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LATEST: 📈 Ripple CEO Brad Garlinghouse says
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$BTC Bitcoin (BTC) Taps $92K, Zcash (ZEC) Soars by 17% Daily: Market Watch The cryptocurrency market is well in the green today (December 8), with Bitcoin reclaiming the $92,000 level. Many of the altcoins have performed even better. An evident example is Zcash (ZEC), whose valuation spiked by approximately 17% on a 24-hour scale. BTC Heads North The primary cryptocurrency experienced substantial volatility in the last few days. It was at the forefront of gains towards the end of the business week, temporarily surpassing $94,000. However, the weekend was not kind to the bulls, and BTC slipped below $88,000 on December 7. The start of the current week, though, offered another comeback. Currently, BTC trades at around $92,00, representing a 3% increase on a daily scale. The enhanced turbulence comes just days before the last FOMC meeting for the year, during which the Federal Reserve will decide whether to raise, lower, or keep interest rates in the United States unchanged. The probability of a 0.25% drop seems the most plausible scenario, and we will see how the official announcement impacts the crypto sector. Lower interest rates are typically seen as good news for the bulls since they reduce the appeal of traditional financial products and can redirect capital toward digital assets. Nonetheless, the entire crypto market could still fall victim to a classical “sell the news” effect. Following BTC’s latest price pump, its market capitalization has jumped to roughly $1.83 trillion, while its dominance over the alts stands at around 57.37%. #BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #BTC
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$HYPE Crypto Price Analysis December- Hype (HYPE) HYPE had another disappointing week after sellers stopped the price from reclaiming $35 as support. With the price back into a downtrend, this cryptocurrency closes the week in red with a 11% loss. This poor performance has turned the chart quite bearish, especially on the weekly timeframe, where the MACD indicator shows clear lower lows on the histogram. Unless buyers reverse this trend, HYPE will continue to underperform. Looking ahead, this cryptocurrency may revisit the support at $30 or fall even lower before buyers can make a serious attempt at a reversal.#hype #hyp #HYVE #Hyperium
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$BNB Crypto Price Analysis December- Binance Coin (BNB) This week, BNB tried again to move above the $900 resistance, but sellers rejected this attempt, which places the price in the same position as last week. With buyers unable to break higher, Binance Coin remains in a downtrend, which could see it visit the $800 support in the future or even $692. To stop that, the resistance at $900 has to turn into a support. Looking ahead, this cryptocurrency may continue its correction in the short term and fall lower before buyers return to take over and send it into a relief rally towards $1,000 which will act as a magnet for the price.#bnb #BNB_Market_Update #bnb一輩子 #BNB走势
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$ADA Crypto Price Analysis December- Cardano (ADA) ADA managed to hold above 40 cents this week as the price closed with a modest 1% gain. While this is not much, it’s critical for this cryptocurrency to stay above this level if it wants to avoid lower lows. While buyers seem in control right now, this can easily change if they can’t take ADA above the key resistance at 50 cents. Failure there could lead to lower lows later. Looking ahead, Cardano is found in a tough spot after a disappointing end of the year where the price fell by over 60%. Hopefully, December can see a relief rally materialize.#ADA #ADABullish #ADA! #ADA/BNB
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