The year-end and New Year’s tedious fluctuations record negative balances reflected in the deficit closing price in the first week of December.
A third rally fell through, putting the brakes on the goodwill expressed during the first two days of last week, Monday Nov. 5 to Wednesday Nov. 7, with Bitcoin price trailing Ethereum’s gains for more than 20 days. , managed to exceed $17,400. and other major altcoins.
There are few positive weekly sales. Among the capitalized majors, Monero (XMR) stands out, rising more than 6% at a price above $152 per token for the first time since early November.
Exceptional performance with TonCoin (TON), a token on Open Network’s blockchain linked to messaging app Telegram. In its latest double-digit weekly leap (+11.7%), its fifth consecutive gain, the price took him above $2.16 for the first time since last April. With a total capital of $2.5 billion, Tongcoin has entered the top 25 for the first time.
The new week in December gets off to a rocky start. Come Monday, all major cryptocurrencies will trade below par.In between blue chip However, the week got off to a rocky start for Dogecoin (DOGE) and Binance (BNB), both down more than 6%. Among the top 50 capitalized, the two exceptions are Monero (XMR) and Toncoin (TON), which continue to buck the tide ahead of the plus sign.
Volatility has also been rocked again in recent hours. Last week he returned to October levels, hitting a two-year low and he’s up more than 10% in the past 48 hours, underscoring growing concerns about future price volatility. .
Bitcoin (BTC) Price
Yesterday, November 11th (Sunday), the price was Bitcoin It lost the $17,000 level for the first time in four days, then recovered its technical and psychological threshold just before the daily and weekly closes.
This is the level we will be tracking over the next few days, whether the recent weakness was part of a technical retracement or the uptrend over the past few weeks was just a technical pullback in a long term bearish trend. to understand what
Ethereum (ETH) Price
ethereum‘s price trend continues to confirm the technical harmony that ETH has for several weeks.
After ending the previous weekly cycle and starting a new current cycle at the lows of the $1,220 area on Wednesday, December 7, the price is rising again, trying to break above $1,300 again and again.
A failed attempt indicates a bearish presence to protect a key technical area. In fact, a breakout of $1,300 and above $1,330 is a clear signal of a reversal of the monthly trend from bearish to bullish.
