Cryptocurrency Price Today: Ethereum Climbs Above $2,100 For The First Time Since April
Cryptocurrency price on November 10 quick take: The global market cap rose to $1.40 trillion.
Ethereum (ETH), arguably the most popular cryptocurrency after Bitcoin (BTC), managed to climb above the $2,100 mark for the first time since April this year. Bitcoin, on the other hand, managed to hold on to the $36,000 range early Friday. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board. RocketPool (RPL) emerged to be the biggest gainer, with a 24-hour jump of over 24 percent. Conflux (CFX), on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.40 trillion at the time of writing, registering a 24-hour gain of 2.35 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $36,754.71, registering a 24-hour gain of 0.41 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 31.83 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,128.59, marking a 24-hour jump of 10.74 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.82 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.31 percent, as per CoinMarketCap data, currently priced at $0.07403 As per WazirX, Dogecoin price in India stood at Rs 6.40.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.64 percent. At the time of writing, it was trading at $73.92. LTC price in India stood at Rs 6,400.01.
Ripple (XRP) Price Today
XRP price stood at $0.6663, seeing a 24-hour loss of 3.88 percent. As per WazirX, Ripple price stood at Rs 57.60.
Solana (SOL) Price Today
Solana price stood at $47.17, marking a 24-hour jump of 6.89 percent. As per WazirX, SOL price in India stood at Rs 3,910.01.
Top Crypto Gainers Today (November 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
RocketPool (RPL)
Price: $33.61
24-hour gain: 24.01 percent
Lido DAO (LDO)
Price: $2.36
24-hour gain: 17.32 percent
Huobi Token (HT)
Price: $2.83
24-hour gain: 16.10 percent
Ethereum Classic (ETC)
Price: $21.55
24-hour gain: 14.91 percent
THORChain (RUNE)
Price: $3.91
24-hour gain: 14.35 percent
Top Crypto Losers Today (November 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Conflux (CFX)
Price: $0.163
24-hour loss: 9.19 percent
Trust Wallet Token (TWT)
Price: $1.36
24-hour loss: 8.29 percent
PancakeSwap (CAKE)
Price: $2.03
24-hour loss: 7.87 percent
Aave (AAVE)
Price: $98.88
24-hour loss: 7.85 percent
Mina (MINA)
Price: $17.24
24-hour loss: 0.16 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the last 24 hours, Bitcoin breached the $37,000 threshold and settled around $36,800, propelled by optimism surrounding the Bitcoin ETF. To sustain this momentum, Bitcoin must now breach the $37,100 level or face potential support around $36,200. Concurrently, Ethereum has seen impressive growth, surging over 10 percent in the last 24 hours and surpassing the $2,100 level. This surge is attributed to Blackrock's filing for its iShares Ethereum Trust, prompting speculation about the emergence of an Ethereum spot ETF.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “In the last 24 hours, BTC (+1.2 percent) managed to surpass the $37,000 level and hit another 18-month high just below $38,000 before correcting shortly after. However, ETH (+10.5 percent) became one of the major market gainers after news about BlackRock’s plan to file for an ETH-based ETF became public. As an extension, tokens of ETH liquid staking platforms observed a surge, including LDO (+18.9 percent) and RPL (+21 percent). In other news, the crypto VC fund space will see new inflows as Lightspeed Faction, a blockchain-focused VC firm, announced a new $285 million fund that will primarily invest in early-stage blockchain projects.”
Rajagopal Menon, Vice President, WazirX, said, “The prevailing wave of enthusiasm surrounding the prospective Bitcoin spot ETF gains momentum as the initiation window for regulatory approval commences. Bitcoin (BTC) is charting remarkable heights as 2023 unfolds, with a notable surge in its value. While the awaited regulatory approval itself could unfold as analysts predict, potentially propelling Bitcoin's price beyond the $40,000 mark, it's important to note that there remains a timeframe before ETFs become accessible to the general public. This anticipation adds to the dynamic nature of the cryptocurrency market in the early stages of the year.”
CoinDCX Research Team told ABP Live, “BTC experienced a rapid surge to $38,000 in spot and $38,500 in futures but swiftly retreated to $36,000, causing a substantial 20-25 percent drop in many altcoins and triggering numerous liquidations. While some altcoins quickly recovered and continued in positive territory, others shifted from gains to losses. In this volatile scenario, ETH demonstrated resilience, holding its position just below the $2,130 resistance level and registering a noteworthy 10 percent gain within a day. This outperformance against BTC in the last 24 hours may be attributed to the news that BlackRock, a $9 trillion asset manager, officially filed for a Spot Ethereum ETF with NASDAQ. It's worth mentioning that they previously filed for a BTC spot ETF, which is pending approval. The approval of both BTC and ETH spot ETFs could potentially lead to a significant bullish rally in the crypto market.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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