The total value of the cryptocurrency market fell by 2.9 percent in the last 24 hours to $ 885 million, according to CoinGecko data. The fact that FTX had liquidity problems and then sought support from Binance, but this did not happen, seriously damaged cryptocurrencies. On top of that, FTX’s bankruptcy statement and allegations of hacking also caused serious damage to crypto investors. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and AVAX together. How many dollars is bitcoin trading at? What level is Ethereum at? What’s the latest on AVAX?
Bitcoin (BTC) Price Analysis
Bitcoin has lost 2.6 percent in the last 24 hours, according to CoinGecko data. The leading cryptocurrency of the market, Bitcoin, has experienced a serious decline from the $ 19-20 thousand band, where it has been moving for a long time. While talking about the bankruptcy and hacking of FTX, the waters in the cryptocurrency market never calmed down. Accordingly, the market continued to decline. Bitcoin continues its price course at 16-17 thousand dollars with its movement zone.
We will wait for Bitcoin to determine its direction with the news flow from these levels. If there will be a continued decline in BTC, the next stop may be the $ 15-16 thousand region. If there will be a rise, Bitcoin’s first stop may be to try the 19-20 thousand dollar region after holding on to the 18 thousand dollar band. Bitcoin is trading at the level of 16-17 thousand dollars as of the time of writing.
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Ethereum (ETH) Price Analysis
After the bankruptcy of FTX, the allegations of hacking came to the fore, Ethereum also recorded a serious decline. When we examine the price action on the Ethereum (ETH) side, we see that ETH has decreased by 1.3 in the last 24 hours, according to CoinGecko data.
We can say that the next target in Ethereum is to hold in the $ 1,200-1300 region. If there is a decrease on the Ethereum side, our first stop may be the $1100 band. As of the time of writing, Ethereum is trading at $ 1,200.
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Avalanche (AVAX) Price Analysis
AVAX, the 16th most popular coin in the crypto market, was on the rise after FTX announced its bankruptcy, but fell like other cryptocurrencies. It has dropped 10.8 percent in the last 24 hours, according to CoinGecko data.
AVAX’s daily chartAVAX is currently hovering at $13.2. The next target in AVAX could be called holding on to 13.7 support. The developments in the coming days will play a role in determining the direction. AVAX is trading at $13.2 as of writing.
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