According to CoinGecko data, the total value of the crypto money market increased by 1.3 percent in the last 24 hours to $ 876 million. 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 gained 1.5 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. With the bankruptcy and hacking of FTX, the waters in the crypto money market never calmed down. Accordingly, the market continued to decline. Bitcoin continues its price course at 16-17 thousand dollars with its movement zone.
Bitcoin daily chartWe 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. On the other hand, when we examine the price movement on the Ethereum (ETH) side, we see that ETH has increased by 2.7 in the last 24 hours, according to CoinGecko data.
Ethereum’s daily chartWe can say that the next target in Ethereum is to hold in the $ 1200-1300 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 20th most popular coin in the crypto market, was on the rise after FTX announced its bankruptcy, but fell like other cryptocurrencies. According to CoinGecko data, it has increased by 4.9 percent in the last 24 hours.
AVAX is currently hovering at $13.4. 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 $13.4 as of writing.
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