The total volume of cryptocurrency markets increased by 0.98 percent to $997 billion, below the psychological support of $1 trillion, according to TradingView data.
These volume changes, which cause price fluctuations in the market, continue to push the cryptocurrency market. Recently, the statements of Fed chairman Jerome Powell were received negatively in the crypto money markets.
How did the market react to the news from Avax? Let’s examine the price action in Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX). What level is Bitcoin at? What is the latest situation in Bitcoin? At what level is the Ethereum price? Avax what is the latest status?
Bitcoin (BTC) Latest Status
Bitcoin started the day with a 0.65% rise. Bitcoin, the leading cryptocurrency of the market, lost its support of $ 20 thousand. Bitcoin seems to have regained its $20,000 support. Bitcoin is currently volatile in its critical zone. The statements of Fed Chairman Jerome Powell were effective in this decline of Bitcoin. Powell’s announcement that they will continue to increase interest rates has caused decreases in the crypto market, but the markets are reacting to it.
Bitcoin’s 4-hour chartThe $ 20 thousand level is very critical for Bitcoin and if Bitcoin holds here, the market will breathe a little. If we are going to see a drop from here, the bearish zone could be the $17,000 region. Bitcoin is trading at $20,000 as of the time of writing.
Click for Bitcoin live price.
Ethereum (ETH) Latest Status
When we examine the price movement on the Ethereum (ETH) side, we see that ETH started the day with an increase of 2.33%. Ethereum, like Bitcoin, welcomed the day with an increase in the price band where it was undecided. The graph on Ethereum is also similar to Bitcoin. Ethereum, on the other hand, lost the $1500 support. Today, we see Ethereum regaining the $1500 support.
Ethereum’s 4-hour chartWhile the support zone is running in Ethereum, we can say that the next target is to hold the $1500 level. As of writing, Ethereum is trading at $1,580.
Click for the instant price of Ethereum.
Avalanche (AVAX) Latest Status
AVAX, the 16th most popular coin in the crypto market, started the week on a volatile basis. Claims from Crypto Leaks caused activity on the AVAX front. AVAX was affected by the drop in the cryptocurrency market and lost its minor support in the $19 band. Currently, AVAX continues its movement in the $ 20 band.
Avalanche’s 4-hour chartAVAX regained the $20 level as of today and showed a slight rise. The next target in AVAX can be called holding onto this support. In the coming days, the news and statements against the claims may determine the direction of price movements on the AVAX front. AVAX is trading at $20 at the time of writing.
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