The crypto market today has been showcasing an upbeat momentum since Asian trading hours, with the market cap climbing by 1.74% to $3.08 Trillion. The trading activity too has risen, with the 24-hour volume growing by 19.13% to $186.37 billion. Resulting, the market sentiments are bullish, which is evident in the Fear & Greed Index’s “Extreme Greed” score of 83.
Bitcoin ETF to Drive Market Momentum?
Bitcoin, keeping its market dominance at 58.85%, has continued its upward projection, now trading at $92,089.72, a 1.78% price increase in the 24 hours. The intraday trade volume has leaped by a notable 36.90% to $70.18 billion, shooting its market cap to $1.82 trillion.
In exciting news, the Options Clearing Corporation (OCC) has confirmed its readiness for clearing and settling options on spot Bitcoin ETFs. Market buzz anticipates the debut of Bitcoin ETF options on Nasdaq, fueling investor confidence and spurring record inflows.
Altcoin Watch: ETH, SOL, XRP
Ethereum has posted a notable gain of 2.45%, taking its price to $3,147.62, and fortifying its position as a key player in the crypto business. Solana has mirrored this positive movement, advancing 1.36% to $246.01. Conversely, XRP has faced a minor setback, dipping by 0.92% to $1.12 despite the broader market rally.
Top Gainers & Losers
Hedera is leading the charge among the top 100 altcoins, skyrocketing by 30.47% to $0.1445. Tezos follows next with a 32.97% gain to $1.12, while Brett shows a healthy 13.35% climb to $0.1828. On the flip side, Cronos is struggling, down 12.41% at $0.1695, alongside Flare and Ethena, which have slipped by 2.90% and 2.39% to $0.02051 and $0.5571, respectively.
With the market displaying strong momentum, particularly in Bitcoin and select altcoins, investors are watching closely as November shapes up to be an eventful month for crypto enthusiasts.
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