Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Bitcoin, Ethereum, Dogecoin Spike After Bank Of Japan Pivot: Trader Says This Could Be ‘Massive’ Trigger For Relief Run – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Altszn.com by Altszn.com
December 21, 2022
in Ethereum
0
Bitcoin, Ethereum, Dogecoin Spike After Bank Of Japan Pivot: Trader Says This Could Be ‘Massive’ Trigger For Relief Run – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Major coins were in the green on Wednesday evening as the global cryptocurrency market cap rose 2.7% to $814.4 billion at 7:28 p.m. EST.







Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin BTC/USD 2.5% -5% $16,890.90
Ethereum ETH/USD 4.2% -7.9% $1,217.33
Dogecoin DOGE/USD 3.55% -17.7% $0.07







Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency 24-Hour % Change (+/-) Price
Trust Wallet Token (TWT) +8.4% $1.60
OKB (OKB) +6.2% $22.68
Kava (KAVA) +6% ​​$0.72

See Also: 11 Best Cryptocurrency Brokers In December 2022

Why It Matters: Bitcoin and Ethereum tracked risk assets higher on Wednesday. The S&P 500 and Nasdaq futures were up 0.3% each at the time of writing. 

On Tuesday, The Bank of Japan surprised markets by adjusting its yield curve control policy by expanding the trading on its 10-year yield target (plus or minus) 0.25% to 0.5% — a move that will have potential ramifications across the world.

The dollar index, a measure of the greenback’s strength against a basket of six global currencies, fell 0.7% to 103.97 at the time of writing. 

On the other hand, the Japanese Yen rose to a four-month high against the dollar. The U.S. unit lost 3.9% against the Yen intraday, according to Reuters.

“Bitcoin is rallying as the dollar tumbles following the Bank of Japan yield pivot,” said Edward Moya, a senior market analyst with OANDA.

“Given the reaction across other asset classes, bitcoin’s rally is somewhat unimpressive as crypto traders continue to remain in wait-and-see mode over what will be the next big crypto domino to fall or if we get any clearer guidance over the regulatory front,” said the analyst, in a note seen by Benzinga.

Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX, will be extradited to the United States on Wednesday, an official of the Bahamas Department of Correctional Services has confirmed.

Michaël van de Poppe said that markets have been in bear territory for 19 months already. The trader pointed out that altcoins have been crashing since May 2021 despite the Solana (SOL) and Polygon (MATIC) cycle.

“The first HF [high low] confirmed on HTF [higher-time frame] will be a massive trigger for a relief run,” said Van de Poppe on Twitter.

On Ethereum, he said the $1,190 would be a “good level” for longs as traders would get a higher low after a higher high. 

Trader Justin Bennett said it might be “time to squeeze” some Bitcoin shorts on Wednesday. 

Santiment said coins in Barry Silbert-owned Digital Currency Group (DCG) have fallen hard in recent days. The market intelligence platform gave the example of Ethereum Classic (ETC), Flow (FLOW), and Polkadot (DOT) as examples of such digital assets.

The platform cited analyst Will Clemente who asked recently if the aggressive selling of certain coins has left speculators wondering if the selling is “derived” from DCG itself. 

Coins in #DigitalCurrencyGroup, owned by #BarrySilbert, have plummeted hard in recent days. $ETC, $FLOW, $MASK, $FIL, $OCEAN, $YGG, $RSR , $DOT, $LPT, $MANA, $BAT, & $NEAR are all part of this group. Read our quick take! https://t.co/tUlvwSNl5I pic.twitter.com/ZYg9BT8OMP


— Santiment (@santimentfeed) December 20, 2022

Read Next: $1.7M Worth Of Bitcoin Awakens From Dormant Wallets Linked To QuadrigaCX





Read More: news.google.com

Tags: bankBitcoinBTCUSDDogecoinDOGEUSDETHEthereumETHUSDJapanMassivepivotReliefRunSpikeTraderTrigger
ADVERTISEMENT

Recent

Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

May 30, 2025
Xend Finance, Risevest Launch Tokenization Platform in Africa

Xend Finance, Risevest Launch Tokenization Platform in Africa

May 30, 2025
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

May 30, 2025

Categories

  • Bitcoin (4,542)
  • Blockchain (10,826)
  • Crypto (8,770)
  • Dark Web (447)
  • DeFi (8,125)
  • Ethereum (4,573)
  • Metaverse (6,847)
  • Monero (251)
  • NFT (1,117)
  • Solana (4,921)
  • Web3 (19,898)
  • Zcash (467)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

