Sirwin
Sirwin

Crypto Market on Fire: Is It Time to Buy?

By Cryptofab | Cointune | 8 Nov 2023


I recently read a very interesting analysis about the crypto market:

  • Cryptocurrency prices soared in October 2023, with Bitcoin leading the way with a 28% gain. Other top performers included SOL (78% gain) and LINK (45% gain).
  • The surge is being fueled by optimism surrounding spot Bitcoin ETFs, which are expected to make it easier for investors to buy and sell Bitcoin. It's also being driven by the growing adoption of cryptocurrencies by major institutions and retail investors.
  • However, looking at the past years, there are potential glitches to consider in November:

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As you can see above, the only year where crypto market cap increased in November was in 2020. So, will November 2023 look like November 2020, or will it look like November 2019 which was a pre-halving year like 2023?

Disclaimer: If you're considering investing in cryptocurrencies, do your research and proceed with caution. Only invest what you can afford to lose, and be prepared for the possibility of losses.

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Cryptofab
Cryptofab

Studying Bitcoin, Alts & Arts.


Cointune
Cointune

Crypto, DeFi and passive income.

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