us to remove/changing this article |
[ad_2]