Bitcoin is currently priced at $97,185 with +0.82% increase from the last 24 hours, while Ethereum is at $3,708, up by +0.14% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.3% long versus 49.7% short positions. The Fear and Greed Index, which measures market sentiment, was at 81 yesterday and is at the Extreme Greed level at 80 today.
Today in crypto, Ripple’s XRP overtakes Solana’s market cap, NFTs surge by 57.8% in monthly sales for November as digital collectibles regain momentum and surged to $562 million in sales, and Bitcoin achieves an unprecedented $26,400 price gain in a single monthly candle. These records highlight the growing strength of blockchain markets.The crypto market is surging with milestones across trading, DeFi, and blockchain innovation.
What’s Trending in the Crypto Community?
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Ethereum Foundation researcher: Ethereum L1 will gradually improve in the future, with significant performance enhancements for L2 within months
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Ethereum price rebound drives NFT market recovery, with November NFT sales reaching a six-month high at $562 million.
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Pump.fun has generated $368 million in total fee revenue since launch, with a total of 4,038,775 tokens deployed.
Crypto Fear & Greed Index | Source: Alternative.me
Trending Tokens of the Day
Top 24-Hour Performers
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Bitcoin’s Historic $26,400 Monthly Gain
BTC/USD 1-month chart. Source: Cointelegraph/TradingView
Bitcoin posted a record-breaking gain of $26,400 in November. It closed the month at $96,400. This 37% surge marked its second-best month of 2024. Daily trading volumes exceeded $42 billion and peaked at $55 billion on November 30. Bitcoin dominance rose to 54.7% from 52% at the start of the month.
Bitcoin futures open interest climbed to $63 billion from $50 billion in October. This reflects rising institutional confidence. Analysts identified $98,500 as a key resistance level. Breaking this point could push Bitcoin above $100,000.
Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles
Source: Carl Menger on X
Over 9 million new wallets were created in November. The month’s rally is driven by regulatory optimism and growing adoption. Analysts predict Bitcoin could hit $100,000 by year-end.
Read more: A Beginner’s Guide to Buying Your First Bitcoin on KuCoin
BTC/USD monthly % gains (screenshot). Source: CoinGlass
XRP Overtakes Solana with $122 Billion Market Cap
Cryptocurrency rankings by market cap. Source: CoinMarketCap
Ripple’s XRP reached a market cap of $122 billion on December 1, surpassing Solana’s $111.9 billion to become the fourth-largest cryptocurrency. XRP gained 79% from October’s $1.22 low to hit $2.19. This is its highest price in seven years.
Ripple secured three partnerships with financial institutions managing over $400 billion in assets. Investors expect approval of an XRP ETF in the U.S. and Ripple's RLUSD stablecoin in New York.
Daily XRP trading volume surged to $7.3 billion on December 1 from a $4.1 billion average in October. Active wallet addresses rose 45% to 1.8 million.
While Solana dropped to fifth place, it held $9.2 billion in total value locked (TVL). Solana’s DEXs hit $100 billion in trading volume, driven by renewed memecoin activity.
Read more: Will Gensler's Resignation Propel an XRP Rally as Bitcoin Nears $100K?
NFT Sales Reach $562 Million in November
NFT sales volume from May to December 2024. Source: CryptoSlam
NFT sales reached $562 million in November. This is a 57.8% increase from October’s $356 million. It is the highest monthly sales volume since May’s $599 million. Total NFT sales for 2024 now exceed $4.9 billion.
CryptoPunks led the market recovery. Its floor price rose from 26.3 ETH ($97,000) on November 1 to 39.7 ETH ($147,000) by November 30. This marks a 51% gain. Bored Ape Yacht Club saw a 42% rise in average sale price. Azuki NFTs increased 38%.
OpenSea and Blur recorded $1.8 billion in combined trading volume. Blur accounted for 58% of this activity with aggressive incentives. Unique buyers reached 732,000 in November, up from 611,000 in October. Active wallets rose by 34% to 1.2 million.
Despite gains, the NFT market remains below its March peak of $1.6 billion. Analysts link the recovery to broader crypto market momentum and rising interest in premium collections.
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Conclusion
November was a historic month for crypto. Bitcoin gained $26,400 setting a new monthly record. XRP rose to $122 billion in market cap, overtaking Solana. NFTs hit $562 million in sales showcasing renewed interest in digital assets.
As December begins markets prepare for Bitcoin’s push toward $100,000 XRP’s ETF approval prospects and further NFT growth. Blockchain innovation and adoption continue to redefine financial markets.
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