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WEEKLY PRICE DIGEST: BTC, BNB, ETH, LTC & BCH

By SimpleLearn | SimpleLearn | 25 Nov 2022


This trading week is quite short. On Thanksgiving Day in America and on Black Friday, the American trading session is shortened. From the events of this week, it’s worth noting the statements of a large digital broker, Genesis, that it could go bankrupt if it fails to attract $1 billion in investments to continue its activities. This news provoked a small update of the minimums for BTC.

 

BTC

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At the beginning of the week, BTC fell below the previous minimum at $15,580. The updated minimum price was $15,484. The price chart didn’t stay at this price point and rose to $16,796, which was more than 8%. At the moment, the coin is in consolidation due to the lack of trading in the American session because of Thanksgiving. Today is Black Friday which means a shortened trading session. This can also trigger price changes.

 

ETH

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ETH this week repeats the moves of BTC. Against the background of the news, the coin fell to the previous lows at the price of $1,077. Then there was a rebound to the price of $1,215, which was more than 12%. The coin is currently trading at $1,179.

 

BNB

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After a long-term decline in the coin’s value to the price of $250, followed by a rebound from the formed support level to the price of $303, the BNB growth was more than 21%. The coin is currently consolidating above the resistance level at $294.8 and trading at $295.2.

 

LTC

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During the week, the coin showed an upward movement against the market, starting from the price mark of $59.46 to the price mark of $83.75. The growth is more than 40%. The tool may be interesting due to the upcoming halving in August 2023.

 

BCH

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After updating the lows at $87.3 and 10 days of consolidation, in the middle of this week, the coin showed an upward movement from the price of $100.4 to $119.8. The growth was more than 18%. The coin is currently consolidating below the resistance level at $119.8 and trading at $115.4.

 

 

P.S. The content of this post should not be construed as investment advice. We ask you to do your own research. This text is not an action guide.

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SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!


SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!

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