Bitcoin Price and Ethereum Rebound; Litecoin Pumps 30%
On November 24, the leading cryptocurrency, Bitcoin, showed signs of a new recovery, trading at $16,673, despite the release of dovish FOMC meeting minutes during the US session yesterday. Similarly, Ethereum, the second most valuable cryptocurrency, has followed Bitcoin's lead and increased by more than 3% to $1,200.
Major cryptocurrencies were trading in the green early on November 24, as the global crypto market cap increased around 2% in the previous day to $83 billion. In contrast, the total crypto market volume fell over 4% in the last 24 hours to $61.23 billion.
The overall volume in DeFi was $3.57 billion, accounting for 5% of the total 24-hour volume in the crypto market. The overall volume of all stable coins was $58.36 billion, accounting for 95% of the total crypto market 24-hour volume.
Let's take a look at the top 24-hour altcoin gainers and losers.
Klaytn (KLAY), Solana (SOL), and BNB (BNB) are three of the top 100 coins that have gained value in the last 24 hours. The KLAY price has soared by more than 12% to $0.18, the SOL price has grown by more than 10% to $14, and the BNB price has increased by nearly 9%.
WEMIX (WEMIX), Bitcoin Cash (BCH), and Litecoin (LTC) are three of the top 100 coins that have lost value in the last 24 hours.
Whereas Bitcoin Cash and WEMIX have lost over 2% to trade at $113 and $1.50, respectively.
However, Litecoin's 3% loss in the last 24 hours came after a 30% surge in the previous seven days and could simply be a bearish correction.
LTC will be discussed further in the following update.
Minutes from a meeting held by the Federal Reserve earlier this month were made public on Wednesday, and they revealed that participants agreed that future interest rate hikes should be smaller as they
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