The total value of the cryptocurrency market fell by 4.3 percent in the last 24 hours to $ 835 million, according to CoinGecko data. 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 3 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. After the bankruptcy and hacking of FTX, the waters in the crypto money market never calmed down and all cryptocurrencies, especially Bitcoin, fell. 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. In addition, when we look at the 50-day average, we see that this value is quite independent of the price. For this reason, we can say that Bitcoin will remain flat at these levels for a while. 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 thousand dollars as of the time of writing.
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Ethereum (ETH) Price Analysis
After FTX announced its bankruptcy and 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 decreased by 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 $1000 band. As of the time of writing, Ethereum is trading at $ 1100.
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Avalanche (AVAX) Price Analysis
AVAX, the 22nd most popular coin in the crypto market, fell like other cryptocurrencies while preparing for a full rise after FTX announced its bankruptcy. According to CoinGecko data, it has dropped 7.5 percent in the last 24 hours.
AVAX’s daily chartAVAX currently hovers around $12. 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.
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