The cryptocurrency market is experiencing significant movements, with notable changes observed in both market capitalization and trade volumes. Recently, the market cap has surged by 3.85%, reaching an impressive $3.41 trillion. However, intraday trade volumes have decreased by 16.67%, settling at $156.15 billion. As Bitcoin steadily strives towards the $100,000 milestone, investor optimism is soaring, pushing the Fear & Greed Index into “Extreme Greed” territory.
Bitcoin Holds Ground Amid ETF Inflows
Despite various market pullbacks, Bitcoin continues to demonstrate resilience. After a retreat from the $82,000 level during U.S. trading hours yesterday, Bitcoin’s price has risen by 0.94% over the past 24 hours, with its current value standing at $97,182.63. Consequently, Bitcoin’s market cap has grown by 0.88% since yesterday, now totaling $1.92 trillion.
The positive market trajectory is underscored by robust institutional interest, as evidenced by a net inflow of 415 BTC, valued at $40.83 million, into Bitcoin ETFs on November 29. This inflow reflects growing confidence among institutional investors in Bitcoin’s long-term potential. As ETF inflows continue to rise, there is increasing speculation about institutional forces potentially propelling Bitcoin to the coveted $100,000 mark.
Curious about Bitcoin’s future prospects? Check out our Bitcoin (BTC) Price Prediction for anticipated price targets for 2025!
Altcoins Show Mixed Trends
Ethereum has demonstrated substantial momentum, with its price increasing by 3.22% to reach $3,692.72, driven by ETF inflows of 10,500 ETH, valued at $37.85 million. Meanwhile, Solana and XRP have also recorded gains of 1.13% and an impressive 20.66%, respectively, highlighting strong performances among key altcoins.
Interested in Ethereum’s year-end price predictions? Explore our comprehensive Ethereum Price Prediction for detailed insights.
Top Movers & Losers in the Market
In the current market landscape, Core has emerged as the top gainer among the top 100 cryptocurrencies, soaring by 29.83% to reach $1.43. Following closely, Ethereum Name Service (ENS) has experienced a 25.70% price increase, climbing to $42.97. Algorand has also seen a significant rise, advancing by 25.43% to $0.4179.
On the downside, Mantra has experienced a decline of 4.18%, dropping to $3.44. Raydium and Akash Network have faced modest losses, with decreases of 2.48% and 2.07%, respectively.
The cryptocurrency market remains dynamic, with institutional inflows and rising prices bolstering bullish sentiments. Stay informed with the latest insights on crypto price movements and trends by subscribing to our updates.
