Crypto Market Analysis | 25 November 2024

Crypto Market Analysis

Bitcoin reached an all-time high of $99,588 last week, with market participants eagerly anticipating the psychological $100K milestone. Currently, BTC is trading around the $97,500 level, reflecting mixed market sentiment. While some analysts foresee a potential correction, others remain optimistic about its upward trajectory.

Altcoins demonstrated strong performance over the weekend and are expected to maintain their momentum, provided Bitcoin remains stable without significant retracement.

Additionally, current geopolitical tensions, particularly the escalating Russia-Ukraine conflict, should be closely monitored, as they may impact market sentiment and broader financial conditions.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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