As the market trend is bullish again, Bitcoin and Ethereum, the two largest currencies by market capitalization, have rebounded to more than $37,000 and $2,000.

Bitcoin price

In the past 24 hours, Bitcoin (BTC) has been like a ready tiger, and its price has risen to 1.7%. At this moment, its trading price has stabilized at $37,250.

At the same time, its market value also shows its value that cannot be underestimated, reaching $728 billion, and its dominant position in the market occupies half of the country, reaching 51.4%. The 24-hour trading volume of this digital world tiger has also increased significantly, reaching 14.27 billion.

As interest rate hikes approached, the total amount of Bitcoin open contracts has surged by 4% in the past day, reaching a staggering $6.8 billion. The surge in this data seems to herald an upcoming storm. In this storm, Bitcoin's capital rate is currently 0.01%, which represents the dominant position of short position holders on this battlefield.

On the other hand, the trading record of whales holding at least $100,000 worth of bitcoin has fallen by 10.4%. From 3192 on November 19 to 2,860 at the time of writing this article, this number seems to be telling the change in the mood of the market.

Ethereum price

In the world of cryptocurrencies, the second largest Ethereum (ETH) has shown its charm to the world with a 2.7% increase in the past day. At this moment, her trading price has jumped to $2,020, and her market value has also reached $242 billion. At the same time, the 24-hour trading volume is as turbulent as a waterfall, reaching 8.1 billion US dollars.

The total OI of Ethereum fell sharply from $354 billion to $262 billion, and in just 24 hours, the figure has dramatically soared by $80 million. Like a silent battle, the competition between short and long positions is becoming more and more fierce. ETH's financing interest rate stabilized at 0.01%, indicating that short positions have temporarily prevailed. However, behind this battle, who is the real winner is still shrouded in mystery on the battlefield.

Since November 16, the number of whale transactions has continued to decline, and this time, the number of ETH transactions worth at least $100,000 has also decreased sharply. Data shows that there have been only 1,184 such transactions in the past 24 hours. Just after Bitcoin fell below the $35,000 mark and Ethereum returned to the $1,900 mark, the decision to raise interest rates was like a blockbuster, shaking the entire cryptocurrency market.

The Poloniex hacking incident, like a cruel reality after a storm, caused a huge loss of $131 million to the cryptocurrency market. Since then, the wind direction of the market has changed decisively. Those once glorious, like yesterday's dreams, dissipated in the morning fog. Now, we stand at a new starting point and face the unknown future. Only by remaining vigilant can we find our own opportunities in the turbulent times.