Bitcoin Price Analysis on November 26: the High Volatility and Price Growth

At the beginning of the day, sellers exerted intense pressure and were able to lower the price significantly. As a result, we saw an update of the local minimum at around $6,515. But by the day end, the bulls squeezed out the sellers and were able to regain the lost position. As a result, yesterday's volatility was $900, or 13%.

Yesterday's growth of bitcoin changed the direction of many indicators - now they are aimed at growth after a reversal. Also, the chart is fixed on the moving average Bollinger, which is also a positive signal. However, it is too early to talk about new growth, as these are only the first signs, and it is necessary to wait for time.

Bitcoin Price Analysis and Market Capitalization Dynamics

Total market capitalization increased by $13 billion and approached $200 billion. Trading volume, on the contrary, showed a decline, dropping from $111 billion to $94 billion. The dominance of bitcoin has not changed and amounts to 66.3%.

As a result of this, the vast majority of coins showed growth relative to the dollar. And Storeum becomes the leader for the second day in a row: this time its growth was 350% with a volume of $40,000, which confirms our guesses about manipulating the price of this coin.

In second place is Fusion, which has grown more than two times a day. It allowed the coin not only to enter the Top-100 but also immediately take 79th place with a capitalization of $ 52 million. Recall that this project switched to its blockchain chain on the last week.

Yesterday, only ten coins showed negative dynamics, and Molecular Future became the leader among them, having lost a little more than 8%.

Blockchain and AI Investment Fund in the EU

Also, yesterday, it became known that the EU is launching an investment fund to finance projects based on blockchain and AI. The European Investment Fund (EIF) and the European Commission have launched a new $400 million fund to ensure that the EU keeps up with the US and China in the development of blockchain and artificial intelligence (AI).