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Bitcoin hits $99,000 as market cap rises to $3.26T

Bitcoin hits $99,000 as market cap rises to $3.26T

GrafaGrafa2024/11/22 15:50
By:Isaac Francis

The cryptocurrency market has seen notable gains, with Bitcoin (CRYPTO:BTC) hitting a historic high of $99,000.  

This milestone marks a significant moment for the leading cryptocurrency, which now boasts a market capitalisation of $1.95 trillion and a dominance of 59.53% in the market.  

Data from Sosovalue indicates institutional interest, as $397 million flowed into Bitcoin ETFs on Thursday.  

Ethereum (CRYPTO:ETH) also recorded strong performance, trading at $3,331 after a 9% increase.  

With a market capitalisation of $400 billion and a 24-hour trading volume of $52 billion, Ethereum maintains its position as the second-largest cryptocurrency.  

Market activity around Ethereum has been further fueled by Vitalik Buterin’s acquisition of the Super Anon (CRYPTO:ANON) token on Base, sparking interest in privacy-focused projects.  

Solana (CRYPTO:SOL) achieved a 12% increase, reaching $261 and attaining a market capitalisation of $122 billion.  

Meanwhile, XRP (CRYPTO:XRP) surged by 25% to $1.36, bringing its market value to $78 billion.  

Among meme coins, Shiba Inu (CRYPTO:SHIB) rose by 7%, and Dogecoin (CRYPTO:DOGE) gained 6%, alongside smaller coins such as PEPE (CRYPTO:PEPE), BONK (CRYPTO:BONK), and WIF (CRYPTO:WIF), which saw increases between 6% and 13%.  

The FTT (CRYPTO:FTT) token led the market as the top gainer, climbing 34% to $2.68.  

Optimism (CRYPTO:OP) also recorded a 24% rise, trading at $2.03.  

However, some cryptocurrencies like FLOKI (CRYPTO:FLOKI) and Peanut the Squirrel (CRYPTO:PNUT) faced declines of 5% and 3%, respectively.  

At the time of reporting, the Bitcoin price was $99,104.73. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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