Bitcoin (BTC), the world's oldest and most valued cryptocurrency, fell below the $36,000 mark early Wednesday and has continued to fall in recent days. Even Ethereum (ETH) missed the hard-earned $2,000 mark. US annual CPI inflation was below expectations at 3.2 percent. It remains to be seen if that changes things for cryptocurrencies in the coming days. Other popular altcoins, including Solana (SOL), Ripple (XRP), and Litecoin (LTC), landed in the red across the board.
The global crypto market capitalization stood at $1.36 trillion at the time of writing, recording a 2.25 percent drop in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $35,428.64, recording a 24-hour loss of 2.87 percent, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 30.87 lakh.
Ethereum (ETH) price today
The price of ETH stood at $1,971.91, down 4.05 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.72 lakh.
Dogecoin (DOGE) price today
DOGE recorded a 2.99 percent drop in 24 hours, according to data from CoinMarketCap, currently priced at $0.0727. According to WazirX, the price of Dogecoin in India stood at Rs 6.30.
Litecoin (LTC) price today
Litecoin saw a drop of 0.93 percent in 24 hours. At the time of writing, it was trading at $71.30. LTC price in India stood at Rs 6,108.18.
Ripple Price (XRP) Today
The price of XRP stood at $0.6284, down 4.87 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 54.70.
Solana (SOL) price today
The price of Solana stood at $56.31, representing a gain of 3.93 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 4,889.96.
Top Crypto Gainers Today (November 15)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
Celestia (TIA)
Price: $5.89
24 hour gain: 14.99 percent
dYdX (ETHDYDX)
Price: $3.40
24 hour gain: 10.90 percent
Gnosis (GNO)
Price: $173.35
24 hour gain: 8.51 percent
Kaspa (KAS)
Price: $0.08842
24 hour gain: 6.94 percent
Pancake Exchange (Cake)
Price: $2.23
24 hour gain: 2.91 percent
Top Crypto Losers Today (Nov 15)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Lido DAO (LDO)
Price: $2.15
Loss of 24 hours: 11.13 percent
NEAR Protocol (NEAR)
Price: $1.51
Loss of 24 hours: 11.07 percent
Ape Coin (APE)
Price: $1.38
Loss of 24 hours: 10.94 percent
Decentralized (MANA)
Price: $0.4217
Loss of 24 hours: 10.80 percent
Represent (RNDR)
Price: $2.21
Loss of 24 hours: 10.07 percent
What Crypto Exchanges Say About the Current Market Scenario
Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said: โThe cryptocurrency market has shown a healthy correction in the last 24 hours. BTC (-2.8 percent) fell below the $36,000 mark. The next support line for BTC is at $33,500; If BTC maintains that, we are still in a good uptrend. The market highlight remains the two-week-old Celestia token (TIA, +26.1 percent), as it rose nearly 50 percent at its high yesterday and touched $6.3 before retreating a bit. Celestia is a modular data availability network that had recently airdropped over $120 million worth at launch to its active users.โ
Shivam Thakral, CEO of BuyUcoin, said: โThe cryptocurrency market witnessed a healthy pullback after a continuous rally. Positive US inflation data sparked a correction in cryptoassets, with BTC and ETH falling nearly 3% and 4% respectively. US stocks trended higher after positive inflation data was released, indicating renewed interest in traditional assets. โThe cryptocurrency market may face some selling pressure in the coming weeks due to macroeconomic conditions.โ
The CoinDCX research team told ABP Live: โDespite lower-than-expected US inflation data, indicating a 3.2% annual increase and a positive US stock market, the Cryptocurrencies witnessed a drop yesterday. BTC and ETH experienced drops of more than 3% in the last 24 hours. Currently, BTC is positioned at the 20 1-day EMA and is trading at $35,450, while ETH is trading at $1,970, below the support level of $2,011. In a positive development, even though China maintains its prohibitive stance towards Bitcoin and cryptocurrencies, there is growing cryptocurrency adoption. A Chinese company, Boyaa, has announced a substantial $100 million investment in Bitcoin and Ethereum.โ
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Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature on the subject before making any type of investment. Cryptocurrency Market predictions are speculative and any investment made will be at the sole risk and expense of the readers.
