🟡🙂 Market Analysis: 28-11-12
Bitcoin is staging a spirited recovery, clawing back above the $90,000 mark amid renewed risk appetite and cautious optimism on Wall Street. Yet, beneath that gleaming surface, dark currents persist: BlackRock's flagship Bitcoin ETF is witnessing record outflows, as investors rethink exposures and some rotate toward altcoins like XRP and Solana, which are drawing robust ETF inflows. Meanwhile, macro signals remain mixed, with new inflation data testing market nerves and prompting reassessment of rate-cut narratives that have fueled both crypto and equity rallies in recent weeks.
For the near term, the crypto landscape feels like a tightrope walk above uncertain ground. While signs of resilience are emerging – especially in selective altcoin pockets – persistent selling pressure around Bitcoin, ETF outflows, and macro volatility point to a market in flux more than full recovery. Short-term traders may find opportunity on volatility, but institutions and long-term investors are still weighing the risks as policy and inflation lurch from one headline to the next. The magnetism of crypto remains, but the path forward is littered with caution tape.
- Bitcoin price rebounds above $90,000 but ETF outflows hit a record pace
- Altcoins XRP, Solana see inflows and bullish ETF momentum
- Inflation data and macro jitters create a volatile backdrop for risk assets