The total value of the cryptocurrency market has increased by 4.4 percent in the last 24 hours to $ 914 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. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and XRP together. How many dollars is Bitcoin trading at? What level is Ethereum at? What’s the latest in XRP?
Bitcoin (BTC) Price Analysis
Bitcoin has gained 3.7 percent in the last 24 hours, according to CoinGecko data. The leading cryptocurrency of the market, Bitcoin, experienced a serious decline from the $ 19-20 thousand band, where it has been moving for a long time, and its price fell to $ 17 thousand after the value of the market fell below $ 1 trillion. Bitcoin continues its price course at 17 thousand dollars as of the movement zone it is in.
Bitcoin daily chartWe can expect Bitcoin to rise in the coming days with the positive news flow from these levels. Following the tension between Binance and FTX, FTX’s liquidity problems and its request for support from Binance caused a serious decline in cryptocurrencies. 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 17 thousand dollars as of the time of writing.
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Ethereum (ETH) Price Analysis
ETH also fell, as the market value dropped to $1 trillion again. When we examine the price movement on the Ethereum (ETH) side, we see that ETH has increased by 6.1 in the last 24 hours, according to CoinGecko data.
Ethereum’s daily chartWe can say that the next target in Ethereum is to hold on to the $ 1,200-1300 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 $ 1,200.
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XRP Price Analysis
XRP, which is the 7th coin of the market in terms of market value, started the day by falling unlike Bitcoin and Etherum. Starting the day with an increase of 7.9 percent, XRP followed Bitcoin and Ethereum.
XRP’s daily chartThe strongest resistance in XRP is currently the $0.4 zone. We can say that the support level in XRP is the $ 0.36 region. As of writing, XRP is trading at $0.39.
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