Cryptocurrency Market Update: Bulls in Action Again
The global market cap rose $1.43 trillion. Cryptocurrency price on November 16 quick take Cryptocurrency Price Today 16
Bitcoin (BTC), the world’s oldest and most esteemed cryptocurrency, successfully surpassed the $37,000 threshold once more after a day of decline. Ethereum (ETH) also joined the upward trend, crossing the $2,000 mark. Notably, other prominent altcoins such as Solana (SOL), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) experienced significant gains, riding the wave of positive market sentiment. The ETHDYDX token emerged as the top gainer, showing a remarkable 24-hour surge of nearly 25 percent, while OKB took the lead as the biggest loser with a 24-hour dip exceeding 6 percent.Cryptocurrency Price Today 16
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Current Crypto Market Snapshot
As of the latest update, the global cryptocurrency market cap reached $1.43 trillion, reflecting a 5.15 percent gain over the past 24 hours.
Bitcoin (BTC) Performance Today
Bitcoin’s price is currently at $37,418.66, showcasing a 5.59 percent increase in the last 24 hours. According to WazirX, the price in India stands at Rs 32.70 lakh.
Ethereum (ETH) Update
Ethereum is priced at $2,050.53, marking a 3.84 percent gain in the past 24 hours. In India, the ETH price stands at Rs 1.80 lakh.
Other Major Altcoins : Cryptocurrency Price Today 16
- Dogecoin (DOGE): Registered a 5.51 percent jump, priced at $0.07671. In India, it is valued at Rs 6.57.
- Litecoin (LTC): Experienced a 3.40 percent gain, currently trading at $73.72. In India, LTC is priced at Rs 6,380.
- Ripple (XRP): Priced at $0.6475, showing a 3.02 percent increase. In India, Ripple is valued at Rs 55.99.
- Solana (SOL): Marked a 15.54 percent gain, with a current price of $66.33. In India, SOL is priced at Rs 5,075.05.
Top Crypto Gainers and Losers (November 16)
Top Gainers:
- dYdX (ETHDYDX): Price – $3.98, 24-hour gain – 24.74 percent.
- Celestia (TIA): Price – $6.16, 24-hour gain – 19.03 percent.
- PancakeSwap (CAKE): Price – $2.60, 24-hour gain – 15.27 percent.
- THORChain (RUNE): Price – $5.72, 24-hour gain – 14.04 percent.
- Avalanche (AVAX): Price – $18.94, 24-hour gain – 11.73 percent.
Top Losers:
- Lido DAO (LDO): Price – $2.15, 24-hour loss – 11.13 percent.
- NEAR Protocol (NEAR): Price – $1.51, 24-hour loss – 11.07 percent.
- ApeCoin (APE): Price – $1.38, 24-hour loss – 10.94 percent.
- Decentraland (MANA): Price – $0.4217, 24-hour loss – 10.80 percent.
- Render (RNDR): Price – $2.21, 24-hour loss – 10.07 percent.
Insights from Crypto Exchanges on the Current Market Scenario
Mudrex Co-founder and CEO Edul Patel: Bitcoin’s recent 5 percent surge to around $37,500 signals bullish sentiments in the market, despite no new developments from the US SEC on Bitcoin Spot ETF applications. Altcoins like Solana and Avalanche recorded substantial gains.
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk: Bitcoin saw a 15-month high, approaching $38,000 levels, indicating overall market growth. Altcoins, including the AI token RNDR, led the rally, and Solana continued its rise.Cryptocurrency Price Today 16
Rajagopal Menon, Vice President, WazirX: Cryptos swiftly recovered, reclaiming losses. Bitcoin surged, nearing an 18-month high below $38,000, while Ethereum maintained its value above $2,000. Solana tripled in price over the past month.Cryptocurrency Price Today 16
Sathvik Vishwanath, CEO and Co-founder of Unocoin: Bitcoin’s 6 percent increase, reaching around $37,700, was fueled by aggressive buying and macroeconomic factors. Geopolitical tensions contribute to Bitcoin being perceived as a safe asset.
Shivam Thakral, CEO of BuyUcoin: The crypto market cap surged over 5 percent, touching $1.43 trillion, with Bitcoin and Ethereum leading. Positive regulatory developments and cooling inflation contribute to a healthy market growth.Cryptocurrency Price Today 16
CoinDCX Research Team: Bitcoin edged close to an 18-month high, trading just below $37,500, following a dip below $35,000. Ether exhibited resilience, marking a gain of over 3 percent. Resistance levels to monitor for Bitcoin are in the range of $39,500 to $40,000.
Disclaimer:
Cryptocurrency investments are speculative and carry risks. Readers are advised to seek expert advice and carefully evaluate potential investments. Cryptocurrency market predictions are speculative, and transactions involve market risks.Cryptocurrency Price Today 16
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