According to data analysis, the current state of the Bitcoin market is one of the least volatile in its history. At the end of 2018, volatility had last fallen to levels comparable to today. The price of cryptocurrencies had fallen steadily throughout the year, just as it has recently.
Therefore, Bitcoin price forecast remains neutral on December 26 with relatively little movement in the market and great stability of Bitcoin at $16,957 (+0.07%). Similarly, Ethereum has remained relatively stable at $1,220 losing just 0.1%.
On Dec. 26, major cryptocurrencies traded mixed after global crypto market capitalization increased slightly by 0.10% to reach 812.31 billion dollars the day before. The total trading volume in the cryptocurrency market in the past 24 hours is $22.98 billion, down 34.28% from yesterday.
The overall volume of DeFi is currently $1.55 billion, which is 7.04% of the entire 24-hour volume in the market. The total volume of all stablecoins is now $20.01 billion, which represents 91.07% of the total transaction volume.
Bitcoin hashrate returns to normal after a severe cold snap
After falling 38% to 170.60 EH/s from a weekly high of 276.40 EH/s, the Bitcoin network hashrate returned to its previous level of 241.29 EH/s. The hashrate is the rate at which a cryptocurrency is mined by the computers dedicated to its creation. This mining activity is highly dependent on power grids which have been heavily strained in recent days by the cold snap that has hit the USA.
Days after freezing weather across the United States brought the nation’s energy grid to a halt, causing the hashrate to briefly dip, the Bitcoin network’s hashrate has returned to normal levels.
Extreme cold in the days leading up to Christmas left millions of Americans without power and killed at least 28 people across the United States.
It has been reported that the bitcoin miners in texaswhich is responsible for much of the country’s hashrate, have voluntarily reduced their operations to restore power to the network, allowing residents to continue using their heating systems.
Bitcoin’s hashrate, which typically ranges from 225-300 EH/s, had fallen to 170.60 EH/s. On the other hand, since December 26, the hashrate has recovered to 241.29 EH/s, as measured by the CoinWarz hashrate mining calculator.
The price of bitcoin
The current price of one bitcoin is $16,858, completely stable compared to the previous day, and the trading volume in the last 24 hours is 12 billion dollars. Her Live market capitalization is $324 billion.
The graphical analysis of the price of Bitcoin remains practically unchanged. If the BTC/USD pair breaks the $17,000 level, it will most likely continue to rise to $17,500. On the other hand, if Bitcoin falls below $16,500, it will find support at $16,320.
Despite the fact that the RSI and MACD are both in the positive buy zone, Bitcoin is still dragged down by its 50-day moving average. This fairly well reflects a current equilibrium position around $17,000.before the market decides for a bearish or bullish trend.
The price of Ethereum
The current price of Ethereum is $1,220, with a 24-hour trading volume of $4 billion. In the past 24 hours, Ethereum lost almost 0.10% and CoinMarketCap currently ranks it the second-largest crypto, with a market capitalization of $149 billion.
Ethereum remains below $1,220 on the 4-hour chart, and chart elements are tilting towards a likely bearish correction. But it will certainly take wait for higher transaction volumes to get a clearer picture. Ethereum’s short-term supports are $1,180 and $1,150.
If the support level of $1,180 is broken, the negative trend could reach $1,150. If Ethereum prices rise above $1,220, the price could then continue to rise until it reaches $1,270.
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!
FightOut (FGHT)
With the launch of its presale, Fight Outan M2E fitness app and gym chain that aims to bring the fitness lifestyle to the web3, has caught the eye of investors who believe the company has the potential to disrupt the existing web3 M2E landscape.
FightOut takes a more holistic approach to tracking and paying users for exercise and activity than other M2E apps like StepN, which only count steps and require expensive non-fungible token (NFT) purchases to participate.
The FGHT token is the fuel of the decentralized platform FightOut. Investors are encouraged to act quickly to acquire their FGHT tokens at the current price of 60.06 FGHT for 1 USDTas the presale raised over $2.70 million in just a few days.
Dash 2 Trade (D2T)
In our opinion, Dash 2 Trade is the most promising cryptocurrency trading platform available today. The new social analytics and trading platform has the potential to revolutionize the cryptocurrency trading industry.
Features include a pre-sale token rating system, token list alert system, strategy backtesting tool, and social and on-chain sentiment indicators for trading. Users will need to acquire and hold D2T tokens in order to use Dash 2 Trade services.
Just 14 days left to buy in one of the biggest ICOs of 2022, Dash 2 Trade, as it raises $10.8 million and is preparing to launch its beta version of the dashboard. Over the past two months, investors took 80% of D2T token allocationand presale continues at a rapid pace.
There’s no time to lose if you want to be one of the winners in 2023. D2T is the system’s access token, and it’s now priced at $0.0533 in presale after the first sale to investors for $0.0476.
.
C+Load (CCHG)
C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations based on the Binance Chain. Its aim, starting in the second quarter of next year, is to increase access to carbon credits by rewarding customers who charge their electric vehicles at its terminals.
The platform has already signed an agreement with Perfect Solutions Turkey to add 20% of Turkey’s electric vehicle chargers to its network, illustrating how quickly it could grow. 1 CCHG is available for $0.013 and can be purchased with BNB or USDT.
Find the best price to buy/sell cryptocurrency
