The BTC grew to 18,813 USD. Weekly growth amounts to 11.9%.
As long as the market closed the previous session above the resistance level at 18,500 USD, buyers may freely set new goals. Now they may reach 21,500-22,000 USD.
Currently, the BTC correlates with the US stock indices (S&P 500 and Nasdaq) by more than 80%. This means that the anticipated slow-down in increasing the US interest rate is good not only for stocks but for crypto as well.
Is it crypto spring at last?..
Capitalisation of the crypto sector on Friday grew to 904,108 billion USD, the BTC taking up 40.1% already, and the ETH – 19.1%.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Solana activity increased
The SOL sky-rocketed to two-month peaks because the network got active. Transaction volumes and the number of active accounts returned to the highs of the last four months. The number of active addresses amounts to 240 thousand.
BTC is becoming more complex
On 15 January, the BTC network will live through a record increase in complexity of mining. First thing, the hashrate will grow, i.e. more hashes will be needed for mining a BTC block.
AVAX reacted to news about Amazon
The price of the AVAX token grew noticeably after on the Internet they spoke about cooperation of Amazon Web Services (AWS) with Ava Labs. This is meant to implement blockchain technology deeper in enterprises and governments.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024