Cryptocurrency market today, November 30: Warning of sudden turn for Bitcoin

(NLDO)- Experts say that if the old scenario repeats itself, Bitcoin may only recover strongly from the first quarter of 2006.

On the evening of November 30, the cryptocurrency market recorded a slight increase. In the past 24 hours, according to data from OKX exchange, Bitcoin increased by more than 0.7%, to 91,419 USD.

Many other cryptocurrencies also increased, such as Ethereum increased nearly 1% to 3,020 USD; BNB increased more than 0.5% to 880 USD; Solana increased more than 0.4% to 137 USD. XRP alone decreased 0.6% to 2.1 USD.

While the market is recovering, Cointelegraph quoted expert Timothy Peterson's analysis that Bitcoin's prospects are still not very bright.

He said this year's performance is similar to the 2022 bear market. Bitcoin has fallen 36% from its recent peak, just when many expected the market to enter a strong bull cycle.

Bitcoin is trading at $91,419 Source: OKX

Moving into the final month of 2025, positive signals have not yet appeared. Based on tracking data, Peterson believes that the degree of similarity between the current price movement and the bottoming period in 2022 is very high: about 80% daily, nearly 98% monthly. If the old scenario repeats, Bitcoin may only recover strongly from the first quarter of 2026.

According to him, last November was among the worst months for Bitcoin since 2015. Market history also shows that when November is down, December usually follows suit, although the decline may be milder.

While Peterson's forecast is cautious, analysts say an improvement in macroeconomic sentiment could still provide a boost to the market later in the year.

Citing data from Bloomberg and JPMorgan, Kobeissi Letter said US equity funds are attracting huge amounts of capital.

Since the end of 2024, the cash flow into stocks has reached about 900 billion USD, with the last 5 months alone accounting for 450 billion USD. Meanwhile, the total capital into the remaining investment channels is only about 100 billion USD, showing that the cash flow is leaning strongly towards the stock market.

On the other hand, positive signs have emerged in the cryptocurrency market. During Thanksgiving week, Bitcoin funds added about $220 billion, while Ether funds attracted another $312 million, suggesting that institutional selling pressure may be easing.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-30-11-canh-bao-cu-ngoat-bat-ngo-voi-bitcoin-196251130202740319.htm