Ethereum

Bitcoin

Goatseus Maximus

FLOKI

BlackRock

The cryptocurrency market is buzzing with activity as Bitcoin (BTC) reaches a historic milestone of $97,000, bringing joy to investors. Meanwhile, altcoins display mixed performance, with meme coins stealing the spotlight. Here’s a breakdown of the key developments shaping the market today. 
<a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Crypto Markets Today: Bitcoin Hits New Heights While Altcoins Struggle = The Bit Journal" width="728" height="90" title="Crypto Markets Today: Bitcoin Hits New Heights While Altcoins Struggle 48"></a> 
<h2 id="bitcoin-surges-to-97-000-etf-momentum-fuels-rally">Bitcoin Surges to $97,000: ETF Momentum Fuels Rally</h2> 
Bitcoin has broken through its previous consolidation range of $87,000-$93,000, reaching a new all-time high of $97,000. This upward trend is supported by a 5% increase in the last 24 hours, pushing Bitcoin’s market capitalization to an impressive $1.91 trillion. 
A significant driver of this rally has been the inflow of $750 million into Bitcoin ETFs, with BlackRock leading the charge, contributing $627.7 million. These developments have solidified Bitcoin’s market dominance at 60.63%, reaffirming its position as the leading cryptocurrency. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-70705" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-119.png" alt="Crypto Markets Today: Bitcoin Hits New Heights While Altcoins Struggle = The Bit Journal" width="1284" height="589" title="Crypto Markets Today: Bitcoin Hits New Heights While Altcoins Struggle 49"> 
<h2 id="ethereum-holds-steady-despite-minor-dip">Ethereum Holds Steady Despite Minor Dip</h2> 
While Bitcoin soars, Ethereum (ETH) has experienced a slight decline, trading at $3,072, down 1% in the last 24 hours. Despite a $47 million outflow from Ethereum ETFs, its robust market cap of $370 billion ensures its second-place ranking remains unchallenged. 
Institutional players like BlackRock and Grayscale continue to monitor Ethereum closely, signaling long-term confidence in its potential. 
<h2 id="floki-leads-the-meme-coin-market">FLOKI Leads the Meme Coin Market</h2> 
Among meme coins, FLOKI has emerged as the standout performer, posting a remarkable 16% gain over the past 24 hours and trading at $0.0002775. On a weekly basis, FLOKI has surged by 19%, capturing the attention of investors. 
In contrast, meme coin giants like DOGE and SHIB have experienced declines, highlighting the volatile nature of this sector. 
<h2 id="winners-and-losers-in-the-altcoin-space">Winners and Losers in the Altcoin Space</h2> 
Several altcoins have also seen notable movement. Raydium (RAY) posted a 10% gain, placing it among today’s top performers. However, not all tokens shared the same fate; Goatseus Maximus (GOAT) suffered a steep 21% loss, disappointing its investors. 
<h2 id="market-optimism-persists-amid-mixed-signals">Market Optimism Persists Amid Mixed Signals</h2> 
Bitcoin’s record-breaking performance has set a positive tone for the broader market. Although some altcoins face minor setbacks, overall momentum remains optimistic. Meme coins like <a href="https://thebitjournal.com/best-crypto-to-buy-post-the-elections-investors-hot-picks-for-november-shiba-inu-floki-and-yeti-ouro-currently-dominating-the-p2e-market/" target="_blank" rel="noopener">FLOKI</a> continue to draw attention, contributing to the vibrant and dynamic market environment. 
Stay updated with The Bit Journal for the latest cryptocurrency news and insights. 
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Crypto Markets Today: Bitcoin Hits New Heights While Altcoins Struggle

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The Bit Journal

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