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BTC Wanes To $68K, Altcoins Flux, & DOGE Up 6%
Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action. Simultaneously, the global crypto market cap dipped 0.99% at press time, reaching $2.23 trillion. However, the total market volume witnessed a 12.5% increase in value to $82.04 billion.
Besides, Dogecoin (DOGE) emerged as the day’s top market gainer, defying the broader market sentiment. So, let’s delve deeper into some of the major crypto prices today, November 5.
Crypto Prices Today: BTC, ETH, SOL, & XRP Face Volatility But DOGE Soars
The crypto prices today illustrate that BTC and top altcoins are mainly battling market turbulence. However, coins like DOGE and Monero have defied the broader trend. Simultaneously, it’s worth mentioning that the meme coins sector also witnessed mixed price actions. Here’s a brief report on some of the leading coins by market cap and their price run 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
ETH price slipped nearly 2.5% in the past 24 hours and is currently trading at $2,414. Its intraday low and high were recorded as $2,359.58 and $2,483.05, respectively. Ethereum’s market cap rested at $290.71 billion today. Notably, even ETH’s waning run aligns with $74.24 million worth of outflows in spot Ethereum ETFs, excluding BlackRock’s ETHA data. Meanwhile, CoinGape Media reported the State of Michigan purchased more than $11 million worth of ETH through ETFs, garnering attention toward the crypto.
Solana Price Today
SOL price tanked nearly 3% in the past 24 hours and is now trading at $158. The coin’s 24-hour low and high were recorded as $155.17 and $164.71, respectively. SOL’s market cap was evaluated as $74.82 billion today. Further, Solana was reported to have witnessed a remarkable surge in transactional volume and fee generated on the network during October.
XRP Price Today
Simultaneously, XRP price witnessed a 0.5% drop in value over the past day and is now trading at $0.5048. The coin’s 24-hour low and high were recorded as $0.4968 and $0.5138, respectively. XRP’s market stood at $28.70 billion today. Further, a recent CoinGape report revealed that the XRP coin eyes a $10 price target amid declining escrow stakes.
Meme Coins Performance Today
Notably, Dogecoin (DOGE) emerged as the day’s top gainer, surging 6% intraday to reach $0.1616. Also, even Shiba Inu (SHIB) price gained roughly 2% intraday to $0.00001727. However, Pepe coin (PEPE), dogwifhat (WIF), and POPCAT prices tanked 2%-8% in the past 24 hours.
Top Crypto Gainers Prices Today
Dogecoin
As mentioned above, DOGE emerged as the day’s top market gainer with an intraday low and high of $0.1496 and $0.1659, respectively. DOGE price traded at $0.1616.
Monero
XMR price gained nearly 2% over the past day and is currently trading at $160. The coin’s 24-hour low and high were $156.69 and $161.54, respectively.
Mog Coin
MOG price soared roughly 3% in the past 24 hours and is now trading at $0.000001788. Its 24-hour low and peak were $0.00000165 and $0.000001789, respectively.
Top Crypto Loser Prices Today
THORChain
RUNE price cracked 12% over the past day and is currently sitting at $4.40. The coin’s intraday low and high were $4.23 and $5.07, respectively.
Pendle
PENDLE price slipped nearly 9% over the past 24 hours and is trading at $4.12. The coin’s intraday low and high were $4.05 and $4.56, respectively.
Cat in a dogs world
MEW price tanked 6% intraday and is now trading at $0.007879. The coin’s 24-hour low and high were $0.00765 and $0.008443, respectively.
Besides, the hourly time frame charts sparked further optimism over the crypto prices today as BTC gained 0.4% while ETH gained 0.3%.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The crypto market today (March 15) showcased notable rising trajectories, igniting investor optimism globally. Bitcoin (BTC) price regained a break above $84K intraday, while Ethereum (ETH), Solana (SOL), and XRP prices also pumped considerably. Simultaneously, meme coins witnessed remarkable intraday gains, in sync with today’s broader market trend. Besides, Kaspa (KAS) emerged as the day’s top gainer, leading the market’s price gains.
Crypto Market Today: BTC, ETH, XRP, SOL Prices Pump Sparking Optimism
The global crypto market cap gained nearly 3% in the past 24 hours, reaching $2.75 trillion. Further, liquidations across the sector was down 23% from yesterday, at $160.75 million (Coinglass data). As a result, crypto prices have prevented a downturn, embarking on a rising action as of early Asian hours on Saturday.
BTC Price Taps $85K Sparking Crypto Market Recovery Hope
As of press time, BTC price witnessed gains worth 3% intraday and exchanged hands at $84,433. The flagship coin’s bottom and peak over the day were recorded as $81,771.76 and $85,263.29, respectively. Bitcoin’s market dominance was up by 0.11% over the past day, reaching 60.88%. Overall, the flagship coin appears to be outperforming altcoins this Saturday, recovering after dealing with massive macro heat.
ETH Price Jumps 2%
ETH price gained nearly 2% in the past 24 hours and exchanged hands at $1,919. The coin bottomed and peaked at $1,883.69 and $1,945.09 intraday. Ethereum’s market dominance rested at 8.4% this Saturday, signaling an undermining performance in the alts sector. The second-largest crypto’s trading volume was also down by 35% to $11.58 billion today.
