Bitcoin (#BTC☀ ) has stabilized around $93,000 after a recent downward trend over the past few days.
Meanwhile, today (November 27), many alternative currencies entered the upward range. Notable rising coins include Stellar (XLM), Avalanche (AVAX), Cardano (ADA), etc.
Is BTC aiming for $100,000 again?
The past few days have not been friendly for major cryptocurrencies, with prices plummeting from nearly $100,000 on November 22 to about $90,700 on November 26. Interestingly, the pullback coincided with some bullish developments, such as MicroStrategy's record purchase of up to 55,500 BTC (approximately $5.4 billion).
However, in the past 24 hours, bulls have successfully reclaimed some ground, pushing the asset valuation above $93,000 (maintaining this level for the past few hours).
BTC Price
Interestingly, it will be worth watching if BTC attempts to break the psychological barrier of $100,000 again, or if the adjustment will last longer.
At the same time, the market capitalization of the asset has dropped to $1.85 trillion (according to CoinGecko data). However, BTC's dominance over altcoins remains above 57%.
Altcoins on the move
Unlike Bitcoin, some alternative currencies have seen significant price increases within 24 hours. Stellar (XLM) continues to shock the cryptocurrency community, rising again by 8% to recover $0.50. Avalanche (AVAX) and Cardano (ADA) also performed well, increasing by 6% and 4%, respectively.
Ripple's XRP is also in this category, though the increase is modest at about 2%. Meanwhile, due to significant developments such as Trump winning the U.S. presidential election and Gary Gensler (Chairman of the SEC) announcing his departure next January, its price has risen nearly 180% over the past month.
Other well-known altcoins that have seen a moderate increase in the past 24 hours include Ethereum (#ETH🔥🔥🔥🔥 ), TRON (#trx ), Polkadot (#DOT ), Shiba Inu (#SHIB), Litecoin (#LTC), among others.#山寨币热点
The total market capitalization of the cryptocurrency industry is currently $3.36 trillion, down 1% from November 26.
Cryptocurrency Market
