Crypto Price Today: Bitcoin Stays Dominant Priced Over $36,000, Most Altcoins See Gains Including Ether, Cardano

The value of Bitcoin has reached the mark of $36,318 (roughly Rs. 30.2 lakh).

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 9 November 2023 12:35 IST

Crypto Price Today: Bitcoin Stays Dominant Priced Over $36,000, Most Altcoins See Gains Including Ether, Cardano

Photo Credit: Pixabay/ WorldSpectrum

The crypto market valuation stands at $1.37 trillion (roughly Rs. 1,14,05,455 crore)

Highlights

Tether recorded a loss of 0.02 percent
Monero value dropped drastically by 16.67 percent after recent exploit
Stellar, Avalanche recorded profits alongside majority cryptocurrencies

Bitcoin on Thursday, November 9 clocked a profit of 2.84 percent. With this, the value of Bitcoin has reached the mark of $36,318 (roughly Rs. 30.2 lakh), making it the highest price that the asset has managed to record this year so far. Co-incidentally, it was on November 9, 2021, when Bitcoin and Ether set their last known all-time highs (ATHs) of $68,000 (roughly Rs. 56 lakh) and $4,890 (roughly Rs. 4 lakh) respectively. While BTC and ETH are far away from their last attained ATHs, they are trading at elevated prices compared to their pricings from earlier this year.

Ether grew by 1.83 percent in the last 24 hours. The value of Ether currently stands on the mark of $1,916 (roughly Rs. 1.59 lakh).

“Investors should exercise caution as the market starts to become euphoric. The market can expect to see a correction phase,” Shubham Hudda, Senior Manager, CoinSwitch Markets Desk told Gadgets360.

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Cardano, Dogecoin, Chainlink, and Polygon emerged among profit-making cryptocurrencies alongside BTC and ETH.

Notable gains also graced Binance Coin, Polkadot, Litecoin, Shiba Inu, Avalanche, Stellar, and Cosmos among other cryptocurrencies.

As per Hudda, “Popular and old DeFi projects like AAVE (+10.2 percent), Synthetix (+8.6 percent), and Chainlink (+9.1 percent) have started to show strength in the backdrop of Bitcoin reaching new highs for the first time in last 18 months.”

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The overall crypto market cap spiked by 3.97 percent in the last 24 hours. With this, the valuation of the crypto sector stands at $1.37 trillion (roughly Rs. 1,14,05,455 crore), showed CoinMarketCap on Thursday.

Meanwhile, small losses struck Tether, Monero, and Status that are trading in the reds on the crypto chart today.

“Along with Bitcoin and Ether, altcoins like SOL, TON, and MATIC made impressive contributions to the current market rally as the world's largest altcoin, ETH, jumped by over 15 percent in November. The digital asset industry is ready for the next phase of responsible growth as the FTX trial has come to a close. The positive market sentiment is pointing towards healthy and sustainable growth in the coming weeks subject to macro-economic conditions,” Shivam Thakral, CEO of BuyUcoin, India's second-longest-running digital asset exchange told Gadgets360.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Qutm, Wrapped Bitcoin, Zcash, Tether, USD Coin, Ripple, Binance USD, Binance Coin, Cardano, Polygon, Solana, Polkadot, Dogecoin, Shiba Inu, Litecoin, Uniswap, Tron, Monero, Dash, Bitcoin Cash, Flex, Cartesi, Braintrust, Kishu Inu, Circuits of Value

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More