Ether’s price dropped to under $3400, erasing gains from the previous days. This movement followed a 4% decline in Bitcoin and triggered $34 million in liquidations of leveraged ETH longs. Investors grew more risk-averse as signs of weakness emerged in the United States job market.
Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices. MicroStrategy acquired 5,262 BTC between Dec. 16 and 22, pouring roughly $561 million into the asset.
The Bitcoin-Dollar pair fell 1.6% in the last session after gaining as much as 1.3% during the session. The ROC is giving a positive signal.
Support: 87909 | Resistance: 98991
The dollar advanced after a drop in the prior session while the euro edged lower, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year.
Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone.
Apple’s stock made a minor downwards correction in the last session, falling 0.2%. According to the CCI, we are in an overbought market.
Support: 251.16 | Resistance: 257.68
China left its benchmark lending rates unchanged as expected at the monthly fixing on Friday. The one-year loan prime rate was kept at 3.10%, while the five-year LPR was unchanged at 3.60%.
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency. Bitcoin’s price is currently down over 10% from its all-time high.
The Bitcoin-Dollar pair plummeted 1.3% in the last session. According to the Stochastic-RSI, we are in an oversold market.
Support: 92812 | Resistance: 99463
