Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued its bull run over the weekend and crossed the $91,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw notable gains across the board as the overall Market Fear & Greed Index stood at 84 (Extreme Greed) out of 100, as per CoinMarketCap data. Hedera (HBAR) became the biggest gainer, with a 24-hour jump of over 40 percent. Internet Computer (ICP) became the biggest loser, with a 24-hour loss of nearly 9 percent.
The global crypto market cap stood at $3.09 trillion at the time of writing, registering a 24-hour jump of 1.53 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $91,732.01, registering a 24-hour gain of 1.36 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 77.24 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,175.17, marking a 24-hour gain of 0.15 percent at the time of writing. Ethereum price in India stood at Rs 2.64 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.79 percent, as per CoinMarketCap data, currently priced at $0.3798. Dogecoin price in India stood at Rs 31.57.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.01 percent. At the time of writing, it was trading at $92.95. LTC price in India stood at Rs 7,869.61.
Ripple (XRP) Price Today
XRP price stood at $1.15, seeing a 24-hour jump of 7.30 percent. Ripple price in India stood at Rs 97.57.
Solana (SOL) Price Today
Solana price stood at $241.63, marking a 24-hour gain of 1.26 percent. SOL price in India stood at Rs 20,332.55.
Top Crypto Gainers Today (November 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Hedera (HBAR)
Price: $0.123
24-hour gain: 41.73 percent
Mantra (OM)
Price: $4.21
24-hour gain: 24.71 percent
Cronos (CRO)
Price: $0.1773
24-hour gain: 10.56 percent
Stellar (XLM)
Price: $0.225
24-hour gain: 10.46 percent
AIOZ Network (AIOZ)
Price: $0.8276
24-hour gain: 9.09 percent
Top Crypto Losers Today (November 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Internet Computer (ICP)
Price: $9.16
24-hour loss: 8.16 percent
Brett (Based) (BRETT)
Price: $0.1637
24-hour loss: 5.87 percent
Jupiter (JUP)
Price: $1.20
24-hour loss: 5.81 percent
dogwifhat (WIF)
Price: $3.65
24-hour loss: 5.32 percent
Mog Coin (MOG)
Price: $0.00000249
24-hour loss: 5.20 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin saw minor selling pressure over the weekend falling to $88,700 but quickly recovering to the current $90,600. While Bitcoin ETFs saw another week with over a $1 billion inflow, Ethereum ETFs too are gaining momentum with $515 million inflows in the past week. Meanwhile, altcoins like Solana, XRP, and Dogecoin have picked up pace, going up as much as 12% in a day. For Bitcoin, the next resistance level is at $93,400, with strong support at $88,300.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The U.S. is defining a new financial strategy through the proposed Bitcoin Act of 2024 and plans to create a Strategic Bitcoin Reserve of 1,000,000 Bitcoins within five years. The acquisition of up to 200,000 Bitcoins every year in an open and transparent manner will ensure that Bitcoin becomes yet another part of the traditional stores of value, though more resilient, resistant to inflation, and unaffected by tradition. With the price of Bitcoin going beyond $90,000, this step reflects its increasing worldwide recognition and strategic value for economic stability and security, making it a global leader within the developing financial arena.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin continues to hover around $90,000 with weekly gains nearing 13% as the weekly close approaches. BaroVirtual, a contributor to CryptoQuant, suggests that BTC/USD may be entering a new phase of consolidation. They predict a potential downside target just above $70,000, citing a widening gap between the two key moving average (MA) trend lines, which are now nearly 20% apart. This widening distance may signal a pullback before Bitcoin resumes its upward momentum. Analysts are closely watching these MAs for further signs of price action and trend direction in the near term.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, the cryptocurrency market has witnessed significant developments, particularly with Bitcoin reaching approximately $90,634, marking a 13% increase over the week. This increase shows investors are more confident due to a market opening worth $800 billion. The CEO of Ripple has voiced hope that the recently elected President will implement regulatory changes that could promote a transformative era for the US cryptocurrency market. XRP has also experienced a significant increase, driven by optimism and anticipation of decreased SEC regulation. Looking ahead, predictions indicate that Bitcoin may rise to a range of $99,669 to $100,243 by November 2024. Investors are optimistic about the market and expect significant growth opportunities in the next few weeks.”
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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.