Bitcoin trades this morning January 3 at $16,728 after breaking above the $16,650 level, it is now likely to go looking towards the $16,750 level. Ethereum, on the other hand, broke through a tight trading range of $1,180 to $1,210 and is valued at $1,216 up 0.1% and can go higher.
The global market capitalization of cryptocurrencies is in Increase of 1.25%. compared to the day before and now reaches 805 billion dollars. The overall trading volume of the cryptocurrency market over the past 24 hours increased by 36% to nearly $24 billion in trades.
The total volume of DeFi is currently $1.70 billion, which represents just over 7% of the overall 24-hour cryptocurrency market volume, while the combined volume of all stablecoins is now 21.2 billion or so 90% of the total trading volume in 24 hours.
BTC Mining Difficulty Decrease by 3.6%
Due to ongoing cash flow issues mainly due to low Bitcoin prices and high energy expenditure, some US mining companies pulled the plug on the market on Tuesday morningresulting in a 3.59% drop in Bitcoin mining difficulty.
Mining Difficulty is an index that measures the mining capacity of the industry and how difficult it is to mine a Bitcoin block. Indeed, today producing a bitcoin costs almost as much as selling it at the price it is listed at right now. Then the mining companies stop working. There is therefore a lower production of BTC, and therefore a lower mining difficulty rate. The figure for the last two weeks is therefore in Decrease of 3.6%. while a 7% drop was already observed at the beginning of December.
This data is good news, in a way, for surviving miners who have a better chance of mining a Bitcoin block, but it also reflects BTC’s diminishing economic interest in its core industry.
The price of bitcoin
The current price of bitcoin is $16,728, and the trading volume in the past 24 hours is $11 billion. Technically, Bitcoin faces significant resistance at $16,800 ea Crossing this level to the upside could determine future market trends : ie, train the BTC at a course of $17,150.
Both the RSI and MACD indicators are in a buy zone, and Bitcoin price has also broken above its 50-day moving average at $16,650. Therefore it now serves as the main support for the price of BTC that could start a sustainable uptrend.
A break below the $16,650 level, on the other hand, could expose BTC to the $16,350 or $16,250 levels.
The price of Ethereum
The current price of Ethereum is $1,216, with a 24-hour trading volume of $3.7 billion. Ethereum is up, having gained 0.1% and gaining a immediate support at the $1,200 level.
To the upside, ETH’s immediate resistance is now at the $1,225 level and a break-up could exposing the price of the cryptocurrency towards the $1,260 or $1,280 level quite quickly.
While support remains at $1,200, a break below could open up more room to sell down to $1,150. The RSI, MACD, and 50-day simple moving average all indicate an uptrend. It will then be necessary take long positions today to take advantage of them very soon.
Other high profit cryptocurrencies
The global cryptocurrency market is uncertain, but some new cryptocurrencies are making headlines. Let’s explore the possibility to take advantage of it!
The Fight Out Platform (FGHT) works the same way as a sports personal trainer, except that the FGHT token is the reward given for exercise periods. All activity is logged and can be used to improve your metaverse avatar’s stats. The possibility of earn FGHT tokens adds yet another 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 has been successful and has attracted investors. Thanks to its token sale, which began last week, it already has it raised over $2.4 million. The current sale price is 60.06 FGHT for $1 (FGHT can be bought with ETH or USDT), but this will increase as the selloff progresses.
Click 2 Exchanges (D2T)
Dash 2 Trade is another Ethereum-based platform than on it launch early next year, will provide real-time analytics and social trading data. Trading signals, on-chain analysis, strategy building tools and news feed will be among its initial features, helping new and experienced traders to follow the volatile cryptocurrency market.
The D2T token sale raised over $12 million and is expected to close in just 7 days, providing early investors with a window of opportunity that will close quickly. On January 11, the altcoin will be listed on its first tradewith LBANK Exchange, Changelly Pro and Bitmart confirmed as the first trading platforms to support it.
C+Load (CCHG) is a Binance Chain-based peer-to-peer payment system for electric vehicle charging stations (VE). Its goal, which is expected to start in the second quarter of next year, is to increase access to carbon credits by rewarding consumers who recharge their electric vehicles at its terminals.
The platform has already struck a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s electric vehicle chargers to its network, indicating how quickly it could grow. 1 CCHG currently sells for $0.013 and can be purchased with BNB or USDT. The pre-sale has already raised over $64,000.