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According to data from Zhongcai.com, on November 23, 2024, at 00:50, the price of Bitcoin was $98,712, an increase of $1,649 from the previous day, with a growth rate of 1.70%. The highest price reached $99,334, and the lowest price was $96,887. The CME Bitcoin futures price at 5:59 on November 23, 2024, was $100,843.50, an increase of $1,143.50 from the previous day's settlement price, with a growth rate of 1.15%. Its opening price was $99,795, the highest price was $101,100, and the lowest price was $98,340. Bitcoin prices continue to rise, approaching the $100,000 mark. Since the U.S. election on November 5, Bitcoin has risen by over 33%, demonstrating a strong upward trend.
Technical Indicators
From a 4-hour cycle perspective, the candlestick pattern shows an upward trend, with multiple long lower shadows indicating strong buying support. The MACD technical indicator remains above the zero axis, with both DIF and DEA diverging upward, indicating that the current market is in a bullish trend. The Relative Strength Index (RSI) is close to 70 but has not entered the overbought zone, indicating that upward momentum still exists, but caution is needed for potential pullback risks. In terms of the EMA trend indicators, the price is above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages showing a bullish arrangement.
Market Activity
The Bitcoin market activity is extremely high, with trading volume maintained at a high level. As Bitcoin prices continue to rise, market attention continues to increase, attracting many investors' participation. Whether institutional investors or retail investors, they are all flocking to the Bitcoin market, driving the market's prosperity.
Liquidation Situation
Coinglass data shows that in the past 24 hours, over 116,800 people were liquidated, with a total liquidation amount of approximately $390 million, of which long positions accounted for $170 million and short positions accounted for $220 million. The significant volatility in Bitcoin prices has led to some investors being liquidated, which also reflects the high-risk nature of the Bitcoin market.
Performance of Related Concept Stocks
The rise in Bitcoin prices has driven a significant rebound in related concept stocks. For example, MicroStrategy (NASDAQ: MSTR) saw its stock price rise over 5% in a short period. Canaan Creative (NASDAQ: CAN) and Coinbase (NASDAQ: COIN) also saw their stock prices rise over 2%. Additionally, the Japanese company Metaplanet plans to issue bonds to raise funds for purchasing Bitcoin, and its stock price has soared 445% in the past six months. The performance of these concept stocks further highlights the fervor of the Bitcoin market and investor optimism regarding the future development of the crypto ecosystem.
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