Bitcoin

Dogecoin

Ethereum

VeChain

Solana

<p>The movement of various cryptocurrencies demonstrated both bullish and bearish tendencies. Bitcoin (<a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">$BTC</a>) and Ethereum ($ETH) held strong dominant positions with relative volatility across other significant tracks. However, this was enough to display that digital asset users have stable interest with a market cap of $3.35 trillion.</p><h2 id="header-0">Bitcoin ($BTC) Leads with Stability Amid Market Volatility</h2><p>Bitcoin maintained its leadership with a trading price of $98,515, capturing a dominance of 58.1% in the market. Its Total Value Locked (TVL) was recorded at $189.51 billion, reflecting its strong position within decentralized finance. The 24-hour market volume surged to $224.27 billion, indicating active trading despite broader fluctuations in asset prices.</p><p>Ethereum’s price reached $3,371, with a dominance level of 12.1%. Its gas fees recorded a low of 9 gwei, demonstrating improved network efficiency. This development positions Ethereum (<a href="https://blockchainreporter.net/ethereum-eth-price-prediction-100000/" rel="noopener noreferrer nofollow">$ETH</a>) as a cost-effective option for decentralized applications and smart contract deployment. The network’s appeal remains consistent due to its robust infrastructure.</p><h2 id="header-1">Altcoins Show Diverse Trends in Daily Movement</h2><p>Several altcoins displayed varied performances. Stellar ($XLM) gained 54.35%, highlighting renewed interest in blockchain-based payment systems. VeChain ($VET) experienced a 37.26% increase, showcasing resilience in supply chain-based blockchain projects. However, some ALGO increased by 28.6%, DOT surged by 27.18%, and FTM by 26.76 %, indicating mixed investor sentiment across the altcoin space.</p><p>The top liquidations within the last 24 hours signified active market participation. Bitcoin accounted for the largest liquidation at $77.9 million, followed by Ethereum at $51.8 million. $DOGE, $XRP, and <a href="https://solana.com/" rel="noopener noreferrer nofollow">$SOL</a> also witnessed liquidations worth $40.26, $37.81 million, and $21.88 million, respectively. These liquidations underscore the current market environment’s high volatility and leverage-driven nature.</p><p>The fear and greed index pointed to extreme greed, reaching a score of 84. This suggests that optimistic investors drive increased market activity and price movements. Such sentiment often aligns with heightened volatility, as in sharp price fluctuations.</p>

Bitcoin Hits $98.5K and Leads Crypto Market with 58% Market Dominance

Table of Contents

BlockchainReporter

Other articles published on Nov 24, 2024

Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week!

Why Bitcoin is Dropping? Market Volatility Triggers $500M in Liquidations

Bitcoin Targets $180K as Pro-Crypto Policies Ignite Bullish Momentum

Why Is Everyone Betting On A Six-figure Bitcoin?

BlackRock’s Bitcoin ETF Debut Shakes Up the Market

BTC Price: MicroStrategy To Buy More Bitcoin As $100K Nears, 150K Next?

Join our free newsletter for daily crypto updates!