Cryptocurrency Price Today: Bitcoin Rises Above $37,000, Terra Classic Becomes Biggest Gainer
Cryptocurrency price on November 27 quick take: The global market cap rose to $1.42 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $37,000 mark early Monday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — saw minor dips across the board. Terra Classic (LUNC) emerged to be the biggest gainer, with a 24-hour jump of over 22 percent. Blur (BLUR), on the other hand, became the biggest loser, with a 24-hour dip of over 10 percent.
The global crypto market cap stood at $1.42 trillion at the time of writing, registering a 24-hour loss of 1.22 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $37,272.16, registering a 24-hour dip of 1.17 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 32.80 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,045.43, marking a 24-hour dip of 1.43 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.81 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.07 percent, as per CoinMarketCap data, currently priced at $0.07843 As per WazirX, Dogecoin price in India stood at Rs 6.94.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.65 percent. At the time of writing, it was trading at $69.53. LTC price in India stood at Rs 6,103.
Ripple (XRP) Price Today
XRP price stood at $0.6099, seeing a 24-hour loss of 1.65 percent. As per WazirX, Ripple price stood at Rs 53.45.
Solana (SOL) Price Today
Solana price stood at $56.75, marking a 24-hour dip of 2.69 percent. As per WazirX, SOL price in India stood at Rs 5,010.01.
Top Crypto Gainers Today (November 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Terra Classic (LUNC)
Price: $0.00009463
24-hour gain: 22.28 percent
Axie Infinity (AXS)
Price: $7.21
24-hour gain: 15.96 percent
Oasis Network (ROSE)
Price: $0.08186
24-hour gain: 3.14 percent
Stacks (STX)
Price: $0.6796
24-hour gain: 1.84 percent
Maker (MKR)
Price: $1,479.66
24-hour gain: 1.76 percent
Top Crypto Losers Today (November 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Blur (BLUR)
Price: $0.5532
24-hour loss: 10.57 percent
Mina (MINA)
Price: $0.7177
24-hour loss: 8.41 percent
Klaytn (KLAY)
Price: $0.2024
24-hour loss: 7.80 percent
Gas (GAS)
Price: $8.27
24-hour loss: 6.55 percent
Pepe (PEPE)
Price: $0.000001094
24-hour loss: 6.41 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin breached the $38,000 threshold, but the bulls could not sustain the momentum and the price consolidated around the $37,300 level. For the bullish trend to persist, Bitcoin now needs to surpass the resistance at $37,700, or risk potentially finding support around $37,100. Meanwhile, Ethereum has remained above the $2,000 level over the same period.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market seems to be back on track by observing a slow price recovery in the last 24 hours. The global crypto M. Cap. rose by 0.2 percent and inched toward the $1.5 trillion level. Investor sentiments continue to be strong as the crypto fear and greed index remains within the greed zone with a score of 66/100. Similar to yesterday’s levels, BTC (+0.3 percent) continues to trade around $37.8k. In fact, based on Glassnode data, 70.35 percent of Bitcoin's circulating supply, inactive on-chain for over a year, has hit a record high, surpassing the previous peak of 69.35 percent in July 2023. This may represent a strong investor sentiment towards Bitcoin.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, "Bitcoin recently posted a -1 percent gain to reach $37,300, prompting speculation of a sustained rally or a temporary reprieve. This rise coincided with the release of 'Bull Run,' a landmark documentary about Bitcoin and trading addiction. Director Ana Ramón Rubio's journey from trading addiction to bitcoin advocacy, coupled with tokenized film financing, could positively impact investor confidence. However, JPMorgan's warning of potential downward pressure from spot bitcoin ETFs presents a contrasting view. Analysts expect an outflow of $2.7 billion if Grayscale converts Bitcoin Trust to an ETF, which will affect the market. Bitcoin's current price of $37,300 is facing critical resistance and support levels, with indicators suggesting slightly bullish sentiment. An ascending triangle formation implies potential bullish momentum, especially if Bitcoin maintains levels above $37,000."
CoinDCX Research Team told ABP Live, “BTC has been consolidating for over three weeks within a broad range of $35,000 to $38,000. In the current week, BTC attempted to surpass the significant resistance at $38,000 but failed. A successful break and sustained hold above $38,000 would be considered a bullish sign. Conversely, breaking down the major incline trendline support at around $36,500 could lead to a decline in prices. For ETH, overcoming the crucial resistance at $2,130 is essential for a bullish scenario. A solid close above this level could propel the price higher. However, if ETH fails to break this resistance, it might test lower demand levels around $1,900.”
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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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