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Cryptocurrency prices continued to see an unprecedented meltdown, as Bitcoin (BTC) and Ethereum (ETH) registered double-digit losses on Wednesday. Other popular altcoins \u2014 including the likes of Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) \u2014 landed in the reds across the board. FTX Token (FTT) emerged to be the biggest gainer in the past 24 hours, seeing a massive drop of over 70 percent. On the other hand, BinaryX (BNX) managed to be the top gainer in the last 24 hours, with a gain of below 3 percent.\u00a0<\/p>\n
At the time of writing, the global crypto market cap stood at $901.71 billion, registering a dip of 11.13 percent in the last 24 hours, as per CoinMarketCap data. \u00a0<\/p>\n
Bitcoin price stood at $18,218.96, seeing a 24-hour dip of 11.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 16.69 lakhs.<\/p>\n
ETH price stood at $1,291.59, marking a 24-hour loss of 15.55 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.19 lakhs.<\/p>\n
DOGE registered a 24-hour loss of 21.62 percent as per CoinMarketCap data, currently priced at $0.08334. As per WazirX, Dogecoin price in India stood at Rs 7.87.<\/p>\n
Litecoin saw a 24-hour dip of 10.24 percent. At the time of writing, it was trading at $59.02. LTC price in India stood at Rs 5,264.<\/p>\n
XRP price stood at $0.3852, seeing a 24-hour dip of 14.24 percent. As per WazirX, Ripple price stood at Rs 34.25.<\/p>\n
Solana price stood at $21.72, marking a 24-hour loss of 19.12 percent. As per WazirX, SOL price in India stood at Rs 2,086.72.\u00a0<\/p>\n
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:<\/p>\n
BinaryX (BNX)<\/strong><\/p>\n Price:<\/strong> $146.99 PAX Gold (PAXG)<\/strong><\/p>\n Price:<\/strong> $1,701.25 PAX Dollar (USDP)<\/strong><\/p>\n Price:<\/strong> $1.00 UNUS SED LEO (LEO)<\/strong><\/p>\n Price:<\/strong> $4.13 Casper (CSPR)<\/strong><\/p>\n Price:<\/strong> $0.0382 As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:<\/p>\n FTX Token (FTT)<\/strong><\/p>\n Price:<\/strong> $5.22 Chiliz (CHZ)<\/strong><\/p>\n Price:<\/strong> $0.2008 Dogecoin (DOGE)<\/strong><\/p>\n Price:<\/strong> $0.0839 EthereumPoW (ETHW)<\/strong><\/p>\n Price:<\/strong> $4.51 Curve DAO Token (CRV)<\/strong><\/p>\n Price:<\/strong> $0.7521 Mudrex co-founder and CEO Edul Patel told ABP Live, \u201cMost cryptocurrencies recorded double-digit losses in the past 24 hours, reacting to the moves made by Binance and FTX. \u00a0Amid the uncertainty, Bitcoin faced immense selling pressure losing 11 percent over the previous day. The speculation about the current state of the market has been reflected in BTC and other cryptos. The cumulative market cap has dipped, losing over $70 billion in a single day. Other top cryptocurrencies by market cap are also following a similar trajectory. The coming days would be crucial for the entire crypto spectrum.\u201d<\/p>\n Sathvik Vishwanath, CEO and co-founder of Unocoin said, \u201cBitcoin is down 9.1 percent at $18,959 and Ethereum is down over 12 percent since yesterday. BNB is unsurprisingly the main beneficiary. The coin rose 0.5 percent to $336 on the exchange, while the vast majority of altcoins are selling off. Both FTT and BNB provide traders with discounts and other benefits on their respective exchanges. After the merger, Ethereum entered its second phase \u2014 the Surge \u2014 with the goal of reaching 100,000 transactions per second through aggregates. According to the previous plan, there were a total of five stages, the rest being Verge, Purge and Splurge.\u201d<\/p>\n weTrade founder Prashant Kumar offered his take on the market scenario as well, “The crypto market is in the red facing a decline of over 10 percent after the Binance-FTX announcement. Bitcoin reached new lows and is trading at $18,000 on Wednesday morning during Asia trading hours. Ethereum fell to its support level of $1,300. Similar trends were seen in all key cryptocurrencies where they faced a sharp decline between 10-20 percent. It will be key to see how the market consolidates over the next few days.\u201d<\/p>\n Shivam Thakral, the CEO of BuyUCoin, said, \u201cIt was a day of rapid developments for the crypto market as the founders of the world\u2019s biggest exchanges, Binance and FTX entered into a public spat. Binance Founder made a statement that it would liquidate its entire FTT holdings due to growing stability concerns at the FTX exchange. Later in the day, Binance announced that it would acquire the rival FTX which rattled the crypto market and resulted in Binance-led selling pressure. The investors are unsure if the Binance-FTX deal will go through which led to a larger sell-off across crypto assets. Bitcoin shed 10 percent to hover around $18,324.26 while Ethereum dropped by over 13 percent and exchanged hands at $1,312.49. In the altcoin space, MATIC, SOL, and AVAX witnessed a double-digit loss in their value. The drop in the prices of the majority of \u00a0crypto assets offers a buying opportunity to seasoned investors to increase their holdings depending on their risk appetite.\u201d<\/p>\n Disclaimer:<\/strong> Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency<\/a> market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.<\/em><\/p>\n<\/p><\/div>\n
24-hour gain:<\/strong> 2.70 percent<\/p>\n
24-hour gain:<\/strong> 2.20 percent<\/p>\n
24-hour gain:<\/strong> 0.55 percent<\/p>\n
24-hour gain:<\/strong> 0.51 percent<\/p>\n
24-hour gain:<\/strong> 0.42 percent<\/p>\nTop crypto losers today (November 9)<\/strong><\/span><\/h2>\n
24-hour loss:<\/strong> 70.84 percent<\/p>\n
24-hour loss:<\/strong> 21.44 percent<\/p>\n
24-hour loss:<\/strong> 21.42 percent<\/p>\n
24-hour loss: <\/strong>21.37 percent<\/p>\n
24-hour loss:<\/strong> 20.73 percent<\/p>\nWhat crypto exchanges are saying about the current market scenario<\/strong><\/span><\/h2>\n