Bitcoin Price and Ethereum Back above $17,000 and $1,300 - Time to Buy?
On December 5, Bitcoin, the leading cryptocurrency, finally broke above the major resistance level of $17,000, and it is now heading north to $17,600. Similarly, Ethereum, the second-most valuable cryptocurrency, has broken through the $1,300 barrier and is on its way to $1,350.
Major cryptocurrencies traded mixed early on December 5, as the global crypto market capitalization increased 1.58 % in the previous day to $865.67 billion. Over the last 24 hours, overall crypto market volume grew 5.91% to $32.24 billion.
The overall volume in DeFi was $2.42 billion, accounting for 7.49% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $29.19 billion, accounting for 90.52% of the total 24-hour volume of the crypto market.
Let's take a look at the top 24-hour altcoin gainers and losers.
Three of the top 100 coins that have gained value in the last 24 hours are Cronos (CRO), Celo (CELO), and Litecoin (LTC). The price of CRO has increased nearly 12% to $0.071; the price of CELO has increased by more than 11% to $0.6955, and the price of LTC is up by nearly 7.5%.
Monero (XMR), Neutrino USD (USDN), and TRON (TRX) are three of the top 100 coins that have lost value in the last 24 hours. Whereas XMR has lost about 1.30% to trade at $144.50, USDN is down nearly 1% to trade at $0.8890. At the same time, the TRX price is down over 0.50% to trade at $0.0535.
Bybit, a centralized cryptocurrency exchange, has become the latest to lay off employees as the crypto winter continues. The company had already laid off workers in June of this year. Bybit, a company with headquarters in Singapore, has announced layoffs.
In addition, it's all a part of the company's continuing effort to restructure. It's the latest
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