The cryptocurrency market is developing bearish momentum after hitting an all-time high. Today, however, the dominant digital currency is beginning to recover some of its lost ground, as BTC is reaches the $60,000 mark
The cryptocurrency market is developing bearish momentum after hitting an all-time high. Today, however, the dominant digital currency is beginning to recover some of its lost ground, as BTC is returning near the $60,000 mark.
ETH is bouncing back as well, but altcoins have a mixed and uncertain tendency.
Bitcoin Price 11/21/2021: Cryptocurrency Market
Bitcoin had already fallen to $55,000 because local support levels failed to keep the token’s value. Several other tokens saw their value plummet as a result of the halving, as they lost the majority of their revenue. BTC, on the other hand, has been continuously increasing since then. While Bitcoin remains 8.30 percent below last week’s high, it has closed the gap at $ 60,000.
BTC is currently worth a little more than $ 59,300. The chart, on the other hand, reveals that it is reaching $ 60,000 and is consolidating late in the trading session. The coin, on the other hand, appears to be on the verge of breaking free from the correction phase. As a result, as the market tries to recover, many other tokens and coins will acquire confidence and stability.
ETH pricing on the cryptocurrency market:11/21/2021
Ethereum has recently ricocheted off of its $ 4,000 support level. The coin even fell below $ 4,000 for a brief period of time but has since rebounded. ETH has surpassed $ 4,400 in value and is currently trading at roughly $ 4,380. However, it is still 5.70 percent lower than the previous week’s value. Ethereum had hoped to set a new all-time high near $ 5,000, but the market has subsequently experienced a severe downturn. ETH, on the other hand, appears to be ready to continue its upgrade, with a trading volume of $ 14.61 billion.
Other Altcoins on the Cryptocurrency Market on November 21, 2021
Only a few tokens have seen major gains or losses, while others have remained unchanged. BNB is currently trading at $ 596.84, while ADA is trading at $ 1.91.
However, ETH and ADA rival Solana (SOL) both dropped to $ 214.63. The token’s price has dropped around 10% since last week, with another 2.44 percent loss in value.
The price of XRP has remained unchanged at $ 1.09, while the price of DOT has risen to $ 42. DOGE and SHIB, on the other hand, have seen their value fall. DOGE has dropped to $ 0.23 following a 2% drop, and SHIB has dropped to $ 0.00005 after a recent 5.70 percent drop.
LUNA, LTC, and UNI saw modest gains, while LINK, ALGO, VET, XLM, and AXS saw slight losses. MATIC, CRO, and TRON, on the other hand, remained unchanged from their previous values.
