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.

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.

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.

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.

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.

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.

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.

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:

Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months, predicted Charles Hoskinson.

Robert Kiyosaki has highlighted AI's $500,000 bitcoin prediction for 2025, aligning with analysts citing institutional adoption, regulatory shifts, and growing demand. $500K Bitcoin in 2025? AI and Crypto Experts Share Bold Predictions Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has shared another striking forecast regarding bitcoin's future.

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Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) days after the flagship crypto asset retraced by nearly 10%.

The price of Bitcoin is back and trading above $95,000 after surging 2.70% from the previous day's close. The asset's recovery is a welcome development for holders and investors, who have witnessed a two-day decline, dipping to $90k on November 27th.

Bitcoin (BTC) recently experienced a sharp decline, dropping by 9% from its all-time high (ATH) of $99.5K to $90.7K in a matter of days. The sudden price slump, attributed to panic selling by short-term holders (STH), stirred considerable market concern.

The cryptocurrency market has been on a rollercoaster, with Bitcoin recently reaching an all-time high of $99,645. This milestone marked a wave of optimism, driven partly by Donald Trump reclaiming the U.S. presidency.

Ken Sim, the mayor of Vancouver, has proposed exploring Bitcoin as part of the city's financial strategy. He suggested that a Bitcoin reserve would help the city diversify its financial resources.

Vaneck, one of the largest investment funds in the U.S., has highlighted the benefits that El Salvador has experienced since President Bukele arrived in office and adopted a bitcoin strategy. Vaneck Celebrates Bukele's Bitcoin Gambit and His Vision for El Salvador Vaneck, one of the largest asset managers in the U.S.

Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently stated that he is sure that many nation-states will follow in Brazil's footsteps, introducing strategic bitcoin reserve regulations. Multiple Strategic Bitcoin Reserve Proposal Would Be in the Works Bitcoin adoption at a nation-state level seems prepared for liftoff.