Crypto Market Snapshot: All Your #BTC and #ETH Moves in One Take
Yesterday morning, the crypto universe bragged a whopping nearly $1.42 trillion in market capitalisation. Bitcoin, the market’s heavy‑weight champ, was sitting around $37,000 at the dawn of Tuesday’s trading.
At the close of last week, momentum fizzled out, putting a lukewarm squeeze on prices across the crate. If Bitcoin holds steady near the $37,000 mark, it looks like the price will be shuttling between the lower tent of the price channel at $36,600 and the upper boundary at $38,300. Crack those walls, and you’ll see whether the long‑term trend takes off. In the short run, expect a little consolidation.
For now, the safest play is to stick to buying dips with a cool‑headed hand.
Ethereum’s Sticky Dance
Ethereum stumbled again—no higher than the $2,100 threshold for the third time this year, after let‑downs in April and early November. The second‑largest crypto just slipped back to around $2,050, a gentle signal that a short‑sighted squeeze could still be looming.
Why the Market’s Feeling the Chill
- Regulatory Radar: The U.S. Commodity Futures Trading Commission (CFTC) has dropped a warning on exchanges that want to outwit its “customer protection” shield. That’s a global cold‑sniff on the market.
- ETF Eye‑Candy: Bitcoin exchange‑traded funds (ETFs) are on the brink of approval—and that could usher in up to $70 billion of fresh capital. Think 10% of those funds in stock and bond ETFs might jump ship to Bitcoin ETFs.
- The Big Exit: Once the fresh liquidity arrives and prices climb, a wave of traders could start cashing out. That’s the “take‑profit” storm that could nudge Bitcoin down for a while.
Baby Names for the Next Surge
While Bitcoin’s next bullish lift is on the horizon, Cardano (ADA) could also find its footing and eye $11. Its resilient blockchain is set to supercharge the DeFi scene, offering a performance boost that even Ethereum can’t quite match in reliability, security, and decentralisation.
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