major currencies Trading was in the green on Tuesday evening, as the global cryptocurrency market rose to $991 billion, as of 8:30 PM EST.
| Cryptocurrency | Gains (+/-) | price |
|---|---|---|
| bitcoin | +0.97% | $21,217 |
| Ethereum | +1.21% | $1,573 USD |
| Dogecoin | +1.91% | $0.084 |
What happened: Bitcoin Bitcoin / US Dollar It was above the $21,000 mark at the time of writing, posting a weekly gain of 25%, while Ethereum ETH/USD It was trading above the $1,500 level, an increase of 23% over the past seven days.
encoder meme Dogecoin DOGE/USD It was up 1.91% in the last 24 hours.
| Cryptocurrency | Gains (+/-) | price |
|---|---|---|
| Kasper | +16.15% | $0.03 |
| shiba inu | +13.18% | $0.0000117 |
| Expensive | +9.68% | $0.05 |
| EthereumPOW | +9.39% | $4.12 |
| helium | +7.67% | $3.23 |
US stocks It closed at mixed levels as investors understood fourth quarter earnings reports from banks including Goldman Sachs. the Dow Jones The Industrial Average (DJIA) is down 1.1%, the S&P 500 is down 0.2%, and the tech-heavy index is down. NASDAQ Composite It rose 0.1%.
Cryptocurrency bank Silvergate Capital It reported a net loss of $1 billion for the fourth quarter on Tuesday.
Sam Bankman–fried was established FTX He said $415 million in cryptocurrency has been transferred by hackers From international and American exchanges.
See more: Best crypto day trading strategies
In his last note, Occult research She assessed the cryptocurrency market last week as “remarkably strong and lively” but urged caution saying, “In the short term, momentum appears to be overextended.”
“Bitcoin is surging as central banks around the world show signs of nearing the end of their tightening cycles. Investors are slowly returning to crypto as the global crypto market looks towards the $1 trillion level again. Contagion fears have abated and are becoming the focus for many currency traders.” encrypted is riding this hack” Edward MoyaAnd Senior market analystThe Americas OANDA, in a note seen by Benzinga.
The whales amassed a total of $4.4 billion in BTC as it started to rally from the $16,000 level seen last month to the current $21,000 mark. According to data from on-chain analytics firm Santiment, Bitcoin Shark addresses holding between 10 and 100 BTC were the first to start accumulating, adding 105,600 coins worth more than $2.2 billion in just 10 weeks and halting BTC’s decline at $16,000. .
Anonymous cryptanalyst kalio Many bulls of late warned that they are at risk of becoming bearish again if Bitcoin retests $19,000.
read the following: Bitcoin, Ethereum Extended Rally and Dogecoin Down: Analyst Says Apex Coin May ‘Seek to Sweep’ the $21,600 Mark
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