Major currencies were seen trading in the green on Monday night as the global cryptocurrency market capitalization rose 0.4% to $812.5 billion as of 7:15 p.m. EST.
|Coin||24 hours||7 days||Price|
|cryptocurrency||24 hour % change (+/-)||Price|
|classic earth (LUNCH)||+8.4%||$0.00016|
|Lido DAO (I DO)||+6.1%||$1.03|
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Because it is important: The two largest cryptocurrencies: Bitcoin Y Ethereal – saw gains below 1% Monday night.
Cryptocurrencies followed US stock futures which were in the green at the time of writing.
Bitcoin’s 24-hour trading volume was seen as 5.2% higher at $12.3bn, while Ethereum’s intraday trading volume was down 14% at $3.4bn at the time of writing.
cryptocurrency trader michael van depoppe he said, “I think we’ll continue the grind towards the higher levels as a new year approaches.”
The dollar index, a measure of the greenback’s strength against a basket of six currencies, is poised to make a “big move” in the coming weeks, according to Justin Bennett.
Risky assets typically move inversely to the index. Bennett noted that the DXY has “carved out a triangle pattern in December” with support near 104 and resistance at 104.50.
“The index is nearing the apex of this terminal pattern, which means it should make a move later this week,” Bennett said in a blog post. At time of writing, the index was seen at 104.33.
Chartist Ali Martinez He noted that large transactions on the Bitcoin network with a value greater than $100,000 have hit a new yearly low of 8,040.
“This indicates little activity from whales and institutional investors in the [BTC] the net.”
Meanwhile, a severe winter storm, sweeping across North America, caused Bitcoin miners to closed across the country. Bitcoin mining hash rate dropped 100 exahashes per second to 156 EH/s, a 40% decrease.