Bitcoin, Ether, and Major Altcoins: Weekly Market Update - November 15, 2021
This week’s economic events – consumer confidence, inflation, and job market updates – sparked major moves in Bitcoin, Ethereum, and altcoins. Were your strategies successful?
The value of the total crypto market topped above $3 trillion this week with Bitcoin reaching $, and Ethereum going over the $4800 mark. Prices rose after the US Bureau of... (Details omitted for brevity. Refer to market analysis for specific figures).
Bitcoin (BTC) Struggles to Break Resistance
Bitcoin, BTC to USD, rose by 3.47% in the week ending 14th November. Following a 3.16% gain from the week prior, Bitcoin ended the week at $.0. A bullish scenario suggests Bitcoin (BTC) could break above $64K resistance as analysts expect a bullish November for cryptocurrencies. BTC has lagged behind several altcoins such as ether (ETH) and Solana (SOL) this week.
Ethereum (ETH) & Altcoin Surge
Altcoin king Ethereum ($ETH) is also making waves, crossing $3,600 for the first time in five months. This 15% increase over the past week has renewed optimism among investors. Explore Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. View a historical snapshot of all active cryptocurrencies on... (Platform name omitted for discretion).
Year to date, however, ether and other major altcoins – with the exception of XRP – are still deep in the red compared to bitcoin. While the flagship crypto is up 11%, ether and other leading altcoins are showing varied performance. Detailed charts and analysis are available to subscribers.
Disclaimer: Cryptocurrency investments are volatile. This is not financial advice. Do your own research before investing.