Here’s the latest update on the cryptocurrency market as of November 30, 2024:

1. Bitcoin (BTC): Bitcoin has shown volatility despite recent excitement over Bitcoin ETFs. After nearing $100,000 earlier this month, it has pulled back slightly due to profit-taking and leveraged trading adjustments. The upcoming Bitcoin halving in April 2024 is expected to drive demand further.

2. Ethereum (ETH): Ethereum continues to outperform other major cryptocurrencies, gaining 11% in the past week. This is attributed to the growing adoption of Ethereum-based decentralized applications and increased staking activity, which has made ETH slightly deflationary.

3. Altcoins:

Stacks (STX) and Klaytn (KLAY) saw significant drops of over 20% recently after strong previous gains, indicating market corrections.

XRP made a notable move with a 30% weekly gain, breaking a long-term technical pattern.

4. Regulatory Updates:

Russia has classified cryptocurrency as property and imposed a 15% tax on mining profits, marking a significant regulatory shift.

India is exploring cross-border CBDC applications and mobile payment integrations.

5. Adoption and Partnerships:

Major financial institutions like Mastercard and J.P. Morgan are advancing blockchain-based payment systems.

FTX plans to roll out a $16.5 billion customer reimbursement plan by March 2025.

Overall, while the market faces short-term corrections, key events like Bitcoin's halving and increasing institutional adoption suggest potential for recovery and growth.

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