Crypto Market Pulse - November 26, 2024

Crypto Market Pulse - November 26, 2024 | Kairon Labs
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Crypto Market Pulse

LAST WEEK RECAP:

  • Bitcoin reached $99K ATH
  • US BTC ETFs recorded 5 consecutive days of inflows
  • SEC chair Gary Gensler to step down in January
  • Trump names pro-crypto Scott Bessent as Treasury Secretary pick
  • Nvidia beats Q3 revenue and EPS estimates
  • BTC ETF option begins trading
  • MSTR (MicroStrategy) becomes the most traded U.S. stock on Nov 21st
  • Arkham will launch a spot trading platform in the U.S.

LEGACY MARKETS – DXY

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - DXY

The dollar pushes for a breakout out of the big range, with no significant rejection observed. It now looks more like a retest.

LEGACY MARKETS – VIX

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - VIX

VIX is still muted as the market expectations remain largely unchanged.

BTC WEEKLY VIEW

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - BTC

Bitcoin continues to make new highs within its uptrend. It faced significant selling pressure after coming just 1k short of breaking the 100k mark, leading to a pullback. We anticipate that BTC will consolidate again near the 100k level.

ETH WEEKLY VIEW

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - ETH

ETH has followed BTC’s rally and broken above its previous high but remains relatively weak overall.

ETH/BTC

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - ETH

ETH is showing relative strength.

TOTAL3 USD MARKET STRENGTH

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - TOTAL3/USD

TOTAL3 exhibited a varied performance as altcoins posted modest gains with healthy incremental growth observed.

TOTAL3 BTC MARKET STRENGTH

Crypto Market Pulse: November 26, 2024: Kairon Labs Crypto Market Insights - TOTAL3/BTC

TOTAL3/BTC has a breakout and subsequent retest; we expect it to continue its upward momentum.

SUMMARY

  • Eyes are still on TOTAL3/BTC as it shows relative strength post-elections.

DISCLAIMER:

The information in this report is for information purposes only and is not to be construed as investment or financial advice. All information contained herein is not a solicitation or recommendation to buy or sell digital assets or other financial products.

This post was prepared by Kairon Labs Trader Patrick Li and Joshua Van de Kerckhove.

Edited by: Marianne Dasal

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