Bitcoin stands at $98K as the Bitcoin crypto rally fuels the market, with HBAR up 25% and XLM soaring 55% on November 23. A bullish trend pushes the global market cap beyond $3.33 trillion. The price of Cryptocurrencies on November 23: The global bullish trend was supported by a market rise on Saturday. While leading cryptocurrencies like ADA, XRP, and AVAX rose between 14% and 25%, Bitcoin stayed stable at $98K.
High-octane performances by HBAR-Hedera and XLM-Stellar were in the zone of 25%-55% for the day. At the same time, the total value of the world cryptocurrency market advanced by 1.5% in the last day to $3.33 trillion. However, the overall market volume is now at $219 billion after a drop of 12% since yesterday. Now let’s take a glance at leading cryptocurrencies by market capitalization and how their prices changed on November 23.
XRP Up 15%, BTC Steady, ETH and SOL Move
Bitcoin Crypto Rally: Bitcoin remains stable at $98,000, showcasing resilience in a highly dynamic market. Ethereum and Solana have followed suit, maintaining steady performance. Meanwhile, XRP has surged by 14%, taking a leading position among the top gainers. Meme coins like Dogecoin and Shiba Inu also saw impressive 9% gains in the last 24 hours, further contributing to the ongoing Bitcoin crypto rally and reflecting positive momentum across the broader cryptocurrency market today.
Today’s Bitcoin Price
The Bitcoin crypto rally chart is pretty much steady, at $98,550. Today’s low is $97,222 and today’s high is $99,655. The total market capitalization of Bitcoin is $1.95 trillion with a 24-hour volume of $76 billion. According to the Sosovalue reciprocal data regarding this, large inflows into BTC ETFs were $490 million aggregated by 12 funds, with BlackRock’s IBIT providing $513 million into this total. With 58.59% of the market share, the BTC currency still is the boss, in all respects.
Today’s Ethereum price
Ethereum (ETH) is currently priced at $3,333, showing minimal change. In the last 24 hours, it reached a low of $3,262 and a high of $3,428, indicating limited price movement. Over the past week, ETH has gained 7%, suggesting a positive outlook for its near future. With a market capitalization of $400 billion, ETH remains a strong presence in the markets. The 24-hour trading volume for Ethereum is $38 billion, giving it a market dominance of 12%. Recently, nearly $91.21 million was invested in ETH ETFs, with BlackRock contributing about $99 million. However, Grayscale’s ETF experienced approximately $19 million in outflows on Friday.
Today Solana Price
The range over the last day shows that the current trading for Solana (SOL) was at $255, with a 24-hour low of $252 and a high of $263- the price was varying a little. It’s still gaining with 17.5% gains over the last week. With a market cap of $121 billion and a 24-hour trading volume of $7 billion, Solana remains the fourth largest cryptocurrency in the world.
Today’s XRP Price
XRP price, up 15% in the last 24 hours, is now trading at $1.566. The 24-hour low and high are $1.367 and $1.621, respectively, showing strong volatility. It has risen by 75% in the last week and 200% in the past 30 days, showing good growth. XRP is in sixth place; therefore, it is in the list of six most valued cryptos, with a market cap of $89 billion and trading volume reaching $20 billion.
Today’s Meme Coin Performance
Dogecoin, or DOGE, has risen 9% and currently trades at $0.42. It’s 24-hour low and high are at $0.3858 and $0.4296, respectively, also proving solid market movement. Shina Inu is similarly up 9%, trading at $0.00002698. It’s 24-hour low and high denote jet-speed movement at $0.00002437 and $0.00002749, respectively. Meanwhile, the remaining meme coin-branded coins, such as PEPE, BONK, and WIF, have seen declines of between 2% and 8% in the past 24 hours. This decline indicates that the meme coin sphere is highly volatile.
