The cryptocurrency market in November 2024 remains volatile, shaped by multiple influences.
Bitcoin, for instance, is experiencing a bullish trend driven by strong institutional interest and could potentially reach the symbolic $100,000 mark within weeks, depending on continued consolidation.
However, it’s showing signs of short-term overheating, which may require a pause before further upward movement.
Altcoins like Ethereum are following this trend, seeing moderate but steady growth.
These current fluctuations stem from several factors: economic uncertainties, the impact of global regulations, and the introduction of financial products such as Bitcoin-based ETFs, which are attracting new investors.
Additionally, technological advancements and shifts toward long-term investment strategies play a significant role in this dynamic.
