Cryptocurrency Price Today: Bloodbath Across The Board As Bitcoin, Ethereum, Dogecoin See Dips

Cryp­to price charts saw a blood­bath on ear­ly Tues­day morn­ing as most of the pop­u­lar alt­coins — includ­ing the likes of Bit­coin (BTC), Ethereum (ETH), Doge­coin (DOGE), Solana (SOL), Rip­ple (XRP), and Lite­coin (LTC) — saw mas­sive dips across the board. As per Coin­Mar­ket­Cap data, only four coins man­aged to see gains in the last 24 hours, led by Toncoin’s jump of over 10 per cent. The price trends on Novem­ber 8 appeared to have end­ed the gen­er­al bull run cryp­tocur­ren­cies were expe­ri­enc­ing over the past few weeks. 

At the time of writ­ing, the glob­al cryp­to mar­ket cap stood at $997.95 bil­lion, los­ing the $1 tril­lion mark after weeks and reg­is­ter­ing a dip of 3.46 per cent in the last 24 hours, as per Coin­Mar­ket­Cap data. 

Bitcoin (BTC) price today

Bit­coin price stood at $19,683.52, see­ing a 24-hour dip of 5.62 per cent, as per Coin­Mar­ket­Cap. Accord­ing to Indi­an exchange WazirX, BTC price stood at Rs 17.50 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,475.95, mark­ing a 24-hour loss  of 6.62 per cent at the time of writ­ing. As per WazirX, Ethereum price in India stood at Rs 1.30 lakhs.

Dogecoin (DOGE) price today

DOGE reg­is­tered a 24-hour loss of 14.63 per cent as per Coin­Mar­ket­Cap data, cur­rent­ly priced at $0.1004. As per WazirX, Doge­coin price in India stood at Rs 8.80.

Litecoin (LTC) price today

Lite­coin saw a 24-hour dip of 9.73 per cent. At the time of writ­ing, it was trad­ing at $64.39. LTC price in India stood at Rs 5,700.

Ripple (XRP) price today

XRP price stood at $0.4334, see­ing a 24-hour dip of 8.35 per cent. As per WazirX, Rip­ple price stood at Rs 37.98.

Solana (SOL) price today

Solana price stood at $27.04, mark­ing a 24-hour loss of 15.97 per cent. As per WazirX, SOL price in India stood at Rs 2,525. 

Top crypto gainers today (November 8)

As per Coin­Mar­ket­Cap data, here are the top four cryp­to gain­ers over the past 24 hours:

Ton­coin (TON)

Price: $1.74
24-hour gain: 10.35 per cent

VeChain (VET)

Price: $0.02597
24-hour gain: 2.78 per cent

Chain­link (LINK)

Price: $8.33
24-hour gain: 1.44 per cent

Teth­er (USDT)

Price: $1.00
24-hour gain: 0.01 per cent

Top crypto losers today (November 8)

As per Coin­Mar­ket­Cap data, here are the top five cryp­to losers over the past 24 hours:

Bit­DAO (BIT)

Price: $0.3074
24-hour loss: 25.05 per cent

FTX Token (FTT)

Price: $17.83
24-hour loss: 19.78 per cent

Solana (SOL)

Price: $26.71
24-hour loss: 17.18 per cent

Doge­coin (DOGE)

Price: $0.09936
24-hour loss: 15.65 per cent

Aptos (APT)

Price: $6.17
24-hour loss: 15.54 per cent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bit­coin has been down by near­ly 2 per cent since the pre­vi­ous day due to low vol­ume. Though Bit­coin is trad­ing above its crit­i­cal lev­el at $20,500, it has strug­gled to break above $21,000. If buy­ers can seize the ini­tia­tive, we might see it reach the $21,000 mark, or we might see it fall to the $20,400 lev­el. The sec­ond largest cryp­tocur­ren­cy, Ethereum, has lost the $1,600 mark, with bears becom­ing more active in the mar­ket. If bears rise in pow­er, ETH is like­ly to break out below the $1,500 lev­el, tak­ing the cryp­to towards the $1,400 zone by the end of the month.”

Sathvik Vish­wanath, CEO and co-founder of Uno­coin said, “The cur­rent XRP price is $0.4746 and the 24-hour trad­ing vol­ume is $1.5 bil­lion. In the last 24 hours, XRP is down 2.09 per cent. The uptrend ADA saw momen­tum weak­en over the week­end with resis­tance at $0.4200. Tech­ni­cal­ly speak­ing, Bit­coin has bro­ken the major sup­port lev­el of $20,990 and a break at this lev­el has opened the door for BTC to reach the $20,400 lev­el as $20,600 only pro­vides minor support.”

weTrade founder Prashant Kumar offered his take on the mar­ket sce­nario as well, “The cryp­to mar­ket trad­ed side­ways ahead of the US midterm elec­tions. The cryp­to mar­ket is like­ly to remain chop­py this week as eco­nom­ics and ris­ing infla­tion once again come to the fore­front. Bit­coin, which had gone up to $21,000 over the week­end, is trad­ing clos­er to $20,000 on Tues­day morn­ing dur­ing Asia trad­ing hours. Ethereum also saw an approx­i­mate­ly 3 per cent decline and is trad­ing at $1,500. With the news of Twit­ter scal­ing back its cryp­to plans, Doge­coin con­tin­ues to decline. The meme­coin has declined by 9 per cent in the last 24 hours. On the oth­er hand, with activ­i­ty around NFTs slow­ing down, Solana is down by 17 per cent over the past day.”

Shiv­am Thakral, the CEO of BuyU­Coin, said, “The over­all cryp­to mar­ket cap fell by over 2 per cent but it’s still hold­ing above the $1 tril­lion mark. The total cryp­to vol­ume in 24 hours saw a jump of over 34 per cent, which sig­nals strong buy­ing activ­i­ty in the mar­ket. Bit­coin and Ether has a peace­ful day with mar­gin­al fluc­tu­a­tion in their price and trad­ed at $20,197.86 and $1,509.75, respec­tive­ly. In the alt­coin space, DOGE, ADA, and SOL wit­nessed a dou­ble-dig­it dip in their val­ue while MATIC con­tin­ues its impres­sive ral­ly with dou­ble-dig­it growth owing to its part­ner­ship with Meta. All eyes are on the US elec­tions today which will have a sig­nif­i­cant impact on the cryp­to and tra­di­tion­al finan­cial mar­kets in the com­ing weeks.”

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.