Market Updates

Bitcoin and the broader crypto market are down today, but investors remain hopeful for a year-end rally. The Fear & Greed Index shows fear, but sentiment has improved.

After weeks of declines, the crypto market rebounds with nearly all top 10 coins posting double-digit gains. Bitcoin rises 10% this week to $92,500, Ethereum gains 12% to $3,082, and XRP leads with a 17% weekly increase.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.

Bitcoin reclaimed the $90,000 level on Thanksgiving, a historically bullish move for the holiday. The broader crypto market followed suit, with Ethereum and other major altcoins posting significant gains, while analysts note the unusual nature of the pre-holiday rally.

Bitcoin surged over 3% yesterday, its best day in six weeks, climbing past $91,000 and suggesting the recent downturn may have ended. Altcoins followed the rally, with Kaspa, known as ‘Bitcoin 2.0’, leading the top 100 with a 17% surge.

The crypto market is up three percent, driven by positive sentiment ahead of Thanksgiving and expectations of a Fed rate cut in December. Tech stocks and ETF inflows also support the rise.

The crypto market shows slight gains with a total cap above $3 trillion, but Bitcoin remains volatile and down 30% from its October peak. Analysts are split on whether the recent dip was the bottom or if further declines are likely.

Bitcoin’s price showed resilience after a minor dip, with buyers defending the $86,000 level. The market is now focused on the upcoming US PCE inflation data for further direction.

After weeks of declines, the crypto market shows signs of recovery with modest gains, though bitcoin struggles while ethereum and XRP lead the upside. Positive US economic data supports the market sentiment.