BTC fell nearly 2% to $16,480 on Dec. 30, turning Bitcoin price prediction bearish. Similarly, Ethereum is experiencing a bearish moment, possibly due to the release of US jobless claims figures, which increased demand for the US dollar and sparked a selling trend in the negatively corrected crypto market.
For the week ended December 24, the number of new jobless claims filed by Americans increased by 9,000 to 225,000, in line with market expectations of 225,000. The 4-week moving average, which accounts for weekly changes, was unchanged at 221k, showing the labor market is tight.
Bitfarms co-founder and CEO Emiliano Grodzki is stepping down
A December 29 press release announced the resignation of Bitfarm’s co-founder and CEO Emiliano Grodzki. The mining company was founded in 2017 by Emiliano Grodzki and Nicolas Bonta.
Rumor has it that while Grodzki will continue to serve as director, Bonta will now serve as CEO. Following Grodzki’s departure, Geoffrey Morphy, previously President and COO, was promoted to CEO.
Morphy said:
“Challenging times are precisely why our focus on operational efficiencies, cost control, corporate governance and a diversified portfolio of underutilized energy sources is so important and positions us for success in all environments.”
Bitcoin miners have been hit hard by the market downturn as their daily earnings hit historic lows. Neither Bitfarms nor any other company has been immune to the current market conditions as the company has posted consecutive quarterly losses for the past two months. This has the potential to drive the prices of Bitcoin and other altcoins even lower.
bitcoin price
The current price of one bitcoin is $16,503 and the trading volume in the last 24 hours is $14 billion. On the 4-hour timeframe, Bitcoin is gaining solid support at $16,460, which is being extended by an outward trendline evident in the chart below.
Bitcoin price chart – Source: Tradingview
A bullish breakout above $16,720 could expose bitcoin price to the next resistance level of $16,990. With the RSI and MCD in the bearish zone, a bearish break above the $16,460 level could expose bitcoin to an immediate support level of $16,200 or $16,000. Another bearish breakout from $16,000 could take BTC towards $15,500 today.
Ethereum price
Ethereum’s current price is $1,193, with a 24-hour trading volume of $4 billion. In the last 24 hours, Ethereum is up nearly 0.25% and CoinMarketCap is currently in second place with a live market cap of $146 billion.
Ethereum trending down like Bitcoin; However, ETH has found immediate support at $1,180. A rising trend line observed on the 4-hour timeframe extends this support level.
Ethereum price chart – Source: Tradingview
On the 4-hour timeframe, the candle close above $1,180 will almost certainly signal a bullish reversal. The bullish move, on the other hand, could propel Ethereum price to an immediate resistance level of $1,220, which is being stretched by the 50-day simple moving average.
On the other hand, a break below an uptrend line can extend the selling trend to the next support levels of $1,150 and $1,100.
High Yield Alternative Coins
Despite the overall decline of the bitcoin industry, few coins have risen to prominence.
Combat (FGHT)
The FightOut (FGHT) platform works much like a personal trainer, except that the FGHT token is proactively rewarded for training time. All activity is recorded and can be used to improve your Metaverse avatar’s stats.
Earning FGHT tokens provides an added incentive for people to stay healthy and exercise while taking advantage of blockchain technology. FightOut has been successful and attracted investors despite the general lack of liquidity in the cryptocurrency market.
It has already raised more than $2.4 million through its token sale that started last week. The current selling price of 60.06 FGHT for $1 (FGHT can be bought with ETH or USDT) will increase as the sale continues.
Visit FightOut now
Dash 2 Trading (D2T)
When it launches early next year, Dash 2 Trade will be an Ethereum-based platform that will provide real-time stats and social trading data. Trading signals, on-chain analysis, strategy building tools, and news feeds will be among the first features to help both novice and experienced traders stay current in the volatile bitcoin market.
One of the biggest ICOs of 2022, Dash 2 Trade has just 8 days left until the end of the pre-sale and has launched its dashboard beta. D2T has already raised over $11 million in funding.
D2T is the access coin of the system, and it is now worth $0.0533 in pre-sale after initially selling it to investors’ coin for $0.0476, and it is now worth $0.0533 in pre-sale after initially selling it was sold to investors for $0.0476.
Visit Dash 2 Trade Now
C+charge (CCHG)
C+Charge (CCHG) is a Binance Chain-based peer-to-peer payment system for electric vehicle (EV) charging stations. It intends to expand access to carbon credits by rewarding customers who charge their electric vehicles at its terminals, which will open in the second quarter of next year.
The platform has already agreed to add 20% of Turkey’s EV charging stations to its network, demonstrating its ability to scale rapidly. 1 CCHG costs $0.013 and can be bought with BNB or USDT.
Visit C+Charge now
Find the best price to buy/sell cryptocurrency
Cryptocurrency Price Tracker – Source: crypto news
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