The total volume of cryptocurrency markets has reached $965 billion, below the psychological support of 1 trillion, according to TradingView data. Let’s take a look at the latest situation in the cryptocurrency market. Let’s examine the price movements 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? What’s the latest in Avax?
Bitcoin (BTC) Latest Status
Bitcoin started the day with a 2.24% rise. The leading cryptocurrency of the market, Bitcoin, quickly came back to this region after losing the support of $ 20 thousand. Bitcoin is currently volatile in its critical price zone. The statements of Fed Chairman Jerome Powell were effective in the decline of Bitcoin. Powell’s announcement that they will continue to raise interest rates has led to declines in the crypto market, but the bulls 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. If there will be a rise, Bitcoin’s first stop may be the $23,000 band. Bitcoin is trading at $20,000 as of the time of writing.
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Ethereum (ETH) Latest Status
When we examine the price action on the Ethereum (ETH) side, we see that ETH started the day with a 3.99 percent rise. Ethereum, like Bitcoin, welcomed the day with an increase in the price band where it was undecided. Ethereum, on the other hand, lost the support of $ 1500, but received a quick reaction from there. Today, we see Ethereum regaining the $1500 support. Ethereum has now broken the $1500 support and is struggling to hold on here.
Ethereum’s 4-hour chartWhile the support zone is working in Ethereum, we can say that the next target is the $ 1700 level. If there is a decrease on the Ethereum side, our first stop can be called the $ 1400 band. As of writing, Ethereum is trading at $ 1,600.
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Avalanche (AVAX) Latest Status
AVAX, the 16th most popular coin in the crypto market, started the week on the move. AVAX started the day up 1.39 percent. Claims from Crypto Leaks caused movement 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 chartThe next target in AVAX can be called the $25 zone. 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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