Crypto Markets Showing Mild Signs of Recovery, BTC Stalls At $7,200

Monday, Nov. 25 - Cryptocurrency markets are showing mild signs of recovery, while Bitcoin is fighting to stay above the $7,100 price mark.

Bitcoin started the day just above the $7,100 price mark, at which point the world's largest crypto coin bounced off a local low of $6,560, before moving up again to its current trading price near $7,150.

After a tumultuous 24 hours, BTC is showing a minor gain of just under 1% on the day.

BTC is down around 12% from the weekly open of $8,100, while, over the month, investors have lost around $1,800 per coin.

Bitcoin could spend months trading at $5,500Commodities trader and technician Peter Brandt recently revealed his belief that BTC could spend months trading at $5,500 before it recovers.

Well-known statistician and analyst Willy Woo, together with crypto trader Tone Vays, echoed similar sentiments when they said that the threat still remains that Bitcoin will hit $4,500.

Ether saw a painful drop in sync with BTC during recent days.

Ether is showing a mild gain of around 0.7% on the day.

XRP, the third-largest coin by market capitalization, continues to lose ground and currently sits at $0.220 per coin, showing a loss of more than 3% at press time.

Mixed signals among the top 20Many of the top 20 coins are showing mild signs of recovery, with Cosmos taking the lead, up more than 4% on the day.