The post Crypto Market Today (Nov 28, 2024): Bitcoin Maintains Momentum Amid Extreme Greed appeared first on Coinpedia Fintech News
The cryptocurrency market has witnessed a modest uptick today, with the global market cap rising by 2.99% to $3.32 trillion. Trading volume, however, saw a slight decline of 0.42%, settling at $198.78 billion. The Fear & Greed Index soared to 84, signaling extreme greed as optimism echos through the market.
Bitcoin Sustains Growth Amid Record Dominance
Bitcoin continues its upward trajectory, gaining 2.40% over the last 24 hours to reach $95,473.66. While trading volumes fell by 7.85% to $71.53 billion, BTC’s dominance surged to 57.04%, solidifying its grip on the market. With a market cap of $1.88 trillion, Bitcoin’s performance reflects growing investor confidence amidst high market enthusiasm.
Explore our comprehensive Bitcoin Price Prediction to understand BTC’s potential trajectory.
Altcoins Showcase Mixed Trends
Ethereum led the altcoin rally, climbing 4.17% to $3,626.40, while Solana and XRP posted gains of 0.83% and 2.75%, respectively. These movements underscore a growing interest in major altcoins, aligning with the broader market’s bullish sentiment.
For insights into Ethereum’s price outlook, check out our Ethereum Price Prediction.
Top Performers: Ethereum Name Service Leads the Charge
- Ethereum Name Service (ENS): Surged 42.73% to $36.48, leading the market.
- Ethena: Gained 10.40%, now priced at $0.7155.
- Ethereum Classic (ETC): Rose by 9.94% to $32.71.
Lagging Assets: Lido DAO and Algorand Fall
- Lido DAO (LDO): Dropped 2.85% to $1.67.
- Algorand (ALGO): Declined by 2.58%, trading at $0.291.
- Raydium (RAY): Fell 2.18% to $5.39.
The crypto market remains dynamic, with Bitcoin’s resilience and altcoins’ mixed performance painting a diverse picture. As extreme greed fuels the rally, investors are keenly watching for sustained momentum or potential corrections.
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FAQs
The price of 1 Bitcoin (BTC) at the time of press is at $95,473.66
Ethereum Name Service (ENS), Ethena (ENA), and Ethereum Classic (ETC) have surged the highest today, with gains of +42.73%, +10.40%, and +9.94% respectively.
Ethereum (ETH) price has risen 4.17% in the past 24-hours to $3,626.40
