Today is Wednesday, 8th 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 index has managed to climb out of the extreme fear zone. This means that the overall market sentiment is rather positive because Bitcoin is still staying afloat somehow.
Bitcoin is still extremely weak, which means that retail players are almost not interested in buying. Many are waiting for the price to fall even lower. It’s not clear why bulls are taking so much time to push BTC price at least a little bit. A future pump is still on the cards – Bitcoin’s recent crash and index’s record low values indicate that the cryptocurrency is regaining strength. New growth will be possible only if buyers step up, which hasn’t happened yet. Make sure to hedge your positions and wait for Bitcoin’s consolidation.
Almost every single altcoin is in the red – Bitcoin is to blame. If BTC loses the fight for this level, the rest of the market will plummet. A positive change will be possible in case the market is deliberately pushed to the right course. However, manipulators don’t seem to show any interest yet.
Tezos has brought its holders a 30% profit, defying all market rules and becoming the top gainer of the day.
Kadena has become the loser of the day with a loss of about 13%.
Never forget about stop losses and don’t neglect risk management.
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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) ₿||$30,300.21||0.12%|
|ETHEREUM (ETHUSD) Ξ||$2,054.00||0.65%|
|IMM. US (REIT)||$2,463.96||0.79%|
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