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BNB Leads Recovery Efforts While Bitcoin Struggles Below $17K (Weekend Watch)

Cryptobestcoins by Cryptobestcoins
December 18, 2022
in Cryptocurrency
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BNB Leads Recovery Efforts While Bitcoin Struggles Below $17K (Weekend Watch)
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Over the previous day, the overall cryptocurrency market capitalization managed to get well just a few billion, however the general market noticed no appreciable volatility, and quantity is drying up.

Some altcoins managed to drag forward, however the broader sentiment stays fearful.

Bitcoin Struggles Beneath $17K

Bitcoin’s worth was unable to carry above the $17K stage yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has didn’t get well and is at the moment buying and selling at round $16,670.

btc_price_chart_181201
Supply: Binance by way of TradingView

BTC’s worth is down about 2.4% on the week and is simply up 0.2% up to now 24 hours, unable to stage a transparent restoration.

Bitcoin’s dominance – used to primarily gauge its share relative to that of the remainder of the market – sits nonetheless at 38.2% (in keeping with CoinGecko).

Altcoins Calm, BNB Pulls Forward

For probably the most half, altcoins have additionally been standing nonetheless over he previous day, unable to provide any significant will increase, with sure exceptions.

The most effective performer from the highest 10 cash by the use of complete market capitalization is Binance Coin. BNB is up 4%, buying and selling at barely beneath $250 on the time of this writing.

cryptocurrency_heatmap_181201
Supply: Quantify Crypto

General, for the second day in a row, Toncoin (TON) stays one of the best performer from the highest 100, up 6.2%. The cryptocurrency is now up a whopping 40% up to now week.

It appears Tezos (XTZ) misplaced probably the most throughout this era (-3%), which is kind of the identical as WhiteBIT’s WBT token and Mina Protocol’s MINA.

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Disclaimer: Data discovered on CryptoPotato is these of writers quoted. It doesn’t characterize the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You might be suggested to conduct your individual analysis earlier than making any funding choices. Use offered data at your individual threat. See Disclaimer for extra data.

Cryptocurrency charts by TradingView.



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