Crypto Price Today: Bitcoin, Ether enter last week of November with losses, most altcoins see decline

On Monday, November 27, Bitcoin saw a loss of 1.24 percent. At the time of writing, Bitcoin was valued at $37,238 (approximately Rs 31 lakh). The month of November this year proved beneficial for the crypto sector and especially Bitcoin. The most expensive cryptocurrency started this month at a price of $34,397 (approximately Rs 28.6 lakh). In the last three weeks, the asset has managed to increase by $38,000 (approximately Rs 31.6 lakh).

A decline of 1.48 percent was seen in the price of Ether on Monday. Ether, the second largest crypto asset by valuation, is currently trading at a price point of $2,043 (approximately Rs 1.70 lakh).

“A successful break and sustained hold above $38,000 (approximately Rs 33.9 lakh) would be considered a bullish signal. For ETH, it is necessary to overcome the crucial resistance at $2,130 (approximately Rs 1.9 lakh) for a bullish case. A solid close above this level could push the price higher,” the CoinDCX research team told Gadgets360.

Most cryptocurrencies recorded a decline today. These include Binance Coin, Ripple, Solana, Cardano and Dogecoin.

Tron, Chainlink, Polygon, Avalanche, Polkadot, Litecoin, Shiba Inu and Bitcoin Cash are also trading with losses today.

The overall crypto market valuation has declined by 1.12 percent in the last 24 hours. It is currently valued at $1.42 trillion (approximately Rs 1,18,39,313 crore), as shown coinmarketcap,

Only a few cryptocurrencies managed to register gains today. These include Leo, Cosmos, Uniswap, Binance USD and Iota.

Smaller gains were also reflected by Braintrust and Circuit of Value.

“Axie Infinity (AXS) has been one of the biggest gainers as it is up 15.9 percent in the last 24 hours. According to data from DappRadar, play-to-earn blockchain games recorded a surge in demand in November; The number of wallets interacting with the game increased by 30 percent. Adding to the recent surge in DeFi, decentralized exchange dYdX is set to unlock $500 million (roughly Rs. 4,168 crores) worth of tokens in its first significant issuance,” Parth Chaturvedi, investment lead at Coinswitch Ventures, told Gadgets360.

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

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