Bitcoin, Ethereum and XRP prices are showing signs of healing as traders across regions take very different approaches to the latest price fluctuations. New market data reveals that buying and selling pressure is no longer evenly distributed throughout the day, with the United States emerging as the main source of support. At the same time, other regions are struggling to regain solid foundations.
US Traders Fuel Bitcoin, Ethereum and XRP Price Recovery
The Bitcoin market has moved Once again, new on-chain data shows a clear divide between buying and searching during global trading hours. A recent change in Business activity in the United States has had a notable impact on the broader crypto market. Ethereum and
Currently, BTC price is above $90,000 after falling below $87,000 earlier in the week. Ethereum also has reclaimed the $3,000 level and now regularly trades above this level. XRP recorded the most weekly increase between the two, jumping around 14% according to CoinMarketCap, with its price currently around $2.18. Although these cryptocurrencies have not yet regained all the lost ground, the resumption of purchases from American traders helped to ease the bearish momentum that dominated the previous weeks.
Sharing a new chart based on Velo sessions, market analyst Ted Pillows disclosed that the United States has re-emerged as a net buyer of Bitcoin. At the same time, Asia remains the main source of selling pressure throughout the year. This regional imbalance has reshaped the latest price movements of Ethereum and XRP, which tend to follow Bitcoin’s upward trajectory.
Velo’s latest figures support this view. Velo Bitcoin Session Chart watch that US trading hours, which were in negative territory earlier in the week, have gradually moved into positive territory from November 24 to date. The blue line representing US hours rose from just over 2% to 3.73% on November 24 before reaching 7.55% on November 26. This reflects a gain of more than 4% over the period, confirming a strong resurgence in demand from American traders.
Europe remains uneven as Asia leads Bitcoin sales
Trading hours in Europe, highlighted by the purple line, have been more uneven than in the United States. Europe rose to 1.67% on November 24 and briefly rose to 3.31% later in the day. This rise comes after the cumulative weekly return fell into negative territory from November 21 and, although a slight recovery followed, it still ended the week below the flat line. This suggests that despite weak purchasing dynamics, Europe may no longer meet expectations. strong selling pressure seen earlier.
On the other hand, Asia continues to lag behind both regions. Velo’s chart shows that the APAC negotiation sessionrepresented by the yellow line, started in slightly positive territory around November 20 but turned negative shortly after. For most of the week, regions remained between -5% and -7%. This continued weakness signals the continuation of a year-long trend in which Asian hours have been the primary driver of Bitcoin’s selling pressure.
Featured image from Unsplash, chart from TradingView
Editorial process as Bitcoinist focuses on providing thoroughly researched, accurate and unbiased content. We follow strict sourcing standards and every page undergoes careful review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance and value of our content to our readers.
