Crypto Espresso: Your quick shot of the latest crypto moves and news

Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.

Digital currency was up-and-down midweek in a mainly tepid US market. Bitcoin ended down 0.34% but rose again after market close, Ethereum was off by 0.52%, while Litecoin was higher by 1.08%.

Crypto news: Positive sentiment as bitcoin (BTC) tests $50K

Bitcoin (BTC) passed the $49,000 (£65,173) after trading below $50,000 for most of December. It has been in retreat since the crash on 4 December. Analysis of sentiment among retail investors suggests that while the initial crash was seen as a buying opportunity, this attitude lessened during the weeks crypto markets were in the red.

Shiba Inu (SHIB) jumps 10% as whale buys 4 trillion coins

The price of popular meme token Shiba Inu jumped by more than 10% on Wednesday after several whales, a colloquial term for investors with large holdings, added to their stash. One wallet added more than 4 trillion tokens valued at more than $136m (£94.37m), according to WhaleStats, which tracks over 1,000 Ethereum wallets.

Blockchain games power Avalanche’s (AVAX) rise in value

The widespread use of the Avalanche blockchain to build play-to-earn (P2E) games is the reason for the recent meteoric rise in the value of its associated cryptocurrency. Yesterday, Avalanche burst into the Top 10 most valuable cryptocurrencies.

Polkadot crypto price prediction: More highs ahead for DOT?

With its fifth and final cross-blockchain auction complete, Polkadot is now claiming its five-year, multi-stage launch is complete and that all the auction-winning parachains are currently producing blocks on the network.

TRON (TRX) price prediction: will it make further gains?

Despite bouncing back 5% this week after taking a hit with the news that founder Justin Sun was stepping back from the foundation, the TRON price is still heading down.

As of 22 December, it is sitting at $0.0795 – down 24% in the last month.

QTUM price prediction: will the coin rise following its halving?

QTUM, the native cryptocurrency of the Quantum network, halved on 1 December, reducing the coin’s supply. It is currently trading at around $9.38 as of 22 December, and remains well below its all-time high of $106.88, reached in January 2018.

This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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