Crypto Price Today (Nov 30, 2024): Bitcoin Drops from $98k
Today’s cryptocurrency market is witnessing significant changes in market capitalization and trading volume dynamics. The market capitalization of the industry continued to climb by 3.85%, reaching a peak of US$3.41 trillion, while the intraday transaction volume fell sharply by 16.67% to US$156.15 billion. As Bitcoin continues to try to get closer to the $100,000 mark, investor optimism continues to push the Fear and Greed Index towards “extreme greed” levels.
Bitcoin holds ground amid ETF inflows
Despite multiple pullbacks, Bitcoin has bucked the trend. BTC price is up 0.94% in the past 24 hours to $97,182.63 at press time, following yesterday’s US trading session falling from $82,000 levels. As a result of the above figures, its market capitalization has increased by 0.88% since yesterday to reach $1.92 trillion.
As the market makes positive progress, institutional interest in Bitcoin remains strong, as evidenced by the net inflow of 415 BTC worth $40.83 million into Bitcoin ETFs on November 29. The development highlights institutional players’ growing confidence in Bitcoin’s long-term potential. With ETF inflows rising steadily, investors are considering the possibility of institutions pushing BTC to $100,000.
Curious about the price of Bitcoin in 2025? read our Bitcoin (BTC) Price Prediction Potential price target!
Altcoins witness different trends
The price of Ethereum is showing strong momentum, rising 3.22% to $3,692.72 at press time, supported by an ETF inflow of 10,500 ETH worth $37.85 million. Solana and XRP also gained 1.13% and 20.66% respectively, indicating strong performance among major altcoins.
Interested in year-end price targets for ETH? read our Ethereum Price Prediction Get all the details.
Major movers and losers in the market
Core was the biggest gainer among the top 100, rising 29.83% to $1.43. Ethereum Name Service (ENS) followed with a price increase of 25.70% to $42.97, and Algorand price increased by 25.43% to $0.4179. In terms of losses, Mantra fell 4.18% to $3.44, while Raydium and Akash Network posted nominal losses of 2.48% and 2.07% respectively.
Cryptocurrency markets remain dynamic, with institutional inflows and price gains fostering bullish sentiment. Subscribe to us to stay updated with the latest insights on cryptocurrency price movements and trends.
