Cryptocurrency Market Update
CryptoCurrents Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, maintained a position above the $37,000 threshold early on Tuesday. In contrast, Ethereum (ETH) sustained its position above $2,000, buoyed by ongoing speculation around ETF possibilities. Other well-known altcoins, such as Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE), experienced minor declines collectively. Notably, ApeCoin (APE) saw the most significant gain, surging by over 8 percent in a 24-hour period, while Arweave (AR) emerged as the biggest loser, with a nearly 12 percent dip.CryptoCurrents
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Cryptocurrency price on November 21 quick take: The global market cap rose to $1.42 trillion.
At the time of writing, the global cryptocurrency market cap reached $1.42 trillion, reflecting a 0.52 percent gain in the past 24 hours.
Bitcoin (BTC) Price and Performance : CryptoCurrents
The price of Bitcoin stood at $37,489.62, indicating a 0.93 percent increase over the last 24 hours, according to CoinMarketCap. WazirX reported the BTC price in India at Rs 32.86 lakh.CryptoCurrents
Ethereum (ETH) Price and Performance
Ethereum’s price reached $2,018.57, marking a 0.94 percent gain within the 24-hour period. In India, WazirX reported the Ethereum price at Rs 1.78 lakh.
Other Altcoins
- Dogecoin (DOGE) experienced a 3.39 percent loss, currently priced at $0.07724, with an Indian price of Rs 6.82.
- Litecoin (LTC) saw a 0.69 percent dip, trading at $69.84, with an Indian price of Rs 6,199.63.
- Ripple (XRP) recorded a 1.54 percent loss, standing at $0.6142, and Rs 53.79 in India.
- Solana (SOL) faced a 6.66 percent dip, with a price of $56.05 and Rs 5,080 in India.CryptoCurrents
Top Crypto Gainers Today (November 21)
CoinMarketCap data highlights the top five gainers in the past 24 hours:
- ApeCoin (APE)
- Price: $1.50
- 24-hour gain: 8.63 percent
- PancakeSwap (CAKE)
- Price: $2.68
- 24-hour gain: 7.61 percent
- Binance (BNB)
- Price: $263.36
- 24-hour gain: 6.45 percent
- Gnosis (GNO)
- Price: $189.92
- 24-hour gain: 5.46 percent
- Klaytn (KLAY)
- Price: $0.1802
- 24-hour gain: 5.36 percent
Top Crypto Losers Today (November 21)
The top five losers in the past 24 hours are:
- Arweave (AR)
- Price: $8.03
- 24-hour loss: 11.96 percent
- Celestia (TIA)
- Price: $5.86
- 24-hour loss: 11.59 percent
- Kaspa (KAS)
- Price: $0.1284
- 24-hour loss: 11.43 percent
- ORDI (ORDI)
- Price: $20.46
- 24-hour loss: 11.06 percent
- dYdX (ETHDYDX)
- Price: $3.03
- 24-hour loss: 10.55 percent
Expert Insights on the Current Market Scenario
Experts share their perspectives on the current market situation:
- Edul Patel, Mudrex co-founder, and CEO: “Bitcoin is trading at the $37,500 level as market participants await insights from the US FOMC meeting today. Bitcoin has surged by over 126 percent since the beginning of the year…”
- Rajagopal Menon, Vice President, WazirX: “Bitcoin at $37,000 has defied many projections of a correction phase…”
- Sathvik Vishwanath, CEO and co-founder of Unocoin: “Bitcoin is currently trading at $37,489 showing a slight uptrend of 0.13 percent…”
- Shivam Thakral, CEO of BuyUcoin: “The crypto heavyweights like Bitcoin and Ether continue to lead the strong market rally riding on the ETF wave…”
Recent Developments in the Crypto Space
CoinSwitch Markets notes recent developments, including volatility in AI-related tokens and the acquisition of Coindesk by a crypto exchange called Bullish.
CoinDCX Research Team’s Observations
CoinDCX Research Team highlights the mixed trading of altcoins due to BTC’s sideways movement and the impact of BNB coin following reports of the US Government seeking over $4 billion from Binance.CryptoCurrents
Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky…
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