Let’s explore key price movements, major catalysts, on-chain activity, regulatory updates, and events that influence major crypto coins throughout the day.
The crypto market moved higher today, on Nov. 24. The renewed strength injected fresh momentum into digital assets after several weeks of sustained downward pressure.
AI-linked cryptocurrencies surged to a $20.7 billion market cap on November 24 following Amazon’s announcement of a $50 billion investment in AI and supercomputing infrastructure for US federal agencies, with construction set to begin in 2026.
The crypto AI sector rallied 5.2% with NEAR Protocol leading gains at 5.7%, while cumulative intraday volume reached $3.3 billion as traders rotated into AI-adjacent assets amid growing institutional adoption signals.
Crypto AI tokens rally to $20.7 billion on Nov. 24 | Source: Coingecko
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Dogecoin remained stagnant below $0.15 on November 24, breaking its historical pattern of rallying on Elon Musk-related news despite the Tesla CEO announcing a major AI chip manufacturing breakthrough that sent Tesla shares up 7.5% to a $1.2 trillion market cap.
Most people don’t know that Tesla has had an advanced AI chip and board engineering team for many years.
— Elon Musk (@elonmusk) November 23, 2025
That team has already designed and deployed several million AI chips in our cars and data centers. These chips are what enable Tesla to be the leader in real-world AI.
The…
DOGE open interest dropped 1.5% to $1.43 billion as traders closed $20 million in futures positions in a clear “sell the news” pattern, with the long-short ratio declining to 0.98, indicating new contracts are predominantly bearish bets against the memecoin.
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Monad’s mainnet launched on November 24 with its MON token falling 15% from pre-market levels of $0.032-0.034 to $0.024, trading below the $2.5 billion ICO valuation.
Monad (MON) price and market data as of November 24, 2025 | Source: CoinMarketCap
The decline follows Coinbase’s $187.5 million launchpad ICO and a $225 million Paradigm-led private round, with analysts attributing the weak performance to supply pressure from airdrops and limited buyer demand after the token generation event unlocked 10% of the 100 billion total supply.
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The Trump family fortune declined by approximately $1 billion over two months as cryptocurrency markets crashed, with their losses significant enough to drop them from Bloomberg’s 500 billionaire index.
Trump Media lost over $800 million on its $2 billion Bitcoin investment purchased at an average price of $115,000, while the family’s WLFI token dropped from $0.26 to $0.15, cutting their initial $6 billion stake by more than half.
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Ethereum is trading largely sideways after a challenging week, during which it dipped to a low of $2,664. Now, the cryptocurrency is attempting to reclaim the $2,850–$2,900 range. ETH is currently trading at $2,812.
ETH’s 24-hour trading volume has jumped 30% to over $23 billion. This surge follows a significant purchase by Tom Lee’s BitMine. The company acquired 28,625 ETH (approximately $82 million).
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