Crypto Price Today (Nov 25, 2024): Bitcoin Price Stays at $98k | Microstrategy Buys 55,000 Bitcoins!

The post Crypto Price Today (Nov 25, 2024): Bitcoin Price Stays at $98k | Microstrategy Buys 55,000 Bitcoins! appeared first on Coinpedia Fintech News

The global cryptocurrency market is on the rise, posting a daily increase of 1.82%, with the total market cap reaching $3.37 trillion. Trading activity held steady, with a modest 0.04% uptick bringing 24-hour volumes to $203.43 billion. Investors seem to be reveling in extreme greed, as evidenced by the Fear & Greed Index, which now stands at a remarkable 87. In a positive move, Microstrategy has added 55,000 Bitcoins worth ~$5.4 billion at an average price of $97,862.

Bitcoin Dominates with Strong Momentum

Bitcoin continues its upward trajectory, currently priced at $98,034.93, marking a 1.04% increase over the last 24 hours. The flagship cryptocurrency hit a daily high of $98,935.03, underscoring its growing dominance at 57.67%. With a notable 30.23% spike in trading volumes, Bitcoin remains the focal point for investors. ETF inflows worth $2.42 billion during November 18-22 further highlight the bullish sentiment.

Explore our in-depth Bitcoin Price Prediction to analyze whether BTC can break the psychological $100k barrier soon.

Ethereum and Altcoins: Mixed Performances

Ethereum surged by 5.32% to reach $3,491.98, regaining investor confidence. Solana followed suit with a 2.02% increase to $251.15, while XRP outshone most, soaring by 8.62% to $1.47.

However, the altcoin space wasn’t without its setbacks. Stellar fell by 3.20%, making it the top loser of the day, followed by LEO (-2.58%) and Tezos (-1.60%).

Dive deeper into Ethereum’s future with our comprehensive Ethereum Price Prediction.

Top Gainers: SAND Continues to Take the Spotlight

The Sandbox (SAND) emerged as the day’s biggest winner, skyrocketing 28.52% to $0.7741. Sei and Lido DAO also posted double-digit gains, with increases of 19.49% and 19.18%, respectively.

For more updates on Bitcoin’s trajectory and the evolving cryptocurrency landscape, stay tuned to our daily insights.

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