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BTC AT $97K, XRP Rises 7%, ALGO Surges 23%

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1 month ago

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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. Ethereum (ETH) and Solana (SOL) prices gained 1-2%, reflecting positive market momentum. However, XRP soared 7% within the last 24 hours. Algorand (ALGO) emerged as the top gainer today jumping 25% over the past 24 hours.

The global crypto market cap increased by 1% from the previous day, reaching $3.32 trillion. However, overall trading volume declined significantly, down 24% to $153 billion over the past 24 hours. Here’s a quick snapshot of the top cryptocurrencies by market capitalization and their price movements today, November 29.

Bitcoin (BTC) continues to trade at $97K, sparking global market optimism. Over the past week, BTC has moved within a stable range of $90K to $99K, showing strong support levels. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) see slight gains, signaling renewed market interest. XRP stood out with a 7% surge driven by positive legal developments.

Bitcoin Price Today

Bitcoin (BTC) price is trading at $96,700, up 1% over the last 24 hours, with a low of $94,677 and a high of $97,000. BTC’s market cap stands at $1.91 trillion, while 24-hour trading volume reached $50 billion, reflecting its market dominance of 57.08%.

Additionally, Bitcoin adoption continues to grow globally. Switzerland’s Canton Bern has passed a bill to explore Bitcoin mining’s impacts. This bipartisan initiative, months in the making, solidifies Switzerland’s position as a leading crypto-friendly region in the EU.

Ethereum Price Today

Ethereum (ETH) price is trading at $3,583, down 1% in the past 24 hours, with a low of $3,531 and a high of $3,642. Its market cap stands at $431 billion, supported by a trading volume of $31 billion, and a market dominance of 12.9%, securing its position as the second-largest cryptocurrency by market cap. Analysts predict ETH price could reach $4,000 soon, driven by Bitcoin’s consolidation or potential climb higher.

Solana Price Today

Solana (SOL) price is trading at $241, up 1% over the last day, with a 24-hour low of $233 and a high of $242. Its market cap stands at $115 billion, with a trading volume of $3.81 billion, giving it a market dominance of 3.43%. As the fourth-largest cryptocurrency by market cap, Solana continues to strengthen its position in the evolving market. Keep watching crypto prices today for the latest updates.

XRP Price Today

XRP price today surged 7% in the last 24 hours, driven by a favorable court order for Ripple in the ongoing lawsuit. The U.S. court has expedited the judgment process, fueling optimism for a massive XRP rally. Currently, XRP is trading at $1.56, with a 24-hour low of $1.43 and a high of $1.57. It boasts a market cap of $89 billion and a trading volume of $6 billion, holding a market dominance of 2.66% as the 6th largest cryptocurrency globally. Stay tuned for crypto prices today as the XRP rally unfolds.

Meme Coins Performance Today

Meme coins are also experiencing bullish momentum today, with Dogecoin (DOGE) up by 1%, currently trading at $0.40, with a 24-hour low of $0.39 and a high of $0.41. Similarly, Shiba Inu (SHIB) has gained 2% in the past 24 hours, now trading at $0.00002589. As Bitcoin nears $100K, many are closely watching the price prediction of Shiba Inu.

Other top meme coins, including PEPE, BONK, and WIF, have also shown a 3-4% increase in the last 24 hours. Keep an eye on crypto prices today as the market continues to move.

Top Crypto Gainer Prices Today

Algorand

Algorand’s (ALGO) price is trading at $0.35, marking a 25% gain in the last 24 hours, making it the top gainer during this period. Its 24-hour low and high are $0.28 and $0.35, respectively.

Worldcoin

Worldcoin (WLD) price is trading at $2.80, up by 15% in the last 24 hours, with a 24-hour low of $2.48 and a high of $3.05. Analysts are noting that WLD price will rally, supported by strong technical indicators and increasing trading volume. These factors suggest that Worldcoin may be positioned for continued upward momentum in the coming days.

Top Crypto Loser Prices Today

Ethena

Ethena (ENA) price has seen a 5% decline in the last 24 hours, now trading at $0.71. Its 24-hour low and high are $0.6853 and $0.7601, respectively.

Fantom

Fantom (FTM) price has been one of the worst performers in the last 24 hours, down by 5%. It is currently trading at $0.102, with a 24-hour low of $0.98 and a high of $1.1032.

