Post Top Ad

Post Top Ad

Ad disclaimer: crypto ads are moslty scam so do some research before investing or buying

Thursday, December 9, 2021

First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

 First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

  Crypto Quantum Leap  

(world's famous cryptocurrency video course start your carrier as crypto trader and earn bitcoin)

Market moves: Bitcoin fell as U.S. stocks sagged and also the U.S. dollar reinforced.



Technician’s take: shopping for activity remains weak, that reduces the prospect of a big worth rise into Gregorian calendar month.


Catch the most recent episodes of CoinDesk TV for perceptive interviews with crypto trade leaders and analysis.


Prices

Bitcoin (BTC): $48,123 -4.7%

Ether (ETH): $4,183 -5.3%


Markets


  • S&P 500: $4,667 -0.7%
  • Dow Jones Industrial Average: $35,754 -0.0001%
  • Nasdaq: $15,517 -1.7%
  • Gold: $1,775 -0.4%


Market moves


Bitcoin fell toward $48,000 on Th, slippery nearly five-hitter when hovering over $50,000 for abundant of the previous 2 days.

 CryptoSecrets 

( Best crypto trading course )


Trading volume of the No.1 cryptocurrency by capitalization across major centralized exchanges, however, continued to drop.



Credit: CoinDesk/CryptoCompare


The majority of the crypto market was additionally in red: Ether was down by over five-hitter to around $4,000. The pessimistic market performance occurred as U.S. stocks fell and also the dollar index (DXY), that tracks the greenback’s worth against major rescript currencies, rose by 0.28%.


 A reinforced U.S. dollar brings draw back pressure on bitcoin’s costs.


“The long bull case remains for bitcoin, however everything within the short-run looks pessimistic,” Edward Moya, senior analyst at Oanda, same in AN email. “Bitcoin can ought to overcome growing expectations for a stronger dollar, AN extended altcoin season and short-run bearishness for risk assets as letter derails reopening momentum.”

 

1 comment:

  1. Pass ping m1.1

    Pass ping m 1.1

    Pass error end scsipt action data #00000 |10
    |

    ReplyDelete