Today's crypto market showcases significant changes in capitalization and trade volume dynamics. The industry's total market cap has reached $3.41 trillion, showing a 3.85% increase, while intraday trade volumes shrank by 16.67% to $156.15 billion.
Bitcoin Dynamics Amid ETF Inflows
Despite numerous pullbacks, Bitcoin continues to hold its ground. After a drop to $82,000, the BTC price at press time increased by 0.94% over the last 24 hours, reaching $97,182.63. Consequently, Bitcoin's market cap grew by 0.88%, amounting to $1.92 trillion. Institutional interest in Bitcoin remains strong, evidenced by a net inflow of 415 BTC worth $40.83 million into Bitcoin ETFs on November 29. This trend underscores the growing confidence of institutional players in Bitcoin's long-term potential.
Trends in Altcoins
Ethereum's price showed substantial momentum, rising 3.22% to $3,692.72, backed by ETF inflows of 10,500 ETH worth $37.85 million. Solana and XRP also recorded gains of 1.13% and 20.66% respectively, signaling robust performance among key altcoins.
Top Movers in the Market
Core emerged as the top gainer among the top 100, zooming 29.83% to $1.43. Ethereum Name Service followed with a 25.70% price spike to $42.97, and Algorand, with a 25.43% increase to $0.4179. Conversely, Mantra fell by 4.18% to $3.44, while Raydium and Akash Network experienced nominal losses of 2.48% and 2.07%, respectively.
The cryptocurrency market remains dynamic, with institutional inflows and rising prices fostering bullish sentiments.
