Bitcoin was in the green Sunday night despite the global cryptocurrency market cap falling 0.3% to $1.1 trillion as of 8:20 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.75% | 9.1% | $21,800.95 |
| ether ETH/USD | -0.7% | 11.4% | $1,761.84 |
| Dogecoins DOGE/USD | -1.8% | 0.7% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Celsius (CEL) | +14.8% | $1.60 |
| ApeCoin (MONKEY) | +10.65% | $5.61 |
| pancake swap (CAKE) | +4.2% | $4.53 |
See also: How to get free NFTs
Why it matters: Bitcoin and Ethereum traded mixed, although stock futures edged higher. The S&P 500 and Nasdaq futures are up 0.1% and 0.2%, respectively, as of this writing.
Over the weekend, Bitcoin surged above the psychological $20,000 level and hit a high of $21,760.28, while Ethereum peaked at $1,784.50.
“Bitcoin welcomes the return of risk appetite and a falling US dollar. The broad market rally has rejuvenated cryptos, and that could continue if investors continue to look beyond aggressive central bank overtures and ongoing recessionary risks,” he said Edward Moyaa senior market analyst at OANDA.
Michael van de Poppe said that markets are not looking for a “continuation down” and there is even “strength up” as altcoins start to outperform.
Markets are not looking for a continuation down, there may even be strength to the upside #altcoins begin to form better.
Could be a fun Q4 this year.
— Michaël van de Poppe (@CryptoMichNL) 09/11/2022
The cryptocurrency trader said on Twitter, “Could be a fun fourth quarter of this year.”
Justin Bennett adopting a more cautious tone, tweeting: “The cops had their fun but the whole thing [crypto] The market is 5% below a massive resistance area.”
“Probably a nudge higher before the next leg down.” The dealer…
