Crypto Price Today: Bitcoin, Ether Continue to Show Growth Despite Several Altcoins Seeing Losses

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Bit­coin on Tues­day, Novem­ber 21 showed a spike in its val­ue from pre­vi­ous day’s pric­ing. Reflect­ing a prof­it of 0.44 per­cent, Bit­coin is present­ly trad­ing at $37,472 (rough­ly Rs. 31.2 lakh). In the last 24 hours, the val­ue of Bit­coin rose by $231 (rough­ly Rs. 19,250). Mar­ket ana­lysts pre­dict that in the com­ing days, Bit­coin may touch the mark of $41,500 (rough­ly Rs. 34.5 lakh) but could also see its val­ue drop­ping to as low as $33,500 (rough­ly Rs. 27.9 lakh).

Ether showed a growth of 0.54 per­cent on the price chart on Tues­day. The price of Ether, at the time of writ­ing, stood at $2,013 (rough­ly Rs. 1.6 lakh). Over the last day, the val­ue of ETH has grown by $16 (rough­ly Rs. 1,333).

Along­side BTC and ETH, a bunch of oth­er cryp­tocur­ren­cies also man­aged to mint small prof­its. These include Teth­er, Binance Coin, USD Coin, Wrapped Bit­coin, and Binance USD.

Some under­dog cryp­tocur­ren­cies that are already trad­ing in the greens include Iota, Nem, Qtum, and Mobox among others.

“With Ope­nAI founder Sam Alt­man in the news over the week­end, AI-relat­ed tokens have also expe­ri­enced volatil­i­ty in the past few days, as Sam’s cryp­to project World Coin, touched its four-month high at $2.71 (rough­ly Rs. 0.033). Oth­er AI-relat­ed tokens like RNDR also crossed its 21-month high and have almost dou­bled in just one month,” the Coin­Switch research team told Gadgets360.

The over­all cryp­to mar­ket cap rose by 0.42 per­cent in the last 24 hours to now sit at the val­u­a­tion of $1.42 tril­lion (rough­ly Rs. 1,18,35,799 crore) as per Coin­Mar­ket­Cap.

Mean­while, sev­er­al cryp­tocur­ren­cies record­ed loss­es today. These include Rip­ple, Solana, Car­dano, Doge­coin, Tron, and Chain­link.

Loss­es also struck Poly­gon, Avalanche, Polka­dot, Lite­coin, Shi­ba Inu, and Bit­coin Cash on Tuesday.

Despite today’s slow growth, mar­ket experts remain opti­mistic and hope­ful about bet­ter days for the dig­i­tal assets sector.

“The mar­ket surge over the last 24 hours has been dri­ven by Bit­coin and Ethereum mim­ic­k­ing a past trend of price increase fol­low­ing ETF announce­ments. Binance’s set­tle­ment with the US Depart­ment of Jus­tice also led to a rise in BNB token’s price. The mar­ket upswing favoured alt­coins such as XRP which has been on an upward tra­jec­to­ry since Bit­coin’s price took off in Octo­ber. This might indi­cate a ris­ing inter­est in trad­ing activ­i­ties across plat­forms,” Rajagopal Menon, Vice Pres­i­dent, WazirX told Gadgets360.

Cryp­tocur­ren­cy is an unreg­u­lat­ed dig­i­tal cur­ren­cy, not a legal ten­der and sub­ject to mar­ket risks. The infor­ma­tion pro­vid­ed in the arti­cle is not intend­ed to be and does not con­sti­tute finan­cial advice, trad­ing advice or any oth­er advice or rec­om­men­da­tion of any sort offered or endorsed by NDTV. NDTV shall not be respon­si­ble for any loss aris­ing from any invest­ment based on any per­ceived rec­om­men­da­tion, fore­cast or any oth­er infor­ma­tion con­tained in the arti­cle. 

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