Announcements Gate Research: Bitcoin Drops Over 5% from Recent High; Ethereum Shows Strength, MicroStrategy Acquires Another 55,500 Bitcoins

Gate Research: Bitcoin Drops Over 5% from Recent High; Ethereum Shows Strength, MicroStrategy Acquires Another 55,500 Bitcoins

2024-11-26 09:18:49 UTC 738 Read

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**Gate Research Daily Report(November 26): **On November 26, BTC experienced a noticeable pullback from its recent highs, briefly falling below $92,000 and recording a 24-hour decline of 4.98%. ETH demonstrated strong performance, repeatedly testing the upper resistance level of $3,500, with a 24-hour gain of 1.60%. PUFFER surged with a single-day increase of over 37%. The supply of USDT on the Ethereum network surpassed that of the Tron network, marking the first time since June 2022. The UK Financial Conduct Authority (FCA) plans to implement a cryptocurrency regulatory framework by 2026. MicroStrategy invested $5.4 billion to acquire an additional 55,500 BTC, bringing its total holdings to over 380,000 BTC. Meanwhile, the Avalanche 9000 testnet launched, offering developers a $40 million incentive program.

**Market Analysis**: BTC experienced a significant pullback from its recent highs, briefly dropping below $92,000, marking a 24-hour decline of 4.98%.
**Top Performers**: PUFFER led the altcoin sector with a single-day increase of over 37%.
**Data Highlights**: Taiko's Total Value Locked (TVL) surpassed $370 million, setting a new all-time high.
**Spotlight Analysis**: MicroStrategy invested $5.4 billion to acquire an additional 55,500 BTC, bringing its total holdings to over 380,000 BTC.
**Market Opportunities**: WORLD3, an AI-powered multichain metaverse connecting Bitcoin with Turing-complete blockchains, has launched an event where players can earn points and USDC through a mining mini-game.
Explore today's details 👉🏻 Gate Research: Bitcoin Drops Over 5% from Recent High; Ethereum Shows Strength, MicroStrategy Acquires Another 55,500 Bitcoins

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Gate.io Team
Nov 26th, 2024

Gate Research: Bitcoin Drops Over 5% from Recent High; Ethereum Shows Strength, MicroStrategy Acquires Another 55,500 Bitcoins

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