Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday

Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today's session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200.

Timeline of Bitcoin, Ethereum

Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system. According to Binance, this feature will increase transparency for user's funds.

After struggling to surpass $20,000 since September, Bitcoin price holds support at $16.5K following the collapse of FTX crypto exchange. The crypto market seems to slowly decouple from the U.S. stock market as crypto price remains under pressure.

Belgium's regulator stated that crypto assets like bitcoin and ether do not fall under regulations for securities, since they have no issuer. The post Bitcoin and ether are not securities, Belgian financial regulator says appeared first on The Block.

The crypto market is going through carnage since last year but among this bearish market one bull is keeping the market on good terms and that is Michael Saylor and his MicroStrategy.

The co-founder and chief executive of on-chain data analytics firm CryptoQuant is revealing that a stash of seven-year-old Bitcoin (BTC) linked to the hacking of the Mt. Gox exchange in 2014 is on the move.

Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. The post Binance releases proof-of-reserves system, starting with bitcoin appeared first on The Block.

Belgium's Financial Services and Markets Authority declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. The post Belgium says Bitcoin, Ethereum are not securities appeared first on CryptoSlate.

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, must hold above a key price level before its price can potentially move over the $1,500 mark, according to a popular analyst. What happened: According to crypto trader Michaël van de Poppe, Ethereum's price must sustain above $1,150 if it is to surge to $1,330 and then $1,550 in the near future.

Ethereum (ETH) is falling as it corrects upward. The price of the largest altcoin is hovering between $1,071 and $1,350. The upward correction reached a high of $1,216 yesterday, but it was discarded again.

Much similar to Bitcoin, the Ethereum price also staged a notable recovery from the local lows of around $1150. The price climbed high beyond $1200 and managed to sustain above 100-day MA.