Bitcoin, Ethereum, Dogecoin Trade Muted Amid Holiday Lull: Analyst On What To Expect As New Year Approaches – Bitcoin (BTC/USD)

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.

Price performance of major coins
Coin 24 hours 7 days Price
Bitcoin USD/BTC 0.7% 3.1% $16,956.37
Ethereal EUR/USD 0.95% 5.4% $1,230.20
dogecoin DOGO/USD 0% -6% $0.076

Top 24-hour gainers (data via CoinMarketCap)
cryptocurrency 24 hour % change (+/-) Price
classic earth (LUNCH) +8.4% $0.00016
Lido DAO (I DO) +6.1% $1.03
XRP (XRP) +5.5% $0.365

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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.

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