Cryptocurrency Price Today: Bitcoin Dips Below $37,000, BGB Becomes Biggest Gainer
Cryptocurrency price on November 14 quick take: The global market cap dipped to $1.40 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, dipped below the $37,000 mark early Tuesday, snapping its recent streak. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board. The 0x Protocol (ZRX) token, which was the biggest gainer yesterday, emerged to be the biggest loser today, with a 24-hour dip of over 14 percent. Bitget Token (BGB) became the biggest gainer, with a 24-hour jump of over 12 percent.
The global crypto market cap stood at $1.40 trillion at the time of writing, registering a 24-hour dip of 1.41 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $36,461.12, registering a 24-hour loss of 1.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 31.76 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,055.99, marking a 24-hour gain of 0.69 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.80 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 2.27 percent, as per CoinMarketCap data, currently priced at $0.07491 As per WazirX, Dogecoin price in India stood at Rs 6.59.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.72 percent. At the time of writing, it was trading at $71.97. LTC price in India stood at Rs 6,200.04.
Ripple (XRP) Price Today
XRP price stood at $0.6602, seeing a 24-hour jump of 0.81 percent. As per WazirX, Ripple price stood at Rs 57.49.
Solana (SOL) Price Today
Solana price stood at $54.11, marking a 24-hour dip of 5.04 percent. As per WazirX, SOL price in India stood at Rs 4,740.01.
Top Crypto Gainers Today (November 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitget Token (BGB)
Price: $0.5495
24-hour gain: 12.71 percent
Frax Share (FXS)
Price: $7.43
24-hour gain: 8.62 percent
Maker (MKR)
Price: $1,394.45
24-hour gain: 7.26 percent
Immutable (IMX)
Price: $1.20
24-hour gain: 5.77 percent
MultiversX (EGLD)
Price: $45.23
24-hour gain: 3.24 percent
Top Crypto Losers Today (November 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
0x Protocol (ZRX)
Price: $0.5241
24-hour loss: 14.21 percent
FTX Token (FTT)
Price: $3.29
24-hour loss: 11.40 percent
Gas (GAS)
Price: $8.47
24-hour loss: 10.81 percent
Cronos (CRO)
Price: $0.09011
24-hour loss: 10.06 percent
Avalanche (AVAX)
Price: $16.68
24-hour loss: 9.50 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “After four weeks of continuously showing green candles and going from $27k to late $37k, BTC (-1.5%) seems to be finally cooling down. It is worth noting that we have seen a 4-continuous weekly green candles only once this year, in January, which was followed by a sharp correction. However, since the trend seems to be on the upside in the medium run, traders seem to be taking more long positions than short due to potential profitability. It is interesting to note that Bitcoin has almost met market expectations as investors believed if $31.5 - $33.5k is breached with volumes, $37.5k could be the next target. If the bullish move continues, the next big resistance line can be drawn near the 41k USD mark.”
Rajagopal Menon, Vice President, WazirX, said, “Crypto markets faced a sharp downturn, triggered by a fake corporate registration for the iShares XRP Trust, due to which XRP briefly surged 10 percent. The fake news intensified the market slump, with BTC hitting a session low, down by 2 percent to around $36,500, while ETH remained flat above $2,000. SOL dropped 8 percent, LINK and AVAX plunged 10 percent and 13 percent, and other altcoins declined 5 -7 percent.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap touched $1.4 trillion with ETH crossing the $2,000 mark for the first time since April this year. The crypto heavyweights like BTC and ETH are riding the ETF wave and the market momentum is expected to continue with heavy liquidity entering the crypto market. Open interest in BTC options surpassed $16 billion as buyers are dominating the current market. We may be witnessing early signs of the next bull run with the market indicators pointing toward a healthy comeback.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, BTC experienced a 1.5 percent decline, while ETH remained relatively stable with a modest 0.5 percent gain. From a technical standpoint, BTC appears to be undergoing a slight correction following a significant rally. Critical support levels to monitor include approximately $36,000, $35,150, $34,500, and $33,400. On the other hand, resistance levels to be aware of are $38,000 (supply zone) and $39,500.”
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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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