Today, Bitcoin surged to $96,000, Ethereum rose by 9%, and ENS increased by 50%. Check out the top market trends on November 28.
Highlights
BTC surged to $96,000, ETH rose by 9%, and ENS increased by 50%.
XRP price rose by 7%, maintaining strong market momentum.
DOGE and SHIB rose by 4-6%, while PEPE and BONK rose by 4-8%.
Today, the cryptocurrency market continues its upward trend, reflecting strong bullish sentiment. Bitcoin (BTC) price surged above $96,000 in the past 24 hours. Ethereum (ETH) price rose by 9%, indicating strong market confidence. Additionally, Ethereum Name Service (ENS) became the currency with the largest increase, soaring by 50%.
Solana (SOL) and altcoins like XRP have achieved significant growth, contributing to the overall positive momentum in the market. The global cryptocurrency market cap has grown by 4% to $3.32 trillion, while the total market trading volume has decreased by 9% to $201 billion, still showing steady growth.
Trading activity on top cryptocurrency exchanges has slowed, reflecting cautious investor behavior despite price increases. With the cryptocurrency market still in focus today, let’s take a closer look at the performance and price trends of the top cryptocurrencies by market cap on November 28.
Today's Cryptocurrency Market (November 28): BTC, ETH, SOL, and XRP Maintain Upward Momentum
After yesterday's mixed performance, the cryptocurrency market appears to be recovering today. Bitcoin (BTC) stabilizes above $94,000, showing resilience, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP continue to maintain upward momentum.
Meme coins also joined the rally, with increases ranging from 4% to 6%, indicating growing investor interest in various asset classes. While maintaining a cautiously optimistic outlook, trading volumes on top cryptocurrency exchanges remain moderate, reflecting selective participation from investors.
Bitcoin Price Today
Bitcoin (BTC) price increased by 3% in the past 24 hours, trading at $94,945. The token's intraday low and high are recorded at $92,337 and $97,361, respectively. BTC currently has a market cap of $1.88 trillion, with a 24-hour trading volume of $70 billion. With a 57% market dominance, Bitcoin remains the highest market cap cryptocurrency.
As reported by sosovalue, BTC ETF inflows reached $103 million, indicating stable interest from institutional investors. Investors are closely monitoring further insights into market sentiment. This growing demand underscores Bitcoin's continued importance in institutional portfolios.
On the regulatory front, Chris Giancarlo discussed the strategic Bitcoin reserve proposal. He also talked about potential cryptocurrency policies that could be implemented by the Donald Trump administration, suggesting that significant changes in regulation may occur. These developments could impact the current and future landscape of the cryptocurrency market.
Ethereum Price Today
Ethereum (ETH) price surged significantly by 9% in the past 24 hours, becoming the top gainer among the top 10 cryptocurrencies by market cap today. ETH is currently trading at $3,586, with an intraday low and high of $3,358 and $3,687, respectively. Ethereum's market cap is $430 billion, with a 24-hour trading volume of $44 billion.
According to sosovalue, Ethereum ETF inflows reached $90 million, reflecting strong interest from institutional investors. Additionally, Ethereum co-founder Vitalik Buterin sold the free meme coins he received and donated the proceeds to cryptocurrency advocacy programs, supporting blockchain technology and ethical cryptocurrency use.
Solana Price Today
Solana (SOL) price increased by 4% in the past 24 hours, currently trading at $239. The token's intraday low and high are recorded at $228 and $245, respectively. Solana's market capitalization is $113 billion, with a 24-hour trading volume of $5 billion, remaining the fourth-largest cryptocurrency by market cap.
SOL hit a historic high (ATH) of $263.83, surpassing its previous peak and strengthening its upward momentum. This milestone has sparked speculation among cryptocurrency analysts that Solana may reach $500 before the end of the year. As the cryptocurrency market remains optimistic, Solana's performance continues to attract significant attention from investors and analysts.
XRP Price Today
XRP price increased by 7% in the past 24 hours, currently trading at $1.46. The token's intraday low and high are recorded at $1.357 and $1.518, respectively. XRP has a market cap of $84 billion, with a 24-hour trading volume of $8 billion, maintaining its strong position in today's cryptocurrency market.
In regulatory news, XRP supporter lawyer John Deaton has supported Paul Atkins for the position of chairman of the U.S. Securities and Exchange Commission. Deaton called for reforms to address allegations of overreach and unethical conduct under Gary Gensler's leadership. With the cryptocurrency market closely watching today, XRP's performance and related regulatory developments remain crucial for investors.
Meme Coins Price Today
Dogecoin (DOGE) price increased by 6%, reaching $0.40. This rise continues to underscore DOGE's dominance in the meme coin space. Similarly, Shiba Inu (SHIB) price rose nearly 5%, trading at $0.00002575. These meme coins have regained attention driven by retail investors.
In addition, other top meme coins such as PEPE, BONK, and WIF recorded significant increases, with gains ranging from 4% to 8%. The surge in meme coin values has fueled the overall positive sentiment in today's cryptocurrency market as traders continue to profit from these rapidly moving assets.
Today's Top Gainers in Cryptocurrency Prices
Ethereum Name Service
The price of Ethereum Name Service (ENS) surged nearly 50% in the past 24 hours, reaching $34. Its intraday low and high are recorded at $23.21 and $33.44, respectively. This impressive price movement highlights the growing interest in ENS and its utility within the blockchain ecosystem.
Ethereum Name Service is an open naming system designed to meet the growing needs of users in the cryptocurrency space. The primary goal of ENS is to convert machine-readable identifiers (such as content hashes, cryptocurrency addresses, and cryptographic metadata) into human-readable names.
Esina
ENA price surged by 22%, currently trading at $0.74. The token's intraday low and high are recorded at $0.60 and $0.76, indicating strong price momentum. This increase highlights the growing interest and positive sentiment towards ENA in today's cryptocurrency market.
Today's Biggest Losers in Cryptocurrency Prices
Algorand
Algorand has become the worst-performing token in the past 24 hours, with its price dropping by 5%. It is currently trading at $0.286, with an intraday low and high of $0.2843 and $0.3077, respectively. Despite the recent decline, ALGO's market activity remains closely monitored by analysts.
Interestingly, analysts predict that Algorand's short-term growth will surpass that of Bitcoin, suggesting a possible rebound and rise in the future. As the cryptocurrency market shows mixed performance today, investors are closely watching ALGO's next move.
Spell
The price of MANTRA (OM) has dropped by 4% in the past 24 hours and is currently trading at $3.43. The token's intraday low and high are recorded at $3.424 and $3.755, respectively. Despite this decline, the broader cryptocurrency market still shows signs of strength and stability.
From an hourly chart perspective, major cryptocurrencies are showing bullish momentum, with some top altcoins rising by 1% in the last hour as of this writing. This indicates that while individual tokens like MANTRA face short-term challenges, the overall market sentiment remains positive.
