The cryptocurrency market is steadily gaining momentum

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According to CryptoRank, on November 30, the bitcoin (BTC) exchange rate once again broke an important milestone, rising above $96,000. The total market capitalization of cryptocurrencies increased to $3.6 trillion, up 2.14% from the previous figures. At the same time, Bitcoin’s dominance dropped to 53.1%, indicating growing investor interest in altcoins. The market’s key digital assets are trading in the green zone. XRP was the leader among the top 10 cryptocurrencies with an increase of 15.2% in 24 hours. DOGE also strengthened by 5.28%, meanwhile ADA rose by 4.32%. The growth of most major alternative cryptocurrencies confirms the positive market sentiment. The Fear and Greed Index reached the 84 mark, indicating a state of “extreme optimism”. This may indicate that market participants are ready for further investments, despite the risks of a possible correction.

Among the least known market participants, the largest growth was recorded by the LIMBO token (LIMBO), which added 257.5% to its price over the day. It is followed by PipOnHL (PIP) with a result of 148.4% and AgentLayer (AGENT), which strengthened by 112.8%. De success of these tokens can be attributed to local news and interest in new projects.

The current growth of the market is accompanied by an increase in trading volumes and an influx of new participants. Bitcoin is holding its position and altcoins are attracting more attention. The capitalization level of $3.6 trillion emphasizes the maturity of the cryptocurrency ecosystem. Experts believe that high investor activity may continue in the coming days. However, sharp price fluctuations are not excluded. It is important for market participants to monitor the movement of large assets and take into account macroeconomic factors.

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Auteur: Saifedean Ammous, een expert in cryptocurrency-economie.

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