Ethereum (ETH) – the second most valuable crypto coin in the world – fell below $1,200 early Thursday morning. Bitcoin (BTC), on the other hand, appeared to hold steady within the $16,000 range. Other popular altcoins – including Dogecoin (DOGE), Solana (SOL), Ripple (XRP) and Litecoin (LTC) – have landed in the reds across the board. The Trust Wallet Token (TWT) emerged as the biggest gainer, jumping over 11% over 24 hours. Algorand (ALGO) turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $831.06 billion, registering a 2.35% 24-hour decline.
Bitcoin (BTC) price today
Bitcoin price stood at $16,537.50, registering a 2.52% 24-hour decline, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 14.48 lakhs.
Ethereum (ETH) price today
The price of ETH stood at $1,198.59, marking a 24-hour loss of 4.85% at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.05 lakhs.
Dogecoin (DOGE) Price Today
DOGE recorded a 24-hour decline of 3.09% according to data from CoinMarketCap, currently priced at $0.0851. According to WazirX, the Dogecoin price in India stood at Rs 7.45.
Litecoin (LTC) price today
Litecoin saw a decline of 2.59% over 24 hours. At the time of writing, it was trading at $57.62. The LTC price in India stood at Rs 4,871.43.
Ripple (XRP) price today
The price of XRP stood at $0.3748, registering a decline of 2.53% over 24 hours. According to WazirX, the Ripple price stood at Rs 32.66.
Solana (SOL) price today
Solana’s price stood at $14.14, marking a loss of 2.38% over 24 hours. According to WazirX, the price of SOL in India stood at Rs 1,225.
Top Crypto Gainers Today (November 17)
According to data from CoinMarketCap, here are the top five crypto gainers in the past 24 hours:
Trust Wallet Token (TWT)
gain over 24 hours: 11.81 percent
gain over 24 hours: 2.91 percent
gain over 24 hours: 2.48 percent
gain over 24 hours: 2.32 percent
UNUS SED LEO (LEO)
gain over 24 hours: 1.67 percent
Top crypto losers today (November 17)
According to data from CoinMarketCap, here are the top five losers in crypto over the past 24 hours:
Loss of 24 hours: 8.09 percent
Loss of 24 hours: 7.26 percent
Loss of 24 hours: 7.22 percent
Loss of 24 hours: 7.22 percent
Loss of 24 hours: 6.62 percent
What Crypto Exchanges Are Saying About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin has fallen 1.27% in the past 24 hours as investors reacted to Genesis suspending their withdrawals at the following the collapse of FTX. BTC is currently trading below the $16,700 level. Even though BTC rose on Tuesday, reacting to the latest inflation news, it could not sustain the gains. If BTC remains below the $17,622 level, it may raise the prospect of a break below the $15,588 area.
Sathvik Vishwanath, CEO and Co-Founder of Unocoin, said, “Ethereum price is trading at $1,212 after succumbing to selling pressure at $1,350. The $1,070 support request followed the new Industry Recovery Fund announced by Binance. After the release of UK inflation data. which came back higher than expected. Most altcoins in the market have also followed suit as traders remain in a wait-and-see mode. Bitcoin is currently trading at $16,740 after opening the day at $16,886. BTC has been fluctuating between $16,761 and $17,002 in the past 24 hours as the recent dispute between Russia and Ukraine pushed prices down.
WeTrade founder Prashant Kumar also offered his take on the market scenario: Ethereum and Bitcoin, continue to hold their support levels of $1,200 and $16,000, respectively, after the FTX crash.We have seen that FTX customers in the US are protected and international customers are not. because the United States has some regulations in place.It shows that a healthy set of regulations goes a long way in protecting the interests of consumers.
Shivam Thakral, CEO of BuyUCoin, said, “Crypto assets are facing some heat after recent developments in the lending industry at crypto investment bank Genesis global. Bitcoin is still holding above the $16,000 mark and Ethereum is holding at the $1,200 support level. The UK announced higher than expected inflation figures, the highest in 41 years, which will impact investor sentiment in the near future.
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss arising from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering document(s) and important related material on the subject before making any type of investment. Cryptocurrency market forecasts are speculative and any investment made will be at the sole cost and risk of the readers.