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The bulls have retaken control today, much to the surprise of the bears.
The total crypto market cap has risen by more than 3% over the last day, to hit $1.61 trillion once again, while Bitcoin made another attempt at $43,000.
Overall, the crypto market is almost completely green, as shown here:

The crypto market's liquidation heatmap looks like a mix of red and greens, but the bulls, for some reason, have suffered more liquidations than the bears, despite the market's general bullishness today.

Overall, the total amount of liquidated funds sits at around $223 million, but the bulls have taken a $125 million beating out of the total, leaving the bears with about $95 million.
Liquidations may have affected the market in strange ways over the last day, but the market is currently bullish.  

Bitcoin Rebounds Off $40,000
Twice now, Bitcoin has rebounded off the $40,000 support (red line below).

is now rallying again today and is even up by about 4%. The cryptocurrency currently trades at around $42,900 and may be close to retesting or even breaking above $45,000.
However, there may be a possibility of the current rally being a bull trap, where bulls are lured in before a final correction.  

Ethereum: Saved By The Bulls
According to the charts, Ethereum lost its standing below $2,150. However, the bulls quickly stepped in and pushed the cryptocurrency, saving it from an almost inevitable slump.

The cryptocurrency is changing hands at around $2,243 at the time of writing and is up by about 2.8% at the time of writing.
This might be Ethereum’s attempt at hitting the $2,400 zone again and possibly breaking through. However, we will never know, until the cryptocurrency rises above 14 December’s $2,332 to form a new higher high.  

SEI Is Up To Something
SEI is quickly becoming one of the best-performing cryptocurrencies on the market. According to Binance's rankings, SEI is the 3rd largest gainer over the last day, and is up by about 39% at the time of writing, while trading at $0.342.

In the charts, SEI has broken through 6 December's $0.3133 high and is currently forming a new one at the time of writing.
If the bulls can keep up this momentum, it would mean that SEI can still move up by about 41% to hit the $0.48 high it started at during its listing on Binance.  

Can IOTX Continue Upwards?
Binance’s rankings show that IOTX is the 4th largest gainer at the time of writing, with a 24-hour price increase of 24%.

IOTX currently trades at around $0.05268, after breaking out around $0.02347 and rebounding off the descending trendline above.
The current rally on IOTX has brought it face to face with the $0.05268 resistance, and the question now is: will a breakout happen at this point?
If a breakout does happen, we might see IOTX rally by a further 24% to $0.06437 or close. If not, we may see a decline straight down to $0.04467.      

VeChain (VET) Is About To Break Through This Resistance
VeChain has been stuck under the $0.0329 resistance since May 2022. However, at the time of writing, VET is up by about 3% over the last day and is on the verge of breaking above this resistance to the upside.

If a break above this zone occurs, VeChain has the potential to rally by another 30% to $0.045  

#BTC #ETH #SEI #IOTX #VET
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