Nov. 26 at 1:35 PM
Bitcoin’s rebound stalled on Wednesday, with the token trading at
$86,961—down 0.5% over 24 hours and still 31% below its October record of
$126,273. Although BTC has recovered from last week’s dip near
$82,000, analysts say sentiment remains extremely depressed, which historically has acted as a contrarian buy signal. Some strategists argue the current pullback looks more like an opportunity than a warning.
Even so, crypto markets have been notably flat this week despite a strong 3.4% rally in the Nasdaq Composite—an unusual divergence, since tech strength and rising risk appetite typically support digital assets. Growing expectations of a Fed rate cut in December also haven’t translated into momentum for crypto, adding to investor caution.
Altcoins showed a mixed picture: XRP slipped 1.2% to
$2.17, while Ethereum rose 0.5% to
$2,910. Dogecoin gained 0.9%, though the launch of Grayscale’s new Dogecoin Trust ETF has so far provided only modest support.
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