BTC, ETH Open New Week With Losses, Several Altcoins Go Down the Street

Unlike last year in November, when crypto markets rose to achieve a market cap of three billion dollars, this year seems to be lacking. On November 7, Monday, Bitcoin opened trading with a loss of 1.34 percent. As per crypto price tracking by Gadgets 360, Bitcoin is trading at $20,922 (roughly Rs. 17 lakh). Even in international trading, Bitcoin encountered dips of up to 1.15 percent while maintaining the same price points.

Ether also found itself falling off the value ladder like Bitcoin on Monday. With a loss of 2.19 percent, ETH is trading at $1,581 (roughly Rs. 1.30 lakh), as shown by Gadgets 360’s crypto price tracker.

Market volatility has affected many altcoins with losses today.

These include Binance Coin, Ripple, Dogecoin, Solana, Cardano, Polkadot, and Shiba Inu.

At that time, only a small number of cryptocurrencies were able to see the benefits today.

Profitable altcoins include Tether, USD Coin, Binance USD, Polygon, and Litecoin.

The global crypto market is down 2.08 percent in the last 24 hours.

like saying CoinMarketCapthe global crypto market stands at $1.03 trillion (approx. Rs. 84,91,239 crore).

“Polygon’s Matic has consistently been one of the best performing altcoins this past week. It has been riding on different relationships. Since most of the altcoins are showing good moves and the dominance of Bitcoin remains below the 40% mark, we can probably witness an altcoin rally soon. The total crypto market remains above $1 trillion, with trading volumes remaining low over the weekend,” said Edul Patel, CEO and founder of Mudrex crypto investment platform told Gadgets 360.

Following the market volatility, global exchanges such as Coinbase and Robinhood have recorded slips in user activity and revenue generated by crypto.

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

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