BTC, ETH, SOL, XRP Price News: Can Bitcoin Get a Bullish November?
Major cryptocurrencies dropped following the Fed's cautious tone, but historical data suggests Bitcoin might see a bullish November.Summary
Bitcoin started November under pressure, falling below $105,000 after its worst October in a decade, with Ether, Solana, and XRP also seeing significant drops of 5% to 10%. This broad decline wiped $100 billion from the total crypto market cap, attributed to risk aversion following Federal Reserve Chair Jerome Powell's restrained comments suggesting a December rate cut is not guaranteed. Analysts suggest the market is testing local support, but some see the pullback as a healthy consolidation within a broader uptrend, noting that long-term holders are still accumulating and ETF flows are steady. Historically, November has been a strong month for Bitcoin, and whether this trend continues depends on renewed trader conviction and the market's interpretation of the Fed's stance, despite broader risk aversion seen in equities and commodities.
(Source：CoinDesk)