Crypto Price Today: Bitcoin, Ether Continue to Show Growth Despite Several Altcoins Seeing Losses

In the last 24 hours, the value of Bitcoin rose by $231 (roughly Rs. 19,250).

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 21 November 2023 11:39 IST

Crypto Price Today: Bitcoin, Ether Continue to Show Growth Despite Several Altcoins Seeing Losses

Photo Credit: Pexels/ Rodnae Productions

The crypto market cap, as of November 21, stands at the mark of $1.42 trillion

Highlights

USD Coin, Cardano saw gains
Dogecoin, Shiba Inu recorded losses
Cosmos, Stellar see price dips

Bitcoin on Tuesday, November 21 showed a spike in its value from previous day's pricing. Reflecting a profit of 0.44 percent, Bitcoin is presently trading at $37,472 (roughly Rs. 31.2 lakh). In the last 24 hours, the value of Bitcoin rose by $231 (roughly Rs. 19,250). Market analysts predict that in the coming days, Bitcoin may touch the mark of $41,500 (roughly Rs. 34.5 lakh) but could also see its value dropping to as low as $33,500 (roughly Rs. 27.9 lakh).

Ether showed a growth of 0.54 percent on the price chart on Tuesday. The price of Ether, at the time of writing, stood at $2,013 (roughly Rs. 1.6 lakh). Over the last day, the value of ETH has grown by $16 (roughly Rs. 1,333).

Alongside BTC and ETH, a bunch of other cryptocurrencies also managed to mint small profits. These include Tether, Binance Coin, USD Coin, Wrapped Bitcoin, and Binance USD.

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Some underdog cryptocurrencies that are already trading in the greens include Iota, Nem, Qtum, and Mobox among others.

“With OpenAI founder Sam Altman in the news over the weekend, AI-related tokens have also experienced volatility in the past few days, as Sam's crypto project World Coin, touched its four-month high at $2.71 (roughly Rs. 0.033). Other AI-related tokens like RNDR also crossed its 21-month high and have almost doubled in just one month,” the CoinSwitch research team told Gadgets360.

The overall crypto market cap rose by 0.42 percent in the last 24 hours to now sit at the valuation of $1.42 trillion (roughly Rs. 1,18,35,799 crore) as per CoinMarketCap.

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Meanwhile, several cryptocurrencies recorded losses today. These include Ripple, Solana, Cardano, Dogecoin, Tron, and Chainlink.

Losses also struck Polygon, Avalanche, Polkadot, Litecoin, Shiba Inu, and Bitcoin Cash on Tuesday.

Despite today's slow growth, market experts remain optimistic and hopeful about better days for the digital assets sector.

“The market surge over the last 24 hours has been driven by Bitcoin and Ethereum mimicking a past trend of price increase following ETF announcements. Binance's settlement with the US Department of Justice also led to a rise in BNB token's price. The market upswing favoured altcoins such as XRP which has been on an upward trajectory since Bitcoin's price took off in October. This might indicate a rising interest in trading activities across platforms,” Rajagopal Menon, Vice President, WazirX 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