Global cryptocurrency market The cap was $2.86 trillion on Friday, November 10. Data from crypto tracking CoinMarketCap shows that it had gained 1.56 percent during the previous day. The surge was attributed to the rising price of crypto coins in the past few days. Shiba Inu prices continued to rise for the second day in a row on Friday, up 3.95 percent in the past 24 hours. A SHIB token was priced at $0.00005387 amid increasing demand among investors. However, Bitcoin, after touching a life high two days ago, fell below the $65,000 mark on Friday. The coin, which was earlier trading at over $67,000, was priced at $64,998.54 on the day, up 0.44 percent over the past 24 hours.
“The cryptocurrency market has been under bear influence over the past 24 hours. Except for the meme coin, the shiba inu, almost all of the top 20 cryptocurrencies ended in the red, driven by heavy buying pressure. On the downside of the major crypto coins Edul Patel, CEO and Co-Founder of Mudrex, said, “We saw an increase of over 21 percent in overall business across the spectrum.”
“After a series of new highs in a short span of one week, Bitcoin declined slightly to US$64.9k and Ethereum mirrored a similar trend, dropping to US$4.7K. One-week highs and lows During the U.S., questions of bitcoin’s volatility and the threat of a bubble bursting have re-emerged, threatening the growing credibility of the digital asset industry. Yet, proving critics wrong, analysts have calculated how deflationary bitcoin is. impact, providing 99.996 percent deflation over the past decade,” said the CoinDCX research team.
Ethereum also declined below its all-time high of $4,800 on the day. One Ethereum altcoin was priced at $4,767.67 at the time of writing this article, up 2.52 percent over the past 24 hours. “Ethereum corrected slightly after breaking the $4800 mark and making an all-time high. ETH token continues to move with an ascending channel pattern. We are looking for immediate support at the $4430 level and the next resistance at the $4900 mark You can expect the same,” WazirX Trade Desk said.
ZebPay Trade said, “While there is no respite in volumes, and we continue to see strong inflows in both of these assets, this is probably due to the fact that any correction from these levels will make both BTC and ETH attractive.” Builds like property.” According to CoinMarketCap, the total crypto market volume in the last 24 hours stood at $126.46 billion.
Data from CoinMarketCap shows that Pancake Games was the top ranked leader in the global crypto market. In the last 24 hours, the value of one token has increased by 1,841.44 percent. According to the data, the price of one token was $0.00002268. Angry Squid took the second spot in the pack of top gainers with a price of $0.00000003704 and an increase of 1,201.65 percent over the past 24 hours. Alonomics, which is valued at $34.98 per token, was third on the last day, up 574.64 percent.
As far as the losers are concerned, the top spot went to Levelup Gaming. One token lost 100.00 percent in price and was trading at $0.009488 on Friday. StrongHands Finance and Tipsy Santa finished second and third on the charts, falling 86.28 and 81.67 percent, respectively, during the final day.
Top 6 Cryptocurrency Gainers (According to Data from CoinMarketCap)
Pancake Games: $0.00002268 – 1,841.44 percent increase over the last 24 hours
Angry Squid: $0.00000003704 – up 1,201.65 percent in the last 24 hours
Allonomics: $34.98 – 574.64 percent increase over the last 24 hours
GreenMoonZilla: $0.03441 – 430.78 percent increase over the last 24 hours
Sombra Network: $0.08852 – 286.39 percent increase over the last 24 hours
Husky X: $0.00000000713 – 285.40 percent increase over the last 24 hours
Top 6 cryptocurrency losers (according to data from CoinMarketCap)
Levelup Gaming: $0.009488 – Down 100.00 percent over the last 24 hours
StrongHands Finance: $0.4214 – 86.28 percent down in last 24 hours
Tipsy Santa: $0.0008376 – 81.67 percent down in the last 24 hours
Freeza Inu: $0.000000003393 – 78.91 percent down in the last 24 hours
Wellness Finance: $0.4224 – down 74.76 percent in last 24 hours
Shibamon: $0.0000005603 – down 69.96 percent in last 24 hours
“Despite the downside in the spectrum, long-term investors need not worry as this profit-booking session is common after the markets hit new highs. The coming few days are likely to be limited for the cryptocurrency market. It will be interesting to see if the top cryptos manage to maintain support levels over the weekend,” Edulpatel said in a note.
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