The cryptocurrency market showed mixed but promising activity today, November 29, 2024, with Bitcoin (BTC) maintaining its position at $96K, indicating continued market confidence.
Meanwhile, altcoins saw varied performances, with some registering significant gains and others seeing slight declines.
Notably, XRP surged 9% following favorable fiat developments, and Algorand (ALGO) emerged as the day’s top gainer, jumping an impressive 20%.
Despite the decline in trading volumes, the total crypto market capitalization increased by 1%, which now stands at $3.32 trillion, reflecting a continued upward trend for the leading cryptocurrency.
Bitcoin (BTC) maintains momentum at $96K
Bitcoin (BTC) continues to show strength and is trading at $96,000, up 1% in the last 24 hours.
Over the past week, Bitcoin has hovered between $90K and $99K, establishing solid support at the $95K mark.
The market capitalization of BTC now stands at an impressive $1.91 trillion with a dominant market share of 57.08%.
Bitcoin’s dominance in the global market is further strengthened by a 24-hour trading volume of $50 billion.
Additionally, as Bitcoin adoption continues to expand globally, Switzerland’s Canton of Bern has passed a bill to address the environmental impact of Bitcoin mining, as a step to further support the crypto-friendly region. Is seen.
Ethereum (ETH) and Solana (SOL) saw slight gains
Ethereum (ETH) has seen a slight decline of 1% and is trading at $3,583.
Despite the decline, Ethereum has retained its position as the second-largest cryptocurrency by market capitalization with a market cap of $431 billion.
Ethereum has a trading volume of $31 billion, and its dominance is 12.9%.
Analysts predict that the price of Ethereum could rise to $4,000, especially if the price of Bitcoin continues to strengthen or move higher.
On the other hand, Solana (SOL) is now trading at $241, up 1%.
With a market cap of $115 billion, Solana ranks as the fourth-largest cryptocurrency, having made notable progress in expanding its user base and solidifying its position in the competitive crypto landscape.
XRP rises 9% amid legal victory
XRP is in the lead today with a 9% jump, trading at $1.65.
This increase is attributed to positive legal news related to the ongoing Ripple lawsuit.
The US court’s decision to expedite the case process has raised hopes of a favorable outcome for XRP holders.
XRP’s market capitalization is now $89 billion, with a trading volume of $6 billion.
As the sixth-largest cryptocurrency globally, XRP continues to attract attention, with many analysts predicting a surge if the court ruling goes in its favor.
Algorand (ALGO) is in the lead with a gain of 20%
Algorand (ALGO) has emerged as the top performer in today’s market with a 20% gain in the last 24 hours.
After rising from a low of $0.28 to a high of $0.35, ALGO is now trading at $0.35.
The substantial growth has propelled Algorand to the forefront, and analysts are keeping a close eye on the asset for continued growth.
Source: coinmarketcap
Meme coins show resilience
Meme coins including Dogecoin (DOGE) and Shiba Inu (SHIB) have also shown modest gains.
DOGE is trading up 1% at $0.40, while SHIB is up 2% at $0.00002589.
Bitcoin’s price movements as well as the resurgence of meme coins have sparked renewed interest, with investors keeping a close eye on their performance.
The overall market remains positive, with many altcoins showing bullish signs.
WorldCoin (WLD) is up 15% and trades at $2.80, indicating the potential for continued upside. But
On the downside, Athena (ENA) and Fantom (FTM) are down 5% each, trading at $0.71 and $0.102 respectively.
Despite a 24% decline in total trading volume to $153 billion, the 1% growth of market capitalization signals optimism.
Post Crypto Market Snapshot November 29: BTC at $96K, XRP up 9%; XLM, ALGO rise first appeared on Invez