XRP Price Soars
XRP price witnessed a 6% uptick in the past 24 hours and exchanged hands at $2.43. The coin’s intraday low and peak were $2.28 and $2.44, respectively. Ripple’s native coin enjoys a bullish action amid soaring odds of an XRP ETF approval shortly ahead. On the other hand, CoinGape reported that Ripple minted 6.5 million RLUSD, adding a layer of intrigue to the coin’s price movements.
SOL Price Shoots Up 8%
SOL price witnessed a remarkable 8% increase intraday and closed in at $135. The coin hit a low and a high of $124.48 and $135.64 in the past 24 hours. Solana’s trading volume was also up by 15% to $3.17 billion. The coin sees price gains in sync with the broader trend.
Meme Crypto Market Today
Simultaneously, meme coins also witnessed considerable gains this Saturday, further solidifying investor optimism. Dogecoin (DOGE) price gained nearly 2% intraday and exchanged hands at $0.1729. Shiba Inu (SHIB) price soared over 3% intraday to reach $0.00001276. Even Pepe Coin (PEPE) price gushed over 3%, resting at $0.000007133.
Top Crypto Market Gainers Today
Kaspa (KAS)
Price: $0.08113
24-Hour Gains: +14%
Hyperliquid (HYPE)
Price: $14.23
24-Hour Gains: +11%
OKB (OKB)
Price: $46.25
24-Hour Gains: +10%
Top Crypto Market Losers Today
Pi (PI)
Price: $1.47
24-Hour Loss: -10%
Celestia (TIA)
Price: $3.51
24-Hour Loss: -3%
TRON (TRX)
Price: $0.2229
24-Hour Loss: -1%
Overall, traders and investors currently reflect an optimistic sentiment amid prices recovering from previous slumps. On the other hand, VanEck filed for an Avalanche ETF recently, adding to recent pro-crypto advancements across the globe.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Global Investment Management firm VanEck has filed a new S-1 registration form with the US Securities and Exchange Commission (SEC) to list and trade Avalanche ETF. Dubbed the VanEck Avalanche ETF, the asset manager is yet to disclose the ticker symbol for the new product.
The VanEck Avalanche ETF
In the S-1 registration statement, VanEck said the fund will track the price of AVAX, the native token of the Avalanche network. To achieve its objective, the firm said it will directly hold AVAX as an asset and value its shares daily based on the reported MarketVector Avalanche Benchmark Rate.
According to the filing, the values of the AVAX shares will be based on the price of the top 5 AVAX trading platforms, based on the CCData Centralized Exchange Benchmark review report.
This S-1 registration is the first official step in the process of listing an ETF in the United States. VanEck remains an active player in the crypto ETF scene. As reported earlier by CoinGape, VanEck registered the AVAX ETF in Delaware earlier this week before this latest filing.
This is a breaking story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Dogecoin price is drawing increased market attention as it hovers near a critical support level. Analysts suggest that the current price range between $0.15 and $0.17 could represent the final opportunity for investors to buy before a potential breakout. Technical indicators point toward a bullish setup, with analysts predicting a long-term price target of $2.77. Others have proposed an even more ambitious projection of $20, assuming DOGE maintains its multi-year ascending trendline.
Can Dogecoin Price Surge to $20?
Dogecoin price is testing its support between $0.15 and $0.17, with technical indicators suggesting that the asset is in oversold territory. The Relative Strength Index (RSI) on the three-day chart is at historically low levels, which has previously signaled price reversals. Market analysts highlight that if the support level holds, it could create favorable conditions for an upward move.
Ali Martinez pointed out that Dogecoin price remains within a long-term ascending channel. According to his analysis, maintaining the $0.16 support level could lead to a substantial rally. If the price follows past trends, it may reach $2.77 based on Fibonacci extension projections. This would mark a new all-time high for the meme coin.
Other analysts suggest that if Dogecoin continues its multi-year trend and Bitcoin remains strong, DOGE could rally beyond $2.77. Some projections indicate a potential surge to $20 if the market cycle mirrors previous bull runs. However, maintaining support at the current levels is crucial for the top meme coin.
Historical Patterns Suggest a Meme Coin Rally
Additionally, Dogecoin price has historically followed a pattern of extended accumulation phases followed by strong parabolic rallies. Trader Tardigrade’s analysis outlines a cyclical trend where DOGE consolidates for an extended period before a meme coin rally.
Past breakout cycles have shown that Dogecoin price tends to surge after reaching oversold conditions during consolidation periods. The analyst highlights three previous breakout points, with the first occurring in 2017 and the second in 2021. Both instances led to rapid price increases as market sentiment shifted.
The current phase of accumulation, marked by strong on-chain activity and increasing trading volume, resembles these previous breakout patterns. If DOGE price follows its historical trend, it could soon enter another bullish phase.
Analysts Project $4.50 as a Possible Target
Another perspective on Dogecoin’s future price movement comes from its logarithmic growth trajectory. Based on historical patterns, DOGE has consistently formed higher peaks after each major rally, following a long-term logarithmic trend.
Trader Tardigrade’s projections indicate that if Dogecoin repeats its past cycle, it could reach approximately $4.50. The analysis suggests that if the current accumulation phase ends similarly to previous cycles, the next rally could push DOGE toward new price milestones.
Supporting the bullish meme coin rally prediction, a recent analysis revealed that Dogecoin price has reached a key support level, historically signaling a reversal. On-chain metrics indicate that the meme coin is following a macro trend within an ascending channel, suggesting that the recent dip may have marked the bottom.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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