Bitcoin (BTC) — the oldest and most valued cryptocurrency in the world — slid below the $16,000 mark as it became the latest victim of the ongoing crypto meltdown, stemming from the spectacular crash of crypto exchange FTX. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) — saw a mix of gains and dips across the board. The Huobi Token (HT) emerged to be the biggest gainer, with a 24-hour jump of nearly 11 percent.
At the time of writing, the global crypto market cap stood at $820.62 billion, registering a 24-hour gain of 4.04 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $16,553.78, seeing a 24-hour gain of 4.36 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.25 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,166.11, marking a 24-hour jump of 5.48 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.02 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 8.82 percent as per CoinMarketCap data, currently priced at $0.08279. As per WazirX, Dogecoin price in India stood at Rs 7.05.
Litecoin (LTC) price today
Litecoin saw an impressive 24-hour gain of 29.33 percent. At the time of writing, it was trading at $80.97. LTC price in India stood at Rs 7,000.
Ripple (XRP) price today
XRP price stood at $0.3775, seeing a 24-hour gain of 5.13 percent. As per WazirX, Ripple price stood at Rs 32.
Solana (SOL) price today
Solana price stood at $13.06, marking a 24-hour jump of 12.23 percent. As per WazirX, SOL price in India stood at Rs 1,189.99.
Top crypto gainers today (November 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 27.01 percent
Curve DAO Token (CRV)
24-hour gain: 25.16 percent
24-hour gain: 15.46 percent
Convex Finance (CVX)
24-hour gain: 13.45 percent
24-hour gain: 11.98 percent
Top crypto losers today (November 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 11.28 percent
24-hour loss: 1.64 percent
24-hour loss: 1.06 percent
PAX Gold (PAXG)
24-hour loss: 0.08 percent
Gemini Dollar (GUSD)
24-hour loss: 0.07 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has gained about 4 percent in the past 24 hours. BTC has bounced off its local support level at $15,651 and the price has fixed above the resistance level at $15,932. Currently, one needs to pay attention to the $16,000 mark. If bulls can hold the gained initiative today, BTC will likely trade at $16,500 soon.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The BTC/USD pair opened at $15,766 on November 22, reaching a high of $16,281 and a low of $15,616. Bitcoin has immediate technical support near $15,850. A close of the candle above this level will indicate a possible bullish reversal.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “The global crypto market saw slight upward movement over the past day with a 2.5 percent increase. This comes after Bitcoin and Ethereum reached their lowest level in two years on Tuesday. The cryptocurrency market is still seeing changes due to the collapse of FTX. If the trends today continue, we could see key cryptocurrencies regain some lost ground and break their resistance level.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap is back above the $800 billion mark with crypto heavyweights like Bitcoin and Ether leading the effort. Bitcoin and Ether witnessed a mini rally surging by 4.41 percent and 5.49 percent, respectively. The surge is linked to the overall recovery in the financial markets across the globe. The crypto leaders are discussing the FTX fallout openly and discussing the corrective measures on public platforms which are restoring investor confidence.”
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.