The cryptocurrency market is once again in the global spotlight. Bitcoin (BTC) reached an impressive milestone of $97,000, sparking a storm of discussions about the possibility of surpassing the symbolic level of $100,000. However, the euphoria was short-lived — the price retreated to $95,500. Despite this, Ethereum (ETH) and other assets showed significant growth, proving that the cryptocurrency market remains a field for ambitious traders. 💹
Bitcoin has increased by 3.3% in the last 24 hours, fueling investor expectations. Holiday periods, such as Thanksgiving, are traditionally accompanied by sharp price movements, reminding us once again of the need to be prepared for high volatility. ⚡
Meanwhile, Ethereum (ETH) has become the key asset of the week, rising by 7%. 🔥 This is no coincidence, as Ethereum's fundamental indicators show sharp growth. Increased transaction volume 📈, rising revenue from fees 💰, and active creation of new wallets 📊 confirm sustained activity on the network. Investors have also taken note of the record level of open interest in ETH futures, which reached $27 billion. This is a clear sign that the market is pricing in further price growth for Ethereum. Particularly interesting is the fact that the ETH/BTC pair has risen by 13%, demonstrating a shift in cash flows in favor of ETH.
DeFi tokens are also keeping pace. AAVE and UNI have risen by 9%, while meme coins PEPE and MOG have added over 8%. 🤑 Such movements often indicate a growing appetite for risk among investors, confirming increased interest in second-tier cryptocurrencies.
At the macro level, market sentiment is fueled by the appointment of Scott Bessent as the Treasury Secretary of elected President Donald Trump. 🏛️ Bessent, known for his achievements in macroeconomics and finance, has previously emphasized the importance of cryptocurrencies as a symbol of freedom and a new economic future. His position and potential easing of economic policy could have a lasting positive impact on the cryptocurrency market. 🌐
What lesson can be drawn from these events? Holiday weeks are times of sharp movements in the markets, and cryptocurrencies are no exception. ⚠️ Traders should prepare for volatility, set stop-losses, and avoid excessive risk. Including Ethereum in a portfolio may be a strategically justified step, considering its resilience to fluctuations and positive fundamental indicators. 📌
Don’t forget about diversification. DeFi tokens and meme coins have demonstrated their ability to generate significant profits during market upswings. 💡 However, they also carry increased risks, so it’s important to carefully assess your strategy.
The cryptocurrency market continues to prove that it can surprise even the most experienced investors. 🌟 Keep an eye on the fundamental factors, stay calm, and don’t succumb to emotions. This market rewards those who act wisely and disciplined. See you at the top! 🚀$BTC
