Even after a large withdrawal of profits and price adjustments, the cryptocurrency market continues to increase its gains. This Tuesday morning (30), at least 5 of the 10 main cryptocurrencies were still on the rise. Ethereum, Binance coin, XRP, Polkadot and Dogecoin have all gained in the last 24 hours.
Bitcoin, the largest cryptocurrency on the market, fell again last Monday afternoon. According to CoinMarketCap, the 24-hour variation is -0.08%. The current price of BTC is $56,841.
Ethereum, the second-largest cryptocurrency, rose another 3.59% in 24 hours. The current price of ETH is $4,448, up 7% in the last week.
Currencies such as Binance coin, Solana, XRP and Polkadot have risen around 1% in the last 24 hours. Also according to CoinMarketCap, Dogecoin has risen about 6% in 24 hours.
Also, Shiba Inu has come back up again. The currency that had the biggest high in the last 24 hours came to rise more than 27%. In second place, the currency Stax (STX) rose by 17%.
The global cryptocurrency market capitalization gained about 5% to $2.58 trillion in 24 hours. In addition, total market volume jumped about 6% to $107.53 billion.
Bitcoin Feels the Effects of Black Friday
Bitcoin rehearses a recovery along with other assets. This Monday, the currency rose more than 4% before falling again. Last week, the BTC even dropped to levels below $54,000.
Some experts talk about the “black friday effect” of the currency. In addition to the big profit pullback of the last few weeks, many investors preferred to shift their funds to less risky assets. As a result, last Friday (coincidentally, on the black friday), the market suffered from millionaire sales.
This week, the trend is for some instability among cryptocurrencies. However, as expected by investors and enthusiasts, the forecast is bullish for some cryptocurrencies, mainly Ethereum.
LUNA in the sights of investors
The LUNA token has been the talk among investors this month. Especially after surpassing $50 and hitting a new all-time high of $55. Even after the widespread market slump that dropped the token by 20%, LUNA remains poised for a rebound this week.
This uptrend is actually a reflection of the Columbus-5 update on the LUNA blockchain. The successful update worked kept the token’s uptrend intact.
In addition, blockchain Terra, broadcaster of LUNA, also said that it will increase TerraUSD issuance. Dollar-linked stablecoin will be provided based on LUNA token-burning performance.
Price of cryptocurrencies today
- Bitcoin (BTC): US$ 56,841
- Ethereum (ETH): US$4,448
- Binance coin (BNB): $615
- Solana (SOL): US$201
- Cardano (ADA): US$1.57
- XRP: US$ 0.98
- Polkadot (DOT): US$ 35.94
- Dogecoin (DOGE): US$ 0.21
- Shiba Inu (SHIB): US$ 0.00004938
- Avalanche (AVAX): $118
*Prices updated at 7:00 am on 11/30/2021.
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