Cryptocurrency Prices Today (November 26): Bitcoin Dips to $94K, Check Top Gainers, Losers

Cryptocurrency Prices Today (November 26): On November 26, 2024, the cryptocurrency market is experiencing a dip in prices. Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, has dropped below the $95,000 mark, currently standing at $94,000. This decline represents a loss of 3.64% in the last 24 hours, as market conditions continue to fluctuate. Despite this, Lido DAO (LDO) has emerged as the top gainer, marking a significant 7% increase in its price. The global crypto market capitalization has fallen to $3.35 trillion, reflecting a general 2.52% dip over the past day. This article takes a detailed look at the price movement of various cryptocurrencies and what market experts are saying about the current market situation.

Bitcoin Price Today: A Drop to $94,000

Bitcoin’s price has taken a hit on November 26, 2024. The cryptocurrency, which was riding high on the "Trump Bump" in recent weeks, has now dipped below the $95,000 mark, reaching $94,000. This represents a 3.64% decrease in the last 24 hours. Bitcoin’s recent downward trend has been attributed to a combination of market forces, including profit-taking and selling pressure.

Bitcoin’s Price Movement:

• Price: $94,424.11 (down 3.64%)
• Price in India: ₹82.65 lakh

As market dominance continues to shift, Bitcoin’s market share has dropped to 57.4%, with altcoins like Ethereum (ETH) and Dogecoin (DOGE) showing relative strength in comparison. However, experts continue to predict Bitcoin’s long-term bullish potential, citing increasing institutional interest and the growth of Bitcoin ETFs.

Market Trends:

• Bitcoin continues to face selling pressure as its price fluctuates between $92,600 and $94,600.
• Institutional interest in Bitcoin remains strong, with significant inflows into Bitcoin ETFs, as evidenced by the recent $3.12 billion in weekly inflows into Spot Bitcoin ETFs.
• Analysts remain optimistic that Bitcoin will eventually recover and might even surpass the $100,000 mark in the future.

Ethereum Price Today: A Modest Gain

While Bitcoin struggles with a price dip, Ethereum (ETH) has managed to recover slightly, marking a 1.16% gain. Ethereum’s price currently stands at $3,421.79, and it has experienced a notable rebound after breaking free from an eight-month downward trend. The recent growth is being attributed to growing institutional interest and bullish sentiment surrounding Ethereum’s future upgrades, such as the upcoming Ethereum 2.0 features.

Ethereum’s Price Movement:

• Price: $3,421.79 (up 1.16%)
• Price in India: ₹2.86 lakh

Ethereum's price has increased by 6% in the last 24 hours and has shown significant resilience amidst the broader market correction. Experts remain bullish on Ethereum, with some projecting that it could surpass its all-time high of $4,878 in the current cycle. Investors continue to watch Ethereum closely as it has become a major contender in the cryptocurrency space, particularly due to its potential for decentralized finance (DeFi) applications.

Other Cryptocurrencies: Solana, Litecoin, Dogecoin, and Ripple

The broader cryptocurrency market is experiencing mixed performances, with several major altcoins like Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Ripple (XRP) facing losses.

Solana (SOL):

• Solana's price has taken a significant dip, down 6.16% in the last 24 hours, trading at $237.74. The SOL price in India is ₹21,399.48.
• Solana’s price loss is attributed to market volatility and profit-taking, as the cryptocurrency experienced a strong rally in recent weeks.

Litecoin (LTC):

• Litecoin is also seeing a 2.75% decrease in value, standing at $94. The LTC price in India is ₹8,205.62.
• Litecoin, often seen as a silver to Bitcoin’s gold, has faced downward pressure amidst the current market correction.

Dogecoin (DOGE):

• Dogecoin has been another major loser, with a 4.07% dip in the past 24 hours, currently priced at $0.406.
• Despite Elon Musk’s continued support and promotion of Dogecoin, its price is showing signs of weakness amidst broader market conditions.

Ripple (XRP):

• Ripple has seen a 0.72% dip, trading at $1.45. XRP's price in India is ₹126.50.
• Ripple's price is facing challenges in the market, although it remains a strong contender in the cryptocurrency ecosystem, especially in cross-border payments.

Top Crypto Gainers: Lido DAO Leads the Pack

In contrast to the losses seen in major cryptocurrencies, certain altcoins are seeing impressive gains. Lido DAO (LDO), in particular, has emerged as the top gainer, marking a 7.42% increase in price over the last 24 hours. Other notable gainers include Uniswap (UNI), Aave (AAVE), Arbitrum (ARB), and Dogwifhat (WIF).

Lido DAO (LDO):

• Price: $1.62 (up 7.42%)
• Lido DAO’s token has seen a sharp increase in its value, leading the market in terms of percentage gains.

Other Notable Gainers:

• Uniswap (UNI): Price: $11.53, Gain: 6.15%
• Aave (AAVE): Price: $179.73, Gain: 6.06%
• Arbitrum (ARB): Price: $0.8999, Gain: 5.72%
• dogwifhat (WIF): Price: $3.34, Gain: 5.14%

These altcoins have been gaining due to strong investor sentiment and positive market trends. Lido DAO’s rise is particularly noteworthy, given the growing interest in decentralized finance (DeFi) platforms and the general market sentiment favoring altcoins.

Top Crypto Losers: The Sandbox, Decentraland, and Others

On the other hand, there are several cryptocurrencies that are facing steep declines today. The Sandbox (SAND) has been the biggest loser, with a nearly 20% drop in the last 24 hours. Other significant losers include Decentraland (MANA), Raydium (RAY), and NEAR Protocol (NEAR).

The Sandbox (SAND):

• Price: $0.6475 (down 19.84%)
• The Sandbox, a popular metaverse platform, has been hit hard by the market correction, marking the largest loss among major cryptocurrencies today.

Other Notable Losers:

• Decentraland (MANA): Price: $0.6168, Loss: 13.90%
• Raydium (RAY): Price: $5.51, Loss: 10.48%
• NEAR Protocol (NEAR): Price: $6.48, Loss: 8.54%
• Popcat (SOL) (POPCAT): Price: $1.33, Loss: 8.34%

These declines are attributed to profit-taking, as investors shift their attention to more promising assets. While the losses are significant, many of these cryptocurrencies have strong use cases and continue to attract long-term interest.

Market Experts Weigh In on Current Market Conditions

Several market experts have shared their thoughts on the current state of the cryptocurrency market. Here are some key insights:

• Edul Patel, CEO of Mudrex, noted that Bitcoin is facing selling pressure and has dipped below $95,000. However, the overall cryptocurrency market remains strong, with significant inflows seen in the broader market, particularly in spot Bitcoin ETFs.

• Sathvik Vishwanath, CEO of Unocoin, suggested that Bitcoin’s price decline could be a potential correction ahead of the next rally. He emphasized that investors should watch key support levels around $93,000 to $92,500, as Bitcoin remains highly volatile.

• Shivam Thakral, CEO of BuyUcoin, pointed out that despite Bitcoin’s recent price drop, investors remain optimistic about its long-term potential, citing strong institutional interest as a key driver. Meanwhile, Ethereum’s recovery is a positive sign for the overall market, signaling that altcoins could see further upward movement.

Also Read: NTPC Green Energy IPO Listing Tomorrow: Allotment Status, GMP, and How to Check Online - All You Need To Know