Bitcoin (BTC) Price Today - November 8: BTC Crosses $75,000 Mark, ETH Price Nears $3,000
Bitcoin (BTC), the world's oldest and most valued cryptocurrency, managed to remain stable within the $75,000 range early Friday morning.
Bitcoin price remained stable within the $75,000 range early Friday morning, while most other popular altcoins landed in the greens.
The global crypto market cap stood at $2.48 trillion at the time of writing, registering a 24-hour loss of 1.39 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $75,909.25, registering a 24-hour gain of 1.61 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 57.92 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,905.09, marking a 24-hour gain of 2.38 percent at the time of writing. Ethereum price in India stood at Rs 2.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.65 percent, as per CoinMarketCap data, currently priced at $0.1946. Dogecoin price in India stood at Rs 12.66.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.66 percent. At the time of writing, it was trading at $71.29. LTC price in India stood at Rs 5,943.60.
Ripple (XRP) Price Today
XRP price stood at $0.5504, seeing a 24-hour loss of 1.26 percent. Ripple price in India stood at Rs 42.48.
Solana (SOL) Price Today
Solana price stood at $198.03, marking a 24-hour gain of 4.94 percent. SOL price in India stood at Rs 13,625.79.
Top Crypto Gainers Today (November 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Neiro (NEIRO)
Price: $0.00242124-hour gain: 22.20 percent
Cardano (ADA)
Price: $0.420924-hour gain: 13.32 percent
Goatseus Maximum (GOAT)
Price: $0.845824-hour gain: 9.83 percent
Pyth Network (PYTH)
Price: $0.409624-hour gain: 7.43 percent
Mantle (MNT)
Price: $0.659824-hour gain: 7 percent
Top Crypto Losers Today (November 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $1.2624-hour loss: 9.39 percent
Kaspa (KAS)
Price: $0.112324-hour loss: 6.22 percent
ApeCoin (APE)
Price: $1.0324-hour loss: 5.02 percent
Mog Coin (MOG)
Price: $0.00000211124-hour loss: 5.01 percent
Bittensor (TAO)
Price: $500.1324-hour loss: 4.99 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s post-election rally gained further momentum, reaching a new all-time high of $76,940 following a 25 basis point cut in the Fed's benchmark interest rate amid easing inflation and steady employment figures. Currently trading at $75,800, the Fed’s rate reduction, alongside continued inflows into Bitcoin ETFs and high trading volumes, has strengthened BTC’s upward trajectory. Additionally, Bitcoin becoming the 9th largest global asset has boosted positive market sentiment. BTC’s resistance now stands at $77,000 and the support remains at the $74,600 mark.”
CoinSwitch Markets Desk noted, “BTC formed another all time high at 76.8k USD as bulls continue to dominate the crypto market owing to the pro crypto expectation from the upcoming regime change in the United States. World’s second largest crypto by market cap, ETH, too showed some strength as it hit its highest price in more than three months. 3000 USD could be a major resistance for Ethereum
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