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Although the cryptocurrency market lies dead on the streets, bears' blood appetite is not satiated. The most important cryptocurrencies continue to bleed, with losses exceeding 10% announcing the arrival of another bear market cycle like Bitcoin [BTC] keep falling.
The cryptocurrency peak has seen its lowest value in the year this week, as it fell below $ 4000 to see a minimum of $ 3400, marking the recent fund of the currency. Last week began with the low value of $ 4000, remaining constant for a day before seeing a maximum weekly hike of $ 4295.
So, on December 3rd, it was time to see a knife fall down near the resistance level of $ 4000. The currency remained around the same level before seeing another fall below the $ 4000 level on the same day . On December 4th, he saw a minimum of $ 3900 and resumed trading around $ 4000 on the same day.
The currency then saw a fall below $ 4000, followed by a steady decline of $ 3900 over the next 2 days. Although he saw an excursion at $ 3850, the currency lost momentum and started a decline again on the same day. While it remained at $ 3675 for the next day, a knife fell back to $ 3430, marking a new fund for the coin this year. It is currently trading at $ 3,403 with a market capitalization of $ 59 billion.
The second largest currency, XRP, has tried to remain stable and has withstood much of the market downturn during the week, as seen in the chart. He started the week with a trading price of $ 0.36 and noted an increase of over $ 0.37. In the two following days, the currency recorded a steady decline culminating in a decline to $ 0.35.
The currency returned to half the $ 0.35 before constantly falling back over the two days following $ 0.32. Then he saw a knife fall along with the rest of the market up to $ 0.3 cent on 7 December. The currency attempted a resistance recovery of $ 0.31 and failed, trading at around $ 0.30 at the moment, with a market capitalization of $ 12.05 billion.
Ethereum [ETH] started the week at $ 113, rose to nearly $ 120 before declining in the next two days to see a decline again to $ 113. A strong downward move on December 3 brought it close to the $ 100 mark. it remained above the resistance from $ 100 until December 6, where it went from 3 digits to 2. It broke the resistance of $ 100 and moved down, remaining close to $ 95, before declining back to $ 85. Currently has a market capitalization of $ 8.8 billion, occupying position no. 3 on CoinMarketCap.
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