Bitcoin has been climbing over the past week after three volatile weeks in November. Selling pressure eased, and traders are holding their positions as volatility cools.<\/p>\n
The total crypto market cap jumped over 8.7%, pushing back above $3 trillion. The Crypto Fear and Greed Index rose seven points to 25, signaling cautious optimism among traders. Mid-cap altcoins outperformed, with many seeing strong double-digit gains.<\/p>\n
The rally was driven by consistent dip buying and improving macro sentiment. Bitcoin reclaimed key support areas and the $90,000 mark early in the week, giving traders more confidence. Short sellers faced pressure, which added extra fuel to the recovery.<\/p>\n
Stocks also performed strongly. The Dow gained over 1,750 points, and the Nasdaq 100 rose more than 1,200 points. Analysts are bullish on equities, citing AI growth and expectations of a Federal Reserve rate cut in December. Strong corporate earnings further supported the positive sentiment.<\/p>\n
This optimism spilled over into crypto. Futures open interest climbed from $120 billion to over $134 billion, showing more capital moving back into the market.<\/p>\n
Several crypto-specific catalysts are also helping. New altcoin ETFs launched recently, with more expected in December. Historically, the holiday season is a strong period for crypto, boosting hopes that Bitcoin could push toward $100,000 soon.<\/p>\n
Traders are leaning long, with Bitcoin\u2019s long-short ratio at 1.72, signaling bullish sentiment. A falling dollar, rising open interest, and improving market confidence suggest December could be a stronger month for crypto than earlier in November.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has been climbing over the past week after three volatile weeks in November. Selling pressure eased, and traders are\u2026<\/p>\n","protected":false},"author":294,"featured_media":97661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[3925],"class_list":["post-97659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/97659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=97659"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/97659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/97661"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=97659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=97659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=97659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}