BTC and other major altcoins surged in the last 24 hours.
In the past day, BTC rallied by over 4% to cross $17000 before settling down just below the mark as crypto investors worldwide heaved a sigh of relief. Other cryptos, such as Ethereum, also rallied and helped increase the total market capitalization of the markets to almost $900 billion. Long-term investors remain hopeful about crypto.
The rally was a positive sign after a volatile start to the last week of November, when BTC had almost come close to dipping below $16000. The previous two weeks had also lacked the required bullish push as investors had remained apprehensive. Analysts now hope for the present conditions to continue, and for the markets to end the year on a good note.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16,800 on November 30, 2022, with BTC/USD up by 2.58% in the last 24 hours. While BTC/USD is still trading below its 20-day EMA (17,250.96), other altcoins also witnessed bullish trends in the last 24 hours, along with BTC. The month of November of 22 will be remembered as a tumultuous one for the crypto community, with a host of incidents experts hope will be a lesson for the community in the future.