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Bitcoin holds $57K amid warning weak hands could fuel a fresh BTC price dip
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Bitcoin (BTC) showed signs of strength into the Wall Street open on Nov. 29 as macro markets shed some of last week’s fear.
Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD holding $57,000 as trading began Nov. 29.
Despite a weak start in Asia, U.S. markets were in the mood for making amends after Nov. 26’s rout, the S&P 500 making up some of its 2.3% losses.
Bitcoin joined the improved mood, overnight performance at one point topping 7% to see local highs of $58,300.
Sentiment reflected the changes, with the Crypto Fear & Greed Index rising from 21/100 to 33/100 — “extreme fear” to “fear" — after hitting its lowest since September.
“The market is bouncing,” Cointelegraph contributor Michaël van de Poppe summarized.
BTC
Read more on cointelegraph.comAbout this in other media
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