Cryptocurrency Price Today: Bitcoin, Ethereum Remain Stable; Solana Becomes Biggest Loser
Bitcoin (BTC) and Ethereum (ETH) — two of the most valued cryptocurrencies — appeared to remain stable within the $16,000 and $1,200 range, respectively. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) — saw a mixed bag of gains and losses across the board as the overall market still appears to be coping with the aftereffects of the spectacular FTX crypto firm collapse. The Solana (SOL) token turned out to be the biggest loser, with a dip of nearly 4 percent in the last 24 hours. The Aptos (APT) token emerged to be the biggest gainer.
At the time of writing, the global crypto market cap stood at $836.86 billion, registering a 24-hour jump of 1.52 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $16,821.47, seeing a 24-hour jump of 1.69 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.32 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,219.24, marking a 24-hour gain of 0.96 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.05 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.40 percent as per CoinMarketCap data, currently priced at $0.08576. As per WazirX, Dogecoin price in India stood at Rs 7.34.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 8.98 percent. At the time of writing, it was trading at $62.78. LTC price in India stood at Rs 5,100.
Ripple (XRP) price today
XRP price stood at $0.3798, seeing a 24-hour jump of 0.89 percent. As per WazirX, Ripple price stood at Rs 32.99.
Solana (SOL) price today
Solana price stood at $13.67, marking a 24-hour loss of 3.25 percent. As per WazirX, SOL price in India stood at Rs 1,200.01.
Top crypto gainers today (November 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 10.18 percent
24-hour gain: 9.30 percent
24-hour gain: 8.49 percent
24-hour gain: 8.24 percent
UNUS SED LEO (LEO)
24-hour gain: 6.33 percent
Top crypto losers today (November 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 3.44 percent
Trust Wallet Token (TWT)
24-hour loss: 2.62 percent
NEAR Protocol (NEAR)
24-hour loss: 1.08 percent
24-hour loss: 1.03 percent
24-hour loss: 0.99 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded sideways, oscillating above the $16,800 level in the past 24 hours. Even though the price rose above the $15,580 mark, it has not touched the US$17,000 level. BTC is still trading near the two-year low price zone. It is likely to extend losses till the lower mark from where a significant recovery or bounce is possible. The second largest cryptocurrency, Ethereum, reclaims its demand zone of $1,200 as the price bounces to a region of $1,250 despite the market turmoil. It could be solid support if ETH can establish above the $1,350 resistance. However, if the pressure continues, we might see a drop to the $1,100 zone by the end of the week.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “El Salvador, the first country in the world to adopt Bitcoin as legal tender in September 2021, has resumed BTC purchases after a short hiatus due to bearish market sentiment. Salvadoran President Nayib Bukele announced on November 16 that the Central American country will begin buying bitcoins on November 17.
Bitcoin is consolidating in a broad trading range from $16,000 to $17,200, with a breakout determining future price action. Increased demand for BTC, on the other hand, has the potential to break the $17,250 resistance and push the BTC/USD price above $18,250, towards $20,000. On the downside, Bitcoin’s immediate support is at $17,250 and a continuation of the bearish trend could push the price down to $15,850. As the RSI and 50-day moving average indicate a bearish bias, BTC price could fall to $15,850 if the current support does not hold.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “A day after Genesis global suspended giving out loans and UK inflation rates, the global crypto market tried to regain its position. Bitcoin climbed back to $16,900 and could see it cross over to $17,000 on Friday. Meanwhile, Ethereum held on to $1,220 with a 1 percent increase over the previous day. Over the coming weeks, risk management remains key for market sentiment to turn positive.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market continued its growth momentum for the second day as BTC and ETH were up by 1.88 percent and 0.98 percent, respectively. Bitcoin seems to have developed a robust immune system to neutralise the current market turmoil and keep the crypto flag flying. The overall crypto market cap is also up by 1 percent signalling a slow and steady recovery. The recent developments around crypto regulations at the G20 summit will have a significant impact on investor sentiment in the coming weeks.”
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.