Updates for Cryptocurrency Gain Today
November 23, 2024: Bitcoin (BTC) has been traded on the day at $98,000, advancing by a negligible 0.38%. In any case, the resounding acclaims from the whole marketplace are wielded by the altcoins Hedera (HBAR), to jump by 25%, and Stellar (XLM), rather obviously at 55%. Such highlights among market players are very much propelled, though not limited to, by the quickening pace of institutional adoption and stirring activities within a context of market sentiment regarding crypto that is decidedly uniform. The broader “Bitcoin crypto rally” is driving renewed investor enthusiasm across digital assets, further fueled by consistent growth in altcoin markets.
The Stellar
Stellar (XLM), an open-source decentralized blockchain technology for cheaper and faster cross-border payments, was founded in 2014 by Jed McCaleb and Joyce Kim. No one wants high cross-border fees. Stellar makes it easy to transact between crypto and fiat currencies without restrictions. It facilitates cross-border asset trading at reduced fees compared to other methods. Linked with IBM and MoneyGram and charged 0.00001 XLM each transaction, less than a penny. These alliances sought to improve global financial inclusion and facilitate the transition between digital and physical currencies.
The Hedera
The distributed, open-source public ledger Hedera (HBAR) uses a sophisticated hash graph consensus mechanism. Its rapid, low-cost, and scalable transactions make it a prominent blockchain option. Hedera is backed by a global council of corporations that ensures security and decentralization with its performance-enhanced Ethereum Virtual Machine (EVM) smart contracts, real-time applications, and tokenization services. Hedera is becoming a decentralized financial and digital asset rival because of its increased scalability.
The Cardano
With its native cryptocurrency ADA, Cardano was on the niggard end of fluctuations during the predictions for a revamped upward movement in the short term. Currently around $0.34, Cardano will see a 4.1% rise from its price through November 2024, translating to possibly $0.366; this is affected mainly by the activities of Bitcoin in the markets since altcoins like ADA loyally follow behind movements by Bitcoin. With institutional interest taking off for it, Cardano is always in the good books, notwithstanding a background of persistent volatility in its presentation.
Unusual Losses Today in Cryptocurrency
Today’s bizarre cryptocurrency losses demonstrate notable critical vulnerabilities within the digital asset market. Notorious trader Kaleo has admitted to a loss from trading larger positions – a whopping half-million-dollar loss resulting from overleveraging and poor decisions based upon FOMO. Meanwhile, the wider market faces insane security vulnerability-cum-phishing attacks responsible for losses of about $500 million. Major hacks, chief among them the DMM Bitcoin hack that led to losses of $304 million further underline the bottom line: there must be better precautions on platforms. These incidents reflect the volatility and risks that still exist in the crypto space.
Peanut the Squirrel
Peanut the Squirrel (PNUT) is a meme coin that earned a lot of attention after the death of its pet squirrel namesake, Peanut, a much-loved furry friend. PNUT was birthed sometime in early November 2024 on the Solana blockchain. The NFT was trending due to social media outrage regarding Peanut’s euthanization. The coin gained impressive traction, riding high up to a market cap of over $2 billion. This was fueled by endorsements, specifically a tweet from Elon Musk that drew massive attention toward the token.
Popcat (SOL)
Popcat (SOL) is the new, stirring meme token on the Solana blockchain. This relatively new player is already quite famous, reaching its historic peak at $1.85 in recent months. Launched in early March 2021, Popcat became the first meme token to surpass the $1 billion market cap with 980 million tokens in circulation. Importantly, trade volumes are strong and generally higher than many coins released in 2023. This has proven to be quite volatile but remains in focus, with direct support coming from the user’s community as well as a favorable mention of Solana-based assets.
Raydium
Raydium is also a decentralized cryptocurrency exchange on the Solana system that has witnessed a big boom of a yearly high and comparison worth outshining many of its counterparts. Recently, the view of listing Raydium on the Bithumb exchange propelled it into the limelight in terms of price and trading volume. After some hiccups in the short term, however, Raydium’s dominance in Solana DEXes in terms of spot volume and fees remained unmistakable. Its prominent position in the paws of decentralized finance coupled with buoyant trading activity offers a bright prospect for growth.
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