Cryptocurrency markets started the week sluggish. Market cap dropped 1.9 percent in 24 hours, bringing the total market cap to $1.21 trillion. bitcoin(BTC), EthereumLet’s examine the latest situation in (ETH) and Cardano (ADA) together. bitcoinHow many dollars is it trading at? EthereumWhat level is the price? CardanoHow did you start the week?
Bitcoin (BTC) Analysis – How Many Dollars in Bitcoin?
Bitcoin started the day with a 2 percent drop. The lack of news flow and the inflation environment we are in also reflected on the crypto money market. bitcoin, is in a place where it can receive a reaction from the $24,000 support within the price zone it is in.
Bitcoin 4-hour chartThe closest support in Bitcoin is the $24,000 region, while an upper minor resistance is the $26,000 level. These price movements in Bitcoin are necessary for an uptrend scenario to be reflected throughout the market. bitcoin It is very important that positive news based on the market and the flow of money to the market are very important. As of writing, Bitcoin is trading at $ 24,101.
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Ethereum (ETH) Price Action
Ethereumon the side price When we look at the movement, we see that it has increased by 13.4% in the last week. However, ETH started the day with 4.5 percent decline.
Ethereum 4-hour chartWe can say that Ethereum continues to move between two resistances as of the level at which it is currently traded. If the pullback continues in Ethereum (ETH), we can expect market conditions to react from the support in the $ 1,800 band. As of the time of writing EthereumIt is trading at $1,912.
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Cardano (ADA) Latest Status
Cardano ADA, the coin of the network, has started the day with a decrease of 5.8 percent. ADA, which has reached the $ 0.6 level in the past few days, is currently declining and is trading in the 0.55 support band.
Cardano’s 4-hour chartThe next resistance on Cardano is $0.6, while the nearest support level is the $0.55 band. Cardano is trading at $0.55 at the time of writing.
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