As of today Friday, November 29, 2024, the cryptocurrency market is experiencing notable activity. Bitcoin (BTC) is trading at approximately $96,592, reflecting a 0.92% increase from the previous close. Ethereum (ETH) stands at about $3,585.77, with a slight decrease of 0.45%. Other major cryptocurrencies like BNB, XRP, and Solana (SOL) are also showing varied movements.

$BTC $ETH #Recently, Bitcoin approached the significant $100,000 mark, peaking at $99,830 on November 22, but has since retracted over 8% to a low of $91,377. This surge was partly influenced by the re-election of President Donald Trump, who is perceived as pro-crypto, leading to increased market optimism.

The approval of spot Bitcoin ETFs earlier this year has also played a crucial role in driving prices upward, attracting substantial institutional investment. However, recent data indicates significant profit-taking by long-term holders, contributing to current market volatility.

In summary, while the cryptocurrency market has seen impressive gains in 2024, it continues to exhibit volatility. Investors are advised to stay informed about market trends and regulatory developments to navigate this dynamic landscape effectively.

Trade wisely.

Lawyertaj.