📊 Data Tracking | November 5: Crypto Market Rebounds Across the Board
With the U.S. midterm election results in, uncertainty has faded and the crypto market has staged a strong rebound. $BTC briefly broke above $81,000, reclaiming the $80,000 mark; $ETH climbed even more sharply, briefly reaching $2,440 intraday.
📈 Top cryptocurrencies: 24-hour performance (live CoinGecko data):
• Bitcoin: $80,341, +2.62%
• Ethereum: $2,415, +4.15%
• BNB: $714.9, +1.99%
• Solana: $96.67, +4.00%
📊 A few key figures to watch:
• Total crypto market cap is about $2.79 trillion, up 5.1% over 24 hours
• The Fear & Greed Index rose from 34 to 50, moving from “Fear” back to “Neutral”
• Around $990 million in positions were liquidated across the market in 24 hours, including $577 million in short positions, as bears were caught in a wave of liquidations
• Spot ETF inflows recovered on November 4: Bitcoin ETFs saw $276 million in net inflows, while Ethereum ETFs saw $43 million
• Bitcoin dominance is 58.1% and Ethereum’s is 10.6%; capital is still concentrated in large-cap coins
Analyst Michaël van de Poppe believes Bitcoin is on the verge of reversing its downtrend into an uptrend. In the short term, $80,000 is the first key battleground between bulls and bears; whether Bitcoin can hold above it will determine the strength of the rebound.
Do you think this rebound marks the beginning of a trend reversal, or is it just a brief release of post-election optimism?
#比特币 #以太坊 #CryptoMarket
⚠️ Personal opinion only. DYOR and be mindful of the risks.
With the U.S. midterm election results in, uncertainty has faded and the crypto market has staged a strong rebound. $BTC briefly broke above $81,000, reclaiming the $80,000 mark; $ETH climbed even more sharply, briefly reaching $2,440 intraday.
📈 Top cryptocurrencies: 24-hour performance (live CoinGecko data):
• Bitcoin: $80,341, +2.62%
• Ethereum: $2,415, +4.15%
• BNB: $714.9, +1.99%
• Solana: $96.67, +4.00%
📊 A few key figures to watch:
• Total crypto market cap is about $2.79 trillion, up 5.1% over 24 hours
• The Fear & Greed Index rose from 34 to 50, moving from “Fear” back to “Neutral”
• Around $990 million in positions were liquidated across the market in 24 hours, including $577 million in short positions, as bears were caught in a wave of liquidations
• Spot ETF inflows recovered on November 4: Bitcoin ETFs saw $276 million in net inflows, while Ethereum ETFs saw $43 million
• Bitcoin dominance is 58.1% and Ethereum’s is 10.6%; capital is still concentrated in large-cap coins
Analyst Michaël van de Poppe believes Bitcoin is on the verge of reversing its downtrend into an uptrend. In the short term, $80,000 is the first key battleground between bulls and bears; whether Bitcoin can hold above it will determine the strength of the rebound.
Do you think this rebound marks the beginning of a trend reversal, or is it just a brief release of post-election optimism?
#比特币 #以太坊 #CryptoMarket
⚠️ Personal opinion only. DYOR and be mindful of the risks.