Why Bitcoin’s Rally Is Stalling Below $100,000
Posted On November 25, 2024
Top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP) are seeing declining bullish sentiment despite rising cost bases for holders.
What Happened: Santiment data shows the crypto market sentiment, which had been bullish following a prolonged rally since September, cooling down, particularly for top-cap assets like Bitcoin and Ethereum.
Despite Bitcoin nearly hitting the $100,000 milestone, its recent price stagnation and social sentiment dip suggest a rise in pessimism among traders.
This shift occurred notably after the U.S. presidential election, where euphoria peaked …
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