{"id":37156,"date":"2022-12-05T02:06:43","date_gmt":"2022-12-05T02:06:43","guid":{"rendered":"https:\/\/egrowonline.com\/?p=37156"},"modified":"2022-12-05T02:06:43","modified_gmt":"2022-12-05T02:06:43","slug":"bitcoin-ethereum-dogecoin-rise-analyst-says-some-altcoins-showing-strength-defi-waking-up-ahead-of-new-week-bitcoin-btc-usd-ethereum-eth-usd-dogecoin-doge-usd","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=37156","title":{"rendered":"Bitcoin, Ethereum, Dogecoin Rise: Analyst Says Some Altcoins Showing Strength, DeFi ‘Waking Up’ Ahead Of New Week – Bitcoin (BTC\/USD), Ethereum (ETH\/USD), Dogecoin (DOGE\/USD)"},"content":{"rendered":"


\n<\/p>\n

\n

Major coins were trading higher on Sunday evening as the global cryptocurrency<\/a> market cap rose 1.4% to $859.2 billion at 7:18 p.m. EST.<\/p>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Price Performance Of Major Coins<\/caption>\n

<\/p>\n

Coin<\/th>\n

<\/p>\n

24-hour<\/th>\n

<\/p>\n

7-day<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

Bitcoin<\/strong> BTC\/USD<\/span><\/td>\n

<\/p>\n

1%<\/td>\n

<\/p>\n

4%<\/td>\n

<\/p>\n

$17,108.07<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Ethereum<\/strong> ETH\/USD<\/span><\/td>\n

<\/p>\n

2.5%<\/td>\n

<\/p>\n

6.9%<\/td>\n

<\/p>\n

$1,279.19<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Dogecoin<\/strong> DOGE\/USD<\/span><\/td>\n

<\/p>\n

3%<\/td>\n

<\/p>\n

4.9%<\/td>\n

<\/p>\n

$0.10<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Top 24-Hour Gainers (Data via CoinMarketCap)<\/caption>\n

<\/p>\n

Cryptocurrency<\/th>\n

<\/p>\n

24-Hour % Change (+\/-)<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

Celo<\/strong> (CELO)<\/td>\n

<\/p>\n

+16.7%<\/td>\n

<\/p>\n

$0.69<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

EthereumPoW<\/strong> (ETHW)<\/td>\n

<\/p>\n

+6.4%<\/td>\n

<\/p>\n

$4.03<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

ImmutableX<\/strong> (IMX)<\/td>\n

<\/p>\n

+6.7%<\/td>\n

<\/p>\n

\u200b\u200b$0.51<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

See Also: <\/em>How To Invest In Decentralized Finance or DeFi<\/em><\/a><\/p>\n

Why It Matters:<\/strong> Bitcoin and Ethereum were up even as U.S. stock futures opened largely flat as the weekend drew to a close. S&P futures were unchanged, while Nasdaq futures inched down 0.2% at the time of writing.\u00a0<\/p>\n

Investors will look forward to November ISM services data, which is expected Monday morning EST.<\/p>\n

Investor sentiment was largely unchanged going into the fresh trading week. Alternative.Me\u2019s \u201cCrypto Fear & Greed Index\u201d flashed \u201cFear\u201d at the time of writing, while last week the Index was at \u201cFear\u201d as well.<\/p>\n

Micha\u00ebl van de Poppe <\/strong>noted that some so-called altcoins are on the move up. The trader pointed to Fantom<\/strong> (FTM), Avalanche<\/strong> (AVAX), and Polkadot<\/strong> (DOT) as examples of coins that are starting to \u201clook pretty good.\u201d<\/p>\n

FTM has shot up 28.2%, AVAX has risen 7.3%, and DOT is up 6.2% over a seven-day period.<\/p>\n

\u201cSlowly, but surely, some [altcoins] are showing strength and especially [Decentralized Finance or DeFi] is waking up,\u201d said Van De Poppe in a separate tweet.<\/p>\n

Meanwhile, on the apex coin side, CryptoQuant analyst Jan W\u00fcstenfeld<\/strong> said that since this cycle monetary policy has \u201cbecome relevant for Bitcoin.\u201d<\/p>\n

\u201cWe have seen more widespread adoption of Bitcoin over the last years. Futures markets being introduced, institutional interest rising etc. So naturally, Bitcoin has become more connected to the traditional financial markets and is not only driven by retail investing anymore.\u201d<\/p>\n

W\u00fcstenfeld said that with the latest price moves multiple parties have \u201cdeclared Bitcoin dead\u201d again but given the monetary conditions it is pertinent to ask if the \u201cfederal funds rate will continue to rise indefinitely or that, ultimately, it has to come down? There you have your answer.\u201d<\/p>\n

The last Federal Open Market Committee<\/strong> (FOMC) meeting for the year is scheduled for next week. At the time of writing, CME\u2019s Fed Watch tool indicated a 78.2% probability for a 50 basis points rate hike.<\/p>\n

Read Next: <\/em>Warren Buffett Now Owns Bitcoin: Here’s How The Oracle Of Omaha Got Exposure<\/em><\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Major coins were trading higher on Sunday evening as the global cryptocurrency market cap rose 1.4% to $859.2 billion at 7:18 p.m. EST. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC\/USD 1% 4% $17,108.07 […]<\/p>\n","protected":false},"author":1,"featured_media":37157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[1386,200,646,50,6612,172,85,4961,158,2693,163,2033,1714,12669,339],"class_list":["post-37156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-ahead","tag-altcoins","tag-analyst","tag-bitcoin","tag-btcusd","tag-defi","tag-dogecoin","tag-dogeusd","tag-ethereum","tag-ethusd","tag-rise","tag-showing","tag-strength","tag-waking","tag-week"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/shutterstock_2136951113.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37156"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37156\/revisions"}],"predecessor-version":[{"id":37158,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37156\/revisions\/37158"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/37157"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37156"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}