Cryptocurrency Gain Modestly On Nov 27,2021; Bitcoin At $54,758

Over the previous day, global market cap has recorded a minor gain of over 1 percent and as on November 27, 2021 stands at $2.49 trillion, Volume in the market however has plunged a great deal by over 32 percent.

Cryptocurrency Gain Modestly On Nov 27,2021; Bitcoin At $54,758

Meanwhile, there are seen modest gains in most notable cryptocurrencies including the most popular and largest crypto by market cap and volume. At around the time of writing this copy at around 11:41 pm, bitcoin as per coinmarketcap.con quoted higher by over 0.9 percent over the last 24 hours at a price of $54,758. Other mainstream cryptos such as Ethereum, Solana and Dogecoin also traded with minor gains of just over 1 percent. While cryptos like Tether, USD Coin, Litecoin and Polygon traded in the red.

On Friday, after the new Covid variant detected in South Africa roiled cryptocurrencies too and bitcoin fell to near $54k, President Bukele in a tweet said that the government of El Salvador has bought 100 more bitcoin. "El Salvador just bought the dip. 100 extra coins acquired with a discount," Bukele said. Bitcoin in September this year became the legal tender in El Salvador.