{"id":14866,"date":"2021-12-07T07:49:53","date_gmt":"2021-12-07T06:49:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=14866"},"modified":"2021-12-07T08:29:23","modified_gmt":"2021-12-07T07:29:23","slug":"highlights-crypto-market-on-december-7th-2021","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/highlights-crypto-market-on-december-7th-2021\/","title":{"rendered":"Highlights from the crypto market on December 7th, 2021"},"content":{"rendered":"\n
On December 7th, 2021, Bitcoin broke through the $49,500 resistance mark, while ETH had reached a total of $4,350. SOL is currently trading above $190, while many altcoins have gained more than 8% in the last 24 hours<\/h5>\n\n\n\n
\"Highlights
Highlights from the crypto market on December 7th, 2021<\/figcaption><\/figure>\n\n\n\n

December 7th, 2021: Bitcoin Price <\/h2>\n\n\n\n

It took a while for the bitcoin price to break<\/a> through the $49,500 resistance mark. Bitcoin's price has already surpassed $50,000, and it's just going up from here. The price is currently above the $51,100 mark, and the next big barrier is located near the $52,000 level.<\/p>\n\n\n\n

If the price continues to fall, $ 50,000 could serve as a safe haven. At around $ 49,500, the price can fall to $ 48,000 if it breaks below that level.<\/p>\n\n\n\n

Ethereum price in the crypto market: December 7, 2021<\/h2>\n\n\n\n

The Ethereum price is still well priced and could increase<\/a> beyond USD 4,200 and USD 4,250, which act as a barrier. A total of $4,350 has been reached and is currently being tested. The price could rise as high as $ 4,500 if there is a substantial movement above $ 4,350.<\/p>\n\n\n\n

On the downside, the $ 4,250 level serves as the first level of support. Currently, a strong support area is emerging near the $4,150 level.<\/p>\n\n\n\n

December 7, 2021: ADA, BNB, SOL, SHIB, and XRP values in the crypto market<\/h2>\n\n\n\n

An important support level was detected at $ 1.25 for Cardano<\/a> (ADA). A breach of the $1.35 and $1.40 resistance levels was achieved. After a few more days of bullish activity, the price could rise as high as $ 1.50.<\/p>\n\n\n\n

The Binance Coin (BNB) started to recover\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> from the USD 532 support level. It surged by more than 7% to breach the USD 580 level of support. BNB's next target could be USD 600, which could lead to a rise to USD 620.<\/p>\n\n\n\n

This time around, the $ 175 level of support was tested before Solana (SOL) began its new bullish run. Trading above $190, it's running into resistance near $200. The price could rise to $ 220 if it closes over the $ 200 resistance level.<\/p>\n\n\n\n

SHIB<\/a> regains its footing over $ 0.000365 in the short term. The $ 0.000038 level serves as an immediate barrier, above which a return to the $ 0.00040 area is possible. Otherwise, it could fall back down to $ 0.000035, or even worse.<\/p>\n\n\n\n

Recorded and tested the $0.750 level for the XRP price. Recovery from losses has sent the price back above $0.800. In order for the price to break through at $0.850, the next major level of resistance is expected to be $ 0.900.<\/p>\n\n\n\n

Altcoin Market on December 7, 2021<\/h2>\n\n\n\n

Many altcoins, including BTT, BSV, LRC, MATIC, ROSE, AVAX, CRO, BAT, FTM, ZEN, ANKR, and FLOW, have gained more than 8% in the last 24 hours. AVAX is up nearly 12%, while MATIC is up 17% and is currently trading at $ 2.30 in the market.<\/p>\n\n\n\n

In general, the price of Bitcoin has returned to the $ 50,000 barrier. If the price of BTC rises steadily, it may soon reach $ 52,500.<\/p>\n","protected":false},"excerpt":{"rendered":"

On December 7th, 2021, Bitcoin broke through the $49,500 resistance mark, while ETH had reached a total of $4,350. SOL is currently trading above $190, while many altcoins have gained more than 8% in the last 24 hours December 7th, 2021: Bitcoin Price It took a while for the bitcoin price to break through the […]<\/p>\n","protected":false},"author":29,"featured_media":14633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[5571,5443,5371,5392,5562],"class_list":["post-14866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-ada-2","tag-altcoin-2","tag-bitcoin-2","tag-cryptocurrency-2","tag-eth-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=14866"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14633"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=14866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=14866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=14866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}