The cryptocurrency market showed mixed yet promising movement today, November 29, 2024, with Bitcoin (BTC) maintaining its position at $96K, signaling continued market confidence. Meanwhile, altcoins saw varied performances, with some recording significant gains and others showing slight declines.

XRP token soared more than 8% in the last 24 hours, outperforming major altcoins as the market saw a slight broader uptick. The post XRP Jumps 8% as Bitcoin Recovers to $96K Amid Broader Market Uptick appeared first on Cryptonews.

Over the past decade, the global money supply has surged by at least $50 trillion. The crypto market, especially Bitcoin, has benefited immensely from this rise, as BTC is generally considered as a hedge against inflation. Recently, the global money supply has seen a sharp drop.

OKG Research's forecast of $2.28 trillion in bitcoin inflows by 2025 underscores the asset's growing importance in the global financial ecosystem.

After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum.

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Vancouver is the latest city to join the discussions on adding Bitcoin to the government's financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.

Ripple's XRP has been making impressive strides, with a 6% increase in the last 24 hours, bringing its price to just under $1.50. Over the past seven days, XRP has surged by an impressive 36%, positioning it for a potential rally toward the $2 mark.

Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving.

The cryptocurrency market today has been steady, with a 24-hour gain of 0.16%, taking the total market capitalization to $3.31 trillion. The intraday trading volume also shot up by the same margin, reaching $197.98 billion.

XRP has been in the spotlight for many years. Sometimes for the Ripple Vs XRP case while the other for helping big banks making cross border payment. Many experts believe the suppression by the SEC has been the reason XRP did not get the attention it deserved.

Bitcoin has made a strong comeback, jumping above $96,000 after a dramatic dip to $90K just days ago. This price change has gotten a lot of people talking as Bitcoin gets closer to reaching the $100K mark. Perhaps according to Financelot's latest analysis, Bitcoin could climb as high as $109K before possibly pulling back.

According to 100eyes Crypto Scanner, the Ripple-affiliated XRP cryptocurrency is currently approaching horizontal resistance near the $1.6 level.

Story Highlights Ripple price surges ~7% and reclaims the $1.5 mark today. The technical indicators record increased bullish sentiment. Sustained bullish action could result in the altcoin achieving a new 52-week high. With a favorable development for XRP in the Ripple vs SEC lawsuit, the XRP price has successfully retested its important support level.

As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone. Analysts Skeptical Of Sustaining Momentum Toward $100,000 Recent fluctuations in Bitcoin's price have been attributed to a combination of profit-taking by long-term holders and broader market dynamics.

Bitcoin's recent correction, dropping below the critical $93,000 level, has left short-term holders (STHs) grappling with significant losses. This decline comes after Bitcoin failed to breach the much-anticipated $100,000 resistance, a key milestone that many had hoped would mark the next phase in the ongoing bull market.

Bitcoin DeFi is gaining momentum, and Charles Hoskinson predicts it will surpass other blockchain DeFi systems in the next few years.

The motion demands a report on using Bern's unused energy for Bitcoin mining, partnering with Swiss firms, and stabilizing electricity grids.

SOS Limited, a Chinese public company, has announced a bold move to deepen its crypto investments with a $50 million commitment to Bitcoin.

Today, over $10 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire.

In a Kitco news interview, Frank Holmes, CEO of U.S. Global Investors and Executive Chairman of HIVE Digital Technologies, believes that in the coming years, alternative assets like gold and Bitcoin will play a bigger role in investors' portfolios.

According to a Fox Business reporter, the former U.S. Commodity Futures Trading Commission (CFTC) chair Christopher Giancarlo believes that the next U.S. Securities and Exchange Commission chair might drop the Ripple case. Another poll posted on X by Good Morning Crypto revealed that out of the 1312 votes, over 94% of the respondents believed the Ripple case would be dismissed.

Bitcoin may face a correction as the XAU/BTC ratio hits historical lows, signaling overbought conditions. Analysts eye $62,000 as a key support level.

Switzerland has officially passed legislation to explore Bitcoin mining, signaling a growing acceptance among traditional financial institutions and governments worldwide.

Another Friday has arrived, and a huge batch of Bitcoin options are set to expire as the asset starts to recover from its correction.

Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin ETFs.

Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin ETFs.

After retesting the levels below $95k, Bitcoin has now hit reverse and is trading close to the $97k level at the time of writing. Despite erasing the gains made in the past seven days, BTC bulls are now eyeing the $100k crucial level.

Bitcoin, the world's largest cryptocurrency by market capitalization, is heading to the next target price of $100,000 after rising 33% in just a month, but Cardano's founder projects beyond.

The crypto prices today remain steady compared to yesterday, showing minimal fluctuations over the last 24 hours. Bitcoin (BTC) regained $97K reflecting strong market sentiment, while major altcoins displayed mixed movements.

The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, despite some recent developments. Ripple has recently gained attention as a U.S. court approved its request to fast-track the final judgment in the XRP lawsuit. This decision could mean the case, which has been dragging on for years, might end sooner.

XRP price is rising and gaining pace above the $1.480 zone. The price is showing positive signs and might soon aim for a breakout above the $1.60 level.

Switzerland's Bern canton parliament just gave the green light to a Bitcoin mining report, but not without stirring up some drama. The motion passed with 85 votes in favor and 46 against, despite opposition from the Government Council.

US Bitcoin ETF inflows are on track for a record monthly high of $6.2 billion in November, driven by increasing investor interest.

Ripple's XRP has crossed the hurdle at $1.50 and is trading close to the $1.60 levels at the time of writing. The price has recently broken out above key resistance levels and continues its upward movement. The altcoin is up by more than seven percent in the last 24 hours and is now eyeing $2.

Bitcoin has surpassed the 2015-2018 cycle, sparking more discussion about the potential for $100K.

Bitcoin miners' major player has announced their third-quarter financial report, resulting in billions of dollars in funding and spending. According to TheMinerMag, on Nov. 28, key players in the cryptocurrency and Bitcoin mining industry published their financial reports.

XRP surges 4.78% as Schwab eyes crypto expansion and SEC changes fuel market optimism. Key levels to watch: $1.63 resistance, $2 target.

Bitcoin price is recovering higher above the $95,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,000 level.

If successful with its fundraising, Metaplanet could purchase roughly 652 extra Bitcoin for $62 million.

A simple mix-up more than a decade ago has escalated into a multimillion-dollar nightmare, as a woman claims she accidentally disposed of her ex-partners hard drive containing access to his $569 million Bitcoin fortune. James Howells, a 39-year-old IT engineer from Newport, Wales, has been on a relentless mission to recover the lost drive, while his ex, Halfina Eddy-Evans, insists she isnt to blame.

A Bitcoin indicator created by the on-chain analytics firm Glassnode has just given a signal that could suggest the exhaustion of selling pressure in the market. Bitcoin Seller Exhaustion Has Just Registered A Spike In a new post on X, Glassnode has shared an update on the Seller Exhaustion Composite for the Weekly-Monthly Bitcoin traders.

In the last two weeks, there has been a noticeable increase in whale activity across several cryptocurrencies, indicating that large investors are accumulating these assets. Here are the main points: Toncoin (TON) Whale Purchases: Since November 21, whales have bought about 459,980 TON, worth around $30 million.

Bitcoin (BTCUSD) is consolidating after hitting a fresh all-time high of $93,483 and is currently trading around $95123. Marathon Digitals Bold BTC Purchases: Strengthening Its Position In November 2024, Marathon Digital Holdings bought 703 BTC, increasing its monthly total to 6,474 BTC.

The United States has never been the largest market for Bitcoin or cryptocurrencies in terms of trading volume. Offshore exchanges, particularly in Asia, have consistently dominated global trading activity, with platforms like Binance and Huobi driving liquidity and volatility.

Fantom (FTM) has been on a remarkable rally this week, with its price climbing by 8%, following an impressive 43% surge just the week before. As Bitcoin (BTC) begins to recover from recent dips, many altcoins, including Fantom, are experiencing significant upward momentum.

Key Points:

ADA, the native token of the Cardano blockchain, is poised to continue its upward momentum after trading sideways for a week. On November 29, 2024, ADA has formed a bullish price action pattern on a smaller time frame and is on the verge of a breakout.