Cryptocurrency Price Today (November 28): Bitcoin Recovers, Rises Above $95,000
Cryptocurrency price on November 28 quick take: The global market cap rose to $3.32 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to recover from its downward trend and climbed above the $95,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens as the overall Market Fear & Greed Index stood at 84 (Extreme Greed) out of 100, as per CoinMarketCap data. The Ethereum Name Service (ENS) token became the top gainer, with a 24-hour jump of over 36 percent. Mantra (OM) was the biggest loser today, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $3.32 trillion at the time of writing, registering a 24-hour dip of 3.90 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $95,493.45, registering a 24-hour jump of 2.95 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 82.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,391.66, marking a 24-hour gain of 5.26 percent at the time of writing. Ethereum price in India stood at Rs 2.86 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 4.22 percent, as per CoinMarketCap data, currently priced at $0.4095. Dogecoin price in India stood at Rs 36.16.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.15 percent. At the time of writing, it was trading at $96.64. LTC price in India stood at Rs 8,205.62.
Ripple (XRP) Price Today
XRP price stood at $1.47, seeing a 24-hour jump of 7 percent. Ripple price in India stood at Rs 126.50.
Solana (SOL) Price Today
Solana price stood at $238.54, marking a 24-hour gain of 3.83 percent. SOL price in India stood at Rs 21,399.48.
Top Crypto Gainers Today (November 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Name Service (ENS)
Price: $34.12
24-hour gain: 36.41 percent
Ethena (ENA)
Price: $0.7455
24-hour gain: 21.15 percent
Stellar (XLM)
Price: $0.4881
24-hour gain: 12.48 percent
Pyth Network (PYTH)
Price: $0.4735
24-hour gain: 11.85 percent
Render (RENDER)
Price: $8.28
24-hour gain: 11.74 percent
Top Crypto Losers Today (November 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mantra (OM)
Price: $3.46
24-hour loss: 5.25 percent
Algorand (ALGO)
Price: $0.286
24-hour loss: 2.04 percent
Lido DAO (LDO)
Price: $1.73
24-hour loss: 0.72 percent
Raydium (RAY)
Price: $5.44
24-hour loss: 0.54 percent
Fantom (FTM)
Price: $1.08
24-hour loss: 0.31 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin bounces back toward $100K, fueled by reports of Trump considering ex-CFTC Chair Chris Giancarlo as the first 'Crypto Czar' to oversee the crypto policies. The Fed’s minutes hinting at “gradual rate cuts” showing a positive economic outlook further lifted the market sentiment taking BTC to $97,300. At this pace, BTC faces resistance at $99,300 with support at $93,400.”
CoinSwitch Markets Desk noted, “After 4 days of downward price action after posting the all time high near 100k, BTC bulls recovered to gain close to 5% yesterday even as the risk sentiment in the global community remains a bit high primarily due to a rising chance of Bank of Japan hiking its interest rates in December. The last time BoJ raised interest rates, BTC prices crashed below 50k USD in August this year.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is showing new strength, rallying up to around $96,457 on positive U.S. inflation data and a potential Federal Reserve rate cut. Traders are bullish, and even technicals such as MACD (moving average convergence divergence) are indicating that Bitcoin could go all the way to $100,000. Sell walls and market volatility are still problems, but the overall positive sentiment remains, supported by strong order book liquidity.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The daily chart shows strong bullish momentum for Bitcoin, although recent price action has corrected after failing to reach $100,000. The $90,000 support level remains intact and the RSI is no longer signaling overbought conditions, suggesting limited downside. The 4-hour chart shows a breakout from the ascending channel, a potential reversal, but with the overall market still bullish, Bitcoin could quickly return to this pattern and push towards $100,000. However, a drop below $90,000 could signal a deeper correction. Chain data shows long-term holder SOPR is trending higher, suggesting profit-taking, but not yet signaling a significant selloff.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin’s market over the last 24 hours has shown a significant upward trend, with prices climbing nearly 4% to around $95,202. This rebound comes after a slight decrease earlier in the week, with investors stepping in to support the market due to U.S. economic data that aligned with expectations, increasing optimism for potential Federal Reserve interest rate reduction. Investors are growing optimistic about Bitcoin’s trajectory, with some predicting it could reach the desired $100,000 mark soon. Market participants believe that Bitcoin’s ongoing consolidation could lead to more profits in the next few weeks.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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