Market Overview
Bitcoin (BTC) has dropped approximately 5.05% in the last 24 hours, trading around $90,849. It fluctuated between $95,798 and $89,314 during the day. Declining global risk appetite and uncertainty in trade policies are keeping investors cautious. Despite the pullback, BTC is attempting to hold just above key support zones. Ethereum (ETH) has fallen about 5.42% in the past 24 hours, trading near $3,029, with prices ranging between $3,215 and $2,956 throughout the day. Reduced interest in Layer-2 solutions and overall market weakness are adding pressure on ETH. Overall, the crypto market remains under selling pressure, and both BTC and ETH may continue to show short-term volatility and weakness.
Key Developments
★★★ SGX launched BTC and ETH perpetual contracts with traditional collateral and clearing for institutional investors starting November 24.
★★ ZEC 6.1 upgrade was released on November 23 as planned, featuring security and performance improvements.
★★ The delay in US nonfarm payroll data increases macro uncertainty, reducing risk appetite in crypto.
★★ Cboe announced it will launch “perpetual-style” crypto futures for Bitcoin and Ether on December 15.