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Bitcoin And Ethereum Fluctuate, While Altcoins Trend Differently.

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Bitcoin And Ethereum Fluctuate, While Altcoins Trend Differently.

(CTN News) – Today’s cryptocurrency market displays a combination of fluctuations, with Bitcoin and Ether experiencing minor declines as they approach the last week of November.

Bitcoin, which commenced the month at $34,397, is currently being traded at $37,238, indicating a marginal loss of 1.24 percent on Monday, November 27.

Nevertheless, November has been a lucrative period for the cryptocurrency industry, witnessing Bitcoin’s value surge from its initial point to the current range of approximately $38,000.

On Monday, Ether, the cryptocurrency that ranks second in terms of market capitalization, experienced a decline in price by 1.48 percent. Presently, it is valued at $2,043.

In order to indicate a bullish trend for Bitcoin,

it is imperative that it breaks and maintains a position above $38,000.

On the other hand, for Ether, it is crucial to surpass the key resistance level of $2,130 to create a bullish scenario. If the price manages to close solidly above this level, it could potentially drive the price higher.

However, the majority of cryptocurrencies, including Binance Coin, Ripple, Solana, Cardano, and Dogecoin, suffered losses today.

Despite the fact that some cryptocurrencies such as Tron, Chainlink, Polygon, Avalanche, Polkadot, Litecoin, Shiba Inu, and Bitcoin Cash traded in the negative zone, the majority of cryptocurrencies including Binance Coin, Ripple, Solana, Cardano, and Dogecoin faced losses today.

As a result, the overall crypto market valuation decreased by 1.12 percent in the last 24 hours, and it is currently standing at $1.42 trillion, according to CoinMarketCap.

Despite the overall decline in the Bitcoin cryptocurrency market, a handful of digital currencies managed to record gains today. These include Leo, Cosmos, Uniswap, Binance USD, and Iota, as well as Braintrust and Circuits of Value which saw modest increases.

Notably, Axie Infinity (AXS) emerged as one of the top performers, surging by 15.9 percent in the past 24 hours.

According to data from DappRadar, there has been a significant increase in demand for the play-to-earn blockchain game in November, with a 30 percent rise in the number of wallets interacting with the game.

In the DeFi space, dYdX is set to unlock $500 million in tokens, marking a significant milestone for the platform.

SEE ALSO:

If My Local Bank Of America Branch Closes, How Will It Affect My Account?

Ex-Binance CEO Seeks UAE Return Before Sentencing, Defying US Justice Department.

 

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