• About Cryptocurrency Prices List
  • Privacy Policy
Newsletter
cryptocurrency prices list
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • About CCLP
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • About CCLP
  • Contact Us
No Result
View All Result
cryptocurrency prices list
No Result
View All Result
Home blog

Take a break – Kraken blog

Vladislav Sopov by Vladislav Sopov
December 8, 2021
in blog
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Bitcoin prices retreated from historic highs in November – an unexpected turn for what has historically been a positive-performing month. Will the trend continue until 2022 or is there cause for concern?

In their last report To make a break, the Kraken Intelligence team examines the factors that led to a correction in the crypto market. Additionally, the team examines how the various sectors of crypto are performing, why demand for ETH continues to rise, and how the bulls are still under control – for now.

Sure … for now

Bitcoin’s $ 69,000 withdrawal raised concerns that crypto could enter a bear market. However, support was found at the key $ 54,000 level, reinforcing optimism that the uptrend remains intact and the market dodged a major deleveraging event. While December averages a historic 13% return for BTC, the current price action is not moving like any other previous fourth quarter.

Memecoins Faded, the metaverse leapt

Interest in memecoins, such as DOGE and SHIB, dropped significantly in November. Where memecoins have faded, prices for Metaverse tokens such as MANA and SAND have outperformed the larger crypto market, with monthly returns of 60% and 330%, respectively. In addition, The Sandbox and game studios Faraway and Mythical Games have successfully completed fundraising. Solana Ventures and Lightspeed Venture Partners announced a $ 100 million GameFi ecosystem fund.

Whale watching

The number of Bitcoin whales (wallets holding over 1,000) edged up in November to a 2-month high. Still, the total holdings in those same portfolios fell, indicating that profit taking may have been factored into the price drop. ETH whales (wallets containing> 10,000) showed the opposite dynamic, where the total number decreased but their holdings per wallet increased. It seems that those who have engaged in ETH have bought on the weakness.

Number Go up

Technical charts indicated a very promising bullish pattern for SOL. Recent weakness indicates that the price is testing a rising support level and renewed strength could lead to a “fourth wave” of price discovery. BTC and ETH techniques also suggest that recent withdrawals are only retesting support levels, possibly ahead of a rise.

Want to know more about what happened and what to expect? Download the Kraken Intelligence report To make a break, to understand what moves the market and where prices can go.

Download our full report

VIP customers are the first to receive Kraken Intelligence reports. If you want to access our bulletin or want to start trading, get the resources crypto investors around the world trust.

Like that:

As Loading…

Related articles

Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

April 23, 2022
Are central banks losing control of the economy?

Are central banks losing control of the economy?

April 23, 2022
Share76Tweet47

Related Posts

Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

by Vladislav Sopov
April 23, 2022
0

Coinbase is looking to bolster its regional presence by acquiring BtcTurk, one of the oldest cryptocurrency trading platforms in Turkey....

Are central banks losing control of the economy?

Are central banks losing control of the economy?

by Vladislav Sopov
April 23, 2022
0

Watch this episode on YouTubeListen to the episode here:In this episode of the "Fed Watch" podcast, I give a great...

Treasury Sanctions Additional North Korean Wallets Linked to Ronin Hack

Treasury Sanctions Additional North Korean Wallets Linked to Ronin Hack

by Vladislav Sopov
April 23, 2022
0

Key points to remember The US Treasury's Office of Foreign Assets Control (OFAC) has sanctioned three North Korean crypto addresses....

Bitcoin and Ethereum are in early days of adoption, Bloomberg Intelligence analyst says

Shiba Inu Developer Issues Scam Warning

by Vladislav Sopov
April 22, 2022
0

Alex Dovbnya A Leading Shiba Inu Developer Has Warned About A Scam Token That Tries To Separate Unsuspecting Victims With...

Kraken Daily Market Report for April 21, 2022

by Vladislav Sopov
April 22, 2022
0

Insight Daily spot trading volume: $932.5 million, 30-day average spot: $827.3 million. Total notional amount of futures contracts: $283.7 million....

Load More
  • Trending
  • Comments
  • Latest
Goguen stage smart contracts are a big step forward – Altcoins Bitcoin News

Goguen stage smart contracts are a big step forward – Altcoins Bitcoin News

September 10, 2021
P2P Crypto Market LocalCryptos Adds Support for Bitcoin Cash (BCH) » CryptoNinjas

P2P Crypto Market LocalCryptos Adds Support for Bitcoin Cash (BCH) » CryptoNinjas

September 10, 2021
Behind the scenes in the most important crypto platform

Behind the scenes in the most important crypto platform

September 10, 2021

Samtrade FX taps Spanish football, becoming the sponsor of Valencia CF

September 16, 2021
Texas Takes Steps to Amend Bitcoin in State Constitution

Texas Takes Steps to Amend Bitcoin in State Constitution

0
Behind the scenes in the most important crypto platform

Behind the scenes in the most important crypto platform

0
Goguen stage smart contracts are a big step forward – Altcoins Bitcoin News

Goguen stage smart contracts are a big step forward – Altcoins Bitcoin News

0
P2P Crypto Market LocalCryptos Adds Support for Bitcoin Cash (BCH) » CryptoNinjas

P2P Crypto Market LocalCryptos Adds Support for Bitcoin Cash (BCH) » CryptoNinjas

0
Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

Coinbase Reportedly Seeks to Acquire Turkish Crypto Exchange BtcTurk for $3.2 Billion – CoinCheckup Blog

April 23, 2022
Are central banks losing control of the economy?

Are central banks losing control of the economy?

April 23, 2022
Treasury Sanctions Additional North Korean Wallets Linked to Ronin Hack

Treasury Sanctions Additional North Korean Wallets Linked to Ronin Hack

April 23, 2022
Bitcoin and Ethereum are in early days of adoption, Bloomberg Intelligence analyst says

Shiba Inu Developer Issues Scam Warning

April 22, 2022

© 2020 CCPL - ( Cryptocurrency Prices List )

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2020 CRYPTO, CRYPTOCURRENCY PRICES LIST.