Rally

bullish

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-as-altcoins-rally-2/" data-wpel-link="internal">Bitcoin Price Surges as Altcoins Rally</a> 
As we enter the last week of November, Bitcoin (BTC) is priced at $98,000. We mentioned on Friday that <a href="https://en.coin-turk.com/aptos-labs-introduces-keyless-authentication-for-blockchain-transactions/" data-wpel-link="internal">altcoin</a> traders might see a smile over the weekend, and that turned out to be true. Many cryptocurrencies recorded gains of up to 20% on Saturday and today. So, what is the current state of the markets? 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
Since the November elections, BTC’s price has surged by over $30,000, exceeding $99,000. BTC is currently defending a support level at $97,138. Sustained high closures indicate that the markets are poised for even larger rallies. While BTC has paused its advance towards true all-time high (ATH) levels, it may break six-figure territories next week. 
During bullish periods, altcoins often face pressure due to BTC dominance (BTCD) increases. However, brief consolidation periods, though short-lived, create room for altcoin upward movements. What we experienced over the weekend was similar. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409495 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-24_08-52-24.png" alt="" width="1814" height="836"> 
<h2 style="text-align: justify" id="comments-on-cryptocurrencies">Comments on Cryptocurrencies</h2> 
Ether’s price has finally surpassed $3,400. Our earlier analysis indicated that closures above $3,380 could pave the way towards $3,800. If we see significant inflows into Ether ETFs starting Monday, this scenario could materialize, potentially driving liquidity to altcoins and targeting a rise to $5,000. 
The total market capitalization of cryptocurrencies has exceeded $3.35 trillion, reaching new highs. According to CMC data, BTCD has dropped again. SAND and MANA Coin prices have experienced a remarkable turnaround, increasing by 77%. If we see positive developments in the <a href="https://en.coin-turk.com/intellectual-property-challenges-in-the-metaverse-explored-by-uk-researchers/" data-wpel-link="internal">metaverse</a> space, it could signify a revival of trends in this area after years. 
This week, XLM Coin experienced the largest surge with an increase of 185%. The dinosaur altcoin XLM jumped to $0.561, while other cryptocurrencies such as XTZ, HBAR, ALGO, <a href="https://en.coin-turk.com/polkadot-network-sees-record-active-addresses/" data-wpel-link="internal">DOT</a>, and AXS recorded gains exceeding 60%. 
The total trading volume of all cryptocurrencies continues to remain above $200 billion. 
The post <a href="https://en.coin-turk.com/bitcoin-price-surges-as-altcoins-rally-2/" data-wpel-link="internal">Bitcoin Price Surges as Altcoins Rally</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surges as Altcoins Rally

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