Cryptocurrency News

Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK



 

US500
+0.74%

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BTC/USD
+0.69%

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ETH/USD
+0.94%

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BNB/USD
+5.94%

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LINK/BTC
-5.03%

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USDT/…
-0.02%

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ADA/USD
+0.78%

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XRP/USD
-1.18%

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DOGE/USD
-4.03%

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SOL/USD
-5.93%

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The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the U.S. Dollar Index has started to turn down.

Cryptocurrency investors have not parted with their Bitcoin holdings, even after the 125% rally in 2023, indicating their long-term bullish view. Reflexivity co-founder William Clemente posted a chart sourced from Glassnode to X (formerly Twitter), which showed that 70% of Bitcoin in circulation has not been sold or transferred in the past year.

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