The cryptocurrency market is showcasing an upbeat momentum since Asian trading, with the market cap rising to $3.08 trillion, up by 1.74%.
Bitcoin Growth and ETF Influence
Bitcoin maintains its dominance at 58.85%, trading at $92,089.72, a 1.78% increase over the past 24 hours. Trading volume has also surged by 36.90% to $70.18 billion. The Options Clearing Corporation announced readiness to clear and settle options on spot Bitcoin ETFs, causing a buzz in anticipation of these options debuting on Nasdaq, boosting investor confidence.
Altcoin Overview: ETH, SOL, XRP
Ethereum has posted a notable gain of 2.45%, taking its price to $3,147.62, enhancing its standing in the crypto business. Solana mirrored this positive movement, rising 1.36% to $246.01. Conversely, XRP faced a minor setback, dipping by 0.92% to $1.12 despite the broader market rally.
Top Gainers and Losers
Among the top 100 altcoins, Hedera leads with a 30.47% rise to $0.1445. Tezos follows 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 down by 12.41% to $0.1695, alongside Flare and Ethena, which fell by 2.90% and 2.39% to $0.02051 and $0.5571 respectively.
The market shows strong momentum, particularly in Bitcoin and select altcoins, with investors keeping a close eye as November unfolds with potential significant moves.
