It was as if someone whispered sweet nothings into the heart of the market, only to abruptly shush it with the silence of resistance. Bitcoin‘s valorous attempt to conquer $93,000 on a quiet Friday ended almost as if fate had stepped in with a stern glance, nudging it gently down by three thousand a couple of times its weight. How troublesome!
The larger-cap alts, those ever-present spectators, also bore witness to their own red-letter days, with PUMP, SOL, and ADA experiencing nothing short of a dramatic diminuendo. Indeed, they seemed to dance out of step with BTC‘s rather harrowing pirouette.
BTC’s Attempt at Nobility
On November 21st, the melancholy depths took BTC below the stratosphere of $82,000-a figure as distant and invisible to it as April itself. Such a precipitous drop of $25,000 in a mere ten days could make the stoutest of hearts tremble!
But as in the finest Russian tales, the bulls grew weary of the lamentable scene and rallied to support what remained of the $80,000 bastion. Within the span of a pair of days, BTC found solace around $84,000, emboldened enough to take on the $88,000 resistance on occasion. After several tentative advances and a few blushing retreats, it finally sought to scale new heights, touching $90,000 with evident reluctance. By the end of a rather convoluted week, it reached the precipice of $93,000 before toppling back down to $90,300, where it hesitantly paused, still clinging at $90,500.
The market cap loyally towered above $1.8 trillion, while its mighty dominance lingered at 57%, a figure not unlike a modest patriarch reigning supreme in an otherwise turbulent family gathering.
Woes of the Alts
The alts, following BTC like loyal footmen behind a wayward prince, also faced the gusts of misfortune. ETH teetered near the abyss of $3,000, XRP dipped below $2.40, while SOL and ADA shed 3-4% in a manner most undignified. SHIB, CC, PUMP, and HASH, meanwhile, seemed to invite ridicule with even more pronounced declines-a veritable display of ignominious capers!
The PI network’s token, its initial surge now a whisper in the winds of time, surrendered 7% in the span of a day, sinking south of $0.25, only to be outmaneuvered by M’s audacious 16% ascent, while QNT followed with a more modest 8%. The total crypto market cap, much like a guest who has overstayed in the parlor, shrank by $50 billion, settling at $3.170 trillion.
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2025-11-29 13:12