CandleFocus Bitcoin’s Price Tests $92K, Ripple (XRP) Bulls Looking for Next Targets (Market Watch)
2024-11-18
Author: Content Editor
Over the weekend, the cryptocurrency market remained relatively stable, with Bitcoin maintaining its price above $90,000 and showing signs of pushing higher. The total market capitalization is expanding above $3.2 trillion due to gains in mid-cap cryptocurrencies. There was a brief dip in Bitcoin's price, with an attempted push below $89,000 by bears, but buyers quickly bought up the discounted coins, leading to a V-shaped recovery. Currently, BTC is testing the $92,000 level, and a breakout above it could lead to a challenge of the all-time high. There are upcoming events that may impact the crypto market, including the launch of Bitcoin futures ETFs and the anticipation of the resignation of the chairman of the United States Securities and Exchange Commission. In the altcoin market, there is a mixed picture, with some cryptocurrencies experiencing marginal corrections while others, such as Ripple's XRP, Hedera (HBAR), Mantra (OM), and Stellar (XLM), see considerable gains.
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