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ETH, ADA, SOL Steady as Timezone Data Shows Europe Drove Deepest Bitcoin Selloff Since 2018
Source: CryptoNewsNet Original Title: ETH, ADA, SOL Steady as Timezone Data Shows Europe Drove Deepest Bitcoin Selloff Since 2018 Original Link: Bitcoin hovered near $90,400 on Tuesday as crypto markets steadied after one of the sector’s ugliest November performances since 2018, even as new data showed Europe led the month’s sell pressure by a wide margin.
BTC rose 1% over the past 24 hours while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB gained nearly 1%, SOL slipped 0.6% and XRP edged lower. The broader market held its recent rebound, though liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
Fresh timezone-segmented data from Presto Research showed Europe was the primary driver of November’s 20-25% drawdowns across BTC and ETH, with average session returns turning deeply negative throughout the month. Asia and the US sessions, by contrast, were largely flat, indicative of how regional flows diverged as crypto de-leveraged.