Crypto Markets Today: Bitcoin Leads Rebound, Altcoins Rally During Longer-Term Downturn
Bitcoin’s rebound is driven by liquidations and short covering, while spot Bitcoin ETFs recorded $3.5 billion in net redemptions despite high $40 billion trading volume last week.
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8 Articles
Santoli's Tuesday market wrap-up: Stocks continue to make progress in repairing the minor rupture of the past few weeks
Volatility is down amid oversold conditions, a dovish turn in Fed-policy expectations, regained momentum in areas of Big Tech and restored rotational rhythms.
Bitcoin’s Fragile Bounce Leaves Altcoins And ETFs Telling A Different Story
Bitcoin is trying to pull itself together after one of its ugliest weeks of the year, but the rebound looks more like a pause than a comeback. After plunging to around $80,500 on Friday, the coin trades near $87,000–88,000 this morning, lifting total crypto market value back toward the $3 trillion mark. Risk appetite has […]
Crypto ETF flows: BTC sees $151M outflows as ETH and SOL funds thrive
Bitcoin spot ETFs recorded $151M outflows on November 24. Ethereum’s products saw inflows of $96.67 million. Solana ETFs continue their winning streak with yesterday’s $57 million. The cryptocurrency sector remains weak as bearish sentiments prevail. Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias. Exchange-traded funds flow data reflects this uncertain…
Oversold Bounce Targets $94K This Week
Bitcoin Bulls Stunned after Sellers Take Price All the Way Down to $80K Last week, we identified the $84,000 area as the next major support for bitcoin, and that’s exactly where the price went. Bitcoin dropped to nearly $80,000 but managed to climb back above $84,000 support to close the week out at $86,850. Heading into this week, look for bears to let off the gas pedal a little bit as they sit comfortably in control of the price action. Daily …
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