CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,958.00
  • ethereum
    ETH$1,653.56
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Bitcoin Consolidates Before Next Move: Augur Leading DeFi With 20% Surge (Market Watch)

    Bitcoin Consolidates Before Next Move: Augur Leading DeFi With 20% Surge (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Dec 19, 2020 @ 10:50

    Bitcoin price is trading safely, mostly around $23K, preparing for its next big move. August (REP), the prediction platform, is up 20% after recording 60% gains earlier today

    Bitcoin’s highly-volatile days continued with wild moves of almost $1,000 that took it from $23,300 to $22,400 and vice versa. Most large-cap altcoins have remained relatively calm, with Ethereum trading mostly around $650. Binance Coin, though, has increased by 5% and finally trading above $30.

    Bitcoin’s Price Sideways Action

    As reported recently, bitcoin initiated a massive bull-run following consolidation around $19,000 for a few days that resulted in breaking into uncharted territory above $20,000.

    The primary cryptocurrency doubled-down on its bullish week and continued towards a new all-time high of nearly $24,000 on Thursday.

    The high fluctuations continued in the past 24 hours as well. BTC traded around $23,300 before the bears took control and drove it down to an intraday low of beneath $22,400.

    However, bitcoin refused to stay there and recovered all losses in the following hours. Nevertheless, the asset has slumped slightly since then and currently trades below $23,000.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!

    From a technical perspective, BTC’s next resistance lines are situated at round psychological levels – $23,000, $24,000, and $25,000. In contrast, the support lines at $22,250, $21,400, and $20,700 could assist in case of a price breakdown.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    BNB Breaks Above $30: Augur Soars 20%

    The alternative coins followed bitcoin’s impressive run during the week and some marked yearly records. Ethereum charted $675, and despite retracing slightly, trading safely above $650.

    Ripple has dipped below $0.60 after a 3% decrease in the past 24 hours. Bitcoin Cash, Chainlink, and Cardano have remained essentially stagnant since yesterday. Litecoin pumped to a YTD record of $112 before losing some steam to $107.

    Binance Coin has gained the most from the top ten with a 5% surge. As a result, BNB has jumped to $32.

    The first ERC-20 prediction platform is up 20% over the past 24 hours, followed by a huge amount of volume – $200 million according to CoinMarketCap. Earlier today, Augur reached over $26, which represented a surge of over 60%.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

    NEM is the most impressive gainer on a 24-hour scale. XEM has added another 13% of value and trades above $0.30. The asset has increased by more than 30% in a week.

    UNI and THETA have also surged by a double-digit percentage (around 10%) to $4.10 and $0.92, respectively. Lisk (9%), SwissBorg (8%), Nexo (8%), Aave (8%), and Terra (8%) follow.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$22,958.00
  • ethereum
    ETH$1,653.56
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    What is Optimism (OP): Guide to One of Ethereum’s Layer-Two Scaling Solutions

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    Why ZK-Rollups Are the Future of Ethereum Scaling: Interview with StarkWare PM Gal Ron

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top