Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers.
According to Trustnodes, in November alone, finished ICO projects sold 416,000 raised ETHs, while about 3 million coins remained in their hands, which directly indicates the prospect of further sales.
We observed a similar rebound (albeit not confirmed by volumes) in November but that one was short-lived and further sale-off push the cryptocurrencies to new multi-month lows.