Bitcoin has been fluctuating between $93,000 and $99,000 for the past 10 days, and has settled at $95,505. While Bitcoin, the leading cryptocurrency, maintains its place at the center of the market, there are notable increases in altcoins. XRP, Hedera (HBAR) and Ondo (ONDO) gained 18%, 58% and 36% respectively.$BTC
Market volume increased significantly to $284 billion. 24-hour trading volume increased by 65%, indicating that market activity is gaining momentum. However, the global cryptocurrency market value decreased by 0.4% to $3.47 trillion. Approximately $1 trillion in new capital entering the market in November indicates that investor confidence is increasing again. However, the overall market outlook is fluctuating.
Next to Bitcoin, Ethereum (ETH) reached $ 3,620, while Solana (SOL) lost 2%. XRP rose to 3rd place with an 18% increase. Hedera made significant gains with a 58% increase, while Ondo also attracted attention with a 36% increase.
Altcoins have a mixed outlook. Solana (SOL) lost 3% to $227, while meme coins Dogecoin (DOGE) lost 6% and Shiba Inu (SHIB) lost 7%. Raydium (RAY) and Kaspa (KAS) were also among the market losers.
Despite these weak performances, most major cryptocurrencies are trading in the green zone, creating positive momentum in the overall market. Analysts note that this could signal a recovery or consolidation process in the market. Investors should take strategic steps by managing their risks and following developments carefully.
Market dynamics pose both opportunities and risks for investors. Proper analysis and informed decisions for highly volatile crypto assets remain the key to successful investments.