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.
Zcash (ZEC) is currently trading at $543, which means that it is down 4.6% over the past 24 hours. The dip follows a volatile week that dragged the token down almost 20%. At the same time, it still holds an impressive 100% gain for the month.
The upcoming re-listing of Zcash on OKX has been a major driver of market sentiment. On Nov. 23, the exchange announced that ZEC will return to spot trading after being removed last year, along with other privacy coins, during regulatory adjustments.
Animoca Brands has secured initial approval to set up a fund management business in Abu Dhabi.
The approval enables the company to take the final steps toward securing full authorization to manage collective investment funds within the Abu Dhabi Global Market.
Before obtaining complete approval, the firm has to meet capital, compliance, and operational standards.
Bitcoin spot ETFs endured another difficult week and logged $1.22 billion in outflows between Nov. 17 and Nov. 21. Over the past month, total withdrawals have reached $4.349 billion.
The only bigger wave of Bitcoin ETF selling occurred from mid-February to mid-March, when $4.806 billion was pulled from the products.
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