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Cryptocurrency3 hours ago (Nov 28, 2021 10:20AM ET)

BAT price hits new high after 30% daily rally as Basic Attention Token bucks crypto downtrend

Basic Attention Token (BAT (LON:)) rallied to a new record high on Nov. 26, even as global markets plunged in tandem on fears of a highly mutated variant of COVID-19 detected in South Africa.

BAT’s price surged over 30% to reach $1.88 for the first time, with its market capitalization rising to $2.74 billion. Its climb appeared in contrast to the cryptocurrency market, which lost nearly $283 billion in the same period.

BAT market capitalization. Source: CoinMarketCap
BAT’s correlation efficient against top crypto assets. Source: Cryptowatch
three-day price chart featuring cup-and-handle and ascending triangle setups. Source: TradingView
BAT/USD three-day price chart featuring ascending triangle breakout target. Source: TradingView

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