The worldwide crypto market cap has dipped under $800 billion resulting from a extreme improve in liquidation following the FTX crypto change collapse. Whereas Bitcoin (BTC) managed to remain throughout the $16,000 vary, most different altcoins — together with the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) — landed within the reds throughout the board. The UNUS SED LEO (LEO) token turned out to be the most important gainer, albeit with a minor bounce of lower than 2 p.c. Chiliz (CHZ) emerged to be the most important loser, seeing a 24-hour lack of over 17 p.c.
On the time of writing, the worldwide crypto market cap stood at $794.02 billion, registering a 24-hour dip of 5 p.c.
Bitcoin (BTC) worth at present
Bitcoin worth stood at $16,168.17, seeing a 24-hour lack of 3.11 p.c, as per CoinMarketCap. In line with Indian change WazirX, BTC worth stood at Rs 14.10 lakhs.
Ethereum (ETH) worth at present
ETH worth stood at $1,134.17, marking a 24-hour dip of seven.03 p.c on the time of writing. As per WazirX, Ethereum worth in India stood at Rs 99,494.70.
Dogecoin (DOGE) worth at present
DOGE registered a 24-hour lack of 10.62 p.c as per CoinMarketCap knowledge, at present priced at $0.07616. As per WazirX, Dogecoin worth in India stood at Rs 6.85.
Litecoin (LTC) worth at present
Litecoin noticed a 24-hour dip of 5.16 p.c. On the time of writing, it was buying and selling at $60.37. LTC worth in India stood at Rs 5,375.35.
Ripple (XRP) worth at present
XRP worth stood at $0.3571, seeing a 24-hour lack of 9.06 p.c. As per WazirX, Ripple worth stood at Rs 31.
Solana (SOL) worth at present
Solana worth stood at $11.81, marking a 24-hour dip of 11.91 p.c. As per WazirX, SOL worth in India stood at Rs 1,050.
High crypto gainers at present (November 21)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto gainers over the previous 24 hours:
UNUS SED LEO (LEO)
Value: $4.42
24-hour achieve: 1.63 p.c
USD Coin (USDC)
Value: $1.00
24-hour achieve: 0.03 p.c
PAX Gold (PAXG)
Value: $1,747.32
24-hour achieve: 0.01 p.c
Dai (DAI)
Value: $1.00
24-hour achieve: 0.00 p.c
High crypto losers at present (November 21)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto losers over the previous 24 hours:
Chiliz (CHZ)
Value: $0.1905
24-hour loss: 17.26 p.c
EthereumPoW (ETHW)
Value: $3.18
24-hour loss: 14.40 p.c
Algorand (ALGO)
Value: $0.2472
24-hour loss: 13.48 p.c
NEAR Protocol (NEAR)
Value: $1.51
24-hour loss: 13.42 p.c
Aptos (APT)
Value: $3.99
24-hour loss: 13.10 p.c
What crypto exchanges are saying in regards to the present market state of affairs
Mudrex co-founder and CEO Edul Patel instructed ABP Dwell, “Bitcoin continued to commerce decrease resulting from intense promoting strain over the weekend. Earlier than the FTX fiasco, BTC traded across the $19,000 stage however fell to $15,000 earlier than discovering assist at $16,000. Although BTC is down by 4 p.c, it managed to remain above $16,000, holding its assist place for a powerful 9 days. If patrons can push the worth of BTC above the overhead trendline, we’d see an upward pattern.”
Sathvik Vishwanath, CEO and co-founder of Unocoin stated, “Bitcoin worth is at present consolidating in a large buying and selling vary, from $15,800 to $17,200. As Bitcoin worth has fallen under the 23.6 p.c Fibonacci stage of $17,250, the likelihood of a downtrend stays excessive till the subsequent assist space of $15,800.On the upside, Bitcoin’s quick assist is at $14,530 and the worth might fall as little as $13,850 if the bearish pattern continues. Because the RSI and 50-day transferring common point out a bearish bias, the worth of Bitcoin might fall under $15,830 if the present assist doesn’t maintain.”
weTrade founder Prashant Kumar supplied his take in the marketplace state of affairs as effectively, “The worldwide crypto market cap noticed a 5 p.c loss over the weekend and fell under the $800 billion mark because the FTX crash continued to have an effect on the market. Bitcoin was buying and selling at $16,000 and Ethereum at $1,100 throughout Asia buying and selling hours on Monday morning. An identical loss was seen within the high 10 cryptocurrencies, apart from XRP, which noticed some optimistic motion over the previous seven days.”
Shivam Thakral, the CEO of BuyUCoin, stated, “The crypto market is witnessing appreciable liquidations as a result of current developments across the FTX challenge. The sellers are dominating the market at present and traders ought to count on a steep street to cost restoration. The present worth drop additionally permits for growing crypto holdings as per the chance urge for food of people. The crypto market cap slipped under the $800 billion mark as crypto property proceed to face promoting strain.”
Disclaimer: Crypto merchandise and NFTs are unregulated and might be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency is just not a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and skim provide doc(s) together with associated essential literature on the topic rigorously earlier than making any type of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.