The hourly chart looks bullish, with most major altcoins in the green, indicating positive momentum across the market. Algorand (ALGO) continues its upward movement, with prices continuing to rise. Overall, the crypto prices today have strong bullish signs, which could be a positive signal for investors looking for growth in the coming days.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Dips Below $95K, RUNE and INJ Drop 11%

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3 hours ago

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January 9, 2025

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Crypto market today remains in bearish territory as Bitcoin dipped below the $95K mark. Major altcoins followed the downtrend, with several tokens trading in the red. THORChain (RUNE) and Injective (INJ) became the worst performers, both dropping 11% from their daily highs.

The global crypto market today fell by approximately 2%, bringing the total market cap to $3.33 trillion. However, trading volume showed a slight increase of 4% over the last 24 hours, reaching $168 billion. Let’s take a closer look at the top cryptocurrencies by market cap and their current prices.

Crypto Market Today: BTC, ETH, SOL Drop in Bearish Trend

The crypto market today saw a continued bearish trend, with Bitcoin (BTC) down 3%, Ethereum (ETH) falling 2%, and Solana (SOL) dropping 2.5%. Despite the downturn, a positive sign emerged as Bitcoin whales began accumulating BTC once again.

Bitcoin Market Today: BTC Drops 3%, ETF Outflows Continue

Bitcoin price was trading at $94,390, reflecting a 3% drop in the last 24 hours. The 24-hour low and high for BTC stood at $92,559 and $96,666, respectively.

As per SoSo Value data, BTC ETFs witnessed an outflow of $458 million. Fidelity led the sell-off, offloading $258 million worth of Bitcoin. Ark and 21Shares also sold $148 million in Bitcoin, while data from BlackRock’s ETF remains anticipated.

Ethereum Market Today: ETH Price Down 1.5%, ETF Outflows Surge

Ethereum price was down by 1.5%, currently trading at $3,325. The 24-hour low and high for ETH were recorded at $3,210 and $3,387, respectively.

ETH ETFs saw an outflow of $159 million in the past 24 hours, with Fidelity contributing $147 million to the sell-off. The ongoing bearish sentiment continues to impact the crypto market today, reflecting declining prices and significant fund outflows from major institutions.

XRP Market Today: Only Gainer Among Top 10 Coins

XRP price stood out as the only coin in the top 10 to register a gain, rising by 0.40% in the last 24 hours. It was trading at $2.351, with a 24-hour low of $2.214 and a high of $2.396. Additionally, Ripple’s stablecoin RLUSD has been listed on the Bitstamp exchange, adding more utility to the XRP ecosystem.

Solana Market Today: SOL Price Drops 2%

Solana (SOL) price was down by approximately 2%, currently trading at $195.45. Its 24-hour low and high were recorded at $189 and $199, respectively.

SOL PriceSOL Price
SOL Price

Crypto Market Gainers Today

XDC Network

XDC price was up by 7%, now trading at $0.0973. Its 24-hour low and high were $0.087 and $0.0975, respectively. With a market cap of $1.45 billion and a trading volume of $59.35 million, XDC stands out amidst the crypto market today’s overall downturn.

Monero

XMR has been the 2nd top gainer for today, with its price trading at $196, reflecting a 4% increase. Its 24-hour low and high were recorded at $183 and $201, respectively. With a market cap of $3.61 billion and a trading volume of $86.49 million.

Hyperliquid (HYPE), GateToken (GT), and NEO token have also shown gains in the crypto market today, with each token up by 2% to 4% in the last 24 hours. Despite the broader market’s bearish trend, these tokens have managed to perform well.

Crypto Market Losers Today

THORChain

RUNE price was down by 11%, currently trading at $3.94. Its 24-hour low and high were recorded at $3.86 and $4.35, respectively, reflecting a significant decline in the crypto market today.

Injective

INJ price was down by 11% in the last 24 hours, trading at $21.60, with a 24-hour low of $20.54 and a high of $23.88. Despite the downward trend in the market, INJ price has been up by 11% in the last quarter and saw a 13% increase in the past week after the community passed a major governance proposal, amid growing market interest in AI coins.

