mixed trading on Monday, November 25, 2024.
Citing data from Coinmarketcap, Monday (11/25/2024), the crypto with the largest market capitalization, Bitcoin (BTC) % weakened 0.22% in 24 hours but still strengthened 8.86% in a week. The price of Bitcoin today is at Rp. 1,557,367,951.40. $BTC
Ethereum (ETH) crypto weakened 2.21% in 24 hours from a gain of 7.85% in a week. The price of ETH is now at Rp. 53,276,363.23 per coin.
The price of crypto stablecoin Tether (USDT) strengthened by 0.01 in 24 hours but still strengthened by 0.40% in a week. That made USDT traded at Rp. 15,960.54.
Binance coin (BNB) price increased by 0.28% in 24 hours and 6.07% in a week. The price of BNB crypto is now pegged at IDR 10,492,849.16 per coin.
Meanwhile, Solana (SOL) entered the red zone with a 2.16% drop in a day after posting a 6.80% gain in a week. Currently, the price of SOL is trading at Rp. 4,000,932.09 per coin.
Meanwhile, USD Coin (USDC) weakened by 0.01% in 24 hours and 0.31% in a week. USDC today is in the range of Rp. 15,941.60.
XRP also weakened into the red zone today. XRP fell 3.22% in 24 hours from a gain of 31.22% in a week. With that, XRP is now priced at Rp. 22,318.67 per coin.
Coin Meme Dogecoin (DOGE)
Meanwhile, Meme coin Dogecoin (DOGE) fell 3.51% in a day after rising 16.81% in a week. This makes DOGE traded at Rp.6,754.59 per token.
TRON (TRX) is down 2.53% percent in 24 hours after gaining 4.02% in a week. Toncoin is now trading at Rp3,328.73.
Then Cardano (ADA) fell 5.90% in the last 24 hours after strengthening 42.63% in a week. With that, the price of ADA is at the level of Rp. 16,078.19 per coin.
The overall crypto market capitalization today is at Rp. 53.15P, a decrease of 0.58% compared to the previous day.
Analysts Warn Bitcoin Price Could Drop Suddenly
A popular analyst who accurately predicted the cryptocurrency crash in 2022 warns that Bitcoin (BTC) could hit a price peak at any time.
As reported by Coinmarketcap, Monday (11/25/2024), operating under the pseudonym Capo, he warned his 102,828 subscribers on the Telegram platform that Bitcoin might suddenly drop, potentially losing their recent substantial profits.
Capo said the current market correction is likely due to a number of reasons. He noted the upcoming inauguration of pro-crypto presidential candidate Donald Trump on January 20 is one of the main reasons for this possibility.
He pointed out the over-optimism in market sentiment and highlighted that retail investors are flocking to meme coins.
Capo stressed that the meme coin rally feels too long and unhealthy, and said the U.S. government’s ownership of 208,109 BTC could put downward pressure on prices.
Blockchain Association Prioritizes Reforms in Donald Trump's First 100 Days
Capo stated that the US Government holds 208,109 BTC and may start selling these Bitcoins. This could potentially lower the price of BTC.
He further indicated that the strengthening dollar has caused a divergence in BTC’s rally. In addition, many altcoins have underperformed, testing significant resistance levels, which could have a negative impact on the overall market.
Currently, Bitcoin is trading at around USD 98,994. Capo makes a persuasive statement about the potential for the market to decline at any time.
Finally, he advises traders looking for more information on the overall market conditions to be cautious. Staying up to date with the latest developments regarding Bitcoin and other digital assets is essential to making informed decisions.
Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto.
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