Bitcoin ended the week at $42,991, recovering from last week’s sharp correction but facing strong resistance above $44,000.
The last two days of the week showed a bearish signal with its daily candle closing in the red and it is now down to around $43,000, losing 2% of its value in the last 24 hours.
Markets mixed as Bitcoin falls over weekend
On the upside, Quant (QNT), Mina (MINA), Axie Infinity (AXS), Oasis Network (ROSE), Celestia (TIA), Theta Network (THETA), THORChain (RUNE) were among the projects that performed well during the day, increasing by more than 10%.
Other altcoins such as Uniswap (UNI), Flow (FLOW), MultiversX (EGLD), Astar (ASTR), BitTorrent (BTT), Arweave (AR), The Sandbox (SAND), Decentraland (MANA), Osmosis (OSMO) , Lido DAO (LDO), Optimism (OP)… increased by 3-7%.
On the downside, Helium (HNT) has been the worst performer in the short term, losing over 12% of its value in the past 24 hours.
Other coins in the top 100 include Pepe (PEPE), Kaspa (KAS), Stacks (STX), Injective (INJ), Immutable (IMX), Render (RNDR), Monero (XMR), WOO Network (WOO), FTX Token (FTT), Bonk (BONK), Blur (BLUR), Hedera (HBAR), PancakeSwap (CAKE), Sui (SUI), Cardano (ADA), IOTA (IOTA)... all fell 3-6% .
Similar to Bitcoin, Ethereum (ETH) also enjoyed a recovery this week, finishing in the green. However, the market's second-largest asset by market value also had a dismal weekend.
Ethereum (ETH) bulls failed to push the price above $2,350 on December 22. Since then, the price has had 2 red daily candles in a row and the price is currently around $2,270, down nearly 2% in the past 24 hours.
(Personal opinion and does not constitute advice)
In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are just one person, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry.
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