Mini Crypto Rally In a Bear Market
We classify the current move as a rebound rather than the start of a recovery because, despite the rebound, Bitcoin is still below the level it started the week at.

According to The Wall Street Journal, Binance will not invest in Genesis Trading as the cryptocurrency lending platform looks for $1 billion in urgent investment. Genesis Trading may go insolvent if no new funding is provided.
Glassnode reports that this year, miners have sold the largest quantity of bitcoins since 2016. Charles Edwards, the founder of the Capriole fund, noticed a 400% increase in miner sales during the previous three weeks. He predicts that a significant number of mining companies will go bankrupt if BTC does not increase shortly.
After FTX's demise, there has been a discernible decrease in liquidity on the cryptocurrency market, according to Kaiko. Weekly trading volumes on cryptocurrency exchanges have more than half to $100 billion.
On December 1, the US House of Representatives Agriculture Committee will host a hearing on the cryptocurrency exchange FTX and steps to lessen the effects of its collapse. Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), is anticipated to present corrective suggestions at the hearing.
Bonus rebate to help investors grow in the trading world!