Bitcoin seems to have reached a key point, where it will be determined if the crypto winter continues or if, on the contrary, the prices of cryptocurrencies will explode.
Bitcoin (BTC) continues with a downward trend that puts its price on the verge of $19,000 , while the rest of the cryptocurrencies in the market registered negative results in most cases .
According to information from CoinMarketCap , the price of BTC fell by 0.8% during the last day to leave its price at $19,000 . For its part, Ethereum (ETH) had a more positive trend with a rise of 0.3% in the last 24 hours that leaves its price just below $1,290 .
On a weekly level, BTC is still in the red with a drop of 4.6% while ETH is also with negative results that put it 2.9% below its price last week .
This variation causes different experts and analysts to wonder if it is a sign that the market has bottomed, or even a decoupling of the equity markets .
All this occurs in the midst of great news for the crypto landscape, as Google announced that it will start allowing the search for some wallets on the Ethereum chain through its search engine.
GOOGLE'S NEW CRYPTO TOOL
As explained by the technology company, Google's new search feature allows you to track the Ether balances of some Ethereum wallet addresses, saving you the need to make the trip to Etherscan .
The new tool is also in a primitive initial phase , since it only allows to find data on punctual wallets in the Ethereum network while other networks were excluded. This generated a bit of controversy, as a crypto like Bitcoin was left out in the process .
The announcement comes hand in hand with the association between Alphabet (Google's mother company) and Coinbase for the payment with cryptocurrencies of the cloud services offered by the technology giant.
HOW ARE THE REST OF THE CRYPTOCURRENCIES
Finally, the ten cryptocurrencies with the highest market volume open the day with new falls that put their prices between 1% and 2% down according to data from CoinMarketCap .
The worst case is Cardano (ADA) , which posted a 2% drop in the last 24 hours to leave its price at $0.39 . As for the rest of the quotes, the prices varied as follows:
- Solana (SOL) : $31 (1.6% down)
- Binance Coin (BNB) : $270 (0.9% down)
- Dogecoin (DOGE) : $0.06 (1.1% down)
- Ripple (XRP) : $0.48 (0.7% down)
On a weekly basis, almost all major cryptocurrencies are in the red: ADA down 8%, DOGE down 6%, SOL down 6% and BNB down 7% . On the other hand, XRP is up 1% and is the only major to rise on a weekly basis .
Lastly, the Bitcoin Fear or Greed index was marked at 20 points , which represents a situation of extreme fear and predicts a bearish market for the near future .
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