Weekly comment 18.11-22.11.2024

Monday, November 18
The week began with Bitcoin reaching an all-time high of over $98,000, fueled by institutional interest and robust trading volumes in the “Bitcoin Industrial Complex.” Ethereum also showed resilience, trading above $3,000 as its ecosystem saw rising DApp usage. Equity markets in the U.S. opened cautiously, with investors eyeing Federal Reserve policies amidst mixed economic data​

 

Tuesday, November 19
Crypto markets faced a mix of optimism and caution. While Bitcoin rallied closer to $100,000, analysts warned of a potential 40% correction due to market overextensions. Ethereum lagged slightly, struggling with concerns over competition from independent appchains. U.S. equity markets showed modest gains, supported by tech-sector strength​

 

Wednesday, November 20
Global markets saw divergent trends. Asian equities gained on positive trade data from China, while European stocks dipped slightly amid concerns over inflation. Bitcoin edged higher, driven by optimism around institutional participation. Solana reached record transaction volumes, but skepticism emerged about the sustainability of this activity​

 

Thursday, November 21
U.S. markets experienced a tech-led rally, with the Nasdaq outperforming as major tech firms posted better-than-expected earnings. Crypto markets saw consolidation, with Bitcoin stabilizing near $96,000. Cardano and other altcoins underperformed, weighed down by technical challenges​

 

Friday, November 22
The week concluded with positive labor market data in the U.S., boosting equity sentiment. Bitcoin hovered near $97,000, and speculation about a $100K breakout remained high. Ethereum saw renewed interest as Layer 2 adoption increased. Asian markets ended on a high note, supported by Japan’s economic stimulus