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Weekend rally boosts Bitcoin, altcoins face heavy losses – TON BOT

Weekend rally boosts Bitcoin, altcoins face heavy losses

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Bitcoin rebounded over the weekend after significant losses during the week, driven by factors such as thin market liquidity, CME futures gaps, and geopolitical developments. Altcoins like Hyperliquid and Zcash also saw losses. Weekend trading volumes are lower due to closed Wall Street ETFs, leading to increased volatility and price impact. Talks on Ukraine peace and upcoming US rate decisions influenced market sentiment. Bitcoin faces challenges in breaching key resistance levels, with reduced trading volumes expected during the Thanksgiving holiday week.

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