Cryptocurrency Price Today: Bitcoin Rises Above $37k

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, managed to stay above the $37,000 mark early Monday morning. Popular altcoins, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE), saw minor drops across the board. Terra Classic (LUNC) emerged as the biggest gainer, jumping more than 22 percent in 24 hours. Blur (BLUR), on the other hand, became the biggest loser, dropping more than 10 percent in 24 hours.

The global crypto market capitalization stood at $1.42 trillion at the time of writing, recording a loss of 1.22 percent in 24 hours.

Bitcoin (BTC) price today

The price of Bitcoin stood at $37,272.16, registering a drop of 1.17 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 32.80 lakh.

Ethereum (ETH) price today

The price of ETH stood at $2,045.43, marking a 24-hour drop of 1.43 percent at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.81 lakh.

Dogecoin (DOGE) price today

DOGE recorded a 0.07 percent gain in 24 hours, according to data from CoinMarketCap, currently priced at $0.07843. According to WazirX, the Dogecoin price in India stood at Rs 6.94.

Litecoin (LTC) price today

Litecoin saw a drop of 2.65 percent in 24 hours. At the time of writing, it was trading at $69.53. LTC price in India stood at Rs 6,103.

Ripple Price (XRP) Today

The price of XRP stood at $0.6099, with a loss of 1.65 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 53.45.

Solana (SOL) price today

The price of Solana stood at $56.75, representing a drop of 2.69 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 5,010.01.

Top Crypto Gainers Today (November 27)

According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:

Terra Classic (LUNC)

Price: $0.00009463
24 hour gain: 22.28 percent

Infinite Axie (AXS)

Price: $7.21
24 hour gain: 15.96 percent

Oasis Network (PINK)

Price: $0.08186
24 hour gain: 3.14 percent

Batteries (STX)

Price: $0.6796
24 hour gain: 1.84 percent

Manufacturer (MKR)

Price: $1,479.66
24 hour gain: 1.76 percent

Top Crypto Losers Today (Nov 27)

According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:

Blur (BLUR)

Price: $0.5532
Loss of 24 hours: 10.57 percent

my my)

Price: $0.7177
Loss of 24 hours: 8.41 percent

Klaytn (KLAY)

Price: $0.2024
Loss of 24 hours: 7.80 percent

Gas (GAS)

Price: $8.27
Loss of 24 hours: 6.55 percent

Pepper (PEPPER)

Price: $0.000001094
Loss of 24 hours: 6.41 percent

What Crypto Exchanges Say About the Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live: “Over the weekend, Bitcoin breached the $38,000 threshold, but the bulls were unable to maintain the momentum and the price consolidated around the $37,300 level. . For the uptrend to persist, Bitcoin now needs to break above the $37,700 resistance, or risk finding support around $37,100. Meanwhile, Ethereum has remained above the $2,000 level during the same period.”

Parth Chaturvedi, investment leader at CoinSwitch Ventures, said: “The cryptocurrency market seems to be back on track seeing a slow price recovery in the last 24 hours. The global cryptocurrency M. Ch. rose 0.2 percent and inched towards the $1.5 trillion level. Investor sentiment remains strong as the cryptocurrency fear and greed index remains within the greed zone with a score of 66/100. Similar to yesterday's levels, BTC (+0.3 percent) continues to trade around $37.8k. In fact, according to Glassnode data, 70.35 percent of the circulating supply of Bitcoin, dormant on-chain for over a year, has reached an all-time high, surpassing the previous peak of 69.35 percent in July 2023. This may represent strong investor sentiment towards Bitcoin. .”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said: "Bitcoin recently posted a -1 percent gain to reach $37,300, sparking speculation about a sustained rally or temporary respite. This rise coincided with the release of 'Bull Run', a landmark documentary about Bitcoin and trading addiction. Director Ana Ramón Rubio's journey from trading addiction to bitcoin advocacy, along with tokenized film financing, could have a positive impact on investor confidence. However, JPMorgan's warning about potential downward pressure from spot bitcoin ETFs presents a contrasting view. Analysts expect an outflow of $2.7 billion if Grayscale converts Bitcoin Trust into an ETF, which will affect the market. Bitcoin's current price of $37,300 is facing critical resistance and support levels, with indicators suggesting slightly bullish sentiment. An ascending triangle formation implies potential bullish momentum, especially if Bitcoin maintains levels above $37,000.”

The CoinDCX research team told ABP Live: “BTC has been consolidating for over three weeks within a wide range of $35,000 to $38,000. In the current week, BTC tried to overcome the important resistance of $38,000 but failed. A successful breakout and sustained hold above $38,000 would be considered a bullish signal. On the contrary, breaking the main support of the inclined trend line at around $36,500 could lead to a drop in prices. For ETH, breaking through the crucial resistance at $2,130 is essential for a bullish scenario. A solid close above this level could push the price higher. However, if ETH fails to break this resistance, it could test lower demand levels around $1,900.”

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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.