The cryptocurrency market experienced a mixed sentiment on November 20, with Bitcoin reaching a new all-time high of $94K before settling above $92K. However, major altcoins showed declines of 2-3% over the last 24 hours. Despite this, GOAT and BONK emerged as top gainers, surging 8-13% in the same period. The global crypto market cap dropped by 0.3% to $3.07 trillion, with a total trading volume of $179 billion, reflecting a 10% decline from the previous day.
Bitcoin continued to dominate the market, hitting an intraday high of $94K before facing a rejection and currently holding above $92K. While Bitcoin posted a 0.5% increase over the last 24 hours, major altcoins experienced slight turbulence, with some trading 2-4% lower. Meme coins such as DOGE and SHIB showed mixed sentiment, with DOGE rising by 1% and SHIB dropping by 3% in the same period.
Ethereum, the second-largest cryptocurrency by market cap, saw a decline of 2.33% and is currently trading at $3,087. With a market cap of $371.5 billion and a 24-hour trading volume of $28 billion, Ethereum holds a market dominance of 12.51%. Solana, the fourth-largest cryptocurrency, is trading at $232, showing a 4.5% decline over the last 24 hours. XRP is currently trading at $1.08, reflecting a 4% drop.
In terms of meme cryptocurrencies, Dogecoin saw a gain of approximately 1.3% and is trading at $0.38, while Shiba Inu (SHIB) is down by 3% and is trading at $0.00002404. Among the top gainers, Goatseus Maximus is up by 12%, trading at $1.20. BONK saw a 10% increase and is trading at $0.00005609. UNUS SED LEO (LEO) is up by 9%, trading at $8.50. On the other hand, top losers include Hedera (HBAR) and Akash Network (AKT) with decreases of 16% and 12.7% respectively.
In conclusion, despite the mixed sentiment in the cryptocurrency market, Bitcoin reached a new all-time high, while major altcoins experienced slight declines. The market continues to see volatility, with some coins showing gains while others suffer losses. Investors should proceed with caution and conduct thorough research before making any investment decisions in the highly volatile cryptocurrency market.
