At around 6:45 a.m. Beijing time, $BTC climbed back above $78,000, with Binance USDT trading at $78,022, up about 1.4% over 24 hours. Major coins also strengthened: $ETH was around $2,295 (+1.7%), $XRP around $1.28 (+2.4%), and SOL around $93.65 (+1.7%).
After fluctuating between $76,000 and $77,000 around election day last night, sentiment has now partially recovered. However, ETFs have seen net outflows for two consecutive days, and spot demand is still not particularly strong. So I’m inclined to view this as a rebound to watch rather than a trend reversal. The next thing to see is whether prices can hold above $78,000.
#比特币 #Market Watch
For reference only; this does not constitute investment advice.
After fluctuating between $76,000 and $77,000 around election day last night, sentiment has now partially recovered. However, ETFs have seen net outflows for two consecutive days, and spot demand is still not particularly strong. So I’m inclined to view this as a rebound to watch rather than a trend reversal. The next thing to see is whether prices can hold above $78,000.
#比特币 #Market Watch
For reference only; this does not constitute investment advice.