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btc today newsBitcoin, the leading cryptocurrency, has failed to hold above the $16,900 support level, which has now become a major resistance. While Ethereum, the second-most valuable cryptocurrency, has also breached a major support level of $1,240, extended by an upward channel. Given this, BTC and ETH are likely to trade on the bearish side. Major cryptocurrencies traded unevenly early on December 8, as the global crypto market capitalization fell 1.87 percent in the previous day to $839.72 billion. Over the last 24 hours, overall crypto market volume grew 2.40 percent to $36.85 billion. Let's take a look at the top 24-hour altcoin gainers and losers.Top Altcoin Gainers and Losers Nexo (NEXO), EOS (EOS), and Synthetix (SNX) are three of the top 100 coins that have gained value in the last 24 hours. NEXO's price has risen nearly 3.50% to $0.6675; EOS's price has risen more than 2% to $0.9795; SNX's price has risen nearly 2.6%. Axie Infinity (AXS), ImmutableX (IMX), and Dash (DASH) are three of the top 100 coins that have lost value in the last 24 hours. Whereas AXS price has lost about 8.5% to trade at $8.15, IMX is down nearly 8% to trade at $0.4375. At the same time, the DASH price is down over 8% to trade at $43.75.Celsius Customers to Get $44M in Crypto From Bankruptcy The funds consist of cryptocurrency previously housed in earn accounts but have since been moved to a custody account on Celsius. A federal judge has mandated that Celsius, a cryptocurrency lending platform, refund $44 million worth of cryptocurrency to users of its custody program. Bloomberg reports that United States Bankruptcy Judge Martin Glenn issued the directive orally on December 7 during a hearing, saying: “I want this case to move forward. I want creditors to recover as much as they possibly can as soon as they possibly can.” According to a Bloomberg report from December 5, Celsius is looking to sell $18 million of stablecoins held in these accounts to fund its reorganization, with Glenn set to address the issue of fund ownership on December 12. Celsius has argued that users who deposited funds within its earn accounts gave up ownership of the funds when they agreed to the company's terms of service. US Unemployment Claims in Focus Later today, the investors' focus will remain on the US jobless claims, which are due to come out during the US session. In the week ending November 26, the number of people applying for unemployment benefits fell to 225,000. The Labor Department reported on December 1, down 16,000 from the week before when there were 241,000 applications. The average number of claims over four weeks has gone up by 1,750 to 227,000, canceling out weekly swings. Initial unemployment claims fell to 225K from an anticipated 235K for the week—signs of higher-than-expected initial claims for unemployment insurance in the United States. The number of people seeking unemployment benefits is a surrogate measure of job losses. In light of these findings, it is clear that American workers still have exceptional job security despite the obvious economic weaknesses. Bitcoin Price Bitcoin's current price is $16,825, and the 24-hour trading volume is $19 billion. The BTC/USD pair has lost nearly 1% in the last 24 hours, while CoinMarketCap currently ranks first with a live market cap of $323 billion, down from $357 billion yesterday. Due to the strength of the US dollar, the BTC/USD pair has broken below the $16,900 support level, which is now acting as resistance. BTC could fall to the next support level of $16,500 or even $16,000 in this scenario. A bullish breakout above $16,900, on the other hand, could expose the BTC price to $17,200 or $17,350.Ethereum Price The current price of Ethereum is $1,229, with a $5 billion 24-hour trading volume. Ethereum has lost nearly 2% in the last 24 hours, and CoinMarketCap currently ranks second, with a live market cap of $150 billion. On the 4-hour chart, Ethereum has broken through the upward channel that had been supporting the coin at $1,238. Closing candles below this level indicate the possibility of a downtrend continuation. On