Fixing a downward movement in prices in November, Bitcoin has consolidated between price levels between $ 55,000 and $ 60,000 since its peak price decline. Ethereum, the second largest crypto asset in the ecosystem in terms of market capitalization, began capturing upward price movements and climbed to the $ 4,200 price level.
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The price dynamics of the leading cryptocurrency Bitcoin in November did not reach a record high in October. Although Bitcoin recorded an upward price movement in early November, it was unable to maintain this rise in value and lost in value at a high rate. Bitcoin, which first broke the $ 63,000 support level and then the $ 60,000 price range, has so far failed to recoup its losses. According to data from CoinMarketCap, the leading cryptocurrency continued to accumulate between $ 55,000 and $ 60,000, starting at the price level of $ 56,642.
Ethereum, the second largest crypto asset by market capitalization, performed better than Bitcoin on November 23rd. While Ethereum has yet to hit its $ 4,800 peak price level, which it has recorded, according to CoinMarketCap data, it has recorded a 3% move up over the past 24 hours and began trading at $ 4,274 price levels. Although the $ 4,000 support level was tested several times during the week, ETH was able to hold above critical levels and began registering upward price movements.
According to CoinMarketCap, over the past 24 hours, there has been a decline in Binance Coin (BNB) of 3.4%, Solana (SOL) – 0.5%, Ripple (XRP) – 0.2%, Polkadot (DOT) – 1.3% , Cardano (ADA) – 6.2%.
Bitcoin, which was rapidly losing value due to the downward price movement recorded in November, experienced resistance of $ 58,000. The second largest crypto asset by market cap, Ethereum, faced selling pressure from $ 4,320 price levels.
Since the $ 60,000 support level was breached, Bitcoin has consolidated around the $ 55,000 and $ 60,000 levels. Although Bitcoin has recorded high volatility in price movements between these price ranges over a weekly time frame, it has yet to receive an upward momentum, breaking through the $ 60,000 resistance. Bitcoin, which began capturing upward price movements in the early morning of November 25, failed to break the $ 58,150 price level, again faced selling pressure and fell to the $ 57,130 price level.
Although Ethereum, the second largest cryptocurrency in terms of market value, has surpassed the $ 4,300 price level twice in the last 24 hours, after the leading cryptocurrency fell again, it lost some value due to the seller pressure it faced on price levels. amounted to 4320 dollars and fell to 4283. They began to trade at the level of dollar prices. Although Ethereum was below the $ 4,000 support level after falling from the $ 4,800 price levels more than once, it ultimately managed to stay above those levels and maintain a critical support level. However, Ethereum has yet to break through the $ 4,400 resistance level, which is close to its all-time high.
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