The price of Bitcoin remains virtually unchanged this morning, ranging within a narrow range of $16,750-$16,850 and settling at $16,798, down 0.2% from the previous day. Similarly, Ethereum, is still below $1,250 after failing to hold above $1,260. quoting $1,247, with a decline of just 0.3% over 24 hours.
The Global cryptocurrency market capitalization drops 0.4% to $814 billion. In the past 24 hours, the overall trading volume in the crypto market jumped 23% to $27.22 billion.
Total DeFi volume is currently close to $2 billion, which is 7% of the overall 24-hour market volume. The global volume of all stablecoins is now just over $26 billion, or 96% of the total 24-hour volume
U.S. non-farm employment in the spotlight today
After an upward revision of 284,000 in October, the US economy added an unexpected 263,000 jobs in November 2022. As the economy recovers from the shock of the pandemic, job growth has slowed to reach its lowest rate since April last year. Above the pre-pandemic norm of 150,000 to 200,000 monthly job gains, this continues to point to a strong and competitive labor market.
December’s nonfarm payrolls report will provide fresh insights into labor market tightness and its implications for inflation and the Federal Reserve’s monetary policy decisions.
Economists predict that December jobs data would indicate that 200,000 jobs were created and the unemployment rate remained at 3.7%, practically one of the lowest figures in 50 years. When the epidemic hit the US economy, 22 million jobs had been lost in two months, in March and April.
Since then, job creation has remained above pre-pandemic levels. Total nonfarm payroll employment averaged 392,000 per month from 2022 to November, up from 562,000 in 2021. By comparison, in the last three months of 2019, the average monthly gain in jobs was 184 000.
The price of bitcoin
Bitcoin is currently trading at $16,798, with a trading volume of $13 billion in the last 24 hours. Bitcoin failed to break above the $16,930 double-top resistance level, implying a drops to the $16,775 support zone if it stays below that level. On the 4-hour timeframe, BTC is moving higher due to a bullish channel, so a close above $16,775 could trigger a correction.
On the downside, a break below $16,775 today could expose BTC to a price of $16,450. Keep an eye out for $16,775 as a possible buying trend for BTC above this level.
The price of Ethereum
Ethereum’s current price is $1,247, with a 24-hour trading volume of $3.8 billion. The ETH/USD pair struggled to break above $1,260, and the candle closing below this level indicates a weaker uptrend than the past few days.
As a result, ETH could fall to $1,245 to complete the 38.2% Fibonacci retracementwith next support likely at $1,230, which marks the 61.8% Fibonacci retracement.
On the upside, ETH’s immediate resistance remains at $1,270, and an upward breach of this level could drag the crypto towards a price near $1,295.
Other high-profit cryptos
The global cryptocurrency market is uncertain, but a few new cryptos are making headlines. Let’s explore the possibility of taking advantage of it!
Fight Out (FGHT)
The Fight Out Platform (FGHT) works the same way as a personal sports trainer, except that the FGHT token is the reward given for exercise periods. All activities are recorded and can be used to improve the statistics of his metaverse avatar. The possibility of earn FGHT tokens adds an extra incentive for people to stay healthy and exercise while enjoying the benefits of blockchain technology.
Despite the general lack of liquidity in the cryptocurrency market, Fight Out was successful and attracted investors. Thanks to its token sale, which started last week, it has already been raised over $2.6 million. The current sale price is 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT), but this will increase as the selloff progresses.
Dash 2 Trade (D2T)
Dash 2 Trade is another Ethereum-based platform that upon its launch early next year, will provide real-time analytics and social trading data. Trading signals, on-chain analytics, strategy building tools, and news feeds will be among its initial features, helping new and experienced traders follow the volatile cryptocurrency market.
The D2T token sale raised over $13.4 million and is expected to close tomorrow, providing early investors with a window of opportunity that will quickly close. On January 11, the altcoin will be listed on its first exchangewith LBANK Exchange, Changelly Pro and Bitmart confirmed as the initial trading platforms to support it.
To accommodate those who may have missed the initial investment window, the Dash 2 Trade team decided to hold a 5th stage (or “overfunding round”) of the presale during which An additional 36,000,000 tokens will be sold at a price of $0.0556. to raise an additional $2,001,600.
D2T is overfunded at a price 4% higher than its previous price of $0.0533. The current fundraising total for the project is $15,421,600.
C+Load (CCHG)
C+Charge (CCHG) is a peer-to-peer payment system based on Binance Chain for electric vehicle charging stations (VE). Its aim, which should start in the second quarter of next year, is to increase access to carbon credits by rewarding consumers who charge their electric vehicles at its terminals.
The platform has already struck a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network, indicating how quickly it could grow. 1 CCHG is currently sold at $0.013 and can be purchased with BNB or USDT. The presale has already raised over $84,000.
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