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4 Reasons Why the Crypto Market Is Up Today? | CoinGape

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Summary
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63% Informative

After yesterday 's drop, the crypto market regained support today , attracting a 3.11% surge in the global market cap.

November is the most bullish month of the year , with the Coinglass monthly Bitcoin returns report indicating a +36.29% increase, which is more than 3x the Uptober.

Despite the bullish momentum, analysts say a 30% consolidation might hit the Bitcoin price rally.

Bitcoin almost touched the $ 100k mark, setting an ATH at $ 99.6k .

However, the 12-hour chart indicates a bearish divergence.

This could lead to a further consolidation or a slight pullback before the tokens break out.

Bitwise has filed for 10 Crypto Index ETFs , including Bitcoin, XRP , Solana , Cardano, Uniswap , Polkadot and Chainlink .

VR Score

42

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English

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