Bitcoin (BTC)CryptocurrencyETH (Ethereum)Price Analysis

Bitcoin (BTC), Ethereum (ETH) Decline from New ATHs

Bitcoin saw a 1.53% fall, while Ethereum lost 2.40% of its value.

Top cryptocurrencies saw their price tumbling today after the new highs recorded on 9 November. Bitcoin, the world’s leading crypto, dropped towards $66,519 from $68,290. Also, Ethereum saw price declines, falling to $4,684 from $4,807 on 10 November (Coinmarketcap data).

Meanwhile, cryptocurrencies continue to witness positivity. Media reports show that Apply executive Tim Cook told New York Times that he holds digital assets. Bitcoin has seen its value dropping by 2.53% over the past 24 hours, while Ethereum plunged by 2.4% during the same time.

Binance Coin stays in its 3rd position with its market price at $629.5. The alternative token witnessed a 3.02% drop since yesterday. Cardano (ADA) replaced Solana at the 4th position as it saw a 2.15% surge in 24 hours, hovering at $2.22. Solana slid towards 6th place, falling by 4.12% in 24 hours, trading near $236.2 (Coinmarketcap data).

Meme Coins

Shiba Inu experienced a 4.64% price plunge over the past 24 hours. On the other part, the original meme crypto DOGE saw a 5.3% plummet in one day. While publishing this article, SHIB traded at $0.00005371, while DOGE stood at $0.2691 (Coinmarketcap data).

The Lorde Edge Coin witnessed a price surge after Elon Musk changed his Twitter name. Meanwhile, the Squid game cryptos turned to be a scam. Bitbns CEO Gaurav Dahake said that meme coins have multiple red flags, and the token’s hype might die in the coming days.

Top NFTs

With its volume at 114.03 Solana, PixTapes led the NFT collections and experienced a 51.7% fall over the previous 24 hours. Meanwhile, Solchicks had its market volume at 30.16 SOL and increased by 415.6% in 24 hours. WipeMyAss NFT ranks 3rd with its total volume at 23.5 SOL.

Cryptocurrency Developments

Bloomberg reports suggest that digital currencies by top global central banks might be legal tenders in jurisdictions. That is according to experts studying the initiatives. Dahake said that the Indian government hinted at classifying crypto as virtual assets and not legal tenders. That is a massive step towards crypto mass adoption by India.

Stay around for updated crypto market news.

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