The cryptocurrency market was mixed on Friday, November 29. Bitcoin saw a slight increase, rising less than one percent on international exchanges. According to CoinMarketCap, Bitcoin is currently priced at $96,507 (roughly Rs. 81.5 lakh). On Indian platforms like CoinSwitch, Bitcoin’s value has increased by about one percent to $98,653 (roughly Rs. 83.3 lakh). In the last 24 hours, Bitcoin’s price has fluctuated between $94,000 (roughly Rs. 79.4 lakh) and its current level.
“As Bitcoin approaches the prestigious $100,000 (roughly Rs. 84.4 lakh), market participants are buzzing with excitement, expecting further gains in the coming weeks. Many investors believe that this phase of consolidation will lead to greater profitability, which will attract new and returning participants to the market. With positive sentiment and bullish predictions, Bitcoin looks set for a lucrative journey in the digital asset space,” Shivam Thakral, CEO of Bucoin, told Gadgets360.
Ether rose 0.50 percent on international exchanges. At the time of writing, ETH was trading at $3,586 (roughly Rs. 3.03 lakh) according to CoinMarketCap. On Indian exchanges, the crypto asset is trading at $3,580 (roughly Rs. 3.02 lakh).
“The Ethereum crypto market is reflecting strong market sentiment driven by momentum and positive sentiment driven by institutional interest, strong technicals, and adoption,” Avinash Shekhar, co-founder and CEO, Pi42, told Gadgets360.
Binance Coin, Ripple, USD Coin, Cardano, and Tron all posted modest gains on Friday, according to the crypto price tracker by Gadgets360.
Polkadot, Nier Protocol, Elrond, Iota, and Status also managed to maintain small gains on Friday.
“Among the major altcoins, XRP stands out with a five percent gain, driven by its ecosystem partnership with Archax. Ethereum and Solana faced modest declines of two percent,” Geotus CEO Vikram Subburaj told Gadgets360.
The overall crypto market cap has increased by 0.30 percent in the last 24 hours. According to CoinMarketCap, the crypto market valuation has reached $3.34 trillion (approximately Rs. 2,82,69,197 crore).
Tether, Solana, Dogecoin, Avalanche, Shiba Inu, and Stellar recorded losses.
Chainlink, Bitcoin Cash, Uniswap, Litecoin, and Kronos are also trading in losses.
The cryptocurrency market was mixed on Friday, November 29. Bitcoin saw a slight increase, rising less than one percent on international exchanges. According to CoinMarketCap, Bitcoin is currently priced at $96,507 (roughly Rs. 81.5 lakh).
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