The price of Bitcoin has stabilized and has not reached $100,000.

Crypto.News analysts attribute the halt in Bitcoin growth to a decline in whale activity (large investors who own the majority of the tokens).

During the week of November 18-25, the market experienced a record wave of accumulation, notes Crypto.News: on November 19 alone, $3.9 billion worth of coins were purchased and in just one week, They withdrew 6 billion dollars from market circulation. At the same time, whale activity began to decline even earlier, when the price of Bitcoin reached its latest all-time high of $99,665.

According to the forecasts of the cryptocurrency betting site Polymarket, Bitcoin will exceed the price threshold of $100,000 at the end of November this year with a probability of 72%. 35% of the service users also believe that the currency will reach a price of 105 thousand dollars in November. In the Coinmarketcap coin community, the “bullish” trend continues: 79% of the 750 thousand respondents expect a further increase in the price of the token. .

A decline in whale market activity could make market participants fearful of missing out, leading to an increase in the coin’s value beyond $100K and increased demand among small and medium-sized Bitcoin holders. , according to Crypto.News analysts. According to experts, small investors in Bitcoin over the last week have shown much more activity than whales.

Major altcoins continue to show moderate growth. Ethereum rose in price by 5.77% per day to $3,486, Solana rose by 2.61% to $250 per coin, and Ripple price increased by 11.7% to $1.47. The total capitalization of the cryptocurrency market increased in 24 hours to 3.39 trillion dollars (1.2% more than the values ​​​​on November 24).

The CMC Crypto Fear&Greed market greed index remains at 88 points (extreme greed), which means that investors continue to overvalue assets in the market.

Bloomberg previously discovered that the American financial firm Cantor Fitzgerald, led by Howard Lutnick, considered by Donald Trump as the next Secretary of Commerce, is developing a dollar loan program guaranteed by bitcoins. At first, 2 billion dollars will be allocated for these purposes, but if the program becomes popular and the popularity of the cryptocurrency grows, the amount of funds could be expanded, writes cryptonews.