Crypto Price Update: Bitcoin and Ether Begin the Last Week of November With Declines, While Most Altcoins Experience Downtrends

Bitcoin, which initiated the month with a price of $34,397 (approximately Rs. 28.6 lakh), is currently trading at $37,238 (approximately Rs. 31 lakh).

As of Monday, November 27, Bitcoin experienced a 1.24 percent loss, with its current value standing at $37,238 (approximately Rs. 31 lakh). Despite this recent dip, November has proven to be a profitable month for the cryptocurrency sector, particularly for Bitcoin. Beginning the month at $34,397 (approximately Rs. 28.6 lakh), Bitcoin has witnessed growth over the last three weeks, reaching up to $38,000 (approximately Rs. 31.6 lakh).

Ether also saw a 1.48 percent drop in price on Monday, with the second-largest cryptocurrency by market capitalization currently trading at $2,043 (approximately Rs. 1.70 lakh). Analysts suggest that a successful breakthrough and sustained hold above $38,000 would be considered a bullish sign for Bitcoin, while Ether needs to overcome the crucial resistance at $2,130 for a bullish scenario.

Majority cryptocurrencies recorded losses today. These include Binance Coin, Ripple, Solana, Cardano, and Dogecoin.

Tron, Chainlink, Polygon, Avalanche, Polkadot, Litecoin, Shiba Inu, and Bitcoin Cash are also all trading in losses today.

The overall crypto market valuation dipped by 1.12 percent in the last 24 hours. It currently holds the value point of $1.42 trillion (roughly Rs. 1,18,39,313 crore), showed CoinMarketCap.

In today’s market, only a few cryptocurrencies showed gains. These include Leo, Cosmos, Uniswap, Binance USD, and Iota. Additionally, Braintrust and Circuits of Value also exhibited minor gains.

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