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The bears are in control of today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.4T as of press time, representing a 0.7% increase over the last 24 hours, while the trading volume jumped by 40.21% over the same period to stand at $201.8B as of press time Bitcoin Price Review Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the 50-day, 100-day, and 200-day simple moving averages (SMA) are shown. Bitcoin’s price has fallen below all these SMAs, suggesting a bearish outlook in the short term. On the other hand, we see that the Moving Average Convergence Divergence (MACD) is trending downward and is below the signal line, indicating bearish momentum. Bitcoin traded at $95,026 as of press time, representing a 2.14% decrease over the last 24 hours. Ethereum Price Review Ethereum, $ETH, is also not among the gainers in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that the Ethereum price is moving towards the lower band, indicating a potential oversold condition which might attract buyers. On the other hand, we see that the Awesome Oscillator (AO) is showing decreasing green bars, transitioning to red, which suggests that the bullish momentum is weakening and could turn bearish. Ethereum traded at $3,603 as of press time, representing a 2.86% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Hedera Price Review Hedera, $HBAR, is among the gainers in today’s session as also seen from its price movements today. Looking at an in-depth analysis, we see that the Hedera price is above the Ichimoku cloud, suggesting that the trend is bullish in the near term. On…

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Filed under: News - @ December 2, 2024 4:27 pm