On the morning of January 5, 2023, the price of Bitcoin remains almost unchanged, moving in a narrow range from $ 16,750 to $ 16,950, and quotes early in the morning. $16,825, down 0.3% from yesterday. In turn, Ethereum is very stable and It stays around $1,250almost unchanged compared to the previous day.
Despite the decline in major cryptocurrencies on January 5, The global cryptocurrency market remained stable as a whole, it is enough $820.08 billion.
Over the past 24 hours, the total volume of the cryptocurrency market has increased by 30.28% to $35.35 billion in auctions. DeFi’s total cap is currently $2.19B, which is 6% of the total market cap, while the total cap of all stablecoins is now $32.90B, which is 93% of the total .
Federal Reserve PV keeps cryptocurrencies low
The minutes of the Federal Reserve’s December meeting, released on Wednesday, show that policymakers remain committed to fighting inflation and expect higher interest rates to remain in place until more progress is made.
Policymakers raised key interest rates by another half a percentage point at the meeting, stressing the need to keep a tight stance as long as inflation remains unacceptably low. That’s why it’s such an unpleasant decision in favor of the recovery of the cryptocurrency market.
Note the evolution of nonfarm employment in the United States
Later today, Automatic Data Processing, Inc. will release its monthly economic report. It is usually released and provides two days before the NFP report The evolution of private nonfarm employment in the United Statesexcluding the public sector.
In November 2022, private companies were established in the United States 127,000 jobs, the lowest since January 2021 and 200,000, well below market expectations. At the same time, annual compensation increased by 7.6%.
“Fed tightening is reportedly having an impact on job creation and wage growth. Additionally, companies are no longer in a state of hyperreplacement. Fewer people are out of a job and the post-pandemic recovery is stabilizing,” ADP chief economist Nela Richardson said.
Fairly favorable non-farm payrolls data usually leads to a bearish trend in cryptocurrencies and vice versa.
Current Bitcoin price $16,825 and the trading volume in the last 24 hours was 14 billion dollars. Bitcoin failed to break the double resistance level of $16,930 and is close to the bottom may lead to a downward correction Up to the $16,775 support zone. In 4 hours, a ascending channel Keeps BTC up.
On the downside, a break below the $16,775 level is possible today It exposes BTC at $16,450. Pay attention to the price of $16,775, as BTC above this level may show a buying trend and be attractive for short-term profits.
The price of Ethereum
Current price of Ethereum 1250 dollars, the 24-hour trading volume is $5 billion. The ETH/USD pair struggled to cross $1,260 and the candle closed below that level weak upward trend.
As a result, ETH may fall to $1,245 to complete the 38.2% Fibonacci retracement, with the next possible support at $1,230, which indicates a 61.8% Fibonacci retracement.
On the upside, ETH’s immediate resistance is at $1,270 and is rising above that level. It could push ETH towards $1,295.
Other high yield cryptocurrencies
The global cryptocurrency market is uncertain, but several new cryptocurrencies are making headlines. Let’s explore the opportunity to take advantage of it!
Fight Out (FGHT)
It works in the same way as the Fight Out Platform (FGHT). personal sports trainer, except that the FGHT badge is an award for training periods. All activities are recorded and can be used to improve the stats of his metaverse avatar. opportunity Earn FGHT tokens adding an extra incentive for people to stay healthy and exercise while taking advantage of blockchain technology.
Despite the general lack of liquidity in the cryptocurrency market, Fight Out was successful and attracted investors. Thanks to the token sale that started last week, it already is It has collected more than 2.6 million dollars. Current sale price 60.06 FGHT for 1 dollar (FGHT can be purchased with ETH or USDT), but this will increase as the sale progresses.
Dash 2 Trade (D2T)
Dash 2 Trade is another Ethereum based platform launch early next year, will provide real-time analytics and social commerce data. Trading signals, chain analytics, strategy building tools, and news feeds will be among its initial features, helping new and experienced traders track the volatile cryptocurrency market.
The The D2T token sale raised over $13.4 million and is expected to close tomorrow, providing early investors with a window of opportunity that will close quickly. On January 11, the altcoin will be listed on the first exchangeWith LBANK Exchange, Changelly Pro and Bitmart have been confirmed as initial trading platforms to support it.
To accommodate those who may have missed the initial investment window, the Dash 2 Trading team decided to hold an event. 5th stage (or “excess funding round”) prior to the sale An additional 36,000,000 tokens will be sold at a price of $0.0556.. raising an additional $2,001,600.
D2T is overfunded at $0.0533, 4% higher than its previous price. The current funding total for the project is $15,421,600.
C+Charge (CCHG) a Binance Chain-based peer-to-peer payment system for electric vehicle charging stations (VE). Due to launch in the second quarter of next year, it aims to increase access to carbon credits by rewarding consumers who charge their electric vehicles at their terminals.
The platform has already signed a deal with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network, showing how fast it can grow. 1 CCHG is currently trading at $0.013 and can be purchased with BNB or USDT. The pre-sale has already raised over $71,000.