• Bitcoin price is neutral below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays.
• Benjamin Cowen, a well-known cryptocurrency expert, recently stated that the bears are growing tired as Bitcoin’s (BTC) price has plunged more than 75% from its all-time high above $69,000.
• Major altcoins such as Ethereum, FightOut, Dash 2 Trade, and Calvaria are capturing the attention of investors with the launch of their presales.
It’s been a quiet day in the cryptocurrency market, with Bitcoin price prediction remaining neutral below $17,000. Among the entire crypto market, the global crypto market cap stayed practically steady at $810.53 billion over the previous day, while the overall volume increased 12.46% to $28.94 billion. This low volatility can be attributed to the upcoming Christmas holidays, as investors take a break from trading and focus on the festivities.
Benjamin Cowen, a well-known cryptocurrency expert, recently stated that the bears are growing tired as Bitcoin’s (BTC) price has plunged more than 75% from its all-time high above $69,000 observed last year. According to Cowen, the bulls have neutralized the bears, and a long accumulation period will soon begin in preparation for a new bullish cycle. The current price of a bitcoin is $16,838, and the volume of trades in the last 24 hours is $16 billion. CoinMarketCap is ranked first with a live market cap of $323 billion.
Major altcoins such as Ethereum, FightOut, Dash 2 Trade, and Calvaria have also been making news lately. Ethereum’s current price is $1,222, with a $5.5 billion 24-hour trading volume. In the last 24 hours, Ethereum has gained nearly 0.50%, and CoinMarketCap currently ranks second, with a live market cap of $149 billion. Meanwhile, FightOut, an M2E fitness app and gym chain, recently launched its presale, which raised over $2.3 million in just a few days. Investors are encouraged to act soon in order to obtain their FGHT tokens at the current price of 60.06 USDT per 1 USDT. Dash 2 Trade has also been gaining attention, with a revolutionary analytics and social trading platform that has the potential to change the cryptocurrency trading business forever. The Dash 2 Trade token presale has now topped $10.5 million in sales at considerably lowered rates. Lastly, Calvaria’s play-to-earn cryptocurrency card warfare game, RIA, has raised $2.5 million, with 18% of tokens remaining.
All in all, the cryptocurrency market appears to have low volatility and trading volume due to the upcoming Christmas holidays. However, major altcoins such as Ethereum, FightOut, Dash 2 Trade, and Calvaria are still capturing the attention of investors with the launch of their presales. Investors are encouraged to take advantage of these opportunities before the presales end.