Market

Cryptocurrency market December 21, 2021: Bitcoin and Ethereum correct higher

Cryptocurrency market December 21, 2021: Bitcoin and Ethereum correct higher . December 21, 2021: Bitcoin price extends its decline below $ 46,500. However, the BTC bulls remain active near the USD 45,500 support area. At 04:22 UTC, BTC is up 3.5% in one day and is trading back above $ 48,500.

Similarly, most major altcoins also correct higher. ETH is slowly approaching above the $ 4,000 mark, while XRP is making up for the losses and heading for $ 0.90 again. ADA found support near $ 1.20 and rebounded above $ 1.25.

Cryptocurrency Market December 21, 2021

Cryptocurrency Market December 21, 2021: Bitcoin Price

After falling further, Bitcoin price found support near the $ 45,500 region. BTC formed a base above $ 45,500 and started a new upward move. It broke the $ 48,000 resistance area and is currently trading above $ 48,500.

On the flip side, initial support is near the $ 46,200 mark. The next big support is around $ 45,500, below which further declines are possible.

Cryptocurrency Market December 21, 2021: Ethereum Price

Ethereum price also found support near $ 3,750 and started rising again. ETH is up more than 3%, back above $ 4,000, and could test $ 4,100.

If it drops again, the price could find support near $ 3,800. The next major support is near the $ 3,750 level below which the price can test $ 3,650.

Cryptocurrency Market December 21, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) sees strong buying interest near the $ 1.20 mark. The price is currently rising and trading above $ 1.25. To go any further the bulls will need to gain strength above $ 1,235.

The Binance Coin (BNB) stabilized above USD 500 before breaking the USD 525 resistance area to move above USD 530.

Solana (SOL) was trading near the USD 165 support and is currently rebounding above USD 175. It could test the $ 188 resistance area while the main hurdle is near the $ 200 level.

DOGE is trying to rebound above the $ 0.170 level. The first major resistance is near the $ 0.175 level above which the price could test $ 0.188. Otherwise, it may drop to the $ 0.162 level.

XRP price began to rebound above the $ 0.850 level and broke the $ 0.88 resistance. The next major resistance is at $ 0.90, above which the price can test $ 0.920.

Cryptocurrency Market December 21, 2021: Another Altcoin Market

Several altcoins are up more than 5% including YFI, REV, IOTX, HNT, AVAX, XMR and LUNA. Of these, YFI was able to gain strength, rising over $ 36,500. It’s also one of the top performers right now, as YFI is up 13% in one day and has increased its weekly increase to 88%.

Overall, the Bitcoin price is rising towards $ 49,000. If BTC levels off above USD 49,000, it could continue to climb towards USD 50,000 in the coming sessions.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

46 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.