Der US-Finanzdienstleistungsausschuss hat die Anhörung im Zusammenhang mit der Situation um FTX für den 13. Dezember anberaumt.
Bitcoin price prediction as fear and greed index improves
-
BTC has been in a consolidation phase in the past few days.
-
Bitcoin’s fear and greed index has moved to the fear level.
-
The broad fear index by CNN Money is still in the greed zone.
Bitcoin price remained under intense pressure as concerns about the crypto industry continued. It was trading at $16,516 on Tuesday, where it has been in the past few days. This price is a few points above this month’s low of $15,733. The BTC/GBP and BTC/EUR have also been consolidation phase as well.
FTX and Alameda contagion continues
Bitcoin and other cryptocurrencies have been on edge following the collapse of FTX. At its peak, the company was the second biggest cryptocurrency exchange in the world after Binance. It was also seen as a savior of the blockchain industry as the founder made significant investments in a struggling company.
The contagion in the industry has continued. On Monday, BlockFi, a struggling crypto lender, filed for bankruptcy after the collapse of FTX. FTX had reached a definitive agreement to acquire the company, as we wrote in this report.
Other companies are struggling as well. For example, over 150 firms have applied for financing from a fund created by Binance and other large players. At the same time, Digital Currency Group (DCG) has hired restructuring experts as its portfolio companies come under pressure.
Crypto fear and greed index improves
Bitcoin price has been in a tight range as the cryptocurrency fear and greed index improves. According to AlternativeMe, the fear and greed index was at the fear level of 26 on Tuesday, which was higher than last week’s extreme fear of 22.
The fear and greed index is an important gauge in the crypto industry since it measures the overall sentiment of the coin. It looks at key data like Google Trends, market dominance, and social media activity.
On the other hand, the broader CNN Money fear and greed index remained at the greed level of 59. Key numbers like stock price strength, stock price breadth, and put and call options are at the greed level. Bitcoin tends to do well in periods of sustained greed.
Bitcoin price forecast
The daily chart shows that the BTC price has been under intense pressure in the past few months. It remains slightly below the important support level at $17,606, which was the lowest level in June. The coin has also moved below all moving averages. It has also formed what looks like a bearish pennant pattern.
Therefore, the coin will likely have a bearish breakout as sellers target the next key support at $15,000. A drop below that support means that the coin has higher chance of falling to $10,000.
How to buy Bitcoin
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Bitcoin price prediction as fear and greed index improves appeared first on CoinJournal.
Kraken: Vergleich mit US-Finanzministerium wegen Verletzung von US-Sanktionen
Die US-Kryptobörse hat sich bereit erklärt, über 362.000 US-Dollar im Rahmen einer Vereinbarung zu zahlen, weil sie gegen Sanktionen gegen den Iran verstoßen haben soll.
Bitcoin (BTC): Bei Einbruch unter 16.000 US-Dollar droht „Teleport“ auf 14.000 US-Dollar oder weniger
Bitcoin steht durch die Ereignisse in China unter Druck: Aktienmarkt und FTX-Situation könnten zu einem Einbruch führen.
Will CELR rally higher following Celer Network’s new transaction milestone?
-
CELR is up by 1% in the last 24 hours, underperforming compared to the broader market.
-
The token could rally higher after the Celer Network reached $11.5 billion in cross-chain transaction volume.
-
The broader cryptocurrency market could reach the $850 billion market cap soon.
CELR underperforms against the broader market
CELR, the native token of the Celer Network, is up by 1% in the last 24 hours, underperforming against the broader cryptocurrency market. At press time, CELR is trading at $0.011779 per coin.
The positive performance comes after the Celer Network announced that it had reached a new milestone. Celer Network said cBridge, its multi-chain, cross-layer asset bridge offering instant transfer with numerous chains, had surpassed $11.5 billion in cross-chain transaction volume.
🤩cBridge has reached $11.5B in total cross-chain transaction volume!
🚄Let’s keep this train moving! Considering a #MultiChain expansion with your project?
📩We can help. DM
🌉https://t.co/35fICZaYc2: most # of chains, lowest fee, fully non-custodial, no vendor lock-in! pic.twitter.com/Jz7Lkvr540— CelerNetwork (@CelerNetwork) November 28, 2022
This latest cryptocurrency news comes as the broader crypto market recovers from yesterday’s slump. The total crypto market cap stands at $835 billion, up by 2% in the last 24 hours. It could surge past the $850 billion mark if the rally continues.
Bitcoin, the world’s leading cryptocurrency, is also up by more than 1% in the last 24 hours. At press time, the price of Bitcoin is above $16,400 and could surge toward the $17,000 level soon.
Key levels to watch
The CELR/USD 4-hour chart remains bearish despite Celer Network adding 1% to its value in the last 24 hours. The technical indicators show that CELR is underperforming against the broader crypto market.
The MACD line is below the neutral zone but could move higher over the next few hours if the bulls remain in charge. The 14-day RSI of 54 also shows that CELR is currently not in the oversold region.
If the positive performance continues, CELR could surge past the first major resistance level at $0.012678 before the end of the day. In the event of an extended rally, CELR could move toward the $0.014275 resistance level over the coming hours or days.
Where to buy Celer Network now
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
The post Will CELR rally higher following Celer Network’s new transaction milestone? appeared first on CoinJournal.