• Latest
bitcoin loses $48k on wall street open as trader warns altcoins look ‘rekt’ against btc

Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

December 14, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

coinnewsdaily by coinnewsdaily
December 14, 2021
in Bitcoin, Ethereum
0
bitcoin loses $48k on wall street open as trader warns altcoins look ‘rekt’ against btc
192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin (BTC) fell when Wall Street trade opened on December 13 as markets recovered from their record closing on December 10.

24 Hours
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

At the time of writing, data from Cointelegraph Markets Pro and TradingView showed that Bitcoin/USD had fallen below $48,000 and had reached multi-day lows.

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022

Equities had been tipped to add to all-time highs prior to the start of trading, this getting off to a cold start on the day, with gains slipping.
As a result, Bitcoin contributed to losses that reached more than $3,000 in just 24 hours.

As a result, traders continued to look for sideways or consolidating movements in the near term, avoiding making any outright bullish predictions.

On a new chart forecast, Scott Melker, aka the Wolf of All Streets, expressed his displeasure by saying, “Something like this would drive people insane.”

“This is what I have been preparing myself for since the drop 10 days ago. I would prefer Up Only, so let’s hope that’s what we get.”

Altcoin
BTC/USD annotated chart. Source: Scott Melker/Twitter

Others had predicted that the current period of sluggish price action would end in 2021, but on-chain measures predicted a return to strength for markets in the following year.

According to trader and analyst Rekt Capital, Bitcoin may be experiencing a consolidation period similar to the one it experienced following its meltdown in May 2021 on the day in question.

He pointed out that the 50-week exponential moving average and the 21-week exponential moving average of Bitcoin serve as support and resistance levels, respectively.

Bitcoin preserves 40% market cap dominance

As Bitcoin plummeted, the outlook for altcoins grew gloomier, raising the possibility that the return of “altseason” might have to wait.

Despite the fact that bitcoin market capitalization domination is hanging near six-month lows, it has managed to climb back above 40% following a minor dip on December 9.

Alts look rekt. pic.twitter.com/PGRvvJdQys

— filbfilb (@filbfilb) December 13, 2021

Recent price movements in alternative cryptocurrencies, especially the exchange rate of Ether (ETH) against Bitcoin (BTC), which reversed from three-year highs to challenge fresh support, were further threatened by the latest move.

Altcoins
ETH/BTC 1-hour candle chart (Bitstamp). Source: TradingView
Tags: 24 HoursAltcoinAltcoinsanalystBitcoinBTCBullishEtherEthereumOn-ChainpriceRekt CapitalResistanceScott MelkertraderTrading
Share77Tweet48
Previous Post

DDoS assault increases Solana on-chain development

Next Post

Floki Inu ($FLOKI) Forms Strategic Partnership With Dutch Pro Soccer Club

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum
Alt Coin

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
Load More
Next Post
floki inu ($floki) forms strategic partnership with dutch pro soccer club

Floki Inu ($FLOKI) Forms Strategic Partnership With Dutch Pro Soccer Club

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,436.00-0.39%
  • ethereumEthereum(ETH)$1,665.700.99%
  • tetherTether(USDT)$1.00-0.18%
  • binancecoinBNB(BNB)$331.751.99%
  • rippleXRP(XRP)$0.4121240.20%
  • cardanoCardano(ADA)$0.4049741.14%
  • dogecoinDogecoin(DOGE)$0.0929001.53%
  • matic-networkPolygon(MATIC)$1.254.76%
  • okbOKB(OKB)$41.162.88%
  • solanaSolana(SOL)$24.741.26%
  • polkadotPolkadot(DOT)$7.036.88%
  • shiba-inuShiba Inu(SHIB)$0.0000134.03%
  • litecoinLitecoin(LTC)$100.140.81%
  • tronTRON(TRX)$0.0641330.24%
  • daiDai(DAI)$1.00-0.15%
  • cosmosCosmos Hub(ATOM)$15.004.37%
  • chainlinkChainlink(LINK)$7.292.10%
  • ethereum-classicEthereum Classic(ETC)$23.182.95%
  • leo-tokenLEO Token(LEO)$3.390.43%
  • moneroMonero(XMR)$171.45-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$137.620.27%
  • stellarStellar(XLM)$0.0927890.87%
  • filecoinFilecoin(FIL)$5.683.34%
  • crypto-com-chainCronos(CRO)$0.0816731.58%
  • algorandAlgorand(ALGO)$0.2711035.26%
  • vechainVeChain(VET)$0.0247942.44%
  • internet-computerInternet Computer(ICP)$5.871.23%
  • aaveAave(AAVE)$90.921.83%
  • eosEOS(EOS)$1.102.02%
  • elrond-erd-2MultiversX(EGLD)$45.841.36%
  • theta-tokenTheta Network(THETA)$1.124.26%
  • tezosTezos(XTZ)$1.143.93%
  • huobi-tokenHuobi(HT)$5.73-2.14%
  • paxos-standardPax Dollar(USDP)$0.99-0.86%
  • bitcoin-cash-svBitcoin SV(BSV)$43.451.85%
  • havvenSynthetix Network(SNX)$2.571.88%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.374.94%
  • dashDash(DASH)$62.932.59%
  • iotaIOTA(MIOTA)$0.2373881.87%
  • neoNEO(NEO)$8.930.12%
  • makerMaker(MKR)$698.323.64%
  • zcashZcash(ZEC)$46.961.98%
  • zilliqaZilliqa(ZIL)$0.0293873.27%
  • basic-attention-tokenBasic Attention(BAT)$0.2761692.86%
  • compound-governance-tokenCompound(COMP)$54.382.94%
  • nemNEM(XEM)$0.0406834.84%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$38.173.34%
  • bitcoin-goldBitcoin Gold(BTG)$17.362.52%
  • sushiSushi(SUSHI)$1.561.43%
  • qtumQtum(QTUM)$2.791.95%
  • wavesWaves(WAVES)$2.9212.67%
  • yearn-financeyearn.finance(YFI)$7,913.342.90%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2527992.00%
  • omisegoOMG Network(OMG)$1.588.13%
  • ontologyOntology(ONT)$0.2224883.98%
  • digibyteDigiByte(DGB)$0.0112283.11%
  • umaUMA(UMA)$2.121.62%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%