    Sui vote on $162M Cetus funds ignites decentralization debate in DeFi

    May 30, 2025
    Xend Finance, Risevest Launch Tokenization Platform in Africa

    Xend Finance, Risevest Launch Tokenization Platform in Africa

    May 30, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,678.00
    • ethereumEthereum (ETH) $ 2,510.24
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.11
    • bnbBNB (BNB) $ 649.84
    • solanaSolana (SOL) $ 153.77
    • usd-coinUSDC (USDC) $ 0.999784
    • dogecoinDogecoin (DOGE) $ 0.188699
    • tronTRON (TRX) $ 0.266541
    • cardanoCardano (ADA) $ 0.661668
    • staked-etherLido Staked Ether (STETH) $ 2,509.78
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,575.00
    • wrapped-stethWrapped stETH (WSTETH) $ 3,017.57
    • hyperliquidHyperliquid (HYPE) $ 31.24
    • suiSui (SUI) $ 3.10
    • chainlinkChainlink (LINK) $ 13.52
    • avalanche-2Avalanche (AVAX) $ 19.96
    • stellarStellar (XLM) $ 0.260966
    • leo-tokenLEO Token (LEO) $ 8.74
    • bitcoin-cashBitcoin Cash (BCH) $ 395.17
    • the-open-networkToncoin (TON) $ 3.03
    • shiba-inuShiba Inu (SHIB) $ 0.000012
    • usdsUSDS (USDS) $ 0.999800
    • hedera-hashgraphHedera (HBAR) $ 0.163233
    • wethWETH (WETH) $ 2,516.34
    • wrapped-eethWrapped eETH (WEETH) $ 2,681.34
    • litecoinLitecoin (LTC) $ 83.95
    • polkadotPolkadot (DOT) $ 3.95
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998454
    • moneroMonero (XMR) $ 316.05
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.54
    • pepePepe (PEPE) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 31.19
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,711.00
    • pi-networkPi Network (PI) $ 0.609910
    • daiDai (DAI) $ 0.999835
    • aaveAave (AAVE) $ 249.14
    • uniswapUniswap (UNI) $ 5.97
    • bittensorBittensor (TAO) $ 386.69
    • crypto-com-chainCronos (CRO) $ 0.104662
    • okbOKB (OKB) $ 50.21
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 185.36
    • aptosAptos (APT) $ 4.61
    • nearNEAR Protocol (NEAR) $ 2.36
    • tokenize-xchangeTokenize Xchange (TKX) $ 34.00
    • internet-computerInternet Computer (ICP) $ 4.75
    • ethereum-classicEthereum Classic (ETC) $ 16.58
    • bitcoinBitcoin (BTC) $ 103,678.00
    • ethereumEthereum (ETH) $ 2,510.24
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.11
    • bnbBNB (BNB) $ 649.84
    • solanaSolana (SOL) $ 153.77
    • usd-coinUSDC (USDC) $ 0.999784
    • dogecoinDogecoin (DOGE) $ 0.188699
    • tronTRON (TRX) $ 0.266541
    • cardanoCardano (ADA) $ 0.661668
    • staked-etherLido Staked Ether (STETH) $ 2,509.78
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,575.00
    • wrapped-stethWrapped stETH (WSTETH) $ 3,017.57
    • hyperliquidHyperliquid (HYPE) $ 31.24
    • suiSui (SUI) $ 3.10
    • chainlinkChainlink (LINK) $ 13.52
    • avalanche-2Avalanche (AVAX) $ 19.96
    • stellarStellar (XLM) $ 0.260966
    • leo-tokenLEO Token (LEO) $ 8.74
    • bitcoin-cashBitcoin Cash (BCH) $ 395.17
    • the-open-networkToncoin (TON) $ 3.03
    • shiba-inuShiba Inu (SHIB) $ 0.000012
    • usdsUSDS (USDS) $ 0.999800
    • hedera-hashgraphHedera (HBAR) $ 0.163233
    • wethWETH (WETH) $ 2,516.34
    • wrapped-eethWrapped eETH (WEETH) $ 2,681.34
    • litecoinLitecoin (LTC) $ 83.95
    • polkadotPolkadot (DOT) $ 3.95
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998454
    • moneroMonero (XMR) $ 316.05
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.54
    • pepePepe (PEPE) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 31.19
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,711.00
    • pi-networkPi Network (PI) $ 0.609910
    • daiDai (DAI) $ 0.999835
    • aaveAave (AAVE) $ 249.14
    • uniswapUniswap (UNI) $ 5.97
    • bittensorBittensor (TAO) $ 386.69
    • crypto-com-chainCronos (CRO) $ 0.104662
    • okbOKB (OKB) $ 50.21
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 185.36
    • aptosAptos (APT) $ 4.61
    • nearNEAR Protocol (NEAR) $ 2.36
    • tokenize-xchangeTokenize Xchange (TKX) $ 34.00
    • internet-computerInternet Computer (ICP) $ 4.75
    • ethereum-classicEthereum Classic (ETC) $ 16.58