Cryptocurrency market today, November 19: Investors are nervous

(NLDO) - Some forecasts show that Bitcoin has only a 30% chance of surpassing $100,000 by the end of 2025, while it has a 50% chance of falling below $90,000.

The cryptocurrency market fluctuated slightly on the evening of November 19. Data from OKX showed that in the past 24 hours, Bitcoin increased by 0.07% to $91,320.

Other cryptocurrencies like Ethereum inched up 0.6% to $3,050, while BNB fell to $914, Solana lost more than 1% to $136 and XRP fell nearly 3% to $2.1.

According to The Block , Bitcoin is still hovering in the fragile price range above $90,000 as retail investors sell at a loss, funds continue to withdraw capital and market sentiment is weak. Demand is thin, while short-term investors and institutions sell more.

In contrast, long-term holders rushed to collect Bitcoin. Nearly 32,000 Bitcoins were transferred to the exchange at a loss, while the number of large wallets increased the most in four months.

Bitcoin is trading at $91,320 Source: OKX

In one day alone, Bitcoin funds in the US suffered withdrawals of about $370 million, the largest amount ever for the largest fund since its inception. Ethereum and Solana-related funds also fluctuated in opposite directions, showing that large cash flows have not returned.

In terms of macroeconomics , the Fed’s unclear signal of interest rate cuts makes the market more sensitive. Just a single unexpected information can cause strong price fluctuations, reflecting investors’ defensive psychology.

Some forecasts put the likelihood of Bitcoin surpassing $100,000 by the end of 2025 at just 30%, and a 50% chance of falling below $90,000 this year. Ethereum shares the same sentiment.

However, 21Shares believes this may just be a short-term correction. Selling pressure from long-term holders has decreased and assets are moving to more patient investors. This unit believes that global liquidity may improve, helping institutional cash flow return.

According to 21Shares, the $98,000-$100,000 zone is strong resistance, while $85,000 is important support. If it holds and recovers above $100,000, Bitcoin's long-term uptrend could resume.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-19-11-nha-dau-tu-dang-thap-thom-196251119213626952.htm