Today is Thursday, 2nd December, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!
The fear and greed index is still perilously close to the extreme fear zone. Bitcoin (BTC) remains weak, yet support around $55,000 is holding back the bears.
BTC may be preparing for a decisive upward leap. However hasty the conclusion is, it’s still highly possible that the fear and greed index will be artificially inflated, going by the past cases. Moreover, these manipulative plans appear to be the core reason the first cryptocurrency hasn’t yet fallen below $55,000.
Nothing new here. Bitcoin’s collapse once again led to drawdowns among the top alternative cryptocurrencies. Solana (SOL) proves to be the most persistive coin, having managed to climb about 5% maneuvering between the market uncertainties.
The charts are generally red. Currently we can only opt for the most battered coin and hope for a speedy market recovery.
Terra is the gainer of the day, having courageously jumped by 15%.
Horizon has become the loser of the day, winning by a small margin. The asset has lost 10% of the price.
Never forget about stop losses and don’t neglect risk management. Each market setback is a unique opportunity to rebalance your portfolio and get the most benefit from it in the future. Don’t be afraid of drawdowns. They are merely a part of the path to ultimate success.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
|BITCOIN (BTCUSD) ₿||$29,404.36||-0.06%|
|ETHEREUM (ETHUSD) Ξ||$1,973.36||0.01%|
|IMM. US (REIT)||$2,463.96||0.79%|
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