The rise in altcoins suggests a greater appetite for risk among traders. After4 percent drop in the previous week, Bitcoin's price is beginning to stabilize. According to technical indicators, the cryptocurrency was trading around $57,000 at press time and could rise to $60,000-$63,000 in the near future.
Due to the Thanksgiving holiday in the United States on Thursday, analysts expect trading volumes to fall this week. "Over the last three years, we've had downward volatility every time around this holiday," CryptoQuant wrote in a blog post. "This could be due to end of month rotations, options/futures expiries, and rebalancing."
Bitcoin has increased by about 3% in the last 24 hours, while ether has increased by 8%.
Latest prices
Bitcoin (BTC): $57,854, +3.83%Ether (ETH): $4,382, +8.32%S&P 500: $4,690, +0.17%Gold: $1,791,...
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