Gate Research Daily Report(November 26): On November 26, BTC experienced a noticeable pullback from its recent highs, briefly falling below $92,000 and recording a 24-hour decline of 4.98%. ETH demonstrated strong performance, repeatedly testing the upper resistance level of $3,500, with a 24-hour gain of 1.60%. PUFFER surged with a single-day increase of over 37%. The supply of USDT on the Ethereum network surpassed that of the Tron network, marking the first time since June 2022. The UK Financial Conduct Authority (FCA) plans to implement a cryptocurrency regulatory framework by 2026. MicroStrategy invested $5.4 billion to acquire an additional 55,500 BTC, bringing its total holdings to over 380,000 BTC. Meanwhile, the Avalanche 9000 testnet launched, offering developers a $40 million incentive program.
Market Analysis: BTC experienced a significant pullback from its recent highs, briefly dropping below $92,000, marking a 24-hour decline of 4.98%.
Top Performers: PUFFER led the altcoin sector with a single-day increase of over 37%.
Data Highlights: Taiko's Total Value Locked (TVL) surpassed $370 million, setting a new all-time high.
Spotlight Analysis: MicroStrategy invested $5.4 billion to acquire an additional 55,500 BTC, bringing its total holdings to over 380,000 BTC.
Market Opportunities: WORLD3, an AI-powered multichain metaverse connecting Bitcoin with Turing-complete blockchains, has launched an event where players can earn points and USDC through a mining mini-game.
Explore today's details 👉🏻 Gate Research: Bitcoin Drops Over 5% from Recent High; Ethereum Shows Strength, MicroStrategy Acquires Another 55,500 Bitcoins
Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Click the Link to learn more
**Gateway to Crypto**
Trade over 2,900 cryptocurrencies safely, quickly, and easily on Gate
• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserve>>>
• Sign up to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from referrals
Gate Team
Nov 26th, 2024
