Bitcoin (BTC) climbed above the $36,000 mark for the first time this year, making the most of its ‘Uptober’ momentum. Ethereum (ETH), on the other hand, managed to climb above the $1,900 mark as well. The overall market’s Fear & Greed Index stood at 74 (greed) as per CoinMarketCap. Popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw notable gains across the board. Mina (MINA) emerged to be the biggest gainer, with a 24-hour jump of over 20 percent. Trust Wallet Token (TWT) became the biggest loser, with a 24-hour dip of over 12 percent.
The global crypto market cap stood at $1.37 trillion at the time of writing, registering a 24-hour gain of 2.99 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $36,811.95, registering a 24-hour gain of 3.99 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 31.40 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,924.33, marking a 24-hour jump of 2.04 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.65 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 4 percent, as per CoinMarketCap data, currently priced at $0.0768 As per WazirX, Dogecoin price in India stood at Rs 6.57.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.09 percent. At the time of writing, it was trading at $74.51. LTC price in India stood at Rs 6,262.23.
Ripple (XRP) Price Today
XRP price stood at $0.6959, seeing a 24-hour gain of 1.81 percent. As per WazirX, Ripple price stood at Rs 60.42.
Solana (SOL) Price Today
Solana price stood at $44.26, marking a 24-hour jump of 1.66 percent. As per WazirX, SOL price in India stood at Rs 3,787.89.
Top Crypto Gainers Today (November 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 20.56 percent
24-hour gain: 13.54 percent
24-hour gain: 12.94 percent
24-hour gain: 12.73 percent
24-hour gain: 11.98 percent
Top Crypto Losers Today (November 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Trust Wallet Token (TWT)
24-hour loss: 12.76 percent
Tether Gold (XAUt)
24-hour loss: 0.96 percent
PAX Gold (PAXG)
24-hour loss: 0.65 percent
24-hour loss: 0.18 percent
24-hour loss: 0.16 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently trading above the $36,000 level, as the market awaits updates on the Bitcoin Spot ETF applications pending approval from the US Securities and Exchange Commission (SEC). The SEC now has an eight-day period, starting today, during which it could approve all 12 spot Bitcoin (BTC) ETF applications. If not approved within this timeframe, market participants will have to wait until early 2024 for any updates from the SEC. Presently, the market sentiment is bullish as investors await more information. Notably, Bitcoin’s price has surged by over 115% since the beginning of the year. Meanwhile, Ethereum is trading above the $1,900 level.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC (+3.4%) has traded in the green in the last 24 hours as the BTC/USD pair teased the $37k mark on major exchanges while the total crypto market cap surpassed the $1.4 trillion mark. BTC may feel a little resistance at the $37.5k mark. However, post that, the market can expect to see a correction phase. Another major movement could be seen in the DeFi sector as popular and old DeFi projects like AAVE (+10.2%), SNX (+8.6%), and LINK (+9.1%) have also started to show strength as Bitcoin reached new highs for the first time in last 18 months.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “On the 4-hour chart, Bitcoin maintains a cautiously bullish narrative, anchored by a pivotal point at $35,048. Currently, the cryptocurrency is trading just above potential resistance levels at $36,040, $37,016 and a robust $38,023. Below, support at $34,057, $33,065 and $32,089 await to moderate the retracement. Technical indicators contribute quantitatively; RSI at 56 suggests mild bullish sentiment, avoiding overextension. MACD indicates potential upside momentum, closely watched by traders. The 50-day EMA at $34,763 acts as a baseline that signifies short-term bullish territory. In short, BTC/USD trends cautiously bullish, anchored above the crucial $34,765 level.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market continues its surge with Bitcoin breaching the $36,000 mark for the first time in 2023. There are close to 12 Bitcoin ETF applications pending for approval from SEC and there is a growing optimism that all the entities will be allowed to launch their BTC products. Bitcoin price is heading for steady growth in the coming weeks as the market sentiment is expected to remain positive. Ethereum is leading the altcoin rally as it crossed the $1900 mark taking the total crypto market cap to $1.37 trillion.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, BTC recorded a 2.8% increase, while ETH saw a 1.5% uptick. BTC is maintaining an upward trend, consistently achieving new highs. It successfully crossed the local resistance at ₹30,76,000 ($36,000) and is currently holding strong slightly above ₹31,18,500 ($36,500). The next significant hurdle lies between $39,500 and $40,000, and if BTC remains above $36,000, it could make its way to these levels. ETH, on the other hand, is steadily progressing towards the crucial ₹1,75,000 ($2,000) mark and is presently trading at ₹1,68,000 ($1,920), above the 7-day moving average.”
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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.