January 18, 2022

Daily Price Analysis Of Bitcoin, Ethereum, Avalanche And Dogecoin – Dec. 14 Summary

TL; DR Breakdown

Global market capitalization resumes its forward journey, adding 2.48% in 24 hours. Bitcoin, set to skyrocket higher, saw 2.46% growth in the last 24 hours. Ethereum, following the set of bitcoins, is poised for a huge return, adding 1.64% to its volume. Avalanche and Dogecoin added 14.05% and 15.50% in the bullish rally.

The long awaited uptrend in the market is finally here. We see it as the result of the return of Bitcoin, revitalizing the market. It received a crash ban from China, but the perseverance showed remarkably. Most experts expected it to take time to recover, but it regained momentum and even showed growth. The growth of bitcoin mining has once again reached its all-time high, which means that miners are back with all their determination.

The recent lockdown led to the closure of 26 mining centers, and the recent change has opened opportunities for many locations to become new centers. As the price drop was evident in bitcoin (around 30%), the new changes affected the market. With the changing situation, there is hope that the return of bitcoin will be encouraging for the market.

Another update on the market is that of the Revian review platform, the value of which grew faster than expected. Even during the depressed hours, it saw an increase in value amounting to 106%, which is much better than other currencies that saw a depreciation. As December approaches Christmas, a rebound in bitcoin prices is observed, which means that the next few days will be joyous for investors. Hopefully they bring good news to investors.

BTC is probably in the mood to celebrate Christmas

Bitcoin’s previous depreciations set a tense environment in the crypto market because it wasn’t the only one affected. Bitcoin directly affected investments in other currencies, sparking fears that the market could crash if Bitcoin continued its free fall. The free fall ended and stabilized his ride, staying in the $ 48K range. With the market improving, he hopes to get back on track into the future.

Source: TradingView

Experts expect the rally to continue forward in the coming days, and Christmas will bring many more gains. If this happens, bitcoin investors will gain a lot from the capital invested. There is hope for an improvement in bitcoin for the next few days.

According to the latest updates, bitcoin has gained about 2.46% in the last 24 hours, which shows a better performance than the depreciation of 5.43% in the last seven days. According to the latest updates, its market cap is approximately $ 907,033,189,578. During the last 24 hours, its trading volume remained at $ 34,320,496.84, which is equal to 715,187 BTC.

ETH also joins the bullish bandwagon

Ethereum was bitcoin’s close ally in the depreciation, and both experienced severe blows. The impacts were evident by the change in value and the fall in price. The improvement in the market situation has brought an improvement in the situation of Ethereum, which has shown gains of 1.64% in the last 24 hours while its performance during the last seven days was a loss of 11.84%.

Source: TradingView

Recent earnings have improved its market cap, estimated at $ 454,771,572,165. Your trading volume for the last 24 hours also improved. The upgrade has led to $ 20,822,932,520, which is equal to 5,436,975 ETH.

Ethereum had hit the $ 4.8K range in November, but the downside trip caused it to lose around $ 1K, which was more than expected. Now, with the market situation improving, it is expected to recoup the losses it had.

AVAX and DOGE return with positive momentum

Dogecoin’s ‘father’ Elon Musk made an announcement that led him to climb higher. The dramatic increase seen in Doge’s price came after Musk announced that Tesla would accept Doge for merchandise sales. The momentum took it to 15.50% in the last 24 hours. If we compare this to the performance of the last seven days, which is an addition of 1.98%, we see a major rally towards Dogecoin.

Source: TradingView

Dogecoin’s current market capitalization is estimated to be $ 24,041,912,649, while its trading volume over the last 24 hours is $ 7,178,774,334.

Avalanche has also won in the last 24 hours. It currently ranks 11th on the list; It has gained 14.05% in the last 24 hours, while its weekly gains were 0.64%. Its current market capitalization is approximately $ 21,781,477,355, while its trading volume during the last 24 hours is $ 1,113,473,888.

Daily Price Analysis of Bitcoin, Ethereum, Avalanche and Dogecoin - December 14 Summary 4Source: TradingView

Final thoughts

The recent growth in the crypto market bodes well for investors in December due to its opportunities. Reversing the negative momentum to a positive one has helped regain customer confidence. There are signs of acceptance of crypto in the world, as two more German banks have planned to adopt crypto. These are all good signs for the times to come.

Stability in the market will resume normal activities and help innovators work on additions to the market. The hope for good times ahead is to keep the market afloat.

Disclaimer. The information provided is not business advice. Cryptopolitan.com assumes no responsibility for investments made based on the information provided on this page. We highly recommend independent research and / or consultation with a qualified professional before making any investment decision.

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Daily Price Analysis Of Bitcoin, Ethereum, Avalanche And Dogecoin – Dec. 14 Summary