Friday, December 1, 2023

Market Wrap: Bitcoin Stalls at $23K but Remains Above Cost for Purchase Price.

Bitcoin has provided returns to recent gains. This is also the largest cryptocurrency when it comes to market capitalization. It declined by around 2.9% to reach $22,850. The decline on Thursday was then followed by an increase of around 11%. This was an increase over the prior seven days of trading.

The price of bitcoin continues to remain close to the exponential moving average of fifty days. However, it has not yet managed to surpass the level.

The Price Of Bitcoin, Ether, and Other Tokens

The price of Ether, in contrast to that of bitcoin, managed to remain above the EMA of fifty days. However, it was still below the average purchase price for ETH investors. It has been seen that Ether has gone down by around 0.9% within just the past twenty-four hours.

In equity markets that are traditional, both the Nasdaq as well as the S&P 500 were up by around 0.8% and 0.4% respectively. WTI, also known as West Texas Intermediate, saw its crude oil decrease by around 3%. At the same time, the price of gold has managed to advance by around 1.1%.

What has been seen about altcoins, also known as alternative coins, happens to be mixed. AVAX from Avalanche has gone up by around 1.5%. At the same time, DOT from Polkadot witnessed a decrease. This token was seen to have gone down by around 3.7%. This wraps up the market watch for bitcoin, as well as other cryptocurrencies.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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