Compass Investments

– Today’s cryptocurrency price (2024/11/27): Bitcoin will return from the $90,000 mark and FTM will soar to 9.5%

BTC price is down 2% , testing a significant support level and maintaining a market advantage of 57.34% .

While Ethereum, Solana and XRP prices are falling, Fantom and Algorithm are leading the top 100 growth leaders.

the Fear and Greed Index shows extreme greed of 80 points.

the cryptocurrency market is showing mixed signals today, and the prices of many cryptocurrencies have fallen significantly. In the past 24 hours, the global cryptocurrency market volume fell 1.89% to $3.19 trillion. Amid the slight downturn, investors took the opportunity to buy back some stocks, resulting in a 6.85% increase in intraday trading volume to reach 224.03 billion yen. With this development, the Fear and Greed Index still shows extreme greed at 80 points.

The bitcoin price, which broke local highs, fell 2 percent from the previous day to 9992.479.61. Despite the pullback, BTC’s trading volume fell 7.94 percent to 991.22 billion.Ethereum, the largest altcoin, fell 0.98 percent on the daily chart, showing bearish sentiment. Solana and XRP also showed sharper declines, falling 3.46% and 5.60% respectively.

For traders tracking Bitcoin’s further movements, the 24-hour low of 9070.82 could be an important level to watch. Study our Bitcoin price forecast to understand its future trajectory.

Amid the correction in the cryptocurrency market, Fantom was the leader among the top 100, gaining 9.57% . They were followed by Algorithmand and Injective with gains of 7.97% and 7.90% , respectively.

Stellar shares, meanwhile, showed the sharpest decline of 12.95% . Sandbox and Dogwifhat also suffered significant losses, falling by 9.70% and 9.31% , respectively.

The cryptocurrency market remains volatile, and the recent drop in bitcoin has affected investor sentiment. Altcoins continue to show multidirectional dynamics: some of them are gaining momentum, and some are experiencing strong selling pressure.

1. What determines the current trend in the cryptocurrency market?

The market is experiencing a combination of profit taking and increased trading activity, as well as fluctuations in investor sentiment characterized by extreme greed.

2. Which cryptocurrency is performing the best today?

Fantom is up 9.57% , followed by Algorithand (7.97% ) and Injective (7.90% ).

3. Should I be careful when the Fear and Greed Index is 80?