Cryptocurrency Price Today (November 7): Bitcoin Maintains All-Time High Streak, Remains Above $75,000
Cryptocurrency price on November 7 quick take: The global market cap rose to $2.54 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has managed to maintain its all-time high streak and remained above $75,000 early Thursday morning. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens across the board as the overall Market Fear & Greed Index stood at 62 (Neutral) out of 100, as per CoinMarketCap data. NEIRO became the biggest gainer, with a 24-hour jump of over 40 percent. Elon Musk’s favourite memecoin Dogecoin (DOGE) became the biggest loser after a mega rally, with a 24-hour loss of nearly 7 percent.
Given the mega rally seen by most coins, a certain dip could be expected soon as investors sell most of their assets. It remains to be seen where Bitcoin finds its next major resistance.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour jump of 3.58 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $75,082.62, registering a 24-hour gain of 1.04 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.92 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,855.06, marking a 24-hour jumpin of 10.71 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 loss of 7.45 percent, as per CoinMarketCap data, currently priced at $0.1951. Dogecoin price in India stood at Rs 12.66.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.45 percent. At the time of writing, it was trading at $71.31. LTC price in India stood at Rs 5,943.60.
Ripple (XRP) Price Today
XRP price stood at $0.5599, seeing a 24-hour jump of 4.90 percent. Ripple price in India stood at Rs 42.48.
Solana (SOL) Price Today
Solana price stood at $189.14, marking a 24-hour gain of 2.27 percent. SOL price in India stood at Rs 13,625.79.
Top Crypto Gainers Today (November 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
First Neiro On Ethereum (NEIRO)
Price: $0.002081
24-hour gain: 40.11 percent
Lido DAO (LDO)
Price: $1.40
24-hour gain: 34.52 percent
Raydium (RAY)
Price: $4.54
24-hour gain: 26.81 percent
Aave (AAVE)
Price: $185.53
24-hour gain: 25.24 percent
Ethena (ENA)
Price: $0.488
24-hour gain: 24.95 percent
Top Crypto Losers Today (November 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Dogecoin (DOGE)
Price: $0.1958
24-hour loss: 6.97 percent
Shiba Inu (SHIB)
Price: $0.00001914
24-hour loss: 1.46 percent
Helium (HNT)
Price: $6.30
24-hour loss: 0.84 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Following Trump’s victory in the U.S. Presidential Election, Bitcoin surged to a new all-time high of $76,460 within 24 hours. Now trading at $75,200, BTC has drawn strong interest from both retail and institutional investors, with BlackRock’s Bitcoin ETF seeing a record single-day trading volume of $4.1 billion. Google search volumes for Bitcoin have also spiked, signalling rising retail interest. Ethereum too raised, jumping over 11% to $2,840. Should BTC maintain this momentum, it could approach $80,000 soon, with key resistance at $78,500 and support at $71,900.”
CoinSwitch Markets Desk noted, “Bitcoin surged to a new all-time high of $76,400 after Donald Trump’s election victory, amplifying optimism across the crypto sector. This rally aligns with expectations of a bullish era under a crypto-friendly administration. BTC has gained 6.6% in the past 24 hours and over 21% in the last 30 days, supported by rising stablecoin liquidity and increased transaction volumes.”
Shivam Thakral, CEO of BuyUcoin, said, “In the wake of Donald Trump's election victory, the cryptocurrency market has experienced a remarkable surge. Bitcoin soared above $76,000, marking a new all-time high, while Ethereum climbed above $2,839 and Solana approached $190. This surge reflects the optimism surrounding Trump's pro-crypto stance, which is expected to foster a more favorable regulatory environment for digital assets. The market is gaining momentum, with few DeFi assets gaining traction. Investors expect sustained momentum as market participants react to the election results, suggesting that this surge could pave the way for further growth in the crypto sector.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The cryptocurrency market has seen a surge, with Bitcoin hitting an all-time high, thanks in part to the so-called "Donald Trump effect" as political and economic factors boost investor sentiment. Bitcoin broke through significant resistance levels, including the 67241 and 70000 marks, signaling strong upside momentum. A further rise to 84547 or higher is now forecast. Despite low volume at price tops and high volume at bottoms, which could weaken the breakout, the technical outlook for Bitcoin and cryptocurrencies in general remains positive in the medium to long term. This trend indicates continued growth in the digital asset space.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Market’s reaction to Donald Trump's victory has been a mixed bag, especially for XRP, which remains underwhelming in comparison to its peers. While many cryptocurrencies are experiencing significant gains, XRP's modest 4% uptick signals a broader uncertainty among investors. This cautious sentiment is likely due to the lengthy timeline before Trump assumes office and the ambiguity surrounding his commitment to fire SEC Chair Gary Gensler.”
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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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