Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $37,000 mark early Wednesday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. The SEI token emerged to be the biggest gainer, with a 24-hour jump of over 24 percent. GALA, on the other hand, became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $1.43 trillion at the time of writing, registering a 24-hour jump of 1.42 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $37,945.85, registering a 24-hour gain of 2.21 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 33.52 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,053.65, marking a 24-hour jump of 1.31 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.79 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 3.20 percent, as per CoinMarketCap data, currently priced at $0.08063. As per WazirX, Dogecoin price in India stood at Rs 7.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.25 percent. At the time of writing, it was trading at $69.67. LTC price in India stood at Rs 6,238.35.
Ripple (XRP) Price Today
XRP price stood at $0.6125, seeing a 24-hour gain of 1.30 percent. As per WazirX, Ripple price stood at Rs 53.43.
Solana (SOL) Price Today
Solana price stood at $58.64, marking a 24-hour jump of 6.60 percent. As per WazirX, SOL price in India stood at Rs 5,122.
Top Crypto Gainers Today (November 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Sei (SEI)
Price: $0.2816
24-hour gain: 24.06 percent
Terra Classic (LUNC)
Price: $0.0001169
24-hour gain: 14.92 percent
FTX Token (FTT)
Price: $4.12
24-hour gain: 14.25 percent
Stacks (STX)
Price: $0.7246
24-hour gain: 10.91 percent
THORChain (RUNE)
Price: $5.98
24-hour gain: 9.71 percent
Top Crypto Losers Today (November 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Gala (GALA)
Price: $0.02627
24-hour loss: 3.89 percent
Frax Share (FXS)
Price: $7.01
24-hour loss: 3.55 percent
ApeCoin (APE)
Price: $1.58
24-hour loss: 3.32 percent
Uniswap (UNI)
Price: $6.16
24-hour loss: 2.19 percent
UNUS SED LEO (LEO)
Price: $3.89
24-hour loss: 2.17 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s successfully breached the $37,800 threshold and triggered a positive market sentiment. This could indicate that investors may have processed the news about the recent leadership changes at Binance and are now back to being bullish about their investments. Notably, Bitcoin’s price has surged an impressive 128 percent since the beginning of the year. In regulatory news, the US SEC has invited written comments from the public on the proposed Franklin Templeton and Hashdex spot Bitcoin ETF applications. Meanwhile, the altcoin Solana has exhibited growth of over 6 percent in the last 24 hours, potentially spurred by increased activity in Solana’s NFT and DApps space over the preceding seven days.”
CoinSwitch Markets Desk noted, “As Bitcoin is reaching one of the lowest volatility levels in the last few years, holders are reluctant to sell and buyers seem out of supply. One of the world’s largest banks, Standard Chartered has maintained its target of Bitcoin hitting the $100,000 mark by 2024 end, with many spot ETF approvals for BTC and ETH happening during the beginning months of next year. Within Altcoins, LINK (+3.0 percent) seemed to be the investors’ pick, as the LINK network recently launched an upgraded staking feature. The migration phase went live yesterday and will run until December 7.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin has surged above $37,700, propelled by dovish comments from the Federal Reserve’s Waller, injecting positivity into the market. Standard Chartered’s projections affirm Bitcoin’s course toward $100,000 by the end of 2024, bolstering optimistic market sentiment. Investors are closely tracking central bank dynamics, recognizing their potential influence on digital asset valuations. As Bitcoin maintains momentum, attention is keenly focused on its performance and broader implications for the cryptocurrency ecosystem.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $37,832, showing a slight uptick in the last 24 hours. The 4-hour chart reflects a delicate balance between bullish and bearish sentiment, with the $36,950 pivot point that Bitcoin has tentatively breached, indicating a potential market move. Immediate resistance levels lie at $37,986, $38,429 and the more ambitious $39,066, while support is at $36,399 and $35,722. The chart shows an ascending channel formation, indicating a steady uptrend along the lower support trendline. Given the RSI and EMA, there is cautious optimism for continued upward momentum. Overall, the trend is bullish and short-term forecasts call for a resistance test at $37,986. Holding support above the pivot and 50 EMA could pave the way for a challenge of higher resistance zones, especially the $38,000 level, which will attract further buying interest towards $39,000.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market witnessed impressive growth with BTC breaching the $38,000 mark on growing optimism around ETF approval. In the latest prediction by banking giant Standard Chartered, Bitcoin is well-positioned to touch the $100,000 mark by the end of 2024. An early approval of Bitcoin ETF will act as a catalyst and may result in a significant surge in Bitcoin prices. US Central may go for a reduction in interest rates if inflation shows signs of cooling down, this may add to the optimism in the market and drive the momentum in the coming weeks.”
CoinDCX Research Team told ABP Live, “BTC neared the $38,000 level but encountered resistance around $38,400 previous local high, prompting a modest retreat. While the overall trend appears positive, securing a clear breakthrough and maintaining levels above $38,000 is crucial for establishing a robust upward path. Key resistance levels include $39,700 and $41,500. ETH underwent a rebound, finding support near $2,019. However, it currently remains below a critical resistance level at $2,130. Similarly, Altcoins are exhibiting strength as they follow BTC’s upward momentum. In the previous week, institutional investors contributed a total of $346 million to crypto products, marking the highest weekly inflow since November 2021. Notably, a significant portion of this inflow, $311 million, was allocated to Bitcoin.”
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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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