WIF, MOVE, AIOZ, and SPX have also faced a decline of 7% to 9% in the last 24 hours. This adds to the overall bearish sentiment in the market.

Besides this, the hourly chart also shows a bearish sentiment in the crypto market, with Bitcoin down by 0.13% in the last 24 hours. Fartcoin dropped by 4% in the last hour, and major altcoins are also in the red, reflecting continued selling pressure across the market.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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FTX Breaks Silence On Backpack’s Alleged Acquisition Of The Defunct Exchange

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7 hours ago

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January 9, 2025

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FTX issued a formal statement clarifying details surrounding Backpack entities’ claim of acquiring FTX EU Ltd. The clarification, released on January 8, 2025, addresses inaccuracies in Backpack’s January 7 press release, which suggested its involvement in asset recovery for former FTX EU customers.

FTX Highlights Inaccuracy in Backpack’s FTX EU Acquisition Statements

In a recent press release, FTX addressed statements made by Backpack entities regarding its purported acquisition of FTX EU. FTX stated that the January 7, 2025, Backpack announcement was made without FTX’s knowledge or involvement. According to the exchange, Backpack’s press release contain multiple inaccuracies that could mislead stakeholders.

FTX emphasized that 100% of FTX EU share capital is still owned by FTX Europe AG, a subsidiary of FTX. While there was an earlier agreement to sell FTX EU to former insiders of FTX Europe as part of a settlement, the U.S. Bankruptcy Court overseeing the Chapter 11 process has not approved any transfer. The defunct exchange also confirmed that it was unaware of any indirect sale of FTX EU shares to Backpack before this week.

Bankruptcy Court and Asset Recovery Process

In addition, the defunct exchange clarified that Backpack has no role in the U.S. Bankruptcy Court-approved process for returning funds to creditors, including FTX EU’s former customers. The company reiterated that only FTX EU holds responsibility for determining and returning funds owed to its customers. The court’s Chapter 11 plan does not authorize the organization to make distributions to any creditors or former customers.

The defunct exchange further stated that the amounts owed by FTX EU to its customers would be assessed solely by FTX EU following its sale, not by the exchange or the Bankruptcy Court. Therefore, the exchange disclaimed Backpack’s liability for repayments of EU customer funds.

Furthermore, the defunct exchange expressed concerns about the accuracy and completeness of the information presented in Backpack’s materials. The report urged stakeholders to rely only on official FTX communications.

Initial Distributions Under Bankruptcy Plan

The defunct exchange also provided an update on its U.S. Bankruptcy Court-approved Chapter 11 plan of reorganization. The defunct exchange plan became effective on January 3, 2025, with the initial distribution record date set for the same day. Distributions to convenience class claimants are expected within 60 days, subject to regulatory requirements.

Meanwhile, the exchange reaffirmed its commitment to adhering to the court’s processes and ensuring accurate communication with creditors.

These developments come in light of recent media speculation that US President Joe Biden might pardon Sam Bankman-Fried, the founder of the defunct FTX Exchange. Biden’s recent pardon of his son has sparked further rumors that SBF could get the same treatment.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Terraform Co-Founder Do Kwon’s Trial To Begin In 2026

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11 hours ago

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January 8, 2025

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The U.S. criminal fraud trial of Do Kwon, co-founder and former CEO of Terraform Labs, has been scheduled to begin in January 2026. The decision was announced during an initial hearing in Manhattan, as prosecutors and defense attorneys prepare to review an extensive six-terabyte trove of evidence.

Here’s Why Terraform Co-Founder Do Kwon’s Trial Is Delayed Until 2026

According to a recent report from Manhattan’s Southern District Court, the criminal fraud trial of Terraform Co-Founder Do Kwon has been tentatively set for January 2026. This extended timeline accommodates the need for both prosecution and defense to thoroughly review the massive six-terabyte trove of data included in the discovery process.

Prosecutors noted several challenges that contributed to the delay, including difficulties unlocking four cell phones provided by Montenegrin authorities during Kwon’s extradition. Additionally, the data extracted from these devices requires translation from Korean into English.

Therefore, accessing and interpreting data has posed unique hurdles. The encrypted cell phones are expected to contain crucial evidence related to the charges against the Terraform Co-Founder.

 

This Is a Developing Story, Please Check Back For More

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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