CONTENT
-
Top 20 cryptocurrencies showed significant price increases in November
-
Open interest in cryptocurrencies is constantly increasing
-
Cryptocurrency derivatives market hits record highs
International consortium of news organizations developing transparency standards.
November has become one of the most favorable months for cryptocurrencies. Over the past 30 days, almost all cryptocurrencies from the top 20 have grown in value, and the ETH has become the leader.
Ethereum is steadily rising in price
In early November of this year, the price of bitcoin reached a record high of $ 19,915. However, the main cryptocurrency failed to break through the $ 20,000 mark. Over the past 30 days, MTC has grown in price by 42%, and since the beginning of the year its value has increased by 63%. This is stated in the November analytical report from Binance.
“Thanks to the success of Bitcoin, large-cap altcoins have performed equally well in offering investors opportunities to diversify. As a result, the entire cryptocurrency economy has grown significantly, and the market capitalization of all digital assets in circulation has crossed the $ 560 billion mark, ”the report said..
Ethereum, the second largest cryptocurrency, also experienced phenomenal growth, gaining over 59% in November. The anticipation of the launch of ETH 2.0 created excitement around the project and led to a sharp surge in volatility. At the time of writing, Ethereun is trading in the $ 590 to $ 600 range. Ethereum’s market cap surpasses $ 65 billion.
Another major player in the market, token As the use of cryptocurrencies increases, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More XRP, has recovered from a multi-year decline after a significant jump in prices of more than 177%. The cryptocurrency more than tripled in November from a low of $ 0.22 to a high of $ 0.78. Despite criticism of the company from experts, XRP holders believe that the token will rise in price amid interest in Ripple technology from companies.
The derivatives market continues to grow
The Bitcoin boom has sparked a surge in futures trading volume on major exchanges. Binance Futures celebrated its highest daily trading volume on Thursday, November 26, at over $ 37 billion. Binance Futures’ total trading volume surpassed $ 450 billion in November, the highest monthly volume since inception.
Binance derivatives exchange daily trading volume

Bitcoin contracts accounted for the majority of trading volume in November, averaging over 60% of the total in the first two weeks. Volumes shifted to altcoin contracts in the last two weeks of November as traders ramped up positions in ETH ahead of the launch of the second version of the protocol.
Trading volume in futures on the BTC and ETH
Open interest on Binance hit an all-time high of over $ 2.6 billion, the largest in the industry to date. Average daily open interest rose to $ 1.9 billion in November, up 58% from $ 1.2 billion in October.
A rise in prices coupled with an increase in open interest may indicate an influx of new money into the market. This could be a sign of bullish sentiment if long positions are fueling a rise in open interest.
Open interest in cryptocurrency in November
Overall, November became one of the best months for the cryptocurrency market and contributed to an increase in the total capitalization of the cryptocurrency sector..
Disclaimer
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
Share Article




Similar articles
-
Bitcoin broke through $ 28,000, next stop $ 30,000
Bitcoin News: Apple Buying BTC & Ethereum (The Path to $1 Million Revealed)
CONTENTS Crypto market kicks off Christmas with highs update XRP community is inspired by the news of the replacement of the head of the SEC Top 30 cryptocurrencies by …
Dollar to Drop! Why Oil, Gold, and Euro Rise. Equity Investments. Bitcoin Price
-
Bitcoin loses to small-cap altcoins
CONTENT ETH has overtaken Bitcoin in terms of capitalization Altcoins with low capitalization have become more popular than other cryptocurrencies Experts believe that time …
-
What happened on the crypto market while everyone was asleep – review from February 3
CONTENT Ethereum has updated the absolute maximum value Bitcoin is on the rise Government organizations continue to be interested in investments in the…
-
Cryptocurrency market capitalization exceeded $ 400 billion, but this is still not enough
Dan Morehead: The Next Phase of the Crypto Bull Market (w/ Raoul Pal)
CONTENT Cryptocurrency capitalization is increasing amid the pandemic and the popularization of DeFi Bitcoin accounts for more than half of the total…
-
Gold and silver fall in price, bitcoin next in line – an overview
CONTENTS Gold and silver are falling in value. Bitcoin is next? The price of cryptocurrency does not grow due to market manipulations In the next 3-5 years, the cost …
Recent Comments