Major cryptocurrencies have shown mixed business behavior amid mounting regulatory challenges and liquidity concerns.
| Cryptocurrency | Gains +/- | Price (recorded at 9:30pm EST) |
| Bitcoin (CRYPTO: BTC) | +0.23% | $25,915 |
| Ethereum (CRYPTO: ETH) | -0.32% | $1,745 |
| Dogecoin (CRYPTO: DOGE) | -0.52% | $0.061 |
What happened: The past week has been a tumultuous one for the cryptocurrency world, as a major US regulator Securities and Exchange Commission (SEC) It cracked down on cryptocurrency exchanges and labeled several major digital currencies as securities.
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Despite this setback, the cryptocurrency market has shown resilience. Bitcoin held steady after a slight drop over the weekend that sent the token below $26,000 on low trading volumes. Aether followed a similar trend.
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| Cryptocurrency | Gains +/- | Price (recorded at 9:30pm EST) |
| polygon | +5.12% | $0.63 |
| Aptos | +4.61% | $6.23 |
| zcash | +3.63% | $24.69 |
At the time of writing, the global cryptocurrency market cap is $1.05 trillion, up 0.30% from the previous day.
Traders kept a close eye on S&P 500 futures Sunday night, as all eyes were on the Fed’s policy meeting and the latest inflation data.
S&P 500 futures were relatively unchanged, adding a minimum of 0.14%, while Nasdaq 100 futures saw a slight boost of 0.27%.
After a flurry of positivity for the markets, with the S&P 500 index rising to its highest point since August and posting its fourth straight week of gains, investors maintained their optimism heading into the new week. On Friday, the S&P 500 was up 0.11%, while the Nasdaq Composite was up 0.16%.
be seen more: Best crypto day trading strategies
analyst Notes:Ideally with Bitcoin, you want to see a sweep of the dips. Bitcoin tested the resistance at $26,100, but couldn’t break through. The CME gap at $26,500 is likely to be filled in the next few weeks. Bidding at $25,000, volatility at $26,100 also serves as a continuation incentive. Michael Van de Poppe.
according to Donalt, a pseudonymous analyst, the current outlook for altcoins is bleak. Although Bitcoin remains well above the 2022 price floor, several popular altcoins are now trading near yearly lows.
Crypto bulls should shift their focus toward accumulating altcoins with a strong fundamental narrative rather than being dissuaded by the current market pullback, DonAlt notes. “If you want to buy something, buy something with a combo. That’s why I was trading Litecoin; that’s why I was trading XRP because I knew Litecoin – the combo halving – you could take advantage of that. XRP – SEC status, you can trade that way.” But those are the only ones you can touch.”
according to Emotion, an on-chain data analytics company While the altcoin market is experiencing wild volatility, the quietly accumulating bitcoin whales point to a bullish divergence. Despite the price drop, whale holdings increased by around 1,000 BTC per day, indicating a promising recovery on the horizon.
https://twitter.com/santimentfeed/status/1667785187172966401
is reading the next: Jim Cramer advised against using Binance, which prompted strong reactions from Twitter users
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