The cryptocurrency (virtual asset) leader Bitcoin (BTC) has been trading at a price in the mid-$23,000 range over the past 24 hours.
Bitcoin price failed to resolve the $24,000 resistance level, and in addition, Ripple (XRP), the fourth place in the market cap, was under downward pressure when the $0.30 line collapsed in the aftermath of a US Securities and Exchange Commission (SEC) lawsuit, raising support for $23,000 intraday It was underperformed, but now it has made up for the fall and is closing at the price in the mid-dollar range of 23,000 dollars.
As of 7:25 am on the 24th (Korean time), the market price of Bitcoin (BTC, No. 1 in market cap) in CoinMarket Cap is recording about $23,540, up 0.62% from the previous 24 hours. The 24-hour trading volume is about $42.4 billion and the market capitalization is about $436.3 billion.
The Chicago Merchandise Exchange (CME) bitcoin futures price continued to decline. The most active December transaction fell by $315 to $23,195, the January price fell by $75 to $23,670, and the February transaction fell by $95 to $23,980.
On the day, Zcrypto, a cryptocurrency specialty media, said, “This year, the inflow of institutional funds into the cryptocurrency market reached an all-time high. Especially, as some institutions such as Grayscale and MicroStrategy have already started making profits, they compete for cryptocurrency investments among institutions. This is accelerating,” he said. “If the bitcoin price exceeds 25,000 dollars and 30,000 dollars comes into view, there is a high possibility that the next year will close at 100,000 dollars and even 200,000 dollars.”
Most of the major altcoins on this day are showing a rebound.
The market capitalization of Ethereum (ETH), the second largest cryptocurrency and the’top’ altcoin, has risen 1.27% over the past 24 hours to about $610.
On this day, Cryptocurrency, a cryptocurrency specialty media, quoted a tweet from Ryan Adams, founder of Mitos Capital. All key indicators such as the price of Leeum recorded all-time highs, but only the price was not.”
Cryptocurrency Ripple (XRP), the fourth-largest market capitalization, rebounded by 7.37%, which showed a recent plunge.
According to the cryptocurrency media AMB Crypto, the recently founder of Cardano, Charles Hoskinson, CEO of IOHK, said, “Even considering the contents of the US Securities and Exchange Commission (SEC), XRP is’securities’. I cannot see it.”
“To claim that XRP is a security is the same tone as saying that all investors holding XRP in the US also violate the applicable securities laws,” he said. “If XRP is considered a security, it will have a big impact on the industry.” “Other countries outside the US have already approved XRP as a currency or alternative.” In other words, this situation will only affect XRP liquidity in the US. It cannot affect liquidity in other countries.”
In addition, Litecoin (LTC, market cap, 5th place) is 5.05%, Bitcoin Cash (BCH, market cap is 6th) is 2.46%, Cardano Ada (ADA, market cap, 7th) is 7.72%, Binance Coin (BNB, market cap) is 7.72%. 8th place) is rising 1.93% and Polkadot (DOT, 9th place in market cap) is rising by 5.50%.
The total cryptocurrency market capitalization is $636.7 billion, an increase of 1.29% from 24 hours ago, and the Bitcoin market cap share (BTC Dominance) is at 68.5%.
Meanwhile, the New York Stock Market last night slightly rose in anticipation of US fiscal stimulus as a result of the conclusion of the Brexit negotiations despite the year-end profit-taking move.
On the 24th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average rose 0.23% to 30,199.87, the Standard & Poor’s (S&P) 500 index rose 0.35% to 3,703.06, and the technology stock-oriented Nasdaq index 0.26%. The deal closed at 12,804.73, which rose. The US stock market blockchain theme fell 1.40%.
The international gold price, a representative safety asset, has also risen. On that day, the gold for February delivery on the New York Commercial Exchange closed at $1,883.2 per ounce, up 0.27%.
These were the details of the news Bitcoin and altcoins rebound…. Ethereum $600 recovery, Ripple $0.3 recovery... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at en24 news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.