Bitcoin (BTC) pushes above $95k again, Ethereum (ETH) hits 6-month high (market view)

After a few days of underperformance, Bitcoin (BTC) is back on the green track with a significant price increase on the 24-hour scale.

The leading altcoins, including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP) and others, have also recorded significant gains.

BTC continues the offensive again

The main cryptocurrency will be very shaky at the end of the weekend and the beginning of this week. On November 26, the estimate briefly fell below $91,000. However, the bulls have come in over the last 24 hours and pushed BTC up to $97,300 (according to CoinGecko data).

Soon after, the price headed south again, reaching the current $95,300. This represents 2% Increase the amount every day and a strong 35% Rising every month.

BTC's recent revival. It comes on the back Increase in US consumer spending and Inflation rate which It remains That's above the Federal Reserve's target of 2 percent. It will be interesting to see the center Bank response Development and whether It will have an impact Leading digital asset value.

Meanwhile, BTC's market cap has risen to $1.9 trillion, with a dominance over altcoins of around 57%.

ETH Leads Altcoin Payments.

Some well-known altcoins have seen more significant pumps than the market leader. Ethereum (ETH) e.g hit A six-month high near $3,700 as Ether ETF flows surge in the United States.

Binance Coin (BNB) and Cardano (ADA) are also among the gainers, recording 5% and 4% daily spikes. Other altcoins in the green realm include Ripple (XRP), Shiba Inu (SHIB), Dogecoin (DOGE), and more. Interestingly, Stellar (XLM), which has been among the top contenders over the past several days, was one of the few to see a modest decline today (November 28).

The total market capitalization of the cryptocurrency sector currently stands at 3.46 trillion dollars, which represents a 1.5% jump from November 27.