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Cryptocurrency News Articles

Bitcoin (BTC) Price Today - November 22: Inches Closer to the $100,000 Mark, ETH Crosses $3,300; Check Prices Here

Nov 22, 2024 at 02:59 pm

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, continues to inch closer tot he $100,000 mark as it rises above $98,000 early Friday.

Bitcoin (BTC) Price Today - November 22: Inches Closer to the $100,000 Mark, ETH Crosses $3,300; Check Prices Here

Bitcoin price today: BTC inches closer to $100,000 mark as crypto market booms; Check latest updates here

Bitcoin price today, November 22: Bitcoin price today stood at $98,983.29, registering a 24-hour gain of 1.85 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 77.24 lakh.

Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens as the overall Market Fear & Greed Index stood at 88 (Extreme Greed) out of 100, as per CoinMarketCap data. FTX Token (FTT) became the top gainer, with a 24-hour jump of nearly 41 percent. Bitcoin SV (BSV) was the biggest loser today, with a 24-hour dip of over 12 percent.

The global crypto market cap stood at $3.29 trillion at the time of writing, registering a 24-hour jump of 3.51 percent.

Here's a look at the top crypto gainers and losers over the past 24 hours, as per CoinMarketCap data:

Top Crypto Gainers Today (November 22)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

FTX Token (FTT)

Price: $2.8124-hour gain: 40.47 percent

Ripple (XRP)

Price: $1.3924-hour gain: 25.61 percent

Mog Coin (MOG)

Price: $0.00000288124-hour gain: 24.11 percent

Stellar (XLM)

Price: $0.284724-hour gain: 20.23 percent

Optimism (OP)

Price: $2.0424-hour gain: 19.89 percent

Top Crypto Losers Today (November 22)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Bitcoin SV (BSV)

Price: $67.8824-hour loss: 12.01 percent

eCash (XEC)

Price: $0.0000443924-hour loss: 10.79 percent

Bitcoin Cash (BCH)

Price: $492.6524-hour loss: 6.99 percent

Peanut the Squirrel (PNUT)

Price: $1.2724-hour loss: 6.34 percent

Quant (QNT)

Price: $86.9024-hour loss: 3.09 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Edul Patel, co-founder and CEO of Mudrex, told ABP Live, “Bitcoin has reached yet another all-time high, hitting $99,000 and edging closer to the $100K milestone. The rally is driven by increased trading volumes in the “Bitcoin Industrial Complex” and the news of Trump’s media company filing for a trademark for a crypto payments service, boosting the market sentiment. Despite the rally, Bitcoin’s market dominance has dipped, indicating growing strength in altcoins like Ethereum, Doge, Solana and XRP jumping upto 25% in a day. BTC now faces critical resistance at $99,950 before breaking into the six-figure territory, with strong support holding at $95,000.”

CoinSwitch Markets Desk noted, “Bitcoin (BTC) is trading above $99,000, just 1% shy of the critical $100,000 mark, which would push its market cap past $2 trillion. With a 2.5% gain in the last 24 hours, BTC shows strong momentum, though profit-booking near this psychological milestone could spark volatility. SEC Chair Gary Gensler, known for his tough crypto stance, plans to leave the commission entirely on January 20 if Trump takes office, potentially reshaping regulatory dynamics.”

Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin's meteoric rise, now just a stone's throw away from the $100,000 mark, underscores its dominance in the crypto space. With a growing influx of capital into spot BTC ETFs and a market cap now surpassing $1.9 trillion, Bitcoin continues to strengthen its position, accounting for 58% of the total

News source:news.abplive.com

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