Nov 28, 03:09 PM

Bitcoin Hits $97K as Ethereum Reaches Five-Month High Amid Hong Kong Tax Cuts and $1.7M Hack

As of November 29, 2024, Bitcoin (BTC) reached a price of $97,000, while Ethereum (ETH) was trading at $3,600, reflecting a 1% decline. Solana (SOL) saw a slight increase to $243, marking a 2% rise. Ethereum has recently hit a five-month high, and its open interest and Layer 2 Total Value Locked (TVL) have also reached new highs. In other significant developments, Hong Kong is set to announce zero taxes on cryptocurrencies, which could impact the market positively. Additionally, the Hyperliquid platform launched with a $4 billion valuation and a $1 billion community airdrop. The crypto sector is experiencing mixed movements, with notable gains in altcoins like ALGO and XRP. A recent hack on the XT exchange resulted in a loss of $1.7 million, highlighting ongoing security concerns in the industry.