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The altcoins listed below have extended their downtrend and fallen below the moving average lines.

The price of Ethereum (ETH) rose sharply on December 3 and exceeded the price target of USD 2,200. ETH price analysis by Coinidol.com.

Bitcoin (BTC) price has continued its uptrend above the 21-day (SMA) and has risen just above the $38,000 high.

PayPal introduces its own stablecoin for transfers and payments.

The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.

A member of the Belgian Parliament, Christophe De Beukelaer, will convert his entire 2022 salary into Bitcoin. He will thus become the first European politician to support cryptocurrency in this way.

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El Salvadorans seem to confirm that Bitcoin is the best solution for remittances between countries. According to President Nayib Bukele, the national Chivo wallet registered over $3 million worth of transactions in Bitcoins, most of which were sent from abroad.

The total market cap of cryptocurrencies is down 13.4% in the last 7 days. It seems to remain bearish this week as well, with no signs of a trend reversal.