Cryptocurrency Price Today (November 29): Bitcoin Rises Above $96,000, ALGO Becomes Biggest Gainer
Cryptocurrency price on November 28 quick take: The global market cap rose to $3.34 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued on its upward trend and rose above the $96,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor dips ang gains as the overall Market Fear & Greed Index stood at 83 (Extreme Greed) out of 100, as per CoinMarketCap data. The Algorand (ALGO) token became the top gainer, with a 24-hour jump of over 20 percent. Fantom (FTM) was the biggest loser today, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $3.34 trillion at the time of writing, registering a 24-hour jump of 0.30 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $96,266.45, registering a 24-hour jump of 0.63 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 82.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,591.82, marking a 24-hour loss of 0.47 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 dip of 0.73 percent, as per CoinMarketCap data, currently priced at $0.4063. Dogecoin price in India stood at Rs 36.16.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.635 percent. At the time of writing, it was trading at $96.55. LTC price in India stood at Rs 8,205.62.
Ripple (XRP) Price Today
XRP price stood at $1.56, seeing a 24-hour dip of 5.90 percent. Ripple price in India stood at Rs 126.50.
Solana (SOL) Price Today
Solana price stood at $241.24, marking a 24-hour gain of 0.44 percent. SOL price in India stood at Rs 21,399.48.
Top Crypto Gainers Today (November 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Algorand (ALGO)
Price: $0.3649
24-hour gain: 20.54 percent
Worldcoin (WLD)
Price: $2.88
24-hour gain: 13.86 percent
Peanut The Squirrel (PNUT)
Price: $1.24
24-hour gain: 8.84 percent
Bittensor (TAO)
Price: $617.35
24-hour gain: 7.83 percent
The Sandbox (SAND)
Price: $0.6481
24-hour gain: 7.65 percent
Top Crypto Losers Today (November 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Fantom (FTM)
Price: $1.04
24-hour loss: 5.98 percent
Celestia (TIA)
Price: $8.20
24-hour loss: 5.03 percent
Optimism (OP)
Price: $2.33
24-hour loss: 4.94 percent
Ethena (ENA)
Price: $0.7175
24-hour loss: 4.77 percent
Mog Coin (MOG)
Price: $0.00000241
24-hour loss: 4.47 percent
What Crypto Exchanges Are Saying About Current Market Scenario
CoinSwitch Markets Desk noted, “BTC traded in a very tight range for the last 24 hours as 97k USD mark has become a new resistance for Bitcoin. With Bitcoin dominance lying around 57.1% mark - traders are waiting for the historical break over 100,000 USD per bitcoin mark patiently since BTC breached the 99.5k USD mark. Any break over 100k could mean a further rise in the BTC dominance.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin demonstrated bullish momentum by climbing back above $96,000 on November 29, after plummeting below $91,000 on November 26. In three days, Bitcoin moved up 6% overall. It is thus exhibiting decoupling with conventional markets and increasing popularity for BTC amidst uncertainties in global economies. Strong net inflows of $103 million into ETFs and strategic holdings by MicroStrategy; miner accumulation is strong as well. Today, on Friday, $13.6 billion in Bitcoin options expire, and optimism is that BTC can test the level of $100,000 by year-end.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin remains a focal point in the market, recently reaching approximately $96,800, reflecting a notable increase of about 4.3%. This stability follows positive economic data from the United States, which has bolstered investor confidence and renewed hopes for a potential decrease in interest rates by the Federal Reserve. As Bitcoin approaches the coveted $100,000 mark, market participants are excitedly buzzing, anticipating further gains in the coming weeks. Many investors believe that this phase of consolidation will lead to greater profitability, attracting both new and returning participants to the market. With positive sentiment and bullish predictions, Bitcoin appears poised for an exciting journey in the realm of digital assets.”
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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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