The cryptocurrency market is buzzing with significant activities today, experiencing fluctuations in market capitalization and trade volumes. The industry’s market cap has surged by 3.85%, reaching an impressive $3.41 trillion. However, the intraday trade volumes have decreased by 16.67%, settling at $156.15 billion. As Bitcoin strives to approach the $100,000 milestone, investor confidence is soaring, pushing the Fear & Greed Index into the “Extreme Greed” territory.
Bitcoin Holds Ground Amid ETF Inflows
Despite facing numerous challenges, Bitcoin continues to demonstrate resilience. After a dip from the $82,000 mark during U.S. trading hours yesterday, Bitcoin’s price has increased by 0.94% in the last 24 hours, currently standing at $97,182.63. Consequently, its market capitalization has grown by 0.88% since yesterday, reaching $1.92 trillion. The positive market trajectory has fortified institutional interest in Bitcoin, as evidenced by a substantial net inflow of 415 BTC, valued at $40.83 million, into Bitcoin ETFs on November 29. This trend underscores the increasing confidence of institutional investors in Bitcoin’s long-term prospects. With ETF inflows consistently rising, there is speculation among investors about the potential for institutional players to propel Bitcoin to the $100,000 threshold.
Are you curious about Bitcoin’s future price projections? Check out our Bitcoin (BTC) Price Prediction for potential price targets!
Altcoins Witness Varied Trends
Ethereum is displaying notable momentum, with its price climbing by 3.22% to a current value of $3,692.72, supported by ETF inflows of 10,500 ETH, worth $37.85 million. Similarly, Solana and XRP have recorded gains of 1.13% and 20.66%, respectively, reflecting strong performance among leading altcoins.
Interested in Ethereum’s price targets for the year-end? Read our Ethereum Price Prediction for all the details.
Top Movers & Losers in the Market
Among the top 100 cryptocurrencies, Core emerged as the top gainer, surging 29.83% to reach $1.43. Ethereum Name Service (ENS) followed with a 25.70% increase to $42.97, and Algorand climbed by 25.43% to $0.4179. Conversely, Mantra experienced a decline of 4.18% to $3.44, while Raydium and Akash Network recorded modest losses of 2.48% and 2.07%, respectively.
The cryptocurrency market remains dynamic, with institutional inflows and rising prices fueling bullish sentiments. Stay informed with the latest insights into crypto price movements and trends by subscribing to our updates.
