The cryptocurrency market continues to rise today, showing strong bullish sentiment
Bitcoin (BTC) surged to $96,000 in the last 24 hours, performing impressively.
Ethereum (ETH) has also risen by 9%, showing that market confidence in it remains strong.
Interestingly, the Ethereum Name Service (ENS) saw a 50% increase, making it one of the best-performing cryptocurrencies today.
Additionally, XRP's price increased by 7%, maintaining strong market momentum. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) also rose by 4% to 6%, while PEPE and BONK increased by 4% to 8% respectively.
Despite the overall upward trend in the market, with the global cryptocurrency market cap growing by 4% to $3.32 trillion, trading volume has decreased by 9% to $201 billion. Activity on cryptocurrency exchanges has also slowed, and although prices are rising, investors remain cautious.
The cryptocurrency market remains in the spotlight today, and we will analyze the performance and price trends of major cryptocurrencies on November 28 in more detail.
Today's cryptocurrency market update: BTC, ETH, SOL, and XRP continue their upward trend
Yesterday, the market saw mixed movements, but today the cryptocurrency market seems to be recovering. Bitcoin (BTC) stabilized above $94,000, showing strong resilience, while major altcoins like Ethereum (ETH), Solana (SOL), and XRP continued to rise.
Meme coins also saw an increase, with rises between 4% to 6%, indicating increased investor interest in various assets. Although market sentiment remains cautiously optimistic, trading volume on top cryptocurrency exchanges has been moderate, reflecting that investors are still participating cautiously.
Bitcoin Price Trend
In the last 24 hours, Bitcoin (BTC) increased by 3%, currently trading at $94,945, with a day low of $92,337 and a high of $97,361. BTC's market capitalization is $1.88 trillion, with a 24-hour trading volume of $70 billion, still dominating the market with a market share of 57%.
According to a report by sosovalue, Bitcoin ETF inflows have reached $103 million, indicating continued interest from institutional investors. Market sentiment is also evolving, highlighting the importance of Bitcoin in institutional portfolios.
In terms of regulation, Chris Giancarlo has proposed a strategic Bitcoin reserve and discussed potential crypto policies that the Trump administration might introduce, which could have profound impacts on the market.
Ethereum Today Price
Ethereum (ETH) performed very strongly in the last 24 hours, with a price increase of 9%, becoming one of the top 10 cryptocurrencies with the highest increase today. Currently, ETH is trading at $3,586, with a day low of $3,358 and a high of $3,687. Ethereum's market capitalization is $430 billion, with a 24-hour trading volume of $44 billion.
According to sosovalue data, Ethereum's ETF inflows have reached $90 million, indicating strong interest from institutional investors. Additionally, Ethereum co-founder Vitalik Buterin recently sold the free meme coins he received and donated the proceeds to a crypto advocacy program to support the sustainable development and ethical use of blockchain technology.
Solana Today Price
Solana (SOL) increased by 4% in the last 24 hours, currently trading at $239. SOL's day low is $228, and its high is $245. Solana's market capitalization is $113 billion, with a 24-hour trading volume of $5 billion, still making it the fourth largest cryptocurrency by market cap.
Solana recently broke through its all-time high (ATH) of $263.83, further boosting its upward momentum. Many analysts predict that Solana may break the $500 mark by the end of the year. With the current optimistic market sentiment, Solana's performance continues to attract significant investor attention.
XRP Today Price
XRP has increased by 7% in the last 24 hours, currently trading at $1.46, with a day low of $1.357 and a high of $1.518. XRP's market capitalization is $84 billion, with a 24-hour trading volume of $8 billion, maintaining a strong position in the cryptocurrency market.
In terms of regulation, XRP supporter lawyer John Deaton has expressed support for Paul Atkins to serve as chairman of the U.S. Securities and Exchange Commission and has called for reforms to address the excessive regulatory issues under Gary Gensler's leadership. As the crypto market's focus on regulatory trends continues to grow, XRP's performance and related regulatory developments will have significant impacts on investors.
Meme Coin Market Update
Dogecoin (DOGE) rose by 6%, reaching a price of $0.40, continuing to lead the meme coin sector. Meanwhile, Shiba Inu (SHIB) increased by nearly 5%, with a current trading price of $0.00002575. Retail investor enthusiasm has driven the rise of these meme coins.
In addition, other top meme coins like PEPE, BONK, and WIF have also recorded varying degrees of increase, with rises between 4% to 8%. The surge in the value of these meme coins has further boosted positive sentiment in the crypto market, with many traders taking advantage of these highly volatile assets for arbitrage.
The cryptocurrency with the largest increase today
Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) has seen an astonishing increase of nearly 50% in the last 24 hours, currently priced at about $34. Its lowest and highest prices reached $23.21 and $33.44 respectively. This surge shows growing interest from investors in ENS, especially as its importance and utility in the blockchain ecosystem are increasingly recognized.
ENS is an open naming system designed to help cryptocurrency users address the growing demand. Its main function is to convert machine-readable identifiers (such as content hashes, cryptocurrency addresses, encrypted metadata, etc.) into names that are understandable and usable by humans.
Esina (ENA)
ENA's price has also surged by 22%, with the current trading price at $0.74. Its lowest and highest prices are $0.60 and $0.76 respectively, showing very strong upward momentum. This increase reflects strong market interest in the ENA token, with investor sentiment becoming increasingly positive.
The cryptocurrency with the largest decline today
Algorand (ALGO)
Algorand is the biggest loser among cryptocurrencies in the last 24 hours, with a price drop of 5%. It is currently trading at $0.286, with a low of $0.2843 and a high of $0.3077 during the day. Despite the price correction, analysts remain focused on ALGO, believing its market potential is still huge.
Interestingly, some analysts predict that Algorand may outperform Bitcoin in the short term, suggesting that ALGO could see a rebound in the future. Given the current overall volatility of the crypto market, investors are closely watching ALGO's next moves.
MANTRA (OM)
The price of MANTRA (OM) has dropped by 4% in the last 24 hours, currently trading at $3.43, with a low of $3.42 and a high of $3.75 during the day. Despite the slight pullback, the overall strong performance of the cryptocurrency market remains encouraging, and the general atmosphere is still positive.
From the hourly chart, mainstream cryptocurrencies generally show an upward trend, especially some popular altcoins that have risen about 1% in the past hour. This indicates that, despite individual tokens like MANTRA facing short-term pressure, the overall market sentiment remains optimistic.