Cryptocurrency Price Today: Bitcoin, Ethereum Show Minor Signs Of Recovery; Global Market Cap Still Below $900 Billion
Cryptocurrency price on November 11 quick take: The global crypto market cap stood at $858.06 billion on Friday morning.
After a couple of days of bloodbath, crypto prices appear to be on a slow upward swing. Bitcoin (BTC) and Ethereum (ETH) — two of the most valued coins — managed to climbe above the $17,000 and $1,200 marks, respectively. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) — landed in the greens across the board. FTX Token (FTT), which was the top loser over the past few days, emerged to be the biggest gainer in the last 24 hours, with a gain of over 28 percent.
At the time of writing, the global crypto market cap stood at $858.06 billion, registering a 24-hour gain of 3.76 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $17,041.42, seeing a 24-hour gain of 3.57 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 15.32 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,232.79, marking a 24-hour jump of 4.92 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.15 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 5.12 percent as per CoinMarketCap data, currently priced at $0.0849. As per WazirX, Dogecoin price in India stood at Rs 7.80.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 12.63 percent. At the time of writing, it was trading at $61.10. LTC price in India stood at Rs 5,165.01.
Ripple (XRP) price today
XRP price stood at $0.3816, seeing a 24-hour jump of 6.29 percent. As per WazirX, Ripple price stood at Rs 33.22.
Solana (SOL) price today
Solana price stood at $16.30, marking a 24-hour gain of 7.47 percent. As per WazirX, SOL price in India stood at Rs 1,453.11.
Top crypto gainers today (November 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
FTX Token (FTT)
Price: $2.97
24-hour gain: 28.38 percent
Chiliz (CHZ)
Price: $0.2094
24-hour gain: 22.12 percent
Chain (XCN)
Price: $0.04726
24-hour gain: 18.81 percent
Lido DAO (LDO)
Price: $1.17
24-hour gain: 16.97 percent
Polygon (MATIC)
Price: $1.04
24-hour gain: 15.18 percent
Top crypto losers today (November 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Quant (QNT)
Price: $118.38
24-hour loss: 5.27 percent
UNUS SED LEO (LEO)
Price: $3.92
24-hour loss: 2.91 percent
Neutrino USD (USDN)
Price: $0.921
24-hour loss: 1.69 percent
Terra Classic (LUNC)
Price: $0.0001904
24-hour loss: 1.62 percent
ApeCoin (APE)
Price: $3.25
24-hour loss: 1.35 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin showed little signs of recovery after the confidence returned over the macroeconomic outlook and FTX partially started to open withdrawals to users. The price of BTC has gained by 6 percent, currently trading above the $17,000 level. If BTC falls below the current level, the next major support would be in the $16,500 range. On the other hand, Ethereum and XRP have recorded one of the most notable price pullbacks in the past 24 hours. If ETH can establish the price above the $1,350 level, we may expect some relief.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “While the "main" CPI fell to its lowest level since January, traders focused on the "core" reading and its potential implications for monetary policy amid signs of easing inflationary pressures. Figures for the core CPI, which excludes food and energy, were reported on Thursday and showed a 0.3 percent increase from the previous month. This was significantly slower than the 0.6 percent rate recorded in September and the 0.5 percent growth.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "After two days of drastic changes, the global crypto market cap saw some positive changes with a 5 percent increase in the past 24 hours. Bitcoin was trading at $17,000 and Ethereum at $1,200. Interestingly, despite the market seeing new lows, Polygon saw an approximately 20 percent increase over the past day. In such times of uncertainty, investors must maintain patience, go through their long-term goals and avoid panic selling.”
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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