The crypto market is exhibiting signs of minor rally with majority assets reflecting small profits on Thursday, November 27. Bitcoin, at the time of writing, was trading at $91,030 after having roped in profits nearing four percent in the last 24 hours. This is the first time this week that the asset has climbed over the $90,000 mark after testing the $85,000 mark.
Speaking to CoinHeadlines, market analysts noted that the overall sentiment around BTC remains stable but cautious with macro trends and ETF flows likely guiding its next move.
“Bitcoin is consolidating after a steep correction. A breakout entry becomes relevant only if BTC closes strongly above $92,000. A breakout entry becomes relevant only if BTC closes strongly above $92,000. Potential profit-taking zones are $98,000–$102,000, with a major exit near $110,000,” said Unocoin CEO Sathvik Vishwanath.
Ether clocked a gain of around three percent over the last day to trade at $3,029. It is the first time this week that ETH has been able to trade over the $3,000 mark after it receded to the mark of $2,700 earlier.
“ETH whale wallets holding 10,000–100,000 ETH added 440,000 ETH in a week, reinforcing confidence despite recent caution. Meanwhile, an estimated 1.8 million BTC were withdrawn from exchanges overnight, leading to speculation around strong institutional activity,” Edul Patel, the CEO of Mudrex told CoinHeadlines.
XRP, BNB, Solana, Tron, Dogecoin, Cardano, Bitcoin Cash, Chainlink, and Stellar registered minor gains within the range of one percent to five percent, data by CoinMarketCap showed. Litecoin, Avalanche, Hedera, Cronos, Toncoin, Polkadot, and Mantle also registered minor gains on Thursday.
A handful of crypto assets saw minor losses including Shiba Inu, World Liberty Financial, Canton, Aster, Athena, and Aptos among others.
The overall crypto market cap rose by 2.95 percent in the last 24 hours. With this, the valuation of the sector came to $3.1 trillion. The score on the Fear and Greed Index rose by three points to touch 18 – which still indicates extreme fear.
According to CoinGlass, 113,334 traders were liquidated over the last day logging the total liquidations at $322.42 million.