Cryptocurrency Market Update: Bitcoin and Ethereum Take a Bearish Turn, Cortex Surges Bullish
/ Stay informed on the cryptocurrency market today: Bitcoin and Ethereum face bearish trends, while Cortex surges with a bullish +33.67% gain.
Author: Nilesh Hembade.
Date: 28 Nov 2023, 11:12 AM IST
The cryptocurrency market witnessed a shift in momentum today as major players, Bitcoin and Ethereum, turned bearish. However, amidst the downturn, Cortex (CTXC) emerged as a bullish outlier, making significant gains.
Bitcoin (BTC): Bitcoin, the pioneer cryptocurrency, experienced a slight dip of 0.14%, bringing its current price to $36,930 over the last 24 hours. Despite a market cap of $722 billion, BTC has seen a decline of approximately -1.26% over the past week, reflecting the current bearish sentiment in the market.
Ethereum (ETH): Similarly, Ethereum, the second-largest cryptocurrency, recorded a drop of -2.05%, settling at $2,007.0 in the last 24 hours. With a market cap of $241 billion, ETH has seen a decline of -0.36% over the past week. The bearish trend in both Bitcoin and Ethereum indicates a broader market shift after recent weeks of notable gains.
Cortex (CTXC): In contrast to the overall market sentiment, Cortex (CTXC) stands out as a bullish performer today. The CTXC token witnessed a remarkable surge of +33.67%, reaching $0.4726 in the last 24 hours. With a market cap of $100 million, Cortex has seen an impressive uptick of around +153.0% over the past week, showcasing a strong bullish momentum.
Conclusion: The cryptocurrency market, which reached yearly highs just last week, is currently experiencing a bearish phase with Bitcoin and Ethereum showing signs of decline. However, the standout performance of Cortex indicates that amidst the fluctuations, there are opportunities for bullish movements in certain altcoins.
About Author
Nilesh Hembade, founder of Coinsprobe, brings four years of expertise to the dynamic crypto arena. A certified from Binance Academy Course, his insightful analysis delves into blockchain, investment strategies, and market trends, providing valuable perspectives.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.