Bitcoin stayed above $91,000 on Thursday as U.S. markets were closed for Thanksgiving, a holiday pause that often means lighter trading and calmer price moves. The total crypto market value edged up 0.7% to $3.2 trillion, according to CoinGecko.
Holiday pause, steady price
With traditional markets offline, crypto traded on thinner volumes. Bitcoin rose about 1% in the past day. Ether (ETH) and Solana (SOL) dipped by less than 1%, while XRP fell 1.7% to $2.21.
Key numbers at a glance
- Total crypto market cap: $3.2T (+0.7% daily)
- Bitcoin: +1% (24h)
- ETH, SOL: both under -1% (24h)
- XRP: -1.7% to $2.21
- Liquidations: 82,000 traders, $180M in total; BTC $75M, ETH $27M (CoinGlass)
Liquidations happen when an exchange forcibly closes a leveraged trade because the trader's collateral is not enough to cover losses.
Ethereum ETF demand outpaces Bitcoin funds
Spot Ethereum exchange-traded funds (ETFs) attracted $61 million on Nov. 26, their fourth straight day of inflows, per SoSoValue. Bitcoin ETFs brought in $21 million the same day.
An ETF is a basket of assets that trades like a stock. Inflows to spot crypto ETFs can signal growing interest from larger, more traditional investors who prefer brokerage accounts over crypto exchanges.
Winners and laggards
Most of the Top 100 coins leaned green over 24 hours. Standouts included Kaspa (KAS) up 14%, Flare (FLR) up 12%, and SKY up 10%. On the downside, MemeCore (M), RAIN, and Zcash (ZEC) posted the largest losses.
Why this matters
- Holiday liquidity: When trading is thin, prices can look stable—until a big order hits. Calm sessions can quickly turn volatile.
- ETF tilt toward ETH: Continued inflows to ETH funds suggest investors are diversifying beyond Bitcoin, which could influence market leadership if the trend persists.
- Leverage risk: $180M in liquidations shows traders are still using high leverage. Sharp moves can cascade as positions get auto-closed.
What to watch next
- ETF flows this week: Do ETH inflows keep outpacing BTC, or does Bitcoin retake the lead?
- Funding and futures: Rising leverage could set up bigger swings if liquidity stays thin.
- Macro return: As U.S. markets come back online, watch whether cross-asset moves pull crypto along.