Tags: altcoins

These days the crypto market is slightly bearish with major coins trading in the red. Specifically, Bitcoin (BTC) and Ethereum (ETH) shed about 1 in a week. However, market participants aren‘t losing their optimism regarding the possible approval of spot Bitcoin ETFs and the upcoming halving. Amid that, Bitcoin is still eyeing the $38,000 mark. Besides, the release of the US PCE Inflation Data with potential implications for the Fed monetary policy could impact market sentiment. Financial markets, including bitcoin and crypto, could benefit from confirmation of falling inflation. 

Crypto Exchange Listing and Delisting Announcements: November 27, 2023

As we approach the end of the month, will Bitcoin climb towards the $40,000 threshold, or will it experience a notable setback? Traders are keenly observing the market, especially with the monthly close imminent and potential volatility on the horizon, further fueled by anticipated macroeconomic events and recent developments like ARK Invest‘s decision to reduce its holdings in the Grayscale Bitcoin Trust.

The diverse array of trends in the cryptocurrency market exhibit Bitcoin and BNB‘s rising values; however, most altcoins face a struggle – this results in an overall market cap dip to $1.41 trillion. Despite this setback, robust investment persists within crypto funds: notably so with significant inflows towards Bitcoin - a testament to strong investor confidence. The fact that 70 of Bitcoin supply has remained untraded over the past year further serves as evidence - a strong holding sentiment appears to be suggested.

The ever-evolving world of cryptocurrencies currently experiences a mix of contrasting trends in the market. Leading cryptocurrencies such as Bitcoin and BNB witness gains; for instance, there is a modest 0.7 increase in Bitcoin value while an impressive surge by 5.3 characterizes the BNB performance. Conversely, however, we observe that the broader altcoin market is undergoing a downturn. The overall crypto market cap, despite its gains in key areas, has settled at $1.41 trillion – a figure indicating a slight decline.

As the week unfolds, Bitcoin (BTC) finds itself at a pivotal moment, captivating traders with its highest levels in the last 18 months. The recent spike above $38,000 has created a "micro-range" where bulls and bears are intensely competing – this tension raises a critical question: will BTC surge towards the $40,000 mark or face a significant pullback? With the end of the month fast approaching, traders are on the edge of their seats, waiting for the volatility that might come from the monthly close, and keeping an eye out for any surprise twists from upcoming macroeconomic events.

As we delve into the crypto market this Tuesday, the landscape presents a mixed bag of trends: Bitcoin, the big kahuna of crypto, is holding steady with a slight dip under 1, while, over in the altcoin corner, Ethereum is playing a bit of a tug-of-war; it‘s been flirting with the $2,100 mark, but keeps slipping back to around $2,000, making it a nail-biter for those watching its every move. The broader market isn‘t exactly in party mode either, with the global cap hovering just over $1.41 trillion, down a smidge by 0.6 in the last day. And with the fear and greed index chilling at 69, it feels like everyone‘s waiting for the other shoe to drop. 

Jito Foundation is launching a governance token aimed at both managing and spurring the development of the Solana-based liquid staking protocol.

After these last few days of red candles altcoins could be ready to start coming back to life. The Solana ecosystem has some prime candidates to take the lead.

Israel‘s battle against the financing of Iran-backed militant groups, spanning from Hamas to Hezbollah, has encountered a new battleground: the rapidly expanding crypto network known as Tron.

Cosmos co-founder Jae Kwon has split ATOM after years of infighting and accusations that the community is conspiring against him.