Crypto Price on November 29, 2024: This article outlines the latest price action on Bitcoin, Ethereum, and all other major cryptocurrencies, therefore giving a detailed analysis of where the market is at today.
The cryptocurrency market continues to grab investors’ attention with its changing trends and dynamic price movement. Bitcoin and Ethereum exhibited interesting price actions on November 29, 2024, where optimism and caution reflected on the part of market participants.
Bitcoin continues in an uptrend even with a small pullback near the psychological barrier of $100,000, maintains bullish momentum with support levels up. Ethereum, on the other hand, demonstrates resilience in that it is holding together around $3,500 and reaffirming its place among the big players in the digital asset space.
Crypto Price on November 29, 2024
Bitcoin’s Price Action:
Bitcoin traded at $96,244, an increase of 0.37% in the last 24 hours. However, at 2.49% decline over the past week represents market correction. Yet, Bitcoin sustains its support level of $90,000. The RSI no longer indicates overbought conditions, which implies that the downside may not be significant.
Bitcoin’s Price Action
The chart shows a breakout from the ascending channel. Although this may indicate a reversal, the overall market still seems optimistic about Bitcoin retesting and potentially breaking the psychological barrier of $100,000. Investors are bullish on the macroeconomic side of things with recent Federal Reserve minutes hinting at potential rate cuts and an overall positive economic outlook. This is furthered by Bitcoin’s ability to consolidate near the $96,000 level, which increases confidence among market participants.
Ethereum’s Price Action
Ethereum’s Price Action:
Ethereum is currently priced at $3,584.59, reflecting a 0.90% daily decline. Over the past week, however, Ethereum has surged by 5.96%, signaling strong bullish momentum. Despite the recent dip, Ethereum maintains significant support at $3,500, with resistance levels observed near $3,700. The daily chart shows consistent higher lows, indicating bullish consolidation.
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Performance of Other Major Cryptocurrencies
Here’s a snapshot of the latest performance of some key cryptocurrencies as of November 29, 2024.
Polkadot (DOT):
Polkadot is trading at $8.53, having gained 3.29% in the last day and 37.67% in the last week. This makes it one of the best-performing assets among top cryptocurrencies, showing strong bullish momentum in the market.
Solana (SOL):
Solana currently sells at $240.75, with a day-to-day decline of 0.01%. However, the token has been subjected to pressure this week, where the price declined by 7.76% in total. That notwithstanding, Solana still plays a significant role in the cryptocurrency market.
Ripple (XRP):
Ripple has gained 5.52% in the last 24 hours. Its current trading price is $1.56. Throughout the week, XRP showed great performance with a 12.30% growth, which represents high investor confidence and market interest.
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Shiba Inu (SHIB):
Shiba Inu is trading at $0.00002583, having declined modestly by 0.08% daily. However, SHIB managed to increase by 3.20% weekly, which is a sign of its strength in the constantly changing crypto market.
The overview above depicts the mixed performances of these cryptocurrencies, showing how volatile and full of opportunities the market is.
(Source: Analytics Insight)
