Bitcoin ETF to Drive Market Momentum?

The crypto market today has been showcasing an upbeat momentum since Asian trading hours, with the market cap climbing by 1.74% to $3.08 Trillion.

The crypto market has displayed an optimistic trend since the commencement of Asian trading hours. The total market cap has experienced an increment, rising by 1.74% to stand at $3.08 Trillion. Moreover, trading activity has also surged, with the 24-hour volume increasing by 19.13% to reach $186.37 billion. As a result, the market sentiments are bullish, which is highlighted by the Fear & Greed Index’s “Extreme Greed” score of 83.

Bitcoin ETF to Drive Market Momentum?

Bitcoin, maintaining its market dominance at 58.85%, has continued its upward trajectory, currently trading at $92,089.72, indicating a 1.78% price increase in the past 24 hours. The intraday trade volume has also surged by a significant 36.90% to reach $70.18 billion, boosting its market cap to $1.82 trillion.

In exciting news, the Options Clearing Corporation (OCC) has confirmed that it is ready to begin clearing and settling options on spot Bitcoin ETFs. Market anticipation suggests that Bitcoin ETF options will soon debut on Nasdaq, which could instill greater investor confidence and drive record inflows.

Curious about BTC’s outlook? Our comprehensive Bitcoin Price Prediction might provide the answers you’re seeking.

Altcoin Watch: ETH, SOL, XRP

Ethereum has posted a notable gain of 2.45%, taking its price to $3,147.62, and further cementing its position as a key player in the crypto business. Solana has also mirrored this positive movement, advancing 1.36% to reach $246.01. However, XRP has faced a minor setback, dipping by 0.92% to $1.12 despite the broader market rally.

For a closer look at what might be next for Ethereum, check out our Ethereum Price Prediction.

Top Gainers & Losers

Hedera is leading the charge among the top 100 altcoins, skyrocketing by 30.47% to reach $0.1445. Tezos follows next with a 32.97% gain to $1.12, while Brett shows a healthy 13.35% climb to $0.1828. On the flip side, Cronos is struggling, down 12.41% at $0.1695, alongside Flare and Ethena, which have slipped by 2.90% and 2.39% to $0.02051 and $0.5571, respectively.

With the market displaying strong momentum, particularly in Bitcoin and select altcoins, investors are watching closely as November shapes up to be an eventful month for crypto enthusiasts.

Subscribe to stay updated for more market insights as the crypto landscape continues to shift.

FAQs

Bitcoin (BTC) is currently priced at $92,089.72

1 Ethereum (ETH) token costs $3,147.62

Hedera, Tezos, and Brett lead the top 100 gainers today with gains of 30.47%, 32.97%, and 13.35% respectively.

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