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news-imageNovember 28, 2024

Why Crypto Market Is Up Today: Bitcoin Hits $97K Amid Bullish Rebound

The total crypto market cap edged 3.3 percent higher in the last 24 hours to hover about $3.5 trillion on Thursday, November 28, during the early Asian session. Bitcoin (BTC) price briefly touched $97.3k after a 4 percent rally in the past 24 hours, before retracing to about $95.6k at the time of this writing.
Publisher: CoinPedia
Sentiment: Positive
BTC

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Positive
cover-imageCoinPedia
November 28, 2024

Bitcoin (BTC) Price Prediction (Nov 28th 2024)!

Story Highlights The Bitcoin price records a 3% bullish reversal and reclaims the $95,000 mark. Technical indicators experience increased price volatility, indicating uncertainty this week. Sustained bullish price action could push the BTC price to $98,000 today. The cryptocurrency market has added 3.91% to its valuation and is currently veiled at $3.

Positive
cover-imageBenzinga
November 28, 2024

Joe Rogan's Bitcoin Pile Has Grown Over 30000% In Value, But He Hasn't Sold: Conviction-Based HODLing Or Has The Podcast King Lost His Keys?

Joe Rogan has become one of the world's most successful podcasters in recent years, with influential figures like tech mogul Elon Musk, boxing legend Mike Tyson, renowned whistleblower Edward Snowden, and President-elect Donald Trump appearing on his “The Joe Rogan Experience” show. But aside from a plethora of topics he enjoys discussing, Rogan has also exhibited significant interest in Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, and even holds some in his portfolio.

Negative
cover-imageThe Currency Analytics
November 28, 2024

Bitcoin Set for a Sharp Decline? Peter Schiff Predicts More Losses for BTC as MicroStrategy's Buying Spree Slows

Bitcoin (BTC) struggles to maintain its momentum, prominent financial analyst Peter Schiff has issued a stark warning about the future of the cryptocurrency. According to Schiff, Bitcoin could face further declines once MicroStrategy, the business intelligence firm led by Michael Saylor, completes its ambitious plan to buy up massive amounts of the digital asset.

Negative
cover-imageCryptopolitan
November 28, 2024

MicroStrategy's Bitcoin stash at risk? Analyst warns

Bitcoin's (BTC) bullish race to hit $100K post-US Presidential elections got the crypto industry excited but on the other hand, it has also flagged liquidation risk for some pro-BTC firms ahead. Microstrategy (MSTR), which has decided to go heavy on the biggest crypto is expected to face a similar danger.

Negative
cover-imageThe Currency Analytics
November 28, 2024

MicroStrategy Stock Plummets: Peter Schiff Warns of Bitcoin Strategy Risks

MicroStrategy, a business intelligence firm known for its significant Bitcoin holdings, has seen a dramatic 33.94% drop in its stock price, raising concerns about the long-term viability of its Bitcoin strategy. Despite holding over 386,700 Bitcoin worth nearly $36 billion the company's stock has suffered considerable losses, prompting debates over its reliance on cryptocurrency for growth.

Positive
cover-imageCoinPedia
November 28, 2024

Why is Bitcoin Price not Crashing Today?

Bitcoin is currently trading above the crucial $95k level and is up by more than three percent in the last 24 hours. The largest cryptocurrency is showing signs of a short-term bullish divergence, as it tries to regain a key Fibonacci level. This is happening alongside a new bullish cross on the Bitcoin indicator.

Positive
cover-imageNewsBTC
November 28, 2024

Experts Predict Bitcoin Journey To $100,000 After Thanksgiving Rally

Despite a brief correction towards the $91,000 mark on Tuesday, which represented a 7% drop from its all-time high of $99,500, the market's leading crypto, Bitcoin (BTC), has regained the strength it has posted over the past three weeks since Donald Trump's election, on its way to the $100,000 milestone. Coinbase, Robinhood, And MicroStrategy All Post Gains In the 24-hour time frame, Bitcoin recorded gains of nearly 5%, regaining the $96,100 level as a key to reach a new record high in the last days of the month.

Positive
cover-imageCryptonews
November 28, 2024

Vancouver Proposes Motion to Hold Bitcoin as Reserve Asset

Vancouver Mayor Ken Sim has proposed a motion to explore adding Bitcoin as a reserve asset, aiming to diversify the city's financial resources and safeguard purchasing power amid economic uncertainty, with a formal introduction scheduled for December 11. The post Vancouver Proposes Motion to Hold Bitcoin as Reserve Asset appeared first on Cryptonews.

Negative
cover-imageThe Currency Analytics
November 28, 2024

Long-Term Bitcoin Holders Sell $60 Billion Amid Price Drop

The Bitcoin market has witnessed significant movements in recent weeks as long-term holders (LTH) have sold off a substantial portion of their holdings. Over the past month, reports show that these investors released $60 billion worth of Bitcoin, contributing to the recent price dip to $91,500.

Negative
cover-imageThe Currency Analytics
November 28, 2024

Bitcoin Faces Risk of Decline to $85,610 Amid Market Weakness

Bitcoin's recent performance has raised alarm bells among traders, as the leading cryptocurrency struggles to hold vital support levels. Despite a strong bullish run in recent months, Bitcoin has encountered increasing selling pressure over the last few days, with analysts warning that if key support at $91,583 fails, Bitcoin could experience a significant decline, with $85,610 emerging as the next crucial target.

Positive
cover-imageNewsBTC
November 28, 2024

Bitcoin Sentiment Cools Down From Extreme Greed: Can Rally Restart Now?

On-chain data shows the Bitcoin Fear & Greed Index has cooled down from extreme greed, a sign that may be positive for BTC's price. Bitcoin Fear & Greed Index Is Pointing At ‘Greed' Again The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors in the Bitcoin and wider cryptocurrency markets.

Negative
cover-imageCryptoSlate
November 28, 2024

Short-term holders hit with losses as Bitcoin fell below $93k

Bitcoin's recent correction to $92,000 came after failing to breach the psychological resistance at $100,000, a critical level expected to mark a new chapter in the ongoing bull market. While corrections of up to -30% are frequent during bull runs, the sharp decline below $93,000 caused a segment of short-term holders (STHs) to realize losses.

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