#Market_Update
November 29, 2024, the cryptocurrency market is experiencing significant developments:
Bitcoin (BTC):
Price Movement: Bitcoin has surged to approximately $97,245, nearing the $100,000 milestone. This rise is partly due to reduced regulatory concerns following the recent election.
Market Impact: The rally has positively influenced crypto-related stocks, notably MicroStrategy, which saw a 4% increase in its share price.
Ethereum (ETH):
Price Movement: Ethereum is trading at around $3,588.30, reflecting a 0.77% increase over the past 24 hours.
COINMARKETCAP
Market Position: Ethereum maintains its position as the second-largest cryptocurrency by market capitalization, with a dominance of 12.8%.
Sales Volume: NFTs have recorded a weekly sales volume of $158 million, surpassing October's total volume. Ethereum and Bitcoin lead in this sector.
Regulatory Developments:
Blockchain Association's Advocacy: The Blockchain Association has urged President-elect Donald Trump to implement changes within the SEC, IRS, and Treasury Department to foster a more crypto-friendly environment.
Market Sentiment:
Fear & Greed Index: The index indicates a shift from fear to greed among investors, suggesting increased confidence in the market.
Overall, the cryptocurrency market is experiencing positive momentum, driven by favorable regulatory expectations and strong performance in key assets like Bitcoin and Ethereum.
All Update$
https://cryptonews14.blogspot.com/2024/11/market-update-29.html
