The loss-streak of crypto assets did not see a change on Wednesday, November 19 as a majority of tokens continued to trade in losses. Bitcoin on Wednesday, reflected a dip of under one percent to trade within the short range of $90,200 and $90,400. The asset that had sunk to the $89,000 level the previous day – is showing light signs of recovery.
Analysts told CoinHeadlines that at this point, Bitcoin sits at a macro crossroads wherein leverage is high and the Fed’s cautious stance limits liquidity. The re-opening of the U.S. government could either cool inflation fears or trigger tighter policy revamps in the coming days – speculations around which are also impacting the market sentiment.
“Technically, BTC is compressing beneath a key resistance band at $94,500–$97,000 with support holding near $89,000. A clean breakout above $97,000 offers an entry toward $103,000–$108,000, while rejection favors waiting for a bounce. Longs should exit partially near $103,000 and fully above $108,000; shorts should exit above $97,000. Overall, disciplined levels matter more than headlines in this volatility-primed structure,” said Unocoin CEO Sathvik Vishwanath.
Ether price mimicked BTC’s price trajectory to clock a loss of 0.50 percent. At the time of writing, ETH was trading at $3,025. Its loss-margin in the last seven days has expanded to 12.4 percent. Its previous day price was logged at $3,005.
A total of 117,429 traders were liquidated over the last day pulling $292.90 million from the market.
XRP, Tron, Cardano, Zcash, Chainlink, Avalanche, and Litecoin also roped-in minor losses in the last 24 hours. Monero, meanwhile, has registered a dip of 13.30 percent to trade at its present price point of $356.
Meanwhile, BNB joined Solana, USDC, Dogecoin, Bitcoin Cash, LEO, Stellar, and Hedera saw small profits – but continue to show fluctuation on the price charts.
The overall crypto market cap went up by a miniscule gain of 0.49 percent over the last day. The valuation of the sector presently stands at $3.11 trillion.
“Whale activity is adding strength to the recovery, with wallets holding over 1,000 BTC rising to a four-month high of 1,384. The market now awaits the U.S. FOMC meeting minutes. Any indication of easing in the December outlook could support a broader bullish shift,” Edul Patel, CEO of Mudrex told CoinHeadlines.
The score of 16 on the Fear and Greed Index reflects the sentiment of extreme fear among investors.