Price analysis 12/11: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

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price analysis
Source: Coin360
  • The overall market conditions have taken a significant positive turn as BTC again aims for reaching its ATH with Ethereum looking for a positive crossover above the bullish mark of $600
  • The global crypto market capitalization has reached $570.64B resulting in an increase of 1.25% over the day 
  • The total crypto market volume traded over the last 24-hours is $109.15B resulting in an increase of 1.50% over the day 
  • The dominance of the crypto king has reached 63.99% resulting in an increase of 0.51% over the day 

BTC/USD 

Source: coinmarketcap

The global crypto market has again put eyes on Bitcoin as the bulls prepare another rally for attaining the ATH again. The CMP is placed at $19766.42 with an overall gain of 3.14% adding the weekly gain to 7.19%. The market capitalization has reached $365,296,763,966 with a 24-hour volume traded of $26,023,646,644. Currently, the price levels are looking to sustain between the bullish range of $19.6K to $19.9K. 

ETH/USD 

Source: coinmarketcap

Ethereum is also performing positive on Wednesday’s market session with an overall gain of 1.82% looking for a positive breakout above $600. The CMP is placed at $595.95 with an overall gain of 1.73% bringing the market capitalization to $67,663,732,974 with the 24-hour volume traded of $8,305,958,631. However, the ETH/BTC pair is still performing negative with a marginal loss of -0.89% bringing the current level to 0.03015497 BTC. 

XRP/USD 

Source: coinmarketcap

XRP continued its negative trend for the third consecutive day by facing an overall loss of -6.04% on Wednesday’s market session. The CMP is placed at $0.451970 with a weekly loss of -18.50% bringing the market capitalization to $20,571,959,690 with the 24-hour volume traded of $10,329,482,268. The XRP/BTC pair is also performing significantly negative with an overall loss of -8.60% bringing the current level to 0.00002299 BTC 

LINK/USD 

Source: coinmarketcap

Chainlink price levels were unable to have a sustainable positive crossover above the crucial resistance level of $13.00 on Wednesday’s market session. The CMP is placed at $12.54 with an overall loss of -1.565 bringing the market capitalization to $4,994,544,887 with the 24-hour volume traded of $845,321,403. The LINK/BTC pair is also performing negative with a loss of -3.27% bringing the current level down to 0.00063499 BTC. The price levels are building a new support point around $12.40. 

BCH/USD 

Source: coinmarketcap

Bitcoin Cash price levels looked for a positive crossover above the crucial mark of $300.00 on Wednesday’s market session. The CMP is placed at $290.99 with a marginal gain of 0.95% bringing the market capitalization to $5,468,895,138 with the 24-hour volume traded of $2,764,819,504. The BCH/BTC pair is still performing negative with a loss of -1.23% bringing the current level down to 0.01482012 BTC. The current price levels might face minor resistance at $295.00. 

LTC/USD 

Source: coinmarketcap

Litecoin has able to maintain sustainability above the crucial mark of $80.00 and again targeting the major resistance level of $90 during the market session. The CMP is placed at $86.92 with an overall gain of 6.50% adding the weekly gain to $7.81%. The market capitalization is at $5,458,944,622 with a 24-hour volume traded of $3,882,860,590. A positive breakout above the major resistance will provide a significant bullish signal for the upcoming trading sessions. 

BNB/USD 

Source: coinmarketcap

Binance coin targeted for a positive crossover against the resistance level of $30.00 on Wednesday’s market session. The CMP is placed at $29.56 with an overall gain of 1.56% adding the weekly gain to 4.98%. The market capitalization is at $4,247,104,895 with a 24-hour volume traded of $260,410,787. However, the BNB/BTC pair is still trading negative with a loss of -4.47% bringing the current level down to 0.00146559 BTC. 

DOT/USD 

Source: coinmarketcap

Polkadot price levels were able to provide a positive crossover above the crucial mark of $5.00. The CMP is placed at $5.27 with an overall gain of 2.56% adding the weekly gain to 8.13% and bringing the market capitalization to $4,707,197,154 with the 24-hour volume traded of $383,179,023. However, the DOT/BTC pair is still trading negative with a loss of -4.08% bringing the current level down to 0.00025509 BTC. 

ADA/USD 

Source: coinmarketcap

ADA price levels gave a positive crossover above the crucial mark of $0.16 on Wednesday’s market session with an overall gain of 3.16% over the day. The CMP is placed at $13.09 adding the weekly gain to 14.37% and bringing the market capitalization to $5,056,765,33 with the 24-hour volume traded of $773,569,272. However, the ADA/BTC pair is still trading negative with a loss of -1.06% bringing the current level to 0.00000790 BTC. 

BSV/USD 

Source: coinmarketcap

Bitcoin SV had a positive crossover against the major resistance level of $170.00 on Wednesday’s market session. The CMP is placed at $174.12 with an overall gain of 1.71% adding the weekly gain to 4.34%. The market capitalization has reached $3,238,388,126 with a 24-hour volume traded of $477,051,792. However, the BSV/BTC pair is still performing negative with a loss of -3.78% bringing the current level to 0.00850982 BTC. 

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