Sunday, August 14

BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB


Bitcoin (BTC) and most of the major altcoins were sold alongside global equity markets and crude oil November 26. Markets were shaken by the news of a new coronavirus variant detected in South Africa that worries scientists due to its large number of mutations in the spike protein.

The sharp drop has resulted in cryptocurrency cross-liquidations of more than $ 750 million over the 24-hour period, but funding rates on exchanges remain high. This suggests that the sale may not be over yet.

Daily performance of the cryptocurrency market. Source: Coin360

The monthly Bitcoin close for November is highly likely not to hit analyst PlanB’s worst-case scenario of $ 98,000. This will be the first time the model has accurately predicted month-end price levels for August, September, and October. However, the creator of the stock-to-flow model believes that the $ 100,000 target for Bitcoin in this halving cycle still holds.

Is the current dip a mouthwatering Black Friday deal or the start of a short-term bearish phase? Let’s study the charts of the top 10 cryptocurrencies to find out.