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The cryptocurrency market seems to have started the day with a decline. Nevertheless, significant gains have been made in the market over the last few weeks. During this period, events led Bitcoin to move towards its highest level of the year.
As of Tuesday, there appears to be a weakening in the momentum of the rise experienced last week. Considering expert statements, the recent decline in the market could be due to investors’ anxieties.
Will Cryptocurrencies Ascend?
The price of Bitcoin has seen a 0.45% decrease to $37,106.45, with the trading volume in the last 24 hours increasing by 24.75% to $18.53 billion. Specifically, Bitcoin’s highest and lowest levels in 24 hours were $37,450.12 and $36,750.13, respectively.
Ethereum, the second-largest coin by market value, fell 0.81% to $2,011.10 in the last 24 hours. Meanwhile, following shocking events, BNB’s price has retreated to $225.9, a 0.53% decrease as of the time of writing.
Another notable altcoin, XRP, decreased by 0.92% to $0.5984. In addition, Solana, which hosted sharp increases in recent weeks, is down by 0.42% to $54.84 at the time of writing. Cardano (ADA) also saw its price drop by 1.19% over the last 24 hours, trading at $0.3732.
Dogecoin, the leader of the meme coins, was trading at $0.07813, down by 0.46% at the time of writing, while Shiba Inu’s price fell by 1.55% to $0.000008144. On Tuesday, Pepe coin, closely following Doge and SHIB, experienced a 2.64% loss in value, reaching $0.000001068.
Today’s Altcoins
Despite the general market downturn, TIA leads the rise in altcoins as of November 28th. TIA’s price continues to trade at $5.66, a 5.37% increase, with the trading volume over the last 24 hours surging by 76.06% to $173.49 million, reflecting a rise in investor interest despite falling market conditions.
Uniswap’s price rose by 5.53% to $6.44 as of Tuesday, with a 61.30% increase in trading volume reaching $248.96 million. Meanwhile, the cryptocurrency’s price has seen an approximate 60% increase in the last 30 days, with the past seven days indicating a 25% rise.
Finally, Toncoin became one of the most traded cryptocurrencies on November 28th, indicating increased investor confidence in the altcoin. Toncoin’s price rose by 3.18%. As of the time of writing, it trades at $2.44, while its trading volume also rose by 83.87% to $59.04 million.
- Bitcoin leads amidst market fluctuations.
- Altcoins show mixed performance trends.
- Investor confidence reflects in selective gains.
