Bitcoin, Ethereum and Dogecoin end the week unchanged By Benzinga Spain

Bitcoin, Ethereum and Dogecoin end the week unchanged

The global market capitalization of cryptocurrencies had risen 1.11% to $ 2.31 trillion and BTC) hovered around the psychologically important mark of $ 50,000, while most of the major currencies were trading unchanged.

What Happened The apex cryptocurrency, BTC, rose 0.82% to $ 49,941.62 over the course of 24 hours. During the week, it has advanced 2.46%.

(CRYPTO: ETH) increased 0.8% to $ 4,113.50 in 24 hours. The second largest coin by market cap has been stable in terms of weekly earnings. It was trading 0.08% lower after a seven-day monitoring period.

(CRYPTO: DOGE) rose 0.73% to $ 0.17 in 24 hours. The cryptocurrency meme has increased in value by 1.92% during the week.

DOGE’s rival cryptocurrency,, rallied 6.04% to $ 0.00003647 at $ 24. During the week, it has registered gains of 5.06%.

The top three coins, in terms of 24-hour earnings, according to CoinMarketCap data, were Oasis Network, Kadena, and The Sandbox.

Oasis Network is up 15.19% to $ 0.3077, Kadena is up 8.54% to $ 10.98 and The Sandbox is up 7.23% to $ 5.59.

Why It Matters Concerns about the omicron variant of the Covid-19 virus continue.

UK Prime Minister Boris Johnson warned of an “omicron tidal wave” Sunday night in a televised statement. Johnson noted: “I’m afraid it is now clear that just two doses of the vaccine are not enough to provide the level of protection we all need,” as Reuters reported.

Even so, cryptocurrency analysts talk that Bitcoin could have reached its lowest level. On Sunday, Michaël van de Poppe, an Amsterdam-based trader, tweeted “we have bottomed out” based on “multiple indicators”.

Cryptocurrency analyst Willy Woo referenced a metric called PDL Oscillator, which tracks speculators’ demand on derivatives exchanges, to talk about a BTC minimum.

“My PDL Oscillator, which analyzes the demand from speculators on derivatives exchanges, has bottomed out and found strength, also forming a hidden bullish divergence. This suggests that the lowest level has been reached, ”Woo wrote in an emailed note Sunday.

PDL Oscillator de Bitcoin – Cortesía de “The Bitcoin Forecast” de Willy Woo

Referring to the long-term activity of BTC owners, Woo stated: “Bear markets coincide when these owners ditch their coins, despite the fears that exist in the market, and we are structurally unprepared for a market. bass player”.

BTC Headline Buy / Sell Heat Map – Courtesy of Willy Woo’s “The Bitcoin Forecast”

Meanwhile, journalist Colin Wu pointed out that due to the falling price of Ethereum and slow activity on the chain, the daily earnings of ETH miners have fallen to a monthly low.

Ethereum’s “Arrow Glacier” update went live last week, postponing the implementation of the “difficulty bomb” until June 2022.

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Bitcoin, Ethereum and Dogecoin end the week unchanged By Benzinga Spain

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