Crypto Prices Today Nov 27: BTC and Altcoins Decline, ALGO Soars 15%

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As a seasoned crypto investor with years of experience navigating market fluctuations, I must admit that today’s bearish trend has me feeling like a roller coaster ride without the thrilling adrenaline rush. Bitcoin, Ethereum, Solana, and XRP have all taken a tumble, mirroring the broader market sentiment. However, it’s always intriguing to see Algorand and Fantom bucking the trend and showing some resilience in this volatile landscape.

Today’s crypto market has largely exhibited a worrying downward trend, with Bitcoin (BTC) experiencing a steep fall to approximately $91K. Similarly, Ethereum (ETH), Solana (SOL), and XRP all saw significant decreases over the past day. In contrast, Algorand (ALGO) and Fantom (FTM) have been the standout performers, posting gains in the last 24 hours.

Today’s market overview shows a 2% decrease in total market capitalization, currently standing at approximately $3.18 trillion. Notably, the overall trading volume has also dropped by 9%, now resting at around $220 billion. Let’s delve into the performance of top cryptocurrencies, as reflected in today’s crypto prices on November 27.

Crypto Prices Today: BTC, ETH, SOL, and XRP Drop

Today’s crypto market shows a steep drop, as Bitcoin (BTC) experienced a substantial fall, reaching momentarily $91K. Similarly, Ethereum (ETH), Solana (SOL), and XRP followed this widespread bearish pattern, persisting in their descent. Even meme coins were affected, reflecting the prevailing negative market sentiment by decreasing in value.

Bitcoin Price Today

Bitcoin’s price dipped approximately 2% in the past day, now being sold at around $92,890. Its value fluctuated between $90,770 and $94,991 during this period. The total market capitalization of Bitcoin is currently $1.84 trillion, with a trading volume of about $90 billion. Bitcoin’s dominance in the cryptocurrency market is 57.52%.

On November 26, there was an outflow of approximately $122 million from Bitcoin ETFs, with BlackRock’s figures still undisclosed. Fidelity spearheaded these withdrawals, totaling $95 million. Simultaneously, Brazil’s legislature is examining a proposal to establish a strategic Bitcoin reserve.

Ethereum Price Today

In a similar fashion, the price of ETH dropped by about 2%, now being traded at approximately $3,362. During the day, its lowest and highest points were marked at $3,255 and $3,448 respectively. Currently, Ethereum’s market capitalization is valued at a staggering $405 billion, with a trading volume of around $39 billion in the last 24 hours.

Based on Sosovalue’s findings, ETFs focusing on Ethereum (ETH) collectively experienced a withdrawal of approximately $9.45 million. As we wait for data from BlackRock, Grayscale took the lead among other ETFs with an influx of around $16 million.

Solana Price Today

Today’s crypto market shows a 3% decrease in Solana (SOL) over the last 24 hours, causing it to be traded at approximately $233. The coin’s lowest and highest points within this period were $222 and $239 respectively, with a current market capitalization of around $110 billion and a trading volume of about $7 billion.

Currently, Pump Fun – the Solana-based meme-coin launchpad – has decided to temporarily halt their live-streaming service. This move has piqued the interest of Solana enthusiasts.

XRP Price Today

The value of XRP dropped around 6% and is now being exchanged for approximately $1.37. Its lowest and highest prices within the last 24 hours were $1.29 and $1.45, respectively. With a total worth of $78 billion, its trading volume amounts to $9 billion, and it occupies 2.45% of the entire cryptocurrency market. This places XRP as the sixth-largest digital currency by market capitalization.

XRP’s parent company, Ripple, has given $25 million to the political action committee (PAC) called Fairshake, a group that advocates for cryptocurrency. This generous contribution underscores their commitment and increased involvement in promoting pro-cryptocurrency efforts within the industry.

Meme Coin Prices Today

Today, the trend in the meme coin market has shown signs of decline, as Dogecoin (DOGE) has dropped by 4%, now priced at approximately $0.3876. Over the last 24 hours, its price range has been between $0.36 and $0.40, with a current market capitalization of around $57 billion and trading volume of about $8.6 billion.

Currently, Shiba Inu (SHIB) price experienced a 3% decrease, settling at $0.00002446. Similar meme coins such as PEPE, BONK, and WIF also experienced declines of 4% to 8%, mirroring a broader market trend in the sector.

Top Crypto Gainers Prices Today

Algorand

The cost of Algorand (ALGO) has increased by 15% and is now being exchanged at approximately $0.299. Over the past 24 hours, its lowest and highest points were $0.2515 and $0.3089 respectively, indicating a robust upward trend in the market.

Fantom

The value of Fantom (FTM) has increased by 14% to reach a current price of $1.09. Over the last 24 hours, it had dropped as low as $0.92 but also climbed as high as $1.13, reflecting significant growth during this period.

Top Crypto Losers Prices Today

Stellar

The price of Stellar (XLM) has dropped by 15% over the past 24 hours, now being traded at approximately $0.42. Its lowest and highest points within this period were $0.4186 and $0.5104 respectively, showing a notable decrease in value.

The Sandbox

The cost of Sandbox (SAND) has dropped by 10% and is now being exchanged at $0.58. Over the last 24 hours, its lowest and highest prices were $0.58 and $0.66 respectively, indicating a decrease in value during this period.

Nonetheless, the hourly time frame and the crypto prices today indicate a potential reversal, with BTC and top altcoins showing signs of strength. This shift suggests a possible recovery after recent declines, as market sentiment starts to improve.

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2024-11-27 07:06