Cryptocurrencies Price Prediction: Bitcoin, Fantom & Crypto – European Wrap 28 November
Bitcoin Price Forecast: FUD in the market as Thanksgiving approaches
Bitcoin (BTC) price declines and falls below the $95,000 level on Thursday. After recovering from a pullback earlier this week, investors are wary of a repeat of the 2020 “Thanksgiving Massacre,” which saw a sudden 17% drop. Yet, optimism persists as reports suggest the bull market remains intact, projecting a potential target of $146K while indicating BTC is not overvalued.
Fantom bulls eye yearly high as BTC rebounds
Fantom (FTM) continued its rally and rallied 8% until Thursday, trading above $1.09 after 43% gains in the previous week. Like FTM, most altcoins have continued the rally as Bitcoin (BTC) recovers from its recent pullback this week.
On-chain data further support the bullish outlook as FTM’s daily trading volume and Open Interest (OI) reach record levels, indicating the continuation of the rally.
Trump may shift crypto oversight to CFTC
The incoming Donald Trump administration may shift crypto regulation from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), according to sources cited by Fox Business. This move could expand the CFTC’s authority over the $3 trillion digital asset market while reducing the SEC’s role.
Author
FXStreet Team
FXStreet
