Bitcoin, Ether & Major Altcoins: Weekly Market Update - December 13, 2021
Get the latest cryptocurrency market analysis for the week of December 13, 2021, covering Bitcoin (BTC), Ether (ETH), and top altcoins. This week\'s update dives deep into price movements, key support and resistance levels, and potential trading strategies.
Key Highlights from Last Week:
The total crypto market capitalization added $18 billion, reaching $2,242 billion for the last seven days. However, blue-chip cryptocurrencies experienced some weakness. In the first week of December, BTC traded downwards, reaching -9.85% (over a 7D performance). While Bitcoin had a strong year with a 79% increase since January 1, it was largely outperformed by many altcoins.
Price Action: As you can see, prices of Bitcoin (BTC) and Ether (ETH) dropped in December, closing the year lower than many expected, with BTC at $46,005 and ETH at $3,649.
Trading Set-Ups & Analysis:
Pro trader Josh Olszewicz at Brave New Coin explores trading options and signals for BTC and ETH, and lays out the trading setups he’s watching for the upcoming week. Start your week off right with Josh’s thoughts on trading strategies on a weekly basis. See more on bravenewcoin.com. Get your weekly tech analysis for Bitcoin (BTC) and Ethereum (ETH) here! We will be looking at last week’s movements and the support, resistance, pivot levels for the week ahead.
Altcoin Performance:
Keep track of top cryptocurrency prices and charts, listed by market capitalization. Get free access to current and historic data for Bitcoin and thousands of altcoins.
Market Overview:
The general price and volume indices slipped -3.77% and -4.43% respectively, while market volatility also decreased by -2.97%. The SEC delays decisions on Bitwise ETFs. The cryptocurrency market today shows mixed trends. Bitcoin (BTC) price reclaimed some ground, but altcoins including gainers like Aave and Chainlink are showing some loss of strength.
Top 10 Crypto Summary:
The top 10 coins were mostly in the red last week, reflecting the broader market sentiment.
Bitcoin Price Chart Analysis:
Analyze the Bitcoin price chart for trends, support levels, and resistance levels.