Crypto News Today (Nov 29, 2024): Bitcoin at $96k
The cryptocurrency market performed smoothly today, with a 24-hour increase of 0.16%, and the total market value reached $3.31 trillion. Intraday trading volume also increased significantly, reaching $197.98 billion. With Bitcoin and major altcoins making significant progress, the Fear & Greed Index continues to indicate extreme greed with a score of 84.
Bitcoin takes market leadership
Bitcoin’s dominance over the crypto market continues at 57.04%, with its price rising by 0.78% in the past 24 hours to reach $96,272.29. Despite a significant 32.51% drop in trading volume, Bitcoin’s market capitalization has grown to $1.90 trillion, underscoring investors’ confidence amid bullish sentiment.
Explore our Bitcoin Price Prediction Get a feel for BTC’s potential moves in the coming days.
Altcoin projects vary
Ethereum price edged lower by 0.37%, changing hands at $3,578.85, while Solana and XRP showed strong growth. Solana’s projected price rose 0.87% to $240.71, while XRP surged 5.88% to $1.57 amid positive developments in Ripple’s lawsuit.
For a deeper dive into Ethereum’s future trends, explore our Ethereum Price Prediction analyze.
Biggest Gainers: Algorand Leads
Algorand outperformed the top 100, rising sharply by 17.16% to $0.3337. Other noteworthy gains include Worldcoin (up 14.27% to $2.87) and Peanut (up 11.23% to $1.24).
The Biggest Loser: The Decline of Celestia
Celestia had the biggest loss, falling 6.35% to $8.10. Fantom and Ethena followed, with losses of 4.44% and 3.65% respectively, indicating diverging market trends.
The dynamic nature of the cryptocurrency market continues to keep investors wary. With momentum driven by extreme greed, many are waiting for a potential correction or further rally in the short term.
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FAQ
At press time, the price of 1 Bitcoin (BTC) was $96,272.29.
Algorand, Worldcoin and Peanut were the top gainers, rising 17.16%, 14.27% and 11.23% respectively.
The Fear and Greed Index is 84, indicating extreme greed in the market and strong investor optimism.