29/11: Bitcoin Holds Above $95,000 After Recovery, Altcoins Slightly Drop

On November 29, Bitcoin price recovered and held above $95,000, after experiencing a previous decline. This happened in the context that Bitcoin had peaked near $100,000 but then faced selling pressure as investors took profits, leading to a sharp drop in price in recent trading sessions. This correction mainly reflects the cautious sentiment of investors after Bitcoin marked a new high.

By November 29, Bitcoin was trading around $95,000, showing a recovery after falling to $94,000 earlier last week and . Experts predict that if Bitcoin holds above this level, it is likely to reach higher levels, even aiming for $100,000 before the end of the year. However, the market still shows signs of concern about a loss of growth momentum due to profit-taking and downward pressure from altcoins, as Bitcoin's market share increases, making it difficult for other coins to attract investors.