-11122024742.png)
-11122024742.png)
Crypto market close to a top, with the possibility of a slight decline
Crypto market close to a top, with the possibility of a slight decline
Market Picture
Over the past seven days, the cryptocurrency market has ranged between $3.26 trillion and $3.30 trillion, reaching $3.33 trillion as of writing after recovering from the lower end of the range. Among the leading cryptocurrencies over the past day are EOS (+11.7%) and Aave (+8.5%). Among the outsiders are XPR and Monero, which showed a decline of 1%.
Bitcoin rose 2% over the last day, holding the 104k as a key level. The positive factor is that sellers have not yet managed to seize control of the market. However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure near the upper boundary of the current range. In other words, the short-term outlook suggests a decline from current levels.
News Background
According to Deribit data, BTC options are balanced, while put options on Ethereum have a slight bias.
According to TradingView, bitcoin miners have almost stopped selling their holdings of the first cryptocurrency in recent weeks, preferring to accumulate coins on their balance sheet. This shift from selling to hoarding could be an important factor for the cryptocurrency market.
According to Dune, a week after the major Pectra upgrade was implemented, the number of smart account authorisations for EIP-7702 exceeded 11,000. This indicates high interest in the new features from exchanges, wallets, and decentralised apps.
By the FxPro Analyst Team
Scam Alert? 3 Broker Red Flags to Check in 60 Seconds
USD/JPY Climbs to Fresh Nine-Month High
Markets Calm as Shutdown Nears End | 11th November 2025
Gold’s Back in Charge: XAUUSD Reversal Sets Stage for a Rally
EBC Markets Briefing | FTSE 100 breaks record; bullion hits 2-week high
ATFX Market Outlook 11th November 2025
Investors cheer potential end to US government shutdown
