Bitcoin Price and Ethereum Hold Crucial Support, Huobi Gains 75% In A Week
The Bitcoin price is trading choppy near $19,189 after being rejected below the $19,950 resistance level. While Ethereum's price has dropped by more than 2% to $1,298.
Since About Capital bought out the Huobi platform and appointed Sun as an advisor, the price of Huobi Token has skyrocketed. Therefore, Huobi remains in the spotlight after gaining more than 75% in a week.
During the early Asian session, most of the cryptocurrencies were trading negatively, as the global crypto market cap fell 1.9% on the previous day to $919 billion. The crypto market volume for the last 24 hours was over $64 billion, a decline of 23.4%.
The overall volume in DeFi is currently $3.8 billion, accounting for nearly 6% of the entire 24-hour volume in the crypto market. The volume of all stablecoins is now $59.9 billion, which is 93% of the total volume of the cryptocurrency market in a 24-hour period.
The top performers in the Asian session were Terra (LUNA), TRON (TRX), and UNUS SED LEO (LEO). The Terra (LUNA) price has risen by more than 3% to $2.8, while TRON's price has risen by 3.5% to $0.063. In contrast, LEO's price rose over 3% to $4.45.
The TerraClassicUSD price has remained bearish, falling nearly 10% in the last 24 hours to $0.046. Synthetix's price has dropped more than 6% to trade near $2. The cryptocurrency market's trading sentiment is slightly negative, and digital assets are struggling to rise.
Here are some of the events that stood out in the crypto news section:
According to official data released on Friday, consumer spending was unchanged in September as prices rose rapidly and the Federal Reserve raised interest rates to slow the economy.
The advance estimate from the Commerce Department shows that sales in the retail and
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