Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to rise above the $37,000 mark, riding high on the news of the Argentine presidential election win of Bitcoin-friendly Javier Milei. Ethereum (ETH), on the other hand, cashed in on a boost caused due to Fidelity seeking Ethereum exchange-traded fund (ETF) and climbed above the $2,000 mark. Other popular altcoins — including the likes of Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the reds across the board.
The global crypto market cap stood at $1.41 trillion at the time of writing, registering a 24-hour gain of 1.75 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $37,175.82, registering a 24-hour jump of 1.80 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 32.59 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,002.90, marking a 24-hour gain of 2.46 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.75 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 2.23 percent, as per CoinMarketCap data, currently priced at $0.08023 As per WazirX, Dogecoin price in India stood at Rs 7.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.92 percent. At the time of writing, it was trading at $70.38. LTC price in India stood at Rs 6,152.23.
Ripple (XRP) Price Today
XRP price stood at $0.6239, seeing a 24-hour gain of 2.69 percent. As per WazirX, Ripple price stood at Rs 54.85.
Solana (SOL) Price Today
Solana price stood at $59.85, marking a 24-hour jump of 3.40 percent. As per WazirX, SOL price in India stood at Rs 5,340.
Top Crypto Gainers Today (November 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 21.19 percent
Near Protocol (NEAR)
24-hour gain: 15.88 percent
24-hour gain: 13.90 percent
24-hour gain: 13.60 percent
24-hour gain: 10.58 percent
Top Crypto Losers Today (November 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 6.71 percent
24-hour loss: 4.52 percent
XDC Network (XDC)
24-hour loss: 1.80 percent
UNUS SED LEO (LEO)
24-hour loss: 0.57 percent
24-hour loss: 0.55 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is presently trading above the $37,300 level, following the victory of pro-Bitcoin candidate Javier Milei in the Argentinian Presidency elections. To maintain this positive momentum, Bitcoin will need to clear the resistance at the $37,800 mark or risk finding support around $36,500. Meanwhile, the Altcoin Near Procol (NEAR) has marked a substantial 17 percent price increase over the past week, thanks to its partnership with the South Korean platform Zep for metaverse game development. Ethereum, on the other hand, is trading around the $2,000 threshold.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market started gaining momentum on Sunday, as a pro-Bitcoin candidate — Javier Milei — won the elections in Argentina. On this account, BTC (+2.2 percent) observed a steep rise before correcting near $37,200 levels. Analysts predict support to range between $33,000 to $34,500 with resistance at $38,000. On the institution adoption front, Fidelity has become the latest financial firm that is seeking to create an ETH ETF. Joining its rival BlackRock and 5 other companies, the entry of such financial giants in embracing crypto provides positive signals for the sector.”
Rajagopal Menon, Vice President, WazirX, said, “Dogecoin soared dramatically following a groundbreaking partnership with SpaceX, propelling its value to unprecedented heights. Simultaneously, Bitcoin faces market fluctuations, prompting reflection and comparisons to its 2021 performance. Tether strategically invests $500 million in Bitcoin mining, signalling a deliberate expansion and diversification within the stablecoin sector.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading cautiously on the upside at $37,100 and a notable threshold at $38,000. Support levels at $35,835, $35,235 and $34,522 highlight potential stabilization points in the downtrend. Technical indicators present a mixed but slightly bullish scenario with RSI at 51 indicating a balanced sentiment. The 50-day EMA at $36,400 supports a short-term bullish trend. Chart analysis reveals a slight ascending channel, indicating a potential continuation of the bullish momentum. Overall, while favouring bullish trends above $36,400, the market remains cautious, with immediate resistance and support key for short-term moves and potential moves in the coming days.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap crossed the 1.4-trillion dollar mark with BTC and ETH leading the effort. ETH breached the $2,000 mark per piece due to the euphoria around the Blackrock spot Ethereum ETF application. BTC crossed the $37,000 mark over the weekend and the market is expected to ride the ETF wave in the coming weeks owing to the favourable macroeconomic conditions.”
CoinDCX Research Team told ABP Live, “Over the weekend, both BTC and ETH showed strength, each gaining more than 2.5 percent. This unexpected resilience during the usually quiet weekends might be because of the positive news about Javier Milei, a supporter of Bitcoin, winning the presidential election in Argentina. He sees Bitcoin as a way to return money to the private sector. Looking at the technical side, BTC has consistently bounced back from an important incline trendline support and the 20EMA Daily. Currently, it’s trading a bit above $37,300, aiming for the next resistance at $38,000. As for ETH, it’s sitting around the Support and resistance flip level of $2,011. Breaking through this could push the price to a major resistance level at $2,130, with ETH keeping above the 20-EMA Daily.”
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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.