There are busy times in the crypto market today. However, investors are following the developments carefully. The total value of the global crypto market remained at $2.34 trillion, the same as yesterday. However, transaction volume decreased by 3% to $89.53 billion. As Kriptokoin.com, let’s take a look at the latest price movements of the prominent cryptocurrencies in the first days of November.
Leading Cryptocurrency Bitcoin and Ethereum Prices Today
Bitcoin reached $69,675, a slight increase of 0.5% in the last 24 hours. The lowest and highest values during the day ranged between $68,803.31 and $71,559.02. Additionally, BTC’s market cap increased to $1.38 trillion and its market dominance increased by 0.10% to 58.94%. According to Sosovalue data, there was an outflow of $54.94 million from spot Bitcoin ETFs on November 1. Fluctuations in BTC price worry investors. However, a positive scenario will lead the price to rise up to $73,750. On the other hand, if things turn around, the crypto could drop to $66,000.
Ethereum rose a small 0.13% on the day to $2,503. Additionally, the price range fluctuated between $2,482.63 and $2,583.78. Ethereum’s market value increased to $301.64 billion. On November 1, there was an outflow of $10.93 million from spot Ethereum ETFs. The $2,530 support level for ETH price is an important confidence point for investors. If it can hold this level, the price will see a rise towards $2,800. However, if the bears take over the market, the price of the cryptocurrency will drop to $2,200.
Solana and XRP Prices Today
Solana (SOL) has had a very active 24 hours and is currently trading at $167. Additionally, the lowest and highest prices during the day were recorded as $164.03 and $173.85. Solana’s market value remained stable at $78.6 billion. Cryptocurrency may push the $200 level in November.
XRP dropped around 1% in the last 24 hours to $0.5147. The price range during the day was between $0.5093 and $0.5234. Additionally, the market value of XRP is at $29.27 billion. The news of 900 million XRP carried by Ripple in recent days attracted the attention of investors. This news created a movement in the markets. If the bulls dominate the market, the price will test the $0.560 resistance. However, if the selling pressure increases, there will be a pullback to $0.480.
Winning and Losing Cryptocurrencies of the Day
Raydium (RAY) gained more than 15% in the last 24 hours, rising to $3.56. Low and high prices during the day ranged from $3.02 to $3.59. Cardano (ADA) rose 6% to $0.3619. Monero (XMR) was also up 5% at $159.
On the other hand, Immutable (IMX) fell 6% to $1.09. Optimism (OP) lost 6% to $1.51. Artificial Superintelligence Alliance (FET) fell 5% to $1.23. The downward trend in cryptocurrency markets continues.
62552
