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Bitcoin started an upside correction from the $18,223 low against the US Dollar. BTC climbed above $19,000, but it is now facing resistance near the 100 hourly SMA.
Bitcoin traded as low as $18,223 before it started an upside correction.
The price is still trading below $20,000 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $19,650 on the hourly chart of the BTC/USD pair.
The pair must clear the trend line and the 100 hourly SMA to continue higher towards $20,500.
Ethereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels.
Ethereum started a minor upside correction above the $1,325 level.
The price is now trading below $1,400 and the 100 hourly simple moving average.
There was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD.
The pair could recover further if there is a clear move above the $1,400 resistance zone.
Today’s Cryptocurrency Prices by Market Cap
The global crypto market cap is $935.56B, a 3.95% increase over the last day.
The total crypto market volume over the last 24 hours is $70.00B, which makes a 12.37% decrease. The total volume in DeFi is currently $4.41B, 6.31% of the total crypto market 24-hour volume. The volume of all stable coins is now $64.73B, which is 92.48% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 39.57%, an increase of 0.33% over the day.