Crypto Price Today (Nov 30, 2024): Bitcoin Drops from $98k | Will ETFs Boost BTC to $100k?
Shrishesh Tanksalkar30 Nov 20242 min read
The crypto market today has witnessed notable movements, with the market capitalization and the dynamics of trade volumes. Successively, the market cap of the industry has climbed by 3.85% to peak at $3.41 trillion, while the intraday trade volumes got shot down by 16.67% to $156.15 billion. With Bitcoin making progressive attempts to inch closer to the $100k mark, investor optimism continues to take the Fear & Greed Index to “Extreme Greed” levels.
Bitcoin Holds Ground Amid ETF Inflows
Despite the numerous pullbacks, Bitcoin has been riding against the waves. Following the drop from $82k levels during the U.S. trading hours yesterday, BTC price at press time is up 0.94% over the past 24 hours, taking its price tag to $97,182.63. As a result of the above numbers, its market cap has grown 0.88% since yesterday to $1.92 trillion.
With the market taking positive strides, the institutional interest in Bitcoin stays tough, as evidenced by a net inflow of 415 BTC worth $40.83 million into Bitcoin ETFs on November 29. This development highlights the growing confidence of institutional players in Bitcoin’s long-term potential. With ETF inflows on a steady rise, investors contemplate the possibility of institutions taking BTC to $100k.
Curious about Bitcoin’s prices in 2025? Read our Bitcoin (BTC) Price Prediction for potential price targets!
Altcoins Witness Varies Trends
Ethereum’s price showed substantial momentum, as it rose 3.22% to its press time tag of $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.
Interested about ETH’s year-end price targets? Read our Ethereum Price Prediction for all details.
Top Movers & Losers in the Market
Core emerged as the top gainer among the top 100, zooming 29.83% to $1.43. Ethereum Name Service (ENS) followed next, with a 25.70% price spike to $42.97, and Algorand, with 25.43% to $0.4179. On the losing side, Mantra fell by 4.18% to $3.44, while Raydium and Akash Network saw nominal losses of 2.48% and 2.07%, respectively.
The cryptocurrency market stays dynamic, with institutional inflows and rising prices fostering bullish sentiments. Subscribe to us, to stay updated with the latest insights on crypto price movements and trends.
