From Nasdaq MarketSite:

Cryptocurrencies saw gains Tuesday night after a weekend of consolidation. Bitcoin was up 1.01% to $42,980, Ethereum up 2.75% to $2,580, and Dogecoin up 0.35% to $0.081. Selling pressure was focused on Binance, OKX, and Upbit by trading volumes. Bitcoin exchange Grayscale transferred 8,730 Bitcoin to Coinbase Prime deposit addresses. The global cryptocurrency market cap is now $1.68 trillion, with a 0.28% increase in the past 24 hours.

The S&P 500 posted a 0.37% decrease and closed at 4,765.98, while the Nasdaq Composite dropped 0.19% to 14,944.35. The 10-year Treasury note yield surged by over 11 basis points to reach 4.064%, following remarks by Federal Reserve Governor Christopher Waller. Investors await the release of December retail sales data. Analysts expect Bitcoin to face rejection at $46K, followed by a correction below $40K.

Ethereum’s price dominance against Bitcoin surged by +22.4% in a week. 89.4K addresses were created per day, with 96.3K wallets created just yesterday, and the supply of Ethereum on exchanges is nearing its historical low of 8.05%. There was no significant anomaly in the Bitcoin order books, and the total market still shows an upward trend.

Cryptocurrencies saw gains Tuesday night after a weekend of consolidation. Bitcoin was up 1.01% to $42,980, Ethereum up 2.75% to $2,580, and Dogecoin up 0.35% to $0.081. Selling pressure was focused on Binance, OKX, and Upbit by trading volumes. Bitcoin exchange Grayscale transferred 8,730 Bitcoin to Coinbase Prime deposit addresses. The global cryptocurrency market cap is now $1.68 trillion, with a 0.28% increase in the past 24 hours.



Read more: Bitcoin, Ethereum, Dogecoin Rise As Investors Weigh Spot ETF Impact: Analyst Says Scenario For King Crypto Is ‘Rejection’ At $46K And Then Correction To Below $40K