Cryptocurrency Price Today: Bitcoin Price Extend Losses; Crypto Rally Continues As Most Altcoins Trade Higher

The global crypto market rose 0.46% at $1.33 Trillion on Wednesday as most cryptocurrencies and altcoins traded higher today. Bitcoin price was down 0.06% at $34,867.03 per token at the time of writing this article. The price of Bitcoin has fallen consecutively for the second day today after it was seen trading at $34,928.96 per token on Monday.

According to a Bloomberg report, demand for speculative crypto is widening beyond Bitcoin's revival and a raft of lesser-known digital assets rallied sharply this month. As per the report, the gauges tracking the bottom half and 30 mid-tier tokens in MarketVector's index of the largest 100 digital assets are up 16% and 14% respectively so far in November - exceeding the wider measure's 4% gain and a 1% rise in Bitcoin.

One must note that before tumbling almost 64% last year, Bitcoin had once reached a record of $69,000 mark in late 2021.

The total crypto market volume over the last 24 hours stood at $40.05 Billion, which makes a 3.40% increase. The total volume in DeFi is currently $4.68 Billion, which makes 11.68% of the total crypto market 24-hour volume. The volume of all stablecoins is now $35.23 Billion, which is 87.96% of the total crypto market 24-hour volume.

Ethereum price today was almost flat, down 0.02% at $1,885.84 per token. Amidst the current rally in the crypto market, so far Ethereum has faced difficulty in breaking the $1,900 resistance. One reason for this is attributed to uncertainty surrounding Consensys, a key player in the Ethereum ecosystem. Former employees have filed a lawsuit against the company and its co-founder, Joseph Lubin.

How are meme coins performing today?

Meme currencies traded mostly higher today.

Dogecoin: The price of Dogecoin gained 4.63% to $0.07509 per token on Tuesday. Dogecoin has a market cap of $10.64 Billion.

Shiba Inu: Shiba Inu price was up 2.07% at $0.000008318 per token. At this price, the meme currency Shiba Inu has a market cap of $4.9 billion.

Pepe Coin: The price of Pepe Coin (PEPE) skyrocketed 30% at $0.000000000493 per token on Tuesday.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price gained 0.62% at $0.6854 on Tuesday. XRP is ranked number 5 out of all 8,808 active cryptocurrencies listed on CoinMarketCap. XRP reached its all-time high of $3.29 on January 4, 2018.

Cardano:

Cardano price was up 3.22% at $0.358 per token at the time of writing this article.

Solana:

Solana price slumped further as it was down 2.90% at $40.59 per token at the time of writing this copy. Solana is the world's 7th largest cryptocurrency in terms of market cap.

Polkadot:

Polkadot price gained 2.15% at $4.90 per token on Tuesday.