Price analysis 12/01: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

• The overall market conditions continue to prevail significant positive sentiment as BTC inches closer to $20K meanwhile ETH reclaims $600
• The total crypto market capitalization has reached $577.36B, resulting in an increase of 3.91% over the day
• The total volume traded of the market over the last 24 hours reached $208.78B, resulting in an increase of 30.40% over the day
• The dominance of the crypto king climbs to 62.35% resulting in an incline of 0.44% over the day 

BTC/USD 

As the crypto market was just about to celebrate Bitcoin reaching $20K, the resistance level of $19850 crashed the investors’ hope and provided negative reversals to the price levels. However, the bulls are still sustaining the $19K mark reflecting that all the retail and institutional investors are putting hands on BTC on every dip. The CMP is now placed at $19463.86 with an overall gain of 5.28%, bringing the market capitalization to $361,113,242,620 and the 24-hour volume traded 447,965,705,804. It has also been noticed that there can be a potential scenario wherein gold investors might be shifting towards BTC as gold prices have a downtrend from the past couple of days. 

ETH/USD 

Ethereum was able to have a positive crossover above the crucial mark of $600.00 and currently looking for sustainability above the region. The CMP is placed at $608.40 with an overall gain of 3.625, bringing the market capitalization to $69,384,934,659 and the 24-hour volume traded of $20,420,247,722. However, the ETH/BTC has turned negative, facing a marginal loss of -0.76% resulting in the current level going down to 0.03141552 BTC.    

XRP/USD 

Ripple’s XRP was able to maintain sustainability above the bullish mark of $0.60 and performed positively for the second consecutive day by having an overall gain of 3.02% over the day. The CMP is placed at $0.650307, with the XRP/BTC pair facing an overall loss of -1.40%, bringing the current level to 0.00003358 BTC. The market capitalization is at $29,540,830,375 and the 24-hour volume traded to $17,119,700,649. The bullish momentum of the coin is heading towards a critical resistance area above $0.70 at the same time. 

LINK/USD 

Chainlink price levels managed to have a positive crossover above the bullish mark of $14.00 and are looking for sustainability above the region. The CMP is now placed at $14.22 with an overall gain of 1.53%, bringing the market capitalization to $5,610,114,768 and the 24-hour volume traded to $1,729,378,947. However, the LINK/BTC pair’s negative performance has an overall loss of -2.92%, bringing the current level down to 0.00073390 BTC might be indicating that the current price levels have entered the critical resistance zone. 

BCH/USD 

Bitcoin cash has also given another positive crossover against the crucial mark of $300.00 on Tuesday’s market session by having an overall gain of 7.77%. The CMP is placed at $310.91 bringing the market capitalization to $5,797,549,979 and the 24-hour volume traded to $3,984,207,646. The BCH/BTC pair is also performing positive with an overall gain of 3.15%, bringing the current level to 0.01609680 BTC. 

LTC/USD

Litecoin price levels are making sequential attempts to retest the significant resistance level of $90.00 and perform positively on Tuesday’s market session. The CMP is placed at $87.99 with a significant overall gain of 11.00%, bringing the market capitalization to $5,784,537,458 and the 24-hour volume traded to $7,634,221,512. The LTC/BTC pair is also performing positive with an overall gain of 5.85%, bringing the current level to 0.00453721 BTC. The regular retesting of the mentioned resistance level might make it weak. The price levels show full potential for a positive breakout by sustaining the crypto asset’s current bullish move. 

BNB/USD 

Binance coin price levels maintained sustainability above the crucial mark of $30.00 and looked to retest the significant resistance level of $33.00 and $35.00, respectively. The CMP is placed at $31.57 with an overall gain of 4.79%, bringing the market capitalization to $4,548,179,001 and the 24-hour volume traded to $412,617,204. However, the BNB/BTC pair has turned negative, facing a marginal loss of -0.34%, bringing the current level to 0.00162563 BTC, indicating a potential upcoming retracement for the price levels of the crypto asset. 

DOT/USD 

Polkadot price levels maintained stability above the crucial mark of $5.00 for the second consecutive day. The CMP is now placed at $5.42 with an overall gain of 4.36%, bringing the market capitalization to $4,750,225,114 with the 24-hour volume traded to $613,062,128. However, the DOT/BTC performs negative with a loss of -1.23%, bringing the current level down to 0.00027723 BTC. The negative trend of the pair might get back retracement for the price levels of DOT. 

ADA/USD 

ADA started to face negative reversals from the price mark of $0.17, emerging as a new resistance point for the crypto asset. The CMP is placed at $0.167069 with an overall loss of -0.475, bringing the market capitalization to $5,193,146,851 with the 24-hour volume traded to $2,077,977,167. The ADA/BTC pair has also turned negative, facing an overall loss of -5.35%, bringing the current level down to 0.00000859 BTC. The price levels have significant support placed at $0.14 on the downside if the current negative momentum is sustained for a long. 

BSV/USD 

Bitcoin SV is making gradual positive momentum in the market while targeting regaining the crucial mark of $200.00 again. The CMP is placed at $180.59 with an overall gain of 3.46%, bringing the market capitalization to $3,355,240,946 and the 24-hour volume traded to $713,463,444. Earlier, the price mark of $180.00 acted as a significant resistance for the BSV, which could have a marginal tendency to provide negative reversals to the price levels. Otherwise, if the current positive move’s significance keeps on increasing, $190.00 will be the level to look out for.