How the Cryptocurrency Market Started on November 24: Bitcoin Consolidation and Value Growth on Ethereum!


Recording downward price movements in November Bitcoin, it has consolidated between the price levels of $55,000 and $60,000 since the peak price levels at which it decelerated. Ethereum, the second largest crypto asset of the ecosystem in terms of market capitalization, started recording upward price movements and rose to the price levels of 4.200 dollars.

Bitcoin (BTC)

November October’s price performance of the leading crypto currency Bitcoin reached an all-time high, which was quite lagging behind October. Although Bitcoin recorded upward price movements in early November, it could not maintain these value increases it recorded and lost value at high rates. Breaking down the support level in the price band of the first $ 63,000 and then the $ 60,000 BTC, has not yet been able to recoup the value losses it recorded. According to CoinMarketCap data, along with the recent price movements recorded by the leading crypto currency, 56.642 dollars began to be traded at price levels and continued to accumulate between Dec 55.000 and $ 60.000.

I ethereu (ETH)

Ethereum, the second largest crypto asset by market capitalization, showed a higher price performance compared to Bitcoin on November 23. Ethereum has not yet reached the 4.800 dollar peak price levels it has recorded, but according to CoinMarketCap data, it has recorded a 3% upward movement in the last 24 hours and started trading at 4.274 dollar price levels. Although it has tested the $4,000 support level more than once during the week ETH, managed to stay above critical levels and began to record upward price movements.

The Latest Situation in the Market

CoinMarketCap according to its data, Binance Coin (BNB) has risen by 3.4%, Solana (SOL) by 0.5%, Ripple (XRP) by 0.2%, Polkadot (DOT) by 1.3% in the last 24 hours, while Cardano (ADA) has lost 6.2%.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

You can follow our news on our Telegram channel, Instagram, Facebook, Twitter accounts and Youtube channel.