Analytics / Forex and Crypto News
Today, Bitcoin is trading above $8,300 and could break the 8,500 mark in the next few hours.
At the same time, the largest altcoin Ethereum is still weak. The cryptocurrency failed to overcome the $145 mark on January 8th.
After testing the level of $145, Ethereum went on to decline. At the time of publication, the coin dropped to $142.81. The market capitalization of Ethereum decreased to $17.579 billion.
It’s unlikely that Ethereum will be able to break the resistance at the level of $145 over the next 24 hours, analysts say. As long as the coin is kept below the current value set in early December last year, the “bearish” moods will be decisive.
The position of the altcoin has not improved even after it became known about the increase in the throughput capabilities of the Ethereum blockchain due to the activation of several forks.
Ethereum holders still seek to get rid of it, which is why a large number of tokens are displayed on exchanges. This creates the risks of a new phase in the fall in the value of ETH.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov