Price analysis 12/17: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

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Price analysis
Source: Coin360
  • The Bitcoin investors who bought the world’s largest cryptocurrency during the 2017 bullish run might have a sigh of relief after 3 years as BTC cleared its ATH and a psychological mark of $20K. 
  • The global crypto market capitalization is $634.90B resulting in an increase of 12.37% over the day 
  • The total crypto market volume traded over the last 24 hours stands at $209.87B resulting in an increase of 96.33% over the day. The sharp rise in the volume traded can be the result of FOMO among institutional investors. 
  • The dominance of the crypto king has reached 65.05% resulting in an increase of 1.24% over the day. 

BTC/USD 

Source: coinmarketcap

Bitcoin price levels were able to sustain positive momentum even after breaking above its ATH of $20K. This might be indicating that institutional investors and whales are still holding buying dips on the world’s largest cryptocurrency and the entry of new whales in the crypto world. The CMP is placed at $22,857.94 with a massive gain of 17.82% resulting in market capitalization to have an increase of 8.22% with the 24-hour volume traded to have an increase of 44.36%. It must be noted that the current price levels are facing minor retracements after every new level is attained by the crypto asset.

ETH/USD 

Source: coinmarketcap

Ethereum also provided a positive crossover above its year-high around $630. The CMP is now placed at $640.38 with a significant overall gain of 9.43% adding the weekly gain to 14.13%. The market capitalization is at $73,602,150,277 with the 24-hour volume traded if $22,251,952,902. The ETH/BTC pair is still trading negative with a loss of -5.71% bringing the current level down to 0.02843710 BTC. The current levels retraced back from the price mark of $650.00 which could be acting as a new resistance point in the upcoming trading sessions. 

XRP/USD 

Source: coinmarketcap

With the overall market conditions turning extremely bullish, XRP price levels were also able to revive its positive momentum in the market. The CMP is now placed at $0.55022 with a significant gain of 20.86% reducing the weekly loss to 5.61% and bringing the market capitalization to $24,897,177,059 with the 24-hour volume traded of $17,757,054,465. The current levels faced negative reversals from the price mark of $0.58 which could be acting as the resistance point in the upcoming trading sessions. 

LINK/USD 

Source: coinmarketcap

Chainlink price levels provided another positive crossover above the crucial mark of $13.00 on Thursday’s market session. The CMP is placed at $13.28 with an overall gain of 5.89% adding the weekly gain to 7.22%. The market capitalization has reached $5,244,923,425 with a 24-hour volume traded of $1,533,943,825. The LINK/BTC still continues to trade negatively with an overall loss of -8.88% bringing the current level down to 0.00058832 BTC. The current price levels will be facing major resistance placed at $14.00. 

BCH/USD 

Source: coinmarketcap

Bitcoin Cash price levels also provided a positive crossover above the crucial mark of $300.00 on Thursday’s market session. The CMP is placed at $322.44 with an overall gain of 12.43% adding the weekly gain to 18.29%. The market capitalization is at $5,861,298,190 with the 24-hour volume traded of $4,663,336,606. The BCH/BTC pair is still performing negative with a loss of -5.31% bringing the current level to 0.01397586 BTC. 

LTC/USD 

Source: coinmarketcap

Litecoin price levels looked for a positive crossover above the crucial bullish mark of $100.00 on Thursday’s market session. The CMP is placed at $98.91 with an overall gain of 23.11% adding the weekly gain to 29.77%. The market capitalization has reached $6,539,049,997 with a 24-hour volume traded of $8,249,748,598. The LTC/BTC pair is also performing positive with an overall gain of 4.23% bringing the current level to 0.00433339 BTC. 

BNB/USD 

Source: coinmarketcap

Binance coin price levels provided another positive crossover above the resistance level of $30.00 during the current market session. The CMP is placed at $31.08 with an overall gain of 7.41% over the day adding the weekly gain to 9.91%. The market capitalization is at $4,449,678,284 with a 24-hour volume traded of $449,566,929. The BNB/BTC pair is still performing negative with a loss of -7.50% bringing the current level down to 0.00138691 BTC. 

DOT/USD 

Source: coinmarketcap

Polkadot price levels sustained above the crucial mark of $5.00 on Thursday’s market session by having an overall gain of 8.41% over the day. The CMP is placed at $5.58 adding the weekly gain to 15.76% with the market capitalization of $4,962,826,085 and the 24-hour volume traded of $698,543,863. The DOT/BTC pair is still performing negative with a loss of -7.06% bringing the current level down to 0.00024622 BTC. If the current bullish move is sustained by the crypto asset on a longer timeframe, it may retest the crucial bullish mark of $6.00 again in the upcoming trading sessions.

ADA/USD 

Source: coinmarketcap

ADA price levels were able to have a positive crossover above the major resistance level of $0.17 on Thursday’s market session. The CMP is placed at $0.170513 with an overall gain of 11.61% adding the weekly gain to 16.85%. The market capitalization has reached $5,338,525,776 with a 24-hour volume traded of $1,084,441,737. The ADA/BTC pair is still performing negative with a loss of -3.23% bringing the current level to 0.00000760 BTC. The current price level must sustain above the crucial mark of $0.17 for further gaining of the new levels. 

BSV/USD 

Source: coinmarketcap

Bitcoin SV price levels were able to maintain sustainability above the major resistance level of $180.00 on Thursday’s market session. The CMP is placed at $185.78 with an overall gain of 10.60% adding the weekly gain to 10.12%. The market capitalization has reached $3,459,988,258 with a 24-hour volume traded of $709,049,636. The BSV/BTC pair is still performing negative with a loss of -5.28% bringing the current level to 0.00818172 BTC. 

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