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Over the past 24 hours, Bitcoin has gained 1.5% in price and is trading at around $16,600. But if we look at the situation on a weekly basis, then the flagship crypto asset is in the red. As for Ethereum, on Thanksgiving Day the coin went up by 4%, reaching the level of $1200.
If we talk about the cryptocurrency market as a whole, then on November 24 its capitalization increased by $12 billion. However, this figure is still far from the historical extreme, formed at around $3 trillion about a year ago. The coins of Solana, Curve, Huobi and Chainlink demonstrated a confident bullish momentum.
Curve added 8.9% during the day. It is likely that this dynamic is related to the disclosure of information regarding the launch of a stablecoin. As for the native coin Huobi, it rose in price by 7.8%. It is quite possible that this is due to the fact that the coin was recently listed on the Bitfinex exchange.
Finally, Chainlink added 7% as the company announced the launch of its own betting service. Tentatively, the system will start functioning in December of this year.
Earlier, the editors of Crypto.ru informed: experts shared their opinion on whether the affected FTX investors will be able to return their funds. BestChange.ru Senior Analyst Nikita Zuborev believes that given the specifics of the cryptocurrency industry, one should not count on the fact that some regulator will intervene, and investors will be able to return all the lost funds.
FTX management has already presented a list of the 50 largest creditors who have lost about $3 in total. According to the expert, the number of applications may exceed 1 million. Nikita Zuborev stressed that retail investors are unlikely to be able to fully recover their losses.
#Bitcoin #Ether #Modest #Thanksgiving #Gains