📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $57,120
Bitcoin price has rallied from its weekend lows in the $53,000s, reclaiming the $57,000 mark once again to begin Monday.
Top-20 altcoins have had a strong 24 hours of price action, as Ethereum regains 7%, Solana rallies 11% and Cardano rises 6%.
Top Stories for November 29, 2021 🔥
Assets under management (AUM) for Bitcoin funds has fallen 9.5% over the month of November – the largest fall since July of this year.
In contrast, funds based on other cryptocurrencies such as Ether (ETH) and others have had their respective AUM rise by 5.4%. The absolute value of Bitcoin AUM for funds now stands at $48.7 billion, while altcoin AUM stands at $16.6 billion.
MicroStrategy has disclosed yet another mammoth purchase of Bitcoin over the fiscal fourth quarter, purchasing 7000 BTC for a total of $414 million.
A statement by the company said that the average price the coins were purchased for was around $59,000. The purchase brings the company’s total Bitcoin holdings to 121,044 BTC.
Twitter CEO Jack Dorsey, a vocal proponent of Bitcoin, is reportedly stepping down from his position at the social media platform.
Dorsey will be replaced by Parag Agrawal, a 10-year Twitter veteran who was formerly the platform’s chief technology officer (CTO). Dorsey will remain a member of the board until his term expires in 2022.