Cryptocurrency Price Today: Bitcoin Rises Above $38,000, IOTA Gains Nearly 43%
Cryptocurrency price on November 30 quick take: The global market cap stood at $1.43 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $38,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. The SEI token, which was the biggest gainer on Wednesday, turned out to be the biggest loser today morning, with a 24-hour dip of over 12 percent. IOTA, on the other hand, became the biggest gainer, with a 24-hour jump of nearly 43 percent.
The global crypto market cap stood at $1.43 trillion at the time of writing, registering a 24-hour jump of 0.08 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $38,061.35, registering a 24-hour gain of 0.41 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 33.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,041.37, marking a 24-hour dip of 0.49 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.78 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.39 percent, as per CoinMarketCap data, currently priced at $0.08177. As per WazirX, Dogecoin price in India stood at Rs 7.10.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.38 percent. At the time of writing, it was trading at $70. LTC price in India stood at Rs 6,125.20.
Ripple (XRP) Price Today
XRP price stood at $0.6091, seeing a 24-hour dip of 0.52 percent. As per WazirX, Ripple price stood at Rs 52.80.
Solana (SOL) Price Today
Solana price stood at $60.67, marking a 24-hour jump of 3.41 percent. As per WazirX, SOL price in India stood at Rs 5,249.
Top Crypto Gainers Today (November 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
IOTA (IOTA)
Price: $0.2486
24-hour gain: 42.94 percent
Injective (INJ)
Price: $17.79
24-hour gain: 7.58 percent
THORChain (RUNE)
Price: $6.45
24-hour gain: 6.03 percent
KuCoin Token (KCS)
Price: $8.22
24-hour gain: 4.27 percent
Terra Classic (LUNC)
Price: $0.0001228
24-hour gain: 4.19 percent
Top Crypto Losers Today (November 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sei (SEI)
Price: $0.246
24-hour loss: 12.79 percent
Uniswap (UNI)
Price: $5.99
24-hour loss: 5.45 percent
Klaytn (KLAY)
Price: $0.1906
24-hour loss: 5.12 percent
Blur (BLUR)
Price: $0.5099
24-hour loss: 4.80 percent
Axie Infinity (AXS)
Price: $6.42
24-hour loss: 3.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's trading activity has centred around the $37,800 level in the last 24 hours, aligning with Swiss asset manager Pando Asset's application to enter the Bitcoin Spot ETF competition in the US as the 13th participant. The addition of another established global player enhances the prospects of a favourable decision on the spot ETF. To maintain its positive momentum, Bitcoin will need to breach the resistance at the $38,100 level or risk finding support around the $37,700 level. Meanwhile, Ethereum remains above the $2,000 level.”
CoinSwitch Markets Desk noted, "While BTC reached another 19-month high, it has mostly been trading flat for the past few days, trying to breach the $38k mark and sustain its price above that. From a technical analysis lens, BTC is showcasing a bearish divergence in RSI, a big move to either side is getting more and more likely as we approach the last month of the year. The altcoin in focus today would be dYdX (-1.5%) as the DEX token is going to witness its one of the biggest token unlocks on December 1 with 150 million tokens getting unlocked. While dYdX has been on a slight decline for the past few days, traders are shifting their focus to decentralized exchanges. It could also be a ‘sell the rumour, buy the news’ event."
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin stands resilient amidst market fluctuations and currently holds a market cap of $740.47 billion, with a dominance of 49.7 percent. Notably, Bitcoin's current price is approximately $37,800, showcasing its sustained strength and growing adoption as a reliable store of value. Altcoins demonstrate diverse movements, underscoring the need for vigilance in this dynamic crypto landscape."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The current Bitcoin (BTC/USD) technical outlook on a 4-hour chart indicates key levels to monitor. The pivot point at $37,161 establishes a baseline, while immediate resistance is observed at $38,684. Further resistance lies at $39,933 and $41,395, serving as potential targets for bullish momentum. Solid support is evident at $35,912, with additional cushions at $34,419 and $33,140. The Relative Strength Index (RSI) at 60 suggests a tempered bullish sentiment, and the Moving Average Convergence Divergence (MACD) at 93.89 hints at a cooling bullish trend. Bitcoin's price above the 50-Day Exponential Moving Average (EMA) of $37,333 supports a short-term bullish narrative, with an ascending triangle pattern suggesting potential upward movement upon breaching the $38,000 resistance. In summary, the trend remains bullish above $37,333, with the short-term forecast eyeing a test of $38,684 resistance. Market dynamics and sentiment will likely influence the narrative in the coming days.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market remained flat over the past 24 hours with BTC and ETH trading at $37,889.93 and $2,036.21 respectively. The possibility of a rate cut by the Fed will keep the market sentiment positive as any rate cut may spark economic activity and cheer the global financial markets in the long term. As we approach the end of this year, 2024 looks promising with sustained growth for the digital asset market.”
CoinDCX Research Team noted, "BTC retraced from the $38,000 resistance level following the Wall Street open on November 29, influenced by better-than-expected U.S. gross domestic product (GDP) figures. Despite the prior push above $38,000, BTC fluctuated around that level and eventually dropped after the release of U.S. macro data. Currently, BTC is hovering near that resistance level."
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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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