Cryptocurrency Price Today (November 20): Bitcoin Marks New ATH, Briefly Reaches Nearly $94,000
Cryptocurrency price on November 20 quick take: The global market cap dipped to $3.07 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, touched a new all-time high early Wednesday, nearly touching $94,000 before settling down at $92,000 at the time of writing. It is largely believed that the debut of Bitcoin exchange-traded fund (ETF) led to the latest rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor losses as the overall Market Fear & Greed Index stood at 82 (Extreme Greed) out of 100, as per CoinMarketCap data. Memecoin BONK became the top gainer, with a 24-hour jump of nearly 10 percent. Hedera (HBAR), which was the biggest gainer over the past two days, became the biggest loser today, with a 24-hour dip of nearly 20 percent.
The global crypto market cap stood at $3.07 trillion at the time of writing, registering a 24-hour dip of 0.40 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $92,100.52, registering a 24-hour gain of 0.47 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 77.24 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,098.38, marking a 24-hour loss of 1.34 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 dip of 0.93 percent, as per CoinMarketCap data, currently priced at $0.3852. Dogecoin price in India stood at Rs 31.57.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 4.63 percent. At the time of writing, it was trading at $84.75. LTC price in India stood at Rs 7,869.61.
Ripple (XRP) Price Today
XRP price stood at $1.07, seeing a 24-hour loss of 4.26 percent. Ripple price in India stood at Rs 97.57.
Solana (SOL) Price Today
Solana price stood at $233.45, marking a 24-hour dip of 3.21 percent. SOL price in India stood at Rs 20,332.55.
Top Crypto Gainers Today (November 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bonk (BONK)
Price: $0.00005459
24-hour gain: 9.94 percent
Cronos (CRO)
Price: $0.1794
24-hour gain: 7.98 percent
Render (RENDER)
Price: $7.96
24-hour gain: 7.08 percent
UNUS SED LEO (LEO)
Price: $8.30
24-hour gain: 6.51 percent
Brett (Based) (BRETT)
Price: $0.1704
24-hour gain: 6.30 percent
Top Crypto Losers Today (November 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Hedera (HBAR)
Price: $0.1224
24-hour loss: 19.31 percent
Kaspa (KAS)
Price: $0.1562
24-hour loss: 11.11 percent
Ethena (ENA)
Price: $0.5175
24-hour loss: 8.35 percent
Raydium (RAY)
Price: $5.38
24-hour loss: 7.83 percent
Gala (GALA)
Price: $0.02855
24-hour loss: 7.46 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin rallied to a fresh all-time high of $94,000, driven by the debut of the first Bitcoin ETF options. BlackRock's Option saw a record $1.9 billion in trading volume on its first day, fueling Bitcoin's price rally. However, profit-taking following the peak has pulled BTC back to its current level of $92,000. Meanwhile, escalating Ukraine-Russia tensions have put investors in a cautious mode. Bitcoin now faces resistance at $94,600, with support holding steady at $90,400.”
CoinSwitch Markets Desk noted, “Bitcoin (BTC) hit a new all-time high of $93,905 on Tuesday, driven by Wall Street’s introduction of options trading on spot Bitcoin ETFs—a move expected to boost institutional adoption. However, BTC has since retraced, trading below $92,000 as the market takes a breather. Meanwhile, MicroStrategy’s Michael Saylor revealed plans to pitch Microsoft on adding Bitcoin to its treasury, arguing it would enhance the company’s stability and reduce risk.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin climbed to a new all-time high, nearing $94,000, pushing its market capitalization to around $1.85 trillion, making it the seventh largest asset in the world. The rally began after the US election on November 5, when Bitcoin traded around $68,000 and quickly climbed to $75,000. It peaked at $93,477 last week before entering a brief consolidation phase. A recent move above $93,000 fueled speculation of a possible move toward $100,000, further fueled by heavy buying from MicroStrategy and others. With this increase, Bitcoin is closing in on Alphabet and Amazon in market capitalization.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin has achieved a remarkable milestone, climbing to a high of $93,907 following the launch of spot Bitcoin exchange-traded fund (ETF) options on the Nasdaq. Investors highlight that this new trading option enhances market sophistication and provides greater flexibility for investment strategies, potentially attracting more institutional capital. Even though regulatory changes are important, full adoption depends on closer connections with conventional finance, allowing for more advanced investment approaches and a strong market ahead. Investors maintain a positive perspective, foreseeing ongoing price increases for Bitcoin and a rise in trading volumes for different ETFs.”
Sumit Gupta, co-founder, CoinDCX, said, “Bitcoin surged to a record high, surpassing $94,000 and reaching $94,078 at the close of the previous session. This rally was fueled by reports that Donald Trump's social media company was in talks to acquire crypto trading firm Bakkt, sparking optimism about a more crypto-friendly environment under the upcoming Trump administration. The introduction of options trading for BlackRock’s iShares Bitcoin Trust (IBIT) is another milestone, potentially boosting liquidity and providing investors with more ways to gain exposure to the asset. This development represents a crucial turning point in Bitcoin's evolution, highlighting the growing institutional interest and a shift in market dynamics. For crypto traders and investors, Bitcoin’s recent surge marks the start of a larger movement towards mainstream adoption, with its future price potential looking more promising than ever.”
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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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