the downside, Ethereum's immediate support is around $1,200, and it can fall as low as $1,180 or $1,150. On the plus side, Ethereum's resistance remains between $1,240 and $1,280.IMPT Presale Ends in 4 Days IMPT is a new Ethereum-based network that will reward users for doing business with environmentally conscious companies. IMPT has raised more than $15.6 million since its initial public offering in October, with 1 IMPT currently trading at $0.023. IMPT.io, a groundbreaking platform for carbon offsetting and carbon credits trading, will end its token presale on December 11th due to its extraordinary success. Visit IMPT NowFind The Best Price to Buy/Sell Cryptocurrency
by Tayyab1211
BTC.Dominance and ALTSEASON OPPORTUNITY☝🏻 The dominance of Bitcoin over the last 40 days has demonstrated a sideways-accumulation cycle that has not yet appeared in the graph. Despite the sideways structure, some BTC pairs were able to experience extreme up-trend movements and the overall atmosphere in the altcoins market was positive. The situation and sentiment have changed in the last 10 days and most altcoins are experiencing advanced corrections. SobPersonally, I am always happy for the movement of UP dominance, because it opens up many opportunities to buy / buy running altcoins for both USDT and BTC pairs. The rebound towards UP occurred from the currently strongest support of 60.5-61%, which will be the benchmark for a potential altseason. In the event of a breakdown of this level, I expect a drop in dominance of up to 50%, which would result in a several-week uptrend cycle on altcoins. ✋🏻Personally, I will be very interested in tomorrow's 3D close, because the last candle closed over the strong and respected BK77 3D, which last happened more than a month ago. Although I have been observing a decline in dominance again in the last 2 days, I speculate on this movement only as a retest of a broken trend in convergence with a combination of 4H BKs. There is still plenty of time until tomorrow's close and in case of impulse movement on BTC, the 3D candle can close over BK77, thus confirming it as support and I will expect the UP movement to continue to the zone 64.15-65.1%, where I will watch re-entries into altcoins. 👍🏻 Otherwise, a typical sideways-declining trend along the trendline may occur again in the dominance, back to the zone of strong support, where we will monitor the reaction to the determination of the middle-term setup on BTC.D. In this case, we will definitely follow short-term setups on USDT and BTC pairs, which can continue in the green for a few days. Many altcoins also broke down strong support zones and High Time Frames BKs downwards, so continuing the correction would make more sense. This would, of course, allow us to pick up decent purchase prices and give us the opportunity to be better prepared for another downturn. 4H graph: 3D graph:
CRYPTOCAP:BTC.D
by Tradify_Seb
BITCOIN|BTC Special Update| Be Careful With Your Longs!!!!!!!#BTC Special Update!!!! Don't Over Excited Guys..Be Careful With Your Longs. 24 July 2018 BTC Was Break Out From 1D Falling Wedge ..But Its Rejected From MA200 And After All It Was A Fake out.. Same Things Happened This Time BTC Breakout From Falling Wedge And Almost Reached The MA200 Resistance Which Is Locked At 9100$. So For Now If BTC Manage To Hold Above 9100$ With A Healthy Candle Then Target Is Infinity!!!! But If BTC Fail To Break MA200 Then We Can See Same Thing Like Past..Huge Downward Move Will Come.. Stay Safe Good Luck With Your Trades. Css Team t.me/cryptospecialsignal
COINBASE:BTCUSD
by CssTeam
2
BITCOIN|BTC Breakdown From Bearish Rising WedgeHello Guys !!! From Last Couple Of Weeks BTC Making Downtrend Moves.WE Saw It Reached New Yearly Bottom Somedays Ago.Then Its Pumped From 6500$ Level And Reached 7800$ Resistance Level..After That Its Again On A Downtrend Channel ..From Last 2 Weeks BTC Making Sideway Moves.Now Its Looks For Another Downtrend Move..Its Broken Down From Bearish Rising Wedge....If Next 4H Candle Stay Below 7500$ Then Next Target Should Be 7300-7100$ ..Lets See Whats Happen Next. Good Luck CSSTeam @cryptospecialsignal
BITMEX:XBTShort
by CssTeam