Crypto Market Update: November 29, 2023
Recent News Impacting the Crypto Market
Crypto products are witnessing a surge in popularity, with inflows reaching levels not seen since late 2021. Despite the absence of regulatory approval for exchange-traded funds (ETFs) tied to the spot price of Bitcoin, optimism in the market remains high.
The crypto sector is on the brink of a new chapter. Binance founder Changpeng “CZ” Zhao is currently in Seattle, awaiting sentencing after pleading guilty to violating the Bank Secrecy Act. The outcome of this case could have significant implications for the crypto industry.
The crypto market is buzzing with news and developments. South Korea’s nuclear fusion experiment, which achieved temperatures hotter than the sun, has sparked interest in the potential for energy-intensive industries like crypto mining. Meanwhile, the anticipation of the U.S. Securities and Exchange Commission approving the first-ever Bitcoin spot exchange-traded fund continues to drive investor sentiment.
Bitcoin Price Today
As of today, the price of Bitcoin stands at $36,971.42. This represents a slight decline of -0.2% from an hour ago and a -0.7% decline since yesterday. Despite these minor fluctuations, Bitcoin continues to dominate the crypto market, with a significant market cap of $725 billion.
Global Crypto Market Today
The global cryptocurrency market cap today is $1.47 trillion, indicating a -1.93% change in the last 24 hours. This figure reflects the combined market cap of all cryptocurrencies, demonstrating the substantial size and influence of the crypto market.
Top 3 Crypto Gainers and Losers Today
| Name | 24h % Change | |
|---|---|---|
| 📈 Top Gainers | TerraClassicUSD | 44.94% |
| Terra Classic | 9.98% | |
| Pyth Network | 3.92% | |
| 📉 Top Losers | Blur | -7.20% |
| FTX Token | -6.49% | |
| STEPN | -4.83% |