Total value of the cryptocurrency market CoinGeckoAccording to data, it decreased by 4.3 percent in the last 24 hours to 835 million dollars. bitcoin(BTC), Ethereum(ETH) and AVAXLet’s examine the price movements in . bitcoinHow many dollars is it trading? Ethereumwhat level? AVAXWhat’s the latest situation in ?
Bitcoin (BTC) Price Analysis
Bitcoin has lost 3 percent in the last 24 hours, according to CoinGecko data. The market’s leading cryptocurrency bitcoin has experienced a serious decline from the band of 19-20 thousand dollars, 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 chartbitcoin We will wait for ‘s 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. bitcoinAs of the time of writing, it is trading at 16 thousand dollars.
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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. Despite that EthereumWhen we examine the price action on the (ETH) side, ETHWe see that according to CoinGecko data, it has decreased by 7 in the last 24 hours.
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 EthereumIt is trading at the $1100 level.
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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.
