Bitcoin, the world’s largest cryptocurrency by far, has been on record lows for the past few days. on Thursday 18 November, bitcoin price fell To the sub-level of $60,000, as it did the day before. At the time of writing this article, the price of one bitcoin was $59,395.64. It was down 0.18 per cent in the last 24 hours and 8.89 per cent in the last seven days. Bitcoin hit a record high of over $68,000 last week, days after the price crash. The dominance of cryptocurrency also waned. At the time of writing, bitcoin market dominance stood at 43.21 percent, a decrease of 0.21 percent over the day.
“Bitcoin remains dormant, trading near the $60,000 level. It has been speculated that the sharp drop in price was due to a selloff following the massive drop in bitcoin price, as news of its recent taproot upgrade occurred. This gives developers access to a wider range of toolboxes. Bitcoin’s trend suggests it is consolidating near its support level for the second day in a row. The RSI indicator slipped below 50 for the first time since October 1 this year. “We can expect a reversal of trends based on favorable factors surrounding bitcoin and other alts,” said the WazirX Trade Desk on the continuing decline in bitcoin prices.
Ethereum, which recorded its lifetime highs alongside bitcoin, was also hovering around similar prices that day. According to data available on the global crypto tracking website CoinMarketCap, at the time of writing this article the price of one Ether coin was $4,217.06. It was 0.88 per cent higher in the last 24 hours, but reduced by more than 10 per cent in the last seven days. According to the data, last week Ether rallied over $4,800 in its lifetime.
“Ethereum continues to follow bitcoin without any movement over the past 24 hours. The same was the case with major altcoins. However, Metaverse Base Project The Sandbox (SAND) saw a huge jump in prices as it lost 25 percent from the previous day. has increased by more than Rs.”, commented WazirX Trade Desk.
After a steady decline over the past few days, the global cryptocurrency market capitalization on Thursday, 18 November saw a slight increase in its numbers. Data from CoinMarketCap showed that the market cap stood at 2.60 trillion. It was up 0.35 percent in the last 24 hours. However, the total crypto volume declined significantly during the last day. The volume of coins traded stood at $125.88 billion, a decrease of 12.94 percent over the past 24 hours.
Data from the crypto tracking website shows that Angry Squid was the top gainer in the global crypto market. The value of one token has increased by 1,166.94 percent in the last 24 hours. According to the data, the price of one token was $0.001673. Star Ship Royale took second place in the Top Gainers pack, priced at $1.81 and 1,071.45 percent higher in the last 24 hours. Year Cash, valued at $63.29 per token, continued its upward trend and ended the day at the third position with a rise of 376.44 percent.
As far as losers are concerned, the top spot went to ARC Governance. The price of one token fell 99.96 percent and was trading at $0.4086. Floki finished second and third on the Meta and AziusX charts, losing 84.22 and 82.0%, respectively, during the final day.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Angry Squid: $0.001673 – up to 1,166.94 percent
Star Ship Royal: $1.81 – up to 1,071.45 percent
Annual cash: $63.29 – up to 376.44 percent
FireRocket: $0.00001197 – up to 352.14 percent
HYPED: $0.0000000007999 – up to 340.36 percent
Atromg8: $0.1469 – up to 275.28 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
ARC rule: $0.4086 – 99.96 percent less
Floki Meta: $0.0000001035 – 84.22 percent drop
Azius X: $0.0007745 – 82.00 percent off
Allonomics: $1.43 – 81.14 percent less
HYPED: $0.00001235 – 80.21 percent drop
Onyx: $1.26 – down 77.56 percent
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