Crypto Prices Today Nov 5: BTC Wanes To $68K, Altcoins Flux, & DOGE Up 6%

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As a seasoned analyst with over a decade of experience in the financial markets, I’ve seen my fair share of market volatility and unpredictability. Today’s crypto prices are no exception, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP all experiencing turbulence while Dogecoin (DOGE) soars.

Worldwide traders are expressing worries as cryptocurrency prices take a tumble today. For instance, Bitcoin (BTC) dropped to around $68,000, while Ethereum (ETH), Solana (SOL), and XRP saw their values decrease. In contrast, the overall crypto market value decreased by 0.99% to approximately $2.23 trillion as of now, but the total market volume saw an uptick of 12.5%, reaching $82.04 billion.

In addition, Dogecoin (DOGE) stood out as the top daily market winner, bucking the overall market trend. Today, let’s explore some key cryptocurrency prices, specifically on November 5.

Crypto Prices Today: BTC, ETH, SOL, & XRP Face Volatility But DOGE Soars

Today’s crypto prices show that Bitcoin (BTC) and other top altcoins are primarily grappling with market volatility, but exceptions like Dogecoin (DOGE) and Monero have bucked the overall trend. Interestingly, the meme coin sector has displayed a variety of price movements as well. Let’s take a quick look at the performance of some notable coins in terms of market capitalization and their price fluctuations today.

Bitcoin Price Today

BTC price dropped nearly 2% in the past 24 hours and is now trading at $68,006. The coin’s intraday low and high were recorded as $66,803.65 and $69,335.33, respectively. Bitcoin’s market cap rested at $1.35 trillion today. The flagship crypto’s slumping action falls in line with a remarkable $579.49 million worth of outflows in spot ETFs as of November 4, per Sosovalue data that excluded BlackRock’s IBIT. Further, BTC’s market dominance slipped 0.45% over the past day to reach 60.38%. Meanwhile, Mt. Gox was recorded as moving $2.2 billion worth of BTC amid this slumping movement, hinting at asset reorganization movers for creditor repayment.

Ethereum Price Today

As a researcher, I’ve noticed that the value of Ethereum (ETH) has dipped approximately 2.5% over the past 24 hours, currently trading at around $2,414. The day’s lowest and highest points were marked at $2,359.58 and $2,483.05 respectively. Today, Ethereum’s market capitalization stands at approximately $290.71 billion. Interestingly, this downtrend in ETH aligns with an outflow of around $74.24 million from spot Ethereum ETFs, except for BlackRock’s ETHA data. Simultaneously, CoinGape Media reported the State of Michigan investing more than $11 million in ETH through ETFs, drawing attention to the crypto market.

Solana Price Today

In the last 24 hours, the price of SOL dipped approximately 3%, currently standing at $158. Over this period, its lowest and highest values were $155.17 and $164.71, respectively. The total market cap of SOL today is estimated to be around $74.82 billion. Additionally, it’s been reported that Solana experienced a significant increase in transactional volume and network fees during the month of October.

XRP Price Today

Today, the value of XRP decreased by 0.5% to reach $0.5048. Over the past 24 hours, its lowest and highest points were at $0.4968 and $0.5138 respectively. Currently, the market cap of XRP is approximately $28.70 billion. Additionally, according to a recent report by CoinGape, there’s speculation that XRP could potentially reach a price target of $10 in the future, as escrow stakes are reportedly on the decline.

Meme Coins Performance Today

Today, Dogecoin (DOGE) stood out as the biggest winner, climbing 6% to reach $0.1616. Similarly, Shiba Inu (SHIB) saw a 2% increase, ending at $0.00001727. On the other hand, Pepe coin (PEPE), dogwifhat (WIF), and POPCAT experienced losses of 2% to 8% over the past 24 hours.

Top Crypto Gainers Prices Today

Dogecoin

Today, Dogecoin (DOGE) took the lead among market gainers, reaching a high of $0.1659 from an intraday low of $0.1496. The price of DOGE was last seen at $0.1616.

Monero

Yesterday, the Monero (XMR) price experienced a rise of approximately 2%, now standing at about $160. Throughout the last 24 hours, its lowest point was $156.69 while its highest point reached $161.54.

Mog Coin

In the last day, MOG‘s price increased approximately 3% and is currently being exchanged at 0.000001788 USD. Over the past 24 hours, its lowest and highest points were 0.00000165 USD and 0.000001789 USD, respectively.

Top Crypto Loser Prices Today

THORChain

Today, the value of RUNE has surged by 12%, reaching a current price of $4.40. Earlier today, its lowest point was $4.23, while its highest point was $5.07.

Pendle

Over the last 24 hours, the value of PENDLE dropped by almost 9%, currently standing at $4.12. Its lowest and highest prices within this period were $4.05 and $4.56 respectively.

Cat in a dogs world

Today, the value of MEW plummeted by 6% within the trading day, settling at a price of $0.007879. Over the last 24 hours, its lowest and highest values were recorded at $0.00765 and $0.008443 respectively.

Additionally, the hourly price graphs fueled increased confidence about cryptocurrency values today, with Bitcoin rising by 0.4% and Ethereum increasing by 0.3%.

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2024-11-05 07:44