Cryptocurrency Price Today (November 4): Bitcoin Dips Below $69,000, KuCoin Becomes Top Gainer
Cryptocurrency price on November 4 quick take: The global market cap stood at $2.29 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $69,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 53 (Neutral) out of 100, as per CoinMarketCap data. KuCoin Token (KCS) became the biggest gainer, with a 24-hour jump of over 1 percent. THORChain (RUNE) became the biggest loser, with a 24-hour loss of over 7 percent.
The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour jump of 0.16 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,965.52, registering a 24-hour jump of 0.82 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.92 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,470.66, marking a 24-hour gain of 0.82 percent at the time of writing. Ethereum price in India stood at Rs 2.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.44 percent, as per CoinMarketCap data, currently priced at $0.151. Dogecoin price in India stood at Rs 12.66.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.72 percent. At the time of writing, it was trading at $66.80. LTC price in India stood at Rs 5,943.60.
Ripple (XRP) Price Today
XRP price stood at $0.5055, seeing a 24-hour jump of 0.27 percent. Ripple price in India stood at Rs 42.48.
Solana (SOL) Price Today
Solana price stood at $161.90, marking a 24-hour loss of 0.07 percent. SOL price in India stood at Rs 13,625.79.
Top Crypto Gainers Today (November 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
KuCoin Token (KCS)
Price: $8.95
24-hour gain: 1.39 percent
Toncoin (TON)
Price: $4.85
24-hour gain: 1.25 percent
Ethereum (ETH)
Price: $2,462.51
24-hour gain: 0.81 percent
Tron (TRX)
Price: $0.165
24-hour gain: 0.59 percent
Nexo (NEXO)
Price: $0.978
24-hour gain: 0.59 percent
Top Crypto Losers Today (November 4)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
THORChain (RUNE)
Price: $4.96
24-hour loss: 7.82 percent
Popcat (SOL) (POPCAT)
Price: $1.33
24-hour loss: 7.66 percent
Ethena (ENA)
Price: $0.3371
24-hour loss: 6.57 percent
Celestia (TIA)
Price: $4.44
24-hour loss: 5.78 percent
FLOKI (FLOKI)
Price: $0.0001216
24-hour loss: 5.55 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “With just one day remaining before the U.S. presidential election, the crypto market is closely watching for the outcome. Bitcoin, currently trading at $68,800, has declined by over 4% as investors adopt a cautious approach. Although technical charts suggest momentum is building, investors’ reaction to the election outcome is expected to be the key driver of BTC’s price action. Bitcoin faces resistance at $70,900, with support at the $67,400 level.”
CoinSwitch Markets Desk noted, “BTC found crucial support around the 67.5k USD mark as a weekly bull flag might come into play this week. While the world is waiting for the result of the US presidential elections, It is worth noting that the number of transactions on the Bitcoin network every month has already reached its all-time high in October, surpassing the 20 million mark. Even though Bitcoin is so close to its all-time highs, and has crossed 60% dominance in the market (the first time in close to 4 years).”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's daily chart shows bullish momentum after breaking through a descending widening wedge, with a double bottom pattern suggesting further upside. The price retreated to $67,500, aligning with the black dotted trendline support, while the bullish 50 SMA break above the 200 SMA confirms bullish strength.”
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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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