Bitcoin defies Black Monday fears, shows signs of November 2024’s rally

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Bitcoin held firm despite Black Monday fears, as concerns over a potential U.S. stock market crash driven by an AI bubble intensified on social media. Historically, November has been the most bullish month for Bitcoin, with average returns exceeding 40 percent. In November 2024, BTC rallied more than 30 percent after the U.S. presidential election, and the cryptocurrency gained over 0.8 percent intraday despite Black Monday panic. Bitcoin dominance is now approaching the 61 percent resistance level, and the Fear and Greed Index recovered over 11 percent in 24 hours, signaling a return of risk appetite.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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