Weekly price analysis: Annual sales press the prices down

• The cryptom market spent most of the last week to act consistently lower.
• annual profit from is a main reason for price returns, since the institutions close their positions for the year, although the restrictive attitude of the Fed also played a role at the monetary session on December 18th.
• The open interest in important cryptos recorded weekly declines.

Bitcoin

The Bitcoin Prize fell from the weekly high of $ 108,372 on December 17 to a low of $ 92,555 before closing around $ 97,700. But despite the decline of 9.7 %, the character of the Bitcoin price has not changed down.

Open Interest data show a decline in the open contracts on the CME, which correlates with price returns.

The Fed's monetary policy decision of December 18 approved an interest rate reduction by 25 basis points. However, the chairman of the Fed, Jerome Powell, expressed restrictive views regarding the cut -off plans next year, which tightened the sales.

In the meantime, the inflow data of Bitcoin-Spot-ETFs on December 19 and 20 will show drainage of $ 948.90 million. The net inflows from December 16 to 20 amounted to $ 447.00 million

Bitcoin is traded at $ 95,700 at the time of publication.

ethereum

In contrast to Bitcoin, which retained his bullish structure, the price of Ethereum in the H4 time frame changed its character and tended downwards after he had tested the restaurant high at $ 4.096.50.

Ethereum fell from a weekly high of $ 4,108.82 to a weekly low of $ 3,098.40, before it was finally

.

The tributaries of Ethereum-Spot-ETFs show a similar pattern as that of Bitcoin, with drains on the last two days of the week.

Meanwhile, the Open Interest from Ethereum shows a severe decline that is related to the price.

Ethereum is traded at $ 3,330.78 at the time of publication.

Solana

The price movement of Solana continued the decline, which started two weeks ago after he had not succeeded in breaking the all-time high of $ 260.02.

Last week the price in an internal offer zone moved by $ 227.71, continued to sell to a weekly low of $ 175.12 and finally closed $ 194.44 (a decrease of 15.07 %).

The demand zone by $ 160 (last week mentioned) remains the first logical support zone, since the open interest continues to drop.

Solana is traded at $ 184.82 at the time of publication.

wave

Since the breakdown of earlier all-time highs two weeks ago, Ripple's price movement largely fluctuated between $ 1.89 and $ 2.90. However, the price recorded lower low stalls within this range.

The price of ripple moved in an internal offer zone and broke it on December 17, but sank to a weekly low of $ 1.95 before finally $ 2.27 (a decrease of 16.42 %).

The open interest data from Ripple show a decline in open contracts since December 3.

ripple is traded at $ 2.21 at the time of publication.