Crypto Price Today (Nov 30, 2024): Bitcoin Drops from $98k
The crypto market today has witnessed notable movements, with the market capitalization and the dynamics of trade volumes. Successively, the market cap of the industry has climbed by 3.85% to peak at $3.41 trillion, while the intraday trade volumes got shot down by 16.67% to $156.15 billion. With Bitcoin making progressive attempts to inch closer to the $100k mark, investor optimism continues to take the Fear & Greed Index to “Extreme Greed” levels.
Bitcoin Holds Ground Amid ETF Inflows
Despite the numerous pullbacks, Bitcoin has been riding against the waves. Following the drop from $82k levels during the U.S. trading hours yesterday, BTC price at press time is up 0.94% over the past 24 hours, taking its price tag to $97,182.63. As a result of the above numbers, its market cap has grown 0.88% since yesterday to $1.92 trillion.
With the market taking positive strides, the institutional interest in Bitcoin stays tough, as evidenced by a net inflow of 415 BTC worth $40.83 million into Bitcoin ETFs on November 29. This development highlights the growing confidence of institutional players in Bitcoin’s long-term potential. With ETF inflows on a steady rise, investors contemplate the possibility of institutions taking BTC to $100k.
Curious about Bitcoin’s prices in 2025? Read our Bitcoin (BTC) Price Prediction for potential price targets!
Altcoins Witness Varies Trends
Ethereum’s price showed substantial momentum, as it rose 3.22% to its press time tag of $3,692.72, backed by ETF inflows of 10,500 ETH worth $37.85 million. Solana and XRP also recorded gains of 1.13% and 20.66%, respectively, signaling robust performance among key altcoins.
Interested about ETH’s year-end price targets? Read our Ethereum Price Prediction for all details.
Top Movers & Losers in the Market
Core emerged as the top gainer among the top 100, zooming 29.83% to $1.43. Ethereum Name Service (ENS) followed next, with a 25.70% price spike to $42.97, and Algorand, with 25.43% to $0.4179. On the losing side, Mantra fell by 4.18% to $3.44, while Raydium and Akash Network saw nominal losses of 2.48% and 2.07%, respectively.
The cryptocurrency market stays dynamic, with institutional inflows and rising prices fostering bullish sentiments. Subscribe to us, to stay updated with the latest insights on crypto price movements and trends.
