Major coins were trading as globally in the green Monday night cryptocurrency The market cap rose 0.4% to $812.5 billion as of 7:15 p.m. EST.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.7% | 3.1% | $16,956.37 |
| ether ETH/USD | 0.95% | 5.4% | $1,230.20 |
| Dogecoins DOGE/USD | 0% | -6% | $0.076 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Terra classic (LUNK) | +8.4% | $0.00016 |
| Lido DAO (I DO) | +6.1% | $1.03 |
| XRP (XRP) | +5.5% | $0.365 |
See also: 9 Best Coinbase Alternatives in 2022
Why it matters: The two largest cryptocurrencies — Bitcoin and ether – posted gains below 1% on Monday evening.
The cryptocurrencies followed US stock futures which were in the green at the time of writing.
Bitcoin’s 24-hour trading volume was seen up 5.2% to $12.3 billion, while Ethereum’s intraday trading volume was down 14% to $3.4 billion at the time of writing .
cryptocurrency trader Michael van de Poppe said, “I think we’ll continue the grind towards the upper levels as a new year approaches.”
The dollar index, a measure of the greenback’s strength against a basket of six currencies, has been reported poised for a “big move” in the coming weeks Justin Bennett.
Risky assets tend to move inversely to the index. Bennett pointed out that the DXY “drawn a triangle pattern in December” with support near 104 and resistance at 104.50.
“The index is nearing the top of this terminal pattern, which means it needs to make a move later this week,” Bennett said in a blog post. At the time of writing, the index was 104.33.
chartist Ali Martinez pointed out that large transactions on the Bitcoin network worth more than $100,000 hit a new yearly low of 8,040.
“This indicates low activity from whales and institutional investors [BTC] Network.”
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