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<ul class="news-points wp-block-list">
 <li>Bitcoin retraced 9.5% after reaching a $99,800 all-time high on November 24.</li>
 <li>MSTR plunged 35% after MicroStrategy purchased $5.4 billion worth of Bitcoins.</li>
 <li>Ethereum picking up momentum as Bitcoin’s rally loses steam.</li>
</ul>
Bitcoin retraced 9.5% after reaching a $99,800 all-time high on November 24. The cryptocurrency found support at $90,742, according to TradingView’s<a href="https://www.tradingview.com/x/t8dc67Ft/" target="_blank" rel="noopener noreferrer nofollow"> data</a>. However, crypto analysts consider the $93,000 region a more comfortable level for the flagship crypto ahead of the upcoming holiday season.
In the meantime, one analyst <a href="https://t.me/QCPbroadcast/1370" target="_blank" rel="noopener noreferrer nofollow">cited</a> MitcoStrategy’s stock (MSTR) as one of the victims of the recent BTC pullback. MSTR plunged 35% after MicroStrategy purchased $5.4 billion worth of Bitcoins at $97,862. Despite the setback, MSTR appears to have found support, with evolving signals suggesting more upward movement for the stock’s price.
Read also : <a href="https://coinedition.com/microstrategys-crazy-buy-51780-btc-for-4-6-billion-price-doesnt-matter/" rel="noopener noreferrer nofollow">MicroStrategy’s Crazy Buy: 51,780 BTC for $4.6 Billion, Price Doesn’t Matter</a>
Meanwhile, BTC’s loss appears to be a gain for Ethereum, considering ETH’s recent price rally. The scenario suggests a transition towards an altcoin season, with Ethereum picking up momentum as Bitcoin’s rally lose…
The post <a href="https://coinedition.com/btc-pullback-eth-resurgence-and-other-market-trends-ahead-of-the-holiday-season/" rel="noopener noreferrer nofollow">BTC Pullback, ETH Resurgence, And Other Market Trends Ahead of the Holiday Season</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BTC Pullback, ETH Resurgence, And Other Market Trends Ahead of the Holiday Season

Coin Edition

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