The global cryptocurrency market capitalization has grown by 1.5% in the past 24 hours, currently standing at $3.33 trillion. However, the total market trading volume has decreased by 12% compared to yesterday, now at $219 billion.
The BTC price chart appears stable, with the current trading price at $98,600. Its intraday low and high prices were $97,122 and $99,655, respectively. Bitcoin's market capitalization is $1.95 trillion, with a 24-hour trading volume of $76 billion.
November 23 Highlights
1. U.S. Congressman Matt Gaetz stated that he will expose corruption, treason, and betrayal related to congressional stock trading.
2. SEC Chair nominee Teresa Goody Guillén said: "Let's make crypto great again."
3. Dan Gallagher declined the position of SEC Chair, focusing on Robinhood.
4. The Trump team is preparing to announce Bessent as the Treasury Secretary, and Bessent has a positive attitude towards cryptocurrencies.
5. Polymarket restricted access for French users due to an investigation by the French gambling regulatory authority.
Altcoin Prices Surge
Cryptocurrency prices on November 23: The broad market rally on Saturday has sparked a global bullish sentiment. Bitcoin has remained stable at around $98,000, while major Altcoins such as ADA, XRP, and AVAX have surged 14% to 25%. Notably, Hedera (HBAR) and Stellar (XLM) have been the best-performing currencies, rising 25% to 55% in the past 24 hours.
1. ADA
The current price of Cardano (ADA) is $1.10, with a 24-hour trading volume of $8,561,238,140. The price has increased by 27.26% in the past 24 hours and 51.49% in the past 7 days. The circulating supply is 35.78 billion ADA, and Cardano's market capitalization is $39,239,616,181.
Cardano (ADA) has recently shown an impressive recovery trend, with the token breaking the $1 price level on November 23, 2024, and surging 28% in the past 24 hours to reach $1.10. This price breakthrough not only breaks the long-term bearish trend but is also accompanied by a significant increase in trading volume, up 150%, with a trading volume of $6.7 billion, indicating a notable increase in market activity.
2. XRP
The current price of the XRP Network (XPR) is $0.001006, with a 24-hour trading volume of $1,664,386. The price has increased by 4.85% in the past 24 hours and 24.93% in the past 7 days. The circulating supply is 26.95 billion XPR, and the XRP Network's market capitalization is $27,118,846.
Over the past two trading days, XRP has outperformed Bitcoin and Ethereum, demonstrating the market's enthusiasm for it. The rise in XRP is based on the support at $1.05, breaking through several important resistance levels and forming a solid upward structure.
3. AVAX
The current price of Avalanche (AVAX) is $43.01, with a 24-hour trading volume of $2,361,499,016. The price has increased by 19.70% in the past 24 hours and 24.77% in the past 7 days. The circulating supply is 409.14 million AVAX, and Avalanche's market capitalization is $17,581,317,920.
Last year, Avalanche gained recognition as the preferred public chain for traditional enterprises to issue crypto assets, thanks to its collaborations with financial giants like Fidelity and JPMorgan. Especially with Avalanche's customizable subnet feature, more traditional companies are likely to partner with Avalanche, which has a first-mover advantage, to issue real-world asset (RWA) tokens.
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