Bitcoin
Bitcoin Price and Trading Report: November 26th
Digital assets may have begun to turn around in the short and medium term this morning with a dip in Eth and the Bitcoin price.
November 26, 2020
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Digital assets may have begun to turn around in the short and medium term this morning with a dip in Eth and the Bitcoin price.
Risk was bid again overnight with oil up a lot and gold even lower. Bitcoin price is hovering around all-time highs.
Bitcoin is trading sideways as alts have taken over for the most past. Digital asset markets have had a great run but can they continue?
The ducks are no longer in a row for risk after last week as new developments suggest a quieter, even slightly bearish end to the year.
With Bitcoin getting towards the juicy part of its parabola, alts attracted bids over the weekend. Markets face end of month and year.
With risk markets sliding this morning we are watching BTC for its response – trading either way can be rationalised after the fact.
In 2020, Bitcoin is emerging as a viable money for institutional investors. With a current market-cap of $330 billion we consider a trillion.
Risk traded lower overnight with USD down and gold looking underwhelming going into the end of 2020. BTC is still holding up as-is.
Bitcoin price continues to make new highs as risk markets trade sideways overnight. Although other assets have rallied it is all eyes on BTC.
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