Bitcoin Price and Ethereum Have Given Up Earlier Gains; Axie Infinity Jumps 30%


December 6th, Bitcoin, the leading cryptocurrency, gave back most of its gains, having lost almost 2% to trade at the $16,980 level. Most of the selling trends in the crypto market could be associated with a stronger US dollar. Interest rate speculation increased on Monday after a US services index indicated the economy was holding steady.

Following news that the Institute for Supply Management’s services indicator rose unexpectedly in November, the Bloomberg Dollar Spot Index rose as much as 0.8%, snapping a four-day losing streak.

Etherealthe second most valuable cryptocurrency, has lost ground and dipped below the $1,300 psychological trading levels.

Major cryptocurrencies were trading in the green at the beginning of December 6, despite the fact that the global crypto market capitalization it had fallen 0.86% to $856.36 billion the previous day. Over the last 24 hours, the total volume of the crypto market has increased by 26.48% to $40.21 billion.

Total DeFi volume is currently at $2.84 billion, which represents 7% of the total 24-hour volume of the crypto market. The total volume of all stablecoins is now at $36.63 billion, representing 91.10% of the total 24-hour volume of the crypto market.

Let’s take a look at the top 24-hour altcoin gainers and losers.

Top altcoin gainers and losers

Infinite Axie (AXS), Synthetix (SNX)Y Batteries (STX) they are three of the top 100 coins that have gained in value in the last 24 hours. The AXS price is up nearly 22% to $8.75; SNX price is up more than 7% at $1.96; LTC price is up almost 3.5%.

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Major altcoin gainers and losers – Source: Coin360

Chronos (CRO), GMX (GMX)Y Zeal (ZEAL) they are three of the top 100 coins that have lost value in the last 24 hours. While CRO has lost around 7.5% to trade at $0.066, GMX is down almost 6% to trade at $51.50. At the same time, CELO’s price is down more than 5% to trade at $0.6488.

bitcoin price

The current bitcoin price is $17,002, and the 24-hour trading volume is $19 billion. During the last 24 hours, the BTC/USD pair has lost almost 2%, while CoinMarketCap it currently sits in first place with a live market capitalization of $357 billion, down from $363 billion yesterday.

It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,225,600 BTC coins.

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Bitcoin Price and Tokenomics – Source: coinmarketcap

Following the release of better-than-expected US ISM Services PMI numbers, the USD/BTC it reversed below the $17,385 level, giving up most of its gains.

Furthermore, the leading cryptocurrency was technically overbought and required a bearish correction before continuing its upward move. Early investors also benefited, and new investors have a good chance of entering the market above $16,850, a support level extended by an uptrend line.

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Bitcoin Price Chart – Source: Tradingview

Closing candles above $16,850 indicate a high probability of a bullish reversal. On the upside, Bitcoin may find resistance at $17,385; A bullish break above this level can open the door for more buying to $17,650 or $18,000.

On the downside, a break below the $16,840 support can extend the selling trend all the way to the $16,500 level.

ethereum price

The current price of Ethereal is at $1,259, with a 24-hour trading volume of $5.5 billion. In the last 24 hours, Ethereum has fallen more than 2%. CoinMarketCap is currently ranked #2, with a live market capitalization of $154 billion. It has a circulating supply of 122,373,866 ETH coins.

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Ethereum Price and Tokenomics – Source: coinmarketcap

On the 4 hour chart, Ethereal It fell to the previous support area of ​​$1,250, and a candle close above this level has the potential to fuel a bounce. On the upside, ETH can go after the $1300 resistance level. The bullish bias remains strong, as the 50-day moving average is near $1,250.

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Ethereum Price Chart – Source: Tradingview

The RSI and MACD, on the other hand, recently entered the sell zone, indicating a sell trend in ETH. But I think this is just a bearish correction, and the bulls remain bullish until $1250 is reached.

Further selling pressure can result in a break down, allowing for more selling to the $1,220 or $1,185 levels. Pay attention to $1,250 today because it is likely to act as a major turning point.

Axie infinite jumps 30%

The current price of Axie Infinity is $8.71, with a 24-hour trading volume of $716 million. Axie Infinity has risen over 21% in the last 24 hours. CoinMarketCap is currently ranked 50th, with a live market capitalization of $869 million. It has 99,854,114 AXS coins in circulation and a maximum supply of 270,000,000 AXS coins.

Axie Infinity Price Chart – Source: Tradingview

Earlier this year, it was hinted that plans were already in place to ensure that Axie Infinity would eventually be decentralized, and now we have concrete evidence of that. Axie tweeted on December 5 that the progressive decentralization process had begun.

The company has issued a statement saying that it has formally launched under the name “Town Builders”. Axie believes that the Town Builders laid a firm foundation for local government.

Another new addition to Axie is a feature called Axie Contributors. Participants will learn from Town Builder-led discussions, form new friendships, and experience various forms of community leadership. City Builders and Donors will work together to create a framework for local government. Therefore, this maintains the bullish trend for Axie.

IMPT Presale Ends Soon – 1 Week To Buy

IMPT is another Ethereum-based network that will reward users for doing business with environmentally conscious companies. These benefits will be provided by the company’s IMPT token, which can be used to purchase NFT-based carbon offsets, which can then be sold or withdrawn.

Since its initial public offering in October, IMPT has raised over $14 millionwith 1 IMPT currently trading at $0.023.

Due to its extraordinary success, IMPT.io, an innovative platform for carbon offsetting and carbon credit trading, will end its pre-sale of tokens on December 11.

Visit IMPT now

Find the best price to buy/sell cryptocurrency

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Cryptocurrency Price Tracker – Source: cryptonews