empty
29.11.2021 05:39 PM
Bitcoin and Ether Rise Rapidly Amid Easing Concerns Around Omicron

Bitcoin and Ether have managed to recover their positions after a big sell-off last Friday. The weekend turned out to be quite calm, while many expected another major fall in the cryptocurrency market, which did not happen, and it is quite possible that it will not. We have central bank meetings ahead, and investors will again resort to protecting their assets, partially using the world's first cryptocurrency.

Bitcoin's price has risen nearly 6% over the past 24 hours to $57,373, while Ether is up about 7% to $ 4331.

This image is no longer relevant

Most likely, investor interest in risk returned after the news that the new highly mutated variant of the Omicron coronavirus is not as dangerous as previously expected, and has milder symptoms - this is a strong push for the market, including the cryptocurrency market. Against this background, even US index futures strengthened.

The new Omicron variant is potentially weaker in terms of symptoms than indicated in the initial analysis. At the same time, a serious correction in the market persisted for quite a long time, and a number of large investors took advantage of this moment. On Sunday, Dr. Angelica Cootzee, the South African physician who first discovered the omicron variant, described its symptoms as "extremely mild." This slightly eased investors' fears about the possible resumption of restrictions and the introduction of lockdowns during the Christmas and New Year holidays.

However, the new variant of the coronavirus, which was first detected in South Africa, has spread to several European countries, including the UK, Germany, and Italy. As a result, many countries are imposing travel restrictions. For example, the United States has restricted communications with some African countries. The UK has also introduced new measures to tackle the coronavirus, including the mandatory wearing of masks in shops and on public transport.

Pharmaceutical companies and vaccine manufacturers have already announced that they have begun researching Omicron and that trials are already underway. It remains to be seen how the new strain will respond to existing vaccines and whether new formulations will be required. This was stated by the director of Moderna Paul Burton in an interview on Sunday. "The vaccine manufacturer could release a new formula against the Omicron variant early next year," Burton said.

This image is no longer relevant

As for the technical picture of Bitcoin

Despite the fact that BTC managed to bounce off its lows around $54,000 and recover to $57,000, the downward trend seen since November 8 is still in place. It is still too early to talk about the bulls' interception of the market. The key task will be to go beyond the resistance of $59,422 since only after that it will be possible to count on more rapid growth in the area of the highs of $63,800 and $68,880. It will be possible to speak of increased pressure only after the rate returns under the support of $55,930. The breakdown of this level will quickly dump the trading instrument to $53,190 and open a straight path to $50,220.

This image is no longer relevant

As for the technical picture of Ether

Given that this altcoin was in high demand last week (plans were disrupted by a new strain of coronavirus), it is quite possible that the growth will continue. Large support in the area of $3,970 remains to work itself out one hundred percent. Now the bulls need a breakout of the intermediate level of $4,367, which will open a direct path to the highs of $4,549 and $4,768. It will be possible to talk about serious problems for ether buyers only after the break of $3,970, which will push the trading instrument into the area of the lows of $3,682 and $3,405.

And finally. For fun, I advise you to look at the Omicron token chart.

This image is no longer relevant

Its price has risen by more than 900% after the WHO identified the COVID-19 strain of the same name. This token has nothing to do with the coronavirus strain, but someone decided that it was possible to earn money here too. Be careful and take care of your deposits.

Jakub Novak,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2025
ٹائم فریم منتخب کریں
5
منٹ
15
منٹ
30
منٹ
1
گھنٹہ
4
گھنٹے
1
دن
1
ہفتہ
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

بٹ کوائن کو نئی سطح پر جانے میں کیا مدد کر سکتا ہے

جبکہ بٹ کوائن—اور پوری کریپٹو کرنسی مارکیٹ—امریکی اقتصادی اعداد و شمار کا انتظار کر رہی ہے جو فیڈرل ریزرو کے راستے کو تشکیل دے سکتا ہے، گولڈمین

Jakub Novak 20:57 2025-04-30 UTC+2

بٹ کوائن: مئی کرپٹو مارکیٹ کے لیے محور کیوں بن سکتا ہے۔

جب کہ مالیاتی مرکزی دھارے کے بازار کے شرکاء کساد بازاری کے خطرات اور شرح سود پر غور کر رہے ہیں، بٹ کوائن مستقل بنیاد حاصل کر رہا ہے۔ اپریل

Ekaterina Kiseleva 20:30 2025-04-30 UTC+2

اپریل 30 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

بٹ کوائن اور ایتھریم کے خریدار مارکیٹ میں کمی کے اچھے لمحات سے فائدہ اٹھاتے رہتے ہیں اور اسے تیزی سے خریدتے ہیں، جیسا کہ آج ایشیائی تجارت کے دوران

Miroslaw Bawulski 16:50 2025-04-30 UTC+2

بٹ کوائن اور ایتھر بدستور مضبوط ہیں

بٹ کوائن اور ایتھر میں کل کی تیزی سے انٹرا ڈے گراوٹ تیزی سے خریدی گئی، جو تاجروں اور سرمایہ کاروں کی جانب سے جاری دلچسپی کا اشارہ

Jakub Novak 16:39 2025-04-30 UTC+2

سال کے اختتام تک بی ٹی سی ممکنہ طور پر 200000 ڈالر تک چلا جائے گا

جب کہ بٹ کوائن اب بھی $95,000 کی سطح کو توڑنے کے لیے جدوجہد کر رہا ہے — تمام شرائط کے موجود ہونے کے باوجود — سٹینڈرڈ چارٹرڈ کا خیال

Jakub Novak 19:49 2025-04-29 UTC+2

اپریل 29 2025 کو بی ٹی سی / یو ایس ڈی کا تجزیہ

بی ٹی سی / یو ایس ڈی کے 4 گھنٹے کے چارٹ پر لہر کا نمونہ کچھ زیادہ پیچیدہ ہو گیا ہے۔ ہم نے ایک اصلاحی نیچے کی طرف ڈھانچے

Chin Zhao 19:46 2025-04-29 UTC+2

اپریل 28 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

بٹ کوائن پر دباؤ ڈالا جا رہا ہے، لیکن یہ اب بھی کافی اعتماد کے ساتھ برقرار ہے۔ $92,000 کے نشان سے ری باؤنڈ کرنے کے بعد، پہلی کریپٹو کرنسی

Miroslaw Bawulski 18:45 2025-04-28 UTC+2

ایکس آر پی فیوچرز 19 مئی کو شروع ہونے والے ہیں

ہفتے کے آخر میں، بٹ کوائن نے ایک مختصر کمی کا تجربہ کیا لیکن جلد ہی $94,000 کی سطح پر واپس آ گیا۔ ایتھر کو بھی کچھ دباؤ کا سامنا

Jakub Novak 18:38 2025-04-28 UTC+2

اپریل 23 کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی سفارشات

بٹ کوائن نے کامیابی کے ساتھ $90,000 سے اوپر دھکیل دیا ہے، جب کہ ایتھریم نے صرف ایک دن میں 10% سے زیادہ کا اضافہ کیا، جو کہ $1800

Miroslaw Bawulski 15:48 2025-04